Iso New England Inc
90% goes to programs Thin reserves Growing revenue
Iso New England Inc is a 501(c)(3) organization based in Holyoke, Massachusetts, registered in 2004, with $264,594,190 in FY2024 revenue. CharityIndex grades it B, and it directs about 90% of spending to programs.
1 Sullivan Rd, Holyoke, MA, 01040 EIN 04-3372500 Since 2004
Revenue (FY2024)
$264.6M
▲ 12.3% vs prior year
Environment median: $250K
Expenses (FY2024)
$264.6M
Net assets
$0
Employees
764
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating90% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Iso New England Inc: 90% to programs earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Iso New England Inc: 0 mo reserves · +0% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Iso New England Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Iso New England Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The corporation is organized and operated exclusively for charitable purposes including the following: to (i) maintain the reliability of the bulk power and transmission system in new england by, amongst other functions, exercising operational authority over the bulk transmission facilities, (ii) administer and seek to enhance sustainable, competitive and efficient energy markets, and (iii) provide non-discriminatory, open-access transmission service.
What they do
Through its second activity, reliability administration, iso-ne ensures the reliable day-to-day operation of the region's high voltage transmission system. among other things, this involves (i) coordinating the operation of the region's nearly 400 dispatchable power plants and 9,000 miles of high voltage transmission lines; (ii) managing the movement of high-voltage electricity into, within, and out of new england; (iii) ensuring that the six-state new england region has the power system resources necessary to meet consumer demand for electricity and federally-mandated reliability requirements; (iv) coordinating how transmission lines, generation, and other resources connect to and operate on the power grid reliably; and (v), working with the industry to develop transmission infrastructure solutions that are essential for maintaining power system reliability. during 2024 iso-ne coordinated the generation and transmission of the approximately 116,700 gigawatt-hours of power consumed in the region.
Through its third activity, scheduling services, iso-ne forecasts and schedules the electricity needed in the region for every second of every day and ensures there is enough electricity generated to meet demand as well as resources needed to maintain stringent reliability criteria. in conducting this activity, iso-ne (i) monitors the flow of electricity into, out of, and over new england's high-voltage transmission system and (ii) schedules hundreds of diverse power resources and transmission components to supply just the right amount of electricity to meet the region's demand and required reserve margin. iso-ne is responsible for ensuring that the grid can withstand the sudden loss of a power plant or transmission equipment caused by weather, mechanical failure, or other triggers.
Contact & location
- Address
- 1 Sullivan Rd, Holyoke, MA, 01040
- City
- Holyoke
- State
- Massachusetts
- Category
- Environment
- Subcategory
- Natural Resources Conservation
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $157.3M (FY2013) to $264.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $700.2MNet assets $0
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$700.2M
Total liabilities
$700.2M
Net assets
$0
Salaries & benefits
$156.4M
59% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $264,594,190▲12.3% | $264,594,190▲12.3% | $0 | $700,237,762▲36.5% | 990 |
| 2023 | $235,600,056▲11.8% | $235,600,056▲11.8% | $0 | $513,103,203▼30.0% | 990 |
| 2022 | $210,813,398▲4.5% | $210,813,398▲4.5% | $0 | $732,557,047▲10.9% | 990 |
| 2021 | $201,685,559▲3.1% | $201,685,559▲3.1% | $0 | $660,644,997▲20.9% | 990 |
| 2020 | $195,643,356▲0.7% | $195,643,356▲0.7% | $0 | $546,417,316▼3.6% | 990 |
