NEW ENGLAND STATES COMMITTEE ON ELECTRICITY INC

EIN: 274343680 Public & Societal Benefit

OSTERVILLE, MA

Total Revenue
$1,815,597
Total Expenses
$1,692,408
Total Assets
$2,257,705
Net Assets
$2,092,451
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CT
Principal Officer
HEATHER HUNT
Phone
2036107153
Tax Period
2024-01-01 to 2024-12-31

NEW ENGLAND STATES COMMITTEE ON ELECTRICITY INC, founded in 2010, is a community nonprofit in the Public & Societal Benefit sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 7% surplus.

Mission

NESCOE IS RECOGNIZED BY THE FEDERAL ENERGY REGULATORY COMMISSION AS NEW ENGLAND'S REGIONAL STATE COMMITTEE. NESCOE'S MISSION IS TO REPRESENT THE INTERESTS OF THE CITIZENS OF THE REGION BY ADVANCING POLICIES DESIGNED TO PROVIDE ELECTRICITY AT THE LOWEST POSSIBLE PRICE OVER THE LONG TERM, CONSISTENT WITH MAINTAINING RELIABLE SERVICE AND ENVIRONMENTAL QUALITY. NESCOE SEEKS TO ACCOMPLISH ITS OBJECTIVES IN THE CONTEXT OF A COMPETITIVE WHOLESALE ELECTRICITY MARKET, AND IT STRIVES TO ADVANCE ITS MISSION THROUGH COLLABORATIVE WORK WITH ISO-NE, THE NEW ENGLAND POWER POOL, AND OTHER REGIONAL STAKEHOLDERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,762,871
Program Service Revenue $0
Investment Income $52,726
Other Revenue $0
TOTAL REVENUE $1,815,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,124,331
Fundraising Expenses $0
Program Expenses $1,663,207
Other Expenses $568,077
TOTAL EXPENSES $1,692,408

Year-over-Year Comparison

2024 2023 Change
Revenue $1,815,597 $1,523,021 +0.2%
Expenses $1,692,408 $1,490,069 +0.1%
Net Income $123,189 $32,952 +2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$254,254
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE DYKES CONNECTICUT MANAGER 2.00
Director
$0 $0 $0
PHILLIP BARTLETT II MAINE MANAGER 2.00
Director
$0 $0 $0
JASON MARSHALL MASSACHUSETTS MANAGER 2.00
Director
$0 $0 $0
JARED CHICOINE NEW HAMPSHIRE MANAGER 2.00
Director
$0 $0 $0
DANIEL PHELAN NEW HAMPSHIRE MANAGER 2.00
Director
$0 $0 $0
JUNE TIERNEY VERMONT MANAGER 2.00
Director
$0 $0 $0
TJ POOR VERMONT MANAGER 2.00
Director
$0 $0 $0
RONALD GERWATOWSKI RHODE ISLAND MANAGER 2.00
Director
$0 $0 $0
CHRISTOPHER KEARNS RHODE ISLAND MANAGER 2.00
Director
$0 $0 $0
HEATHER HUNT EXECUTIVE DI 40.00
Officer
$237,604 $16,650 $254,254
SHANNON BEALE EMPLOYEE 40.00
Highest
$162,240 $6,490 $168,730
JEFFREY BENTZ EMPLOYEE 40.00
Highest
$196,233 $7,849 $204,082
SHEILA KEANE EMPLOYEE 40.00
Highest
$170,225 $26,404 $196,629
NATHAN FORSTER EMPLOYEE 40.00
Highest
$192,400 $7,696 $200,096
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,815,597 $1,692,408 $2,257,705 $123,189
2023 $1,523,021 $1,490,069 $2,087,359 $32,952
2022 $1,631,320 $1,548,186 $2,100,744 $83,134
2021 $1,423,476 $1,379,377 $2,009,182 $44,099
2020 $1,932,333 $1,565,585 $1,972,547 $366,748
2019 $1,584,686 $1,259,511 $1,565,962 $325,175
2018 $1,520,870 $1,856,868 $1,230,344 $-335,998
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