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VERMONT ELECTRIC COOPERATIVE IS A MEMBER OWNED NOT-FOR-PROFIT UTILITY WHOSE MISSION IS TO PROVIDE SAFE, AFFORDABLE, AND RELIABLE ENERGY SERVICES TO ITS MEMBERS.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$100.3M
Program Spending
0%
of total expenses go to program services
Total Contributions
$1.4M
Total Expenses
▼$100.3M
Total Assets
$221.7M
Total Liabilities
▼$127.7M
Net Assets
$94.1M
Officer Compensation
→$630.7K
Other Salaries
$9.3M
Investment Income
$6.1M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$11.4M
Awards Found
2
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Commerce | ELECTRICAL SYS. UPGRADES | $11.3M | FY2010 | May 2010 – Nov 2011 | Open → |
| Department of Agriculture | PD - MANDATORY RENEWABLE ENERGY TECHNICAL ASSISTANCE GRANTS | $95.8K | FY2019 | Mar 2019 – Nov 2022 | Open → |
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
5
Clean Audits
5
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $2.2M | Yes | 2026-04-08 |
| 2024 | Clean | Unmodified (Clean) | $2.5M | No | 2025-03-20 |
| 2023 | Clean | Unmodified (Clean) | $776.6K | No | 2024-04-17 |
| 2020 | Clean | Unmodified (Clean) | $1.2M | No | 2021-04-14 |
| 2018 | Clean | Unmodified (Clean) | $1.4M | No | 2019-04-04 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$776.6K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $100.3M | $1.4M | $100.3M | $221.7M | $94.1M |
| 2022 | $91.8M | $1.2M | $91.8M | $211.6M | $90.6M |
| 2021 | $87.1M | $0 | $87.1M | $204.8M | $90M |
| 2020 | $85.9M | $0 | $85.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
| Total |
|---|
| Rebecca Towne | CEO | 52 | $279.3K | $0 | $44.3K | $323.6K |
| Peter Rossi | COO | 50 | $201.9K | $0 | $46.4K | $248.3K |
| Caroline Mashia | CFO | 50 | $199.2K | $0 | $46.2K | $245.4K |
| Paul Lambert | 1st Vice Pre | 2 | $8,710 | $0 | $0 | $8,710 |
| Carol Maroni | 2nd Vice Pre | 4 | $7,480 | $0 | $16 | $7,496 |
| Rich Goggin | President | 4 | $5,900 | $0 | $16 | $5,916 |
| Jody Dunklee | Secretary | 3.5 | $5,430 | $0 | $16 | $5,446 |
| John Ward | Treasurer | 4 | $1,880 | $0 | $16 | $1,896 |
Rebecca Towne
CEO
$323.6K
Hrs/Wk
52
Compensation
$279.3K
Related Orgs
$0
Other
$44.3K
Peter Rossi
COO
$248.3K
Hrs/Wk
50
Compensation
$201.9K
Related Orgs
$0
Other
$46.4K
Caroline Mashia
CFO
$245.4K
Hrs/Wk
50
Compensation
$199.2K
Related Orgs
$0
Other
$46.2K
Paul Lambert
1st Vice Pre
$8,710
Hrs/Wk
2
Compensation
$8,710
Related Orgs
$0
Other
$0
Carol Maroni
2nd Vice Pre
$7,496
Hrs/Wk
4
Compensation
$7,480
Related Orgs
$0
Other
$16
Rich Goggin
President
$5,916
Hrs/Wk
4
Compensation
$5,900
Related Orgs
$0
Other
$16
Jody Dunklee
Secretary
$5,446
Hrs/Wk
3.5
Compensation
$5,430
Related Orgs
$0
Other
$16
John Ward
Treasurer
$1,896
Hrs/Wk
4
Compensation
$1,880
Related Orgs
$0
Other
$16
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Mark Hinton | 1st Class Li | 57 | $241.9K | $0 | $48.9K | $290.8K |
| Jessee Sweet | 1st Class Li | 53 | $199.4K | $0 | $38.7K | $238.1K |
| Joshua Mccoy | 1st Class Li | 56 | $226.1K | $0 | $10.5K |
Mark Hinton
1st Class Li
$290.8K
Hrs/Wk
57
Compensation
$241.9K
Related Orgs
$0
Other
$48.9K
Jessee Sweet
1st Class Li
$238.1K
Hrs/Wk
53
Compensation
$199.4K
Related Orgs
$0
Other
$38.7K
Joshua Mccoy
1st Class Li
$236.5K
Hrs/Wk
56
Compensation
$226.1K
Related Orgs
$0
Other
$10.5K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Bonnie Pratt | Director | 2 | $4,325 | $0 | $16 | $4,341 |
| Charlie Van Winkle | Director | 6 | $6,005 | $0 | $16 | $6,021 |
| Don Worth | Director | 2 | $5,650 | $0 | $15 | $5,665 |
| George Lague | Director | 10 | $7,450 | $0 | $16 | $7,466 |
| Ken Hoeppner | Director | 2 | $6,080 | $0 | $7 | $6,087 |
| Mark Woodward | Director |
Bonnie Pratt
Director
$4,341
Hrs/Wk
2
Compensation
$4,325
Related Orgs
$0
Other
$16
Charlie Van Winkle
Director
$6,021
Hrs/Wk
6
Compensation
$6,005
Related Orgs
$0
Other
$16
Don Worth
Director
$5,665
Hrs/Wk
2
Compensation
$5,650
Related Orgs
$0
Other
$15
| $197M |
| $85.3M |
| 2019 | $83.5M | $0 | $83.5M | $186.9M | $82M |
| 2018 | $84.8M | $0 | $84.8M | $180.7M | $78.6M |
| 2017 | $81.8M | $0 | $81.8M | $176.8M | $75.5M |
| 2016 | $82.2M | $0 | $82.2M | $168.7M | $69.7M |
| 2015 | $81.9M | $0 | $81.9M | $155.5M | $65.9M |
| 2014 | $82.4M | $0 | $82.4M | $152.2M | $62.7M |
| 2013 | $78M | $0 | $78M | $145.3M | $59.4M |
| 2012 | $76.9M | $1.3M | $75.6M | $131.8M | $56.6M |
| 2011 | $77.7M | $3.8M | $74M | $121.3M | $49.6M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data | PDF not yet published by IRS |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| $236.5K |
| Christopher Connelley | 1st Class Li | 54 | $204.7K | $0 | $20.6K | $225.3K |
| Chad Lanou | 1st Class Li | 52 | $197.7K | $0 | $23.1K | $220.7K |
Christopher Connelley
1st Class Li
$225.3K
Hrs/Wk
54
Compensation
$204.7K
Related Orgs
$0
Other
$20.6K
Chad Lanou
1st Class Li
$220.7K
Hrs/Wk
52
Compensation
$197.7K
Related Orgs
$0
Other
$23.1K
| 5 |
| $5,830 |
| $0 |
| $16 |
| $5,846 |
| Thomas Bailey | Director | 3 | $5,450 | $0 | $665 | $6,115 |
George Lague
Director
$7,466
Hrs/Wk
10
Compensation
$7,450
Related Orgs
$0
Other
$16
Ken Hoeppner
Director
$6,087
Hrs/Wk
2
Compensation
$6,080
Related Orgs
$0
Other
$7
Mark Woodward
Director
$5,846
Hrs/Wk
5
Compensation
$5,830
Related Orgs
$0
Other
$16
Thomas Bailey
Director
$6,115
Hrs/Wk
3
Compensation
$5,450
Related Orgs
$0
Other
$665