TOTAL REVENUE - FISCAL 2025
$303,262,191
Up 14.6% from $264,594,190 in fiscal 2024.
Iso New England Inc
Holyoke, Massachusetts - EIN 04-3372500 - Latest filing: fiscal 2025 (Jan 1, 2025 - Dec 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Aug 31, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Aug 31, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Iso New England Inc reported $303,262,191 in revenue and $303,262,191 in expenses in fiscal 2025, a surplus of $0 for the year. Program services took $266,684,960 of expenses, or 87.9%. The organization closed the year with $0 in net assets - about 0.0 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$303,262,191
Revenue minus expenses: $0 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
87.9%
$266,684,960 of $303,262,191 went to program services.
NET ASSETS - END OF FISCAL 2025
$0
Total assets $792,830,095 minus total liabilities $792,830,095.
TOP EXECUTIVE PAY - FISCAL 2025
$10,274,653
Gordon Van Welie, President & Chief Executive Officer, as reported on the fiscal-2025 Form 990, filed Aug 31, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
791 Employees
Plus 0 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Aug 31, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $0 |
| Program Service Revenue | $300,540,531 |
| Investment Income | $2,721,660 |
| Other Revenue | $0 |
| Total Revenue (All Sources) | $303,262,191 |
Government Grants - Not Broken Out
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
0.0 Months
of reserves - $0 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $25,271,849 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $792,830,095 |
| Total Liabilities | $792,830,095 |
| Liabilities as Share of Assets | 100.0% |
| Net Assets | $0 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Aug 31, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| Gordon Van Welie - President & Chief Executive Officer | $10,274,653 | 3.39% |
| Vamsi K Chadalavada - Exec. VP & Chief Operating Officer | $2,811,987 | 0.93% |
| Robert C Ludlow - VP, Chief Financial & Comp. Off. | $1,510,124 | 0.50% |
| Maria A Gulluni - VP & General Counsel | $1,253,599 | 0.41% |
| Anne C George - VP, Chief Ext Affairs & Comm. Off. | $1,098,280 | 0.36% |
| Matthew W White - VP, Market Dev. & Settlements & Chief Econ. | $1,088,470 | 0.36% |
| Rudolf A Pawul - VP, Info. & Cyber Sec. Svcs. | $1,071,151 | 0.35% |
| Kathleen Decastro - VP, Hr & Chief People Off. | $956,795 | 0.32% |
| Stephen George - V.P, System Oper & Market Admin | $760,167 | 0.25% |
| Alan F McBride - V.P., System Planning | $754,419 | 0.25% |
| Dennis G Robinson - Exec Director, Market Admin. & Auctions | $629,282 | 0.21% |
| Shannon L Carey - Exec Director, Mkt. Analysis & Stlmnt. | $575,713 | 0.19% |
| Tongxin Zheng - Chief Technologist | $557,899 | 0.18% |
| M David Hameedy - Exec Director, Program Mgmt. Office | $553,818 | 0.18% |
| Matthew F Goldberg - Exec Director, Strat., Risk & Ops. Comp. | $553,425 | 0.18% |
| Albert Evans - Chief Of Information Security | $541,867 | 0.18% |
| Steven Gould - Director, Operations | $528,227 | 0.17% |
| Brent Oberlin - Exec Director, Transmission Planning | $496,134 | 0.16% |
| David Naughton - Exec. Dir., Mkt. Monitoring | $479,361 | 0.16% |
| Parviz Alivand - Manager, Market Design And Principal Economist | $466,568 | 0.15% |
| Christopher Geissler - Director, Economic Analysis | $464,771 | 0.15% |
| John Diloreto - Exec Director, Internal Audit | $424,541 | 0.14% |
| Christopher Nolan - Director, Market & Credit Risk | $409,882 | 0.14% |
| Lorraine M Brady - Board Admin. & Asst. Corp. Sec. | $210,439 | 0.07% |
| Cheryl Lafleur - Chair, Board Of Directors | $185,000 | 0.06% |
| Brook M Colangelo - Director | $182,500 | 0.06% |
| Caren Anders - Director | $172,500 | 0.06% |
| Mark Vannoy - Director | $170,000 | 0.06% |
| Michael J Curran - Director | $170,000 | 0.06% |
| Steven B Corneli - Director | $162,500 | 0.05% |
| Craig Ivey - Director | $160,000 | 0.05% |
| Catherine Flax - Director | $157,500 | 0.05% |
| Melvin G Williams Jr - Director | $157,500 | 0.05% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Aug 31, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
9 voting members, 9 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Gordon Van Welie | President & Chief Executive Officer |
| Vamsi K Chadalavada | Exec. VP & Chief Operating Officer |
| Robert C Ludlow | VP, Chief Financial & Comp. Off. |
| Maria A Gulluni | VP & General Counsel |
| Anne C George | VP, Chief Ext Affairs & Comm. Off. |
| Matthew W White | VP, Market Dev. & Settlements & Chief Econ. |
| Rudolf A Pawul | VP, Info. & Cyber Sec. Svcs. |
| Kathleen Decastro | VP, Hr & Chief People Off. |
| Stephen George | V.P, System Oper & Market Admin |
| Alan F McBride | V.P., System Planning |
| Dennis G Robinson | Exec Director, Market Admin. & Auctions |
| Shannon L Carey | Exec Director, Mkt. Analysis & Stlmnt. |
| Tongxin Zheng | Chief Technologist |
| M David Hameedy | Exec Director, Program Mgmt. Office |
| Matthew F Goldberg | Exec Director, Strat., Risk & Ops. Comp. |
| Albert Evans | Chief Of Information Security |
| Steven Gould | Director, Operations |
| Brent Oberlin | Exec Director, Transmission Planning |
| David Naughton | Exec. Dir., Mkt. Monitoring |
| Parviz Alivand | Manager, Market Design And Principal Economist |
| Christopher Geissler | Director, Economic Analysis |
| John Diloreto | Exec Director, Internal Audit |
| Christopher Nolan | Director, Market & Credit Risk |
| Lorraine M Brady | Board Admin. & Asst. Corp. Sec. |
| Cheryl Lafleur | Chair, Board Of Directors |
| Brook M Colangelo | Director |
| Caren Anders | Director |
| Mark Vannoy | Director |
| Michael J Curran | Director |
| Steven B Corneli | Director |
| Craig Ivey | Director |
| Catherine Flax | Director |
| Melvin G Williams Jr | Director |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence9 voting / 9 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $13,500 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Ieee Foundation Inc SUPPORT OF THE REGION 1 RECIPIENTS FOR THE IEEE PES SCHOLARSHIP PLUS INITIATIVE FUND | $6,000 |
| University Of Massachusetts Amherst SUPPORT FOR THE COLLEGE OF ENGINEERING INDUSTRY PARTNER PROGRAM | $7,500 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $264,594,190 | - |
| Fiscal 2025 | $303,262,191 | +14.6% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jan 1, 2025 - Dec 31, 2025 | Form 990 | In Force - Filed Aug 31, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.