Is New Hampshire Electric Co Op Foundation Legit?

The New Hampshire Electric Co Op Foundation demonstrates consistent financial activity, with annual revenues and expenses generally hovering around the $250,000 - $300,000 range over the past decade. The organization's assets have shown a steady increase, growing from $230,395 in 2014 to $447,694 in 2023, indicating sound financial management and asset accumulation. While the 2023 filing shows expenses slightly exceeding revenue ($303,554 vs. $288,805), this is not a consistent trend and the organization has maintained a healthy asset base. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and efficiency profile. The foundation appears to operate with a lean administrative structure, given the absence of reported officer compensation. This implies that a significant portion of its expenditures is likely directed towards its program services, aligning with best practices for non-profits. The consistent filing of IRS Form 990s over many years also points to a commitment to transparency and regulatory compliance. Overall, the financial data suggests a stable and responsibly managed organization focused on its programmatic goals.