New Hampshire Electric Cooperative Inc

New Hampshire Electric Cooperative Inc. maintains stable, break-even operations with growing assets and no reported officer compensation.

EIN: 20172119 · Plymouth, NH · Updated: 2026-03-28

$176.0MRevenue

$417.6MAssets

75/100Mission Score (Good)

Is New Hampshire Electric Cooperative Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

New Hampshire Electric Cooperative Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About New Hampshire Electric Cooperative Inc

New Hampshire Electric Cooperative Inc (EIN: 20172119) is a nonprofit organization based in Plymouth, NH. The organization reported total revenue of $176.0M and total assets of $417.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Electric Cooperative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Hampshire Electric Cooperative Inc with a Mission Score of 75 out of 100 (Good). 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, New Hampshire Electric Cooperative Inc 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.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with revenues exceeding $170 million. This either indicates that executive compensation is not reported in this specific field or that the cooperative operates with a unique, non-compensatory leadership structure, warranting further investigation for full transparency.

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.

Red Flags

The following concerns were identified during AI analysis of New Hampshire Electric Cooperative Inc's IRS 990 filings:

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

The following positive indicators were identified for New Hampshire Electric Cooperative Inc:

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.

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) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

How does New Hampshire Electric Cooperative Inc spend its money?

New Hampshire Electric Cooperative Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to New Hampshire Electric Cooperative Inc tax-deductible?

New Hampshire Electric Cooperative Inc is registered as a tax-exempt nonprofit (EIN: 20172119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does New Hampshire Electric Cooperative Inc. manage to report 0% officer compensation across all filings?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests that executive compensation might be reported under a different category within the 990 form, or that the cooperative has a unique governance and compensation structure where officers are not compensated in a manner typically reported in this section. Further detailed review of the full 990 forms would be necessary to understand this.

What is the breakdown of program, administrative, and fundraising expenses?

The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While the organization's total expenses closely match revenue, a specific allocation is not available, making it difficult to precisely assess spending efficiency in these areas.

Is the growth in assets sustainable given the increase in liabilities?

Assets have grown from $253 million in 2014 to $360 million in 2023, while liabilities have also increased from $150 million to $216 million over the same period. The asset-to-liability ratio remains healthy, indicating that asset growth is not disproportionately driven by unsustainable debt and appears to be managed effectively.

What is the primary source of revenue for the cooperative?

As an electric cooperative, the primary source of revenue is almost certainly from the sale of electricity and related services to its members. The consistent high revenue figures, exceeding $170 million annually in recent years, support this operational model.

Filing History

IRS 990 filing history for New Hampshire Electric Cooperative Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New Hampshire Electric Cooperative Inc's revenue has grown by 48.1%, moving from $123.7M to $183.2M. Total assets increased by 72.8% over the same period, from $208.5M to $360.4M. Total functional expenses rose by 51.2%, from $122.8M to $185.6M. In its most recent filing year (2023), New Hampshire Electric Cooperative Inc reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $216.4M in liabilities against $360.4M in assets (debt-to-asset ratio: 60.0%), resulting in net assets of $144.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$183.2M	$185.6M	$360.4M	$216.4M	—	View 990
2022	$186.1M	$187.5M	$326.3M	$183.5M	—	View 990
2021	$155.1M	$158.2M	$293.5M	$153.1M	—	View 990
2020	$141.7M	$141.7M	$286.0M	$146.1M	—	—
2019	$142.8M	$142.8M	$284.1M	$148.8M	—	View 990
2018	$145.7M	$145.7M	$288.2M	$159.9M	—	View 990
2017	$139.8M	$139.8M	$269.5M	$141.4M	—	View 990
2016	$129.1M	$129.1M	$252.1M	$130.8M	—	View 990
2015	$139.2M	$139.2M	$247.9M	$135.4M	—	View 990
2014	$135.0M	$134.8M	$253.4M	$150.4M	—	View 990
2013	$125.2M	$124.3M	$257.4M	$160.1M	—	View 990
2012	$115.2M	$114.1M	$229.1M	$138.3M	—	View 990
2011	$123.7M	$122.8M	$208.5M	$127.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $183.2M, expenses of $185.6M, and assets of $360.4M (revenue -1.5% year-over-year).
2022: Revenue of $186.1M, expenses of $187.5M, and assets of $326.3M (revenue +20.0% year-over-year).
2021: Revenue of $155.1M, expenses of $158.2M, and assets of $293.5M (revenue +9.4% year-over-year).
2020: Revenue of $141.7M, expenses of $141.7M, and assets of $286.0M (revenue -0.8% year-over-year).
2019: Revenue of $142.8M, expenses of $142.8M, and assets of $284.1M (revenue -2.0% year-over-year).
2018: Revenue of $145.7M, expenses of $145.7M, and assets of $288.2M (revenue +4.3% year-over-year).
2017: Revenue of $139.8M, expenses of $139.8M, and assets of $269.5M (revenue +8.3% year-over-year).
2016: Revenue of $129.1M, expenses of $129.1M, and assets of $252.1M (revenue -7.3% year-over-year).
2015: Revenue of $139.2M, expenses of $139.2M, and assets of $247.9M (revenue +3.1% year-over-year).
2014: Revenue of $135.0M, expenses of $134.8M, and assets of $253.4M (revenue +7.9% year-over-year).
2013: Revenue of $125.2M, expenses of $124.3M, and assets of $257.4M (revenue +8.7% year-over-year).
2012: Revenue of $115.2M, expenses of $114.1M, and assets of $229.1M (revenue -6.9% year-over-year).
2011: Revenue of $123.7M, expenses of $122.8M, and assets of $208.5M.

Data Sources and Methodology

This transparency report for New Hampshire Electric Cooperative Inc 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.