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Filing year 2024

FOX ISLANDS ELECTRIC COOPERATIVE INC

Vinalhaven, Maine·EIN 01-0333304·12
Total revenue
$3.1M
Total assets
$19.2M
Total expenses
$3.1M
Reported officers
12
Mission

TO PROVIDE RELIABLE, AFFORDABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRIC SERVICE TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS ON THE ISLANDS OF NORTH HAVEN AND VINALHAVEN, MAINE.

Executive compensation, broken down

Form 990 · Schedule J · 12 reported individuals · Filing year 2024

Base
$146k
Bonus
$800
Other
$7k
Benefits
Line Supervi
highest compensated employee
$121k
$130k
Lineman
highest compensated employee
$108k
$117k
Director
board member
$110
$119
Treasurer
officer (unspecified)
$110
$119
Director
board member
$110
$119
Secretary
officer (unspecified)
$100
$108
Vice Preside
vice president
$100
$108
Director
board member
$90
$97
Director
board member
$90
$97
Director
board member
$60
$65

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 16%
from 2023

From $133k in 2023 to $154k in 2024.

$133k
2023
$154k
2024
In today's dollarsEst.
Up 12% in real terms$148k to $166k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FOX ISLANDS ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.9M
$2.9M
2023
$3.1M
$3.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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