Is New Hampshire Electric Cooperative Inc Legit?

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.