Quick charity verification for New Hampshire Electric Cooperative Inc (EIN: 20172119)
Verdict: New Hampshire Electric Cooperative Inc appears trustworthy
75/100Mission Score
$176.0MRevenue
$417.6MAssets
2Red Flags
4Strengths
Red Flags
Consistent reporting of 0% officer compensation, which is atypical for an organization of this revenue size and warrants further investigation for full transparency regarding executive pay.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, making it difficult to fully assess spending efficiency.
Strengths
Stable financial operations with revenues closely matching expenses, indicating efficient management and a break-even model typical for a cooperative.
Significant and consistent growth in assets, increasing from $253 million in 2014 to $360 million in 2023, demonstrating long-term financial stability.
Healthy asset-to-liability ratio, suggesting prudent financial management and investment.
Consistent filing of IRS 990 forms over 13 periods, indicating a commitment to regulatory compliance.
Spending Breakdown
How New Hampshire Electric Cooperative Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New Hampshire Electric Cooperative Inc
Is New Hampshire Electric Cooperative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Electric Cooperative Inc (EIN: 20172119) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is New Hampshire Electric Cooperative Inc a good charity to donate to?
New Hampshire Electric Cooperative Inc has a Mission Score of 75/100. Revenue: $176.0M. Assets: $417.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hampshire Electric Cooperative Inc?
The Employer Identification Number (EIN) for New Hampshire Electric Cooperative Inc is 20172119. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New Hampshire Electric Cooperative Inc spend its money?
New Hampshire Electric Cooperative Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hampshire Electric Cooperative Inc's tax-exempt status?
You can verify New Hampshire Electric Cooperative Inc's tax-exempt status using EIN 20172119 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
New Hampshire Electric Cooperative Inc. demonstrates consistent financial operations with revenues closely matching expenses over the past decade, indicating a stable, break-even operational model typical for a cooperative. For instance, in 2020, revenue and expenses were both $141,721,140. While the organization's assets have shown significant growth, increasing from $253,426,450 in 2014 to $360,411,315 in 2023, liabilities have also risen, though at a slower pace, maintaining a healthy asset-to-liability ratio. The consistent reporting of 0% officer compensation across all available filings suggests a unique compensation structure or that executive compensation is not reported in this specific field, which could impact a full understanding of administrative costs.
The organization's financial health appears sound, with a steady increase in assets over time. The close alignment of revenue and expenses each year suggests efficient management of resources to meet operational needs without accumulating significant surpluses or deficits. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The lack of reported officer compensation in the specified field could be a transparency concern if executive salaries are substantial but not disclosed in a readily accessible manner on the 990 form, making it difficult to benchmark against similar organizations.
Overall, New Hampshire Electric Cooperative Inc. appears to be a financially stable entity, effectively managing its operations. The growth in assets indicates long-term investment and stability. However, the absence of detailed expense categorization and clear executive compensation figures in the provided data limits a comprehensive assessment of its spending efficiency and transparency practices, particularly concerning administrative overhead.