Civic Intelligence

Swans Island Electric Cooperative Inc

EIN 01-0217861 • 501(c)12 • Swans Island, ME

Profile

Distribution of electric power services at lowest possible cost to residents of Swans Island & Frenchboro, ME.

PO Box 14Swans Island, ME 04685

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

100th percentile

259%

Higher net margin than 100% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2019

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-100%

Faster asset growth than 8% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $31,139 (-100%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $31,139 (-100%) from 2018

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$12,036

Down $29,571 (-169%) from 2018

Expenses

Up

$19,103

Up $1,212 (+6.8%) from 2018

Net Income

Down

-$31,139

Down $30,783 (-8647%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,434,996Liabilities 2011: $1,145,712Net Assets 2011: $289,2842011Assets 2012: $1,512,943Liabilities 2012: $1,174,688Net Assets 2012: $338,2552012Assets 2013: $1,798,945Liabilities 2013: $1,466,560Net Assets 2013: $332,3852013Assets 2014: $2,179,980Liabilities 2014: $1,769,870Net Assets 2014: $410,1102014Assets 2015: $2,154,320Liabilities 2015: $1,704,676Net Assets 2015: $449,6442015Assets 2016: $2,140,773Liabilities 2016: $1,629,370Net Assets 2016: $511,4032016Assets 2017: $31,495Liabilities 2017: $0Net Assets 2017: $31,4952017Assets 2018: $31,139Liabilities 2018: $0Net Assets 2018: $31,1392018Assets 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities-
Net Assets$0
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $367,2232011Expenses 2012: $394,1832012Revenue 2013: $420,476Expenses 2013: $426,322Net Income 2013: -$5,8462013Revenue 2014: $574,405Expenses 2014: $526,887Net Income 2014: $47,5182014Revenue 2015: $581,133Expenses 2015: $541,599Net Income 2015: $39,5342015Revenue 2016: $597,301Expenses 2016: $535,542Net Income 2016: $61,7592016Revenue 2017: $56,814Expenses 2017: $536,722Net Income 2017: -$479,9082017Revenue 2018: $17,535Expenses 2018: $17,891Net Income 2018: -$3562018Revenue 2019: -$12,036Expenses 2019: $19,103Net Income 2019: -$31,1392019

Highlighted filing

2019

Revenue-$12,036
Expenses$19,103
Net Income-$31,139
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
-
Net assets
$0
Revenue
-$12,036
Expenses
$19,103
Net income
-$31,139
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.02$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.02$0.02$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.06$0.54$0.48
2016Detailed filing. Detailed filing data is available for this year.$2.14$1.63$0.51$0.60$0.54$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.15$1.70$0.45$0.58$0.54$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.18$1.77$0.41$0.57$0.53$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.80$1.47$0.33$0.42$0.43$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$1.17$0.34$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$1.15$0.29$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 14, 2020
Return Version
2019v5.0
Gross Receipts
$12,708
Mission and Program Overview

Mission

To provide electric services to members at the lowest costs.

Distribution of electric power services at lowest possible cost to residents of Swans Island & Frenchboro, ME.

Program Services

DescriptionGrantsExpenses
Providing electrical services at lowest possible cost to residents of Swans Island & Frenchboro, ME.$2,079-
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward Schwabe JrPresident-$0--
Jason MatthewsVice Pres/Sec.-$0--
Sarah LaneDirector-$0--
Eric StaplesDirector-$0--
Jeffrey EllisonGeneral Manager-$0--
George BakerDirector-$0--
Eric ChetwyndDirector-$0--
Tom McAloonDirector-$0--
Joe StaplesDirector-$0--
Robert PickupTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Swans Island Electric Cooperative Inc
EIN
01-0217861
Phone
2075264162
Address
PO Box 14, Swans Island, ME 04685

Signing Officer

Name
Jeffrey Ellison
Title
General Manager
Signed
2020-05-14
Discuss with paid preparer
Yes

Preparer

Firm
James W Wadman CPA
Address
295 MAIN ST, ELLSWORTH, ME 04605-1504
Preparer
James W Wadman CPA
Phone
2076676500
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Other $12707”

Other Expenses.1009

“Depreciation $2079”

Other Expenses.1012

“Insurance $1595”

Other Expenses.1

“Other $85”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $1479 Prepaid Expenses and Deferred Charges - Ending $0”

Raw XML Appendix160 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Swans Island
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd004685
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IRS990EZ/ExcessOrDeficitForYearAmt0-31139
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt011662
IRS990EZ/FinalReturnInd0X
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IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-24743
IRS990EZ/GrossReceiptsAmt012708
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LandAndBuildingsGrp/BOYAmt026823
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Edward Schwabe Jr
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jason Matthews
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Sarah Lane
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Eric Staples
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5George Baker
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Joe Staples
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Robert Pickup
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Pres/Sec.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4General Manager
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01479
IRS990EZ/OtherExpensesTotalAmt03759
IRS990EZ/OtherRevenueTotalAmt012707
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Distribution of electric power services at lowest possible cost to residents of Swans Island & Frenchboro, ME.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Providing electrical services at lowest possible cost to residents of Swans Island & Frenchboro, ME.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt02079
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt01
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0ME
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt019103
IRS990EZ/TotalProgramServiceExpensesAmt02079
IRS990EZ/TotalRevenueAmt0-12036
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0false
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Remaing real property of Cooperative per option agreement
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02019-08-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0010024370
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0158800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Appraised value
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0970 Illinois Ave
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Bangor
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0ME
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0044020932
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other $12707
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $2079
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1595
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other $85
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prepaid Expenses and Deferred Charges - Beginning $1479 Prepaid Expenses and Deferred Charges - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.1011
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeffrey Ellison
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0General Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Swans Island Electric Cooperative Inc
ReturnHeader/Filer/BusinessNameControlTxt0SWAN
ReturnHeader/Filer/EIN0010217861
ReturnHeader/Filer/PhoneNum02075264162
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 14
ReturnHeader/Filer/USAddress/CityNm0Swans Island
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004685
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES W WADMAN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0295 MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELLSWORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0046051504
ReturnHeader/PreparerPersonGrp/PhoneNum02076676500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James W Wadman CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-05-14T06:40:16-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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