| 2019 | $194,266,780▲0.6% | $194,266,780▲0.6% | $0 | $566,816,092▲3.6% | 990 |
| 2018 | $193,047,934▲4.7% | $193,047,934▲4.7% | $0 | $547,211,218▲15.3% | 990 |
| 2017 | $184,412,903▲1.6% | $184,417,903▲1.6% | $0 | $474,577,474▲5.5% | 990 |
| 2016 | $181,579,382▲4.0% | $181,579,382▲4.0% | $0 | $449,814,425▲8.9% | 990 |
| 2015 | $174,655,653▲7.0% | $174,655,653▲7.0% | $0 | $412,873,681▼31.8% | 990 |
| 2014 | $163,167,107▲3.7% | $163,167,107▲3.7% | $0 | $605,648,771▼12.7% | 990 |
| 2013 | $157,283,828 | $157,283,828▲5.7% | $0 | $693,555,481▲37.7% | 990 |
| 2012 | — | $148,848,236▲6.7% | $0 | $503,520,545▼6.1% | 990 |
| 2011 | — | $139,563,942▲8.9% | $0 | $536,350,630▼14.2% | 990 |
| 2010 | — | $128,126,224 | $0 | $624,757,298 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Gordon Van Welie — $2,253,854 (0.85% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gordon Van Welie | President & Chief Executive Officer | 45 | $2,253,854 |
| Vamsi K Chadalavada | Exec. Vp & Chief Operating Officer | 45 | $1,694,325 |
| Peter T Brandien | Vp, System Ops. & Market Admin. | 45 | $1,079,127 |
| Robert C Ludlow | Vp, Chief Financial & Comp. Off. | 45 | $816,584 |
| Matthew W White | Vp, Market Dev. & Settlements & Chief Econ. | 45 | $713,908 |
| Maria A Gulluni | Vp & General Counsel | 45 | $699,983 |
| Anne C George | Vp, Chief Ext Affairs & Comm. Off. | 45 | $608,935 |
| Robert G Ethier | Vp, System Planning | 45 | $557,048 |
| Kathleen Decastro | Vp, Hr & Chief People Div. Off. | 45 | $517,033 |
| Rudolf A Pawul | Vp, Info. & Cyber Sec. Svcs. | 45 | $494,558 |
| Mark G Karl | Former Vp, Market Dev. & Settlements | — | $453,047 |
| Albert Evans | Chief of Information Security | 40 | $411,466 |
| M David Hameedy | Exec Director, Program Mgmt. Office | 40 | $371,295 |
| Matthew F Goldberg | Exec Director, Strat., Risk & Ops. Comm. | 40 | $371,078 |
| Christopher Nolan | Director, Market & Credit Risk | 40 | $364,776 |
| Christopher Geissler | Director, Economic Analysis | 44 | $364,669 |
| David Naughton | Exec. Dir., Mkt. Monitoring | 40 | $356,682 |
| Tongxin Zheng | Chief Technologist | 41 | $350,835 |
| Parviz Alivand | Manager, Market Design and Principal Economist | 41 | $349,742 |
| Shannon L Carey | Exec Director, Mkt. Analysis & Stlmnt. | 42 | $347,908 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ge Energy Management Service | Energy Management System | $9,733,802 |
| Mitsubishi Electric Power Products Inc | Power System Consulting | $3,703,445 |
| Siemens Industry Inc | Power System Consulting | $3,524,463 |
| Footbridge Consulting LLC | Consultants | $1,604,531 |
| Blackwood Associates Inc | Advisory Services | $1,368,350 |
Grants made · $6,000 in FY2024
1 grant totaling $6,000 in FY2024. All grants made by Iso New England Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Ieee Foundation Inc | Support of the region 1 recipients for the ieee pes scholarship plus initiative fund | $6,000 |
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Frequently asked questions
- Is Iso New England Inc a legitimate nonprofit?
- Yes. Iso New England Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3372500, based in Holyoke, Massachusetts. Donations are tax-deductible.
- What is Iso New England Inc's EIN?
- Iso New England Inc's Employer Identification Number (EIN) is 04-3372500.
- How much revenue does Iso New England Inc report?
- Iso New England Inc reported $264,594,190 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Iso New England Inc's spending goes to programs?
- Iso New England Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Iso New England Inc have?
- CharityIndex grades Iso New England Inc B, based on program efficiency and fundraising cost.
- How much does Iso New England Inc's highest-paid employee make?
- The highest reported compensation on Iso New England Inc's latest Form 990 is $2,253,854, paid to Gordon Van Welie (President & Chief Executive Officer).
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Data for Iso New England Inc (EIN 04-3372500) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.