Isle Au Haut Electric Power Co
Isle Au Haut Electric Power Co consistently maintains financial stability with growing assets and no executive compensation.
EIN: 10311701 · Isle Au Haut, ME · NTEE: Y22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $181K |
| Total Expenses | $109K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $180,867. |
| Net Assets | $405K |
| Transparency Score | 95/100 |
Is Isle Au Haut Electric Power Co Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Isle Au Haut Electric Power Co directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Isle Au Haut Electric Power Co
Isle Au Haut Electric Power Co (EIN: 10311701) is a nonprofit organization based in Isle Au Haut, ME, classified under NTEE code Y22. The organization reported total revenue of $181K and total assets of $761K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Isle Au Haut Electric Power Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Isle Au Haut Electric Power Co is a small nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $109K |
| Surplus / Deficit | +$12K |
| Total Assets | $487K |
| Total Liabilities | $82K |
| Net Assets | $405K |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 16.8% |
| Months of Reserves | 53.8 months |
Financial Health Grade: A
In 2023, Isle Au Haut Electric Power Co reported a surplus of $12K with revenue exceeding expenses, holds 53.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.8% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Isle Au Haut Electric Power Co's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | -1.3% | -1.4% |
| 2022 | -37.7% | -19.2% | -2.7% |
| 2021 | +31.0% | +2.5% | -16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Isle Au Haut Electric Power Co with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Isle Au Haut Electric Power Co allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient for an organization of its size with current revenue of $180,867.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Isle Au Haut Electric Power Co:
- Consistent asset growth, from $605,688 in 2020 to $760,760 currently, indicating strong financial management.
- Zero officer compensation across all reported periods, demonstrating high efficiency and dedication to mission.
- Revenues generally exceed expenses, as seen in 2023 ($120,547 revenue vs. $108,665 expenses), contributing to financial stability.
- Low liabilities relative to assets, with current assets at $760,760 and liabilities at $81,804 in 2023, indicating good financial health.
Frequently Asked Questions about Isle Au Haut Electric Power Co
Is Isle Au Haut Electric Power Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Isle Au Haut Electric Power Co (EIN: 10311701) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Isle Au Haut Electric Power Co spend its money?
Isle Au Haut Electric Power Co directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Isle Au Haut Electric Power Co tax-deductible?
Isle Au Haut Electric Power Co is registered as a tax-exempt nonprofit (EIN: 10311701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Isle Au Haut Electric Power Co CEO make?
Isle Au Haut Electric Power Co's highest-compensated officer earns $180,867. annually. The organization reported $181K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Isle Au Haut Electric Power Co compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Isle Au Haut Electric Power Co is above average for NTEE category Y22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Isle Au Haut Electric Power Co located?
Isle Au Haut Electric Power Co is headquartered in Isle Au Haut, Maine and files with the IRS under EIN 10311701. It is classified under NTEE code Y22.
How many years of IRS 990 filings does Isle Au Haut Electric Power Co have?
Isle Au Haut Electric Power Co has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $181K in total revenue.
Is Isle Au Haut Electric Power Co a good charity?
While not a traditional charity, as a utility, Isle Au Haut Electric Power Co appears to be a well-managed and financially stable organization. Its consistent operational surpluses, growing assets, and zero executive compensation suggest efficient use of resources for its mission of providing electric power.
How has the organization's financial health changed over time?
The organization's financial health has shown positive trends, with assets growing from $605,688 in 2020 to $760,760 currently. Revenue has fluctuated but generally exceeded expenses, contributing to this asset growth and indicating stable operations.
What is the organization's approach to executive compensation?
Isle Au Haut Electric Power Co has a highly efficient approach to executive compensation, reporting 0% for officer compensation in all available filings. This means no officers or key employees are paid salaries by the organization, directing more resources to its operations.
Filing History
IRS 990 filing history for Isle Au Haut Electric Power Co showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Isle Au Haut Electric Power Co's revenue has declined by 5.2%, moving from $127K to $121K. Total assets decreased by 19.6% over the same period, from $606K to $487K. Total functional expenses fell by 18.3%, from $133K to $109K. In its most recent filing year (2023), Isle Au Haut Electric Power Co reported a surplus of $12K, with revenue exceeding expenses. The organization holds $82K in liabilities against $487K in assets (debt-to-asset ratio: 16.8%), resulting in net assets of $405K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $109K | $487K | $82K | — | View 990 |
| 2022 | $104K | $110K | $494K | $101K | — | View 990 |
| 2021 | $167K | $136K | $508K | $108K | — | View 990 |
| 2020 | $127K | $133K | $606K | $237K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $109K, and assets of $487K (revenue +16.0% year-over-year).
- 2022: Revenue of $104K, expenses of $110K, and assets of $494K (revenue -37.7% year-over-year).
- 2021: Revenue of $167K, expenses of $136K, and assets of $508K (revenue +31.0% year-over-year).
- 2020: Revenue of $127K, expenses of $133K, and assets of $606K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Isle Au Haut Electric Power Co:
Data Sources and Methodology
This transparency report for Isle Au Haut Electric Power Co is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.