Industrial Energy Consumer Group

Nonprofit profile at a glance

EIN
010408591
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Augusta, ME, USA
Phone
2078971386
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$430,945
Expenses
$266,304
Assets
$221,248
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ROBERT DORKO (PRESIDENT)

People named in this filing

  • ROBERT DORKO (PRESIDENT)
  • PAUL SERBENT (VICE PRESIDE)
  • JOEL PIKE (SEC & TREASU)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The association conducts business as a trade association designed to promote its members' interests in industrial energy supply, service and rate making in the short and long terms. Its members consist of industrial energy consumers in the state of Maine. The members' interests are divided into three basic areas of activity, the public utilities, the legislative and information arenas. The association interacts with Maine public utilities to provide its members with reasonable and stable utility rates and improved customer service and support from Maine public utilities. The association represents its members' collective interests before legislators and regulatory commissions. New legislative initiatives under consideration in the Maine legislature are analyzed for their impact on the members. The results of these analyses are used to support, oppose and/or revise such legislation so that the association members' interests in affordable energy and productive energy services are maintai

What it reported doing in 2024

The association conducts business as a trade association designed to promote its members' interests in industrial energy supply, service and rate making in the short and long terms. Its members consist of industrial energy consumers in the state of Maine. The members' interests are divided into three basic areas of activity, the public utilities, the legislative and information arenas. The association interacts with Maine public utilities to provide its members with reasonable and stable utility rates and improved customer service and support from Maine public utilities. The association represents its members' collective interests before legislators and regulatory commissions. New legislative initiatives under consideration in the Maine legislature are analyzed for their impact on the members. The results of these analyses are used to support, oppose and/or revise such legislation so that the association members' interests in affordable energy and productive energy services are maintained or enhanced. In addition, the association regularly appears before the Maine public utilities commission and legislature for the purpose of making recommendations as to energy rate making. Finally, the association gathers, analyzes and disseminates information related to industrial energy supply and utilization. Such activities are conducted at the macro and micro levels depending on the members needs. Information as to rate structures, utility load distribution, power supply and growth in power supplies are typical of the information tracked by the association. This information is used by the association members on the macro level for planning with respect to industrial trends and individual member appearances before the Maine public utilities commission and other regulating bodies. The association members use the information provided by the association on a micro level for the purposes of strategic planning and day-to-day business decisions with respect to energy usage.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 69
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.4%; rating input score 61
  • Program expense ratio: 99.4%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 38.2%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -10.9% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -8.8% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 47.8% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 61.4% of revenue deployed · 99.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $265K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Highest-paid contractors: 1 contractor listed · $598K reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.