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VERMONT ELECTRIC COOPERATIVE INC

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Public IRS 990 nonprofit record

VERMONT ELECTRIC COOPERATIVE INC

EIN 03-0164375 · Mutual & Membership Benefit (Y)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

100.00%of revenue went to mission work100.0% of expenses · Program services
$100.00spent for every $100 of revenueRevenue covered expenses this year.
$2.20in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $351,224 for REBECCA TOWNE (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$83,542,041
Mission workProgram services$83,542,041100.00% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$83,542,041100.00% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2019CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.00% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.00% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.00% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

Money in and money out

Revenue$110,864,852
Expenses$110,864,852

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$83,542,041 · 75.4% of expenses
See all reported dollar amounts
Revenue$110,864,852
Expenses$110,864,852
Assets$243,378,721
Income$110,884,075
Mission work (program services)$83,542,041
Accounting fees$65,000
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
REBECCA TOWNECEO · 54 hrs/week $351,224Base $300,812 · Other $50,412
PETER ROSSICOO · 50 hrs/week $261,724Base $208,268 · Other $53,456
CAROLINE MASHIACFO · 50 hrs/week $259,726Base $216,298 · Other $43,428
CHAD LANOU1ST CLASS LI · 51 hrs/week $259,075Base $216,129 · Other $42,946
CHRIS CONNELLEY1ST CLASS LI · 53 hrs/week $232,697Base $207,965 · Other $24,732
ALAN ESPOSITO1ST CLASS LI · 51 hrs/week $223,442Base $209,680 · Other $13,762
JOSHUA MCCOY1ST CLASS LI · 53 hrs/week $222,923Base $210,425 · Other $12,498
TYLER YOUNG1ST CLASS LI · 50 hrs/week $204,710Base $191,541 · Other $13,169
KEN HOEPPNERDIRECTOR · 4 hrs/week $12,087Base $12,080 · Other $7
CHARLIE VAN WINKLETREASURER · 8 hrs/week $11,121Base $11,105 · Other $16
GEORGE LAGUEDIRECTOR · 5 hrs/week $10,141Base $10,125 · Other $16
PAUL LAMBERT1ST VICE PRE · 5 hrs/week $9,855

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

REBECCA TOWNECEO

PETER ROSSICOO

CAROLINE MASHIACFO

CHAD LANOU1ST CLASS LI

CHRIS CONNELLEY1ST CLASS LI

ALAN ESPOSITO1ST CLASS LI

JOSHUA MCCOY1ST CLASS LI

TYLER YOUNG1ST CLASS LI

KEN HOEPPNERDIRECTOR

CHARLIE VAN WINKLETREASURER

GEORGE LAGUEDIRECTOR

PAUL LAMBERT1ST VICE PRE

RICH GOGGINPRESIDENT

JEFFERY WILSONDIRECTOR

CAROL MARONI2ND VICE PRE

MARK WOODWARDDIRECTOR

BONNIE PRATTDIRECTOR

JODY DUNKLEESECRETARY

THOMAS BAILEYDIRECTOR

WILLIAM GILBERTDIRECTOR

About this charity

Recognized since
January 1940
Location
42 WESCOM ROAD, JOHNSON, VT 05656
County
Lamoille
In care of
CAROLINE MASHIA
Primary officer
CAROLINE MASHIA, CFO

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
KITTELL BRANAGAN & SARGENT
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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