NORTH AMERICAN ELECTRIC RELIABILITY CORP (EIN 204821888) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

JAMES B ROBB

Phone

2024003000

Tax Period

2024-01-01 to 2024-12-31

NORTH AMERICAN ELECTRIC RELIABILITY CORP, founded in 2006, is a major nonprofit in the Community Improvement sector that reported $112.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ASSURE THE EFFECTIVE, EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY & SECURITY OF ELECTRIC GRID.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $109,663,367

Investment Income $1,923,701

Other Revenue $786,405

TOTAL REVENUE $112,373,473

Expense Breakdown

Grants Paid $15,300

Salaries & Benefits $66,090,500

Fundraising Expenses $0

Other Expenses $48,305,150

TOTAL EXPENSES $114,410,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,373,473	$101,252,176	+0.1%
Expenses	$114,410,950	$98,897,290	+0.2%
Net Income	$-2,037,477	$2,354,886	-1.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

292

Volunteers

2300

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$7,088,503

Total Directors

$3,344,917

Key Employees

$1,096,837

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES B ROBB	PRESIDENT AND CEO	50.00	Officer Director	$1,414,558	$317,859	$1,732,417
KEN DEFONTES	CHAIRMAN	14.00	Officer Director	$182,500	$0	$182,500
ROB MANNING	TRUSTEE	10.00	Director	$145,000	$0	$145,000
GEORGE HAWKINS	VICE-CHAIR	8.00	Officer Director	$145,000	$0	$145,000
COLLEEN SIDFORD	TRUSTEE	12.00	Director	$145,000	$0	$145,000
SUZANNE KEENAN	TRUSTEE	12.00	Director	$145,000	$0	$145,000
JIM PIRO	TRUSTEE	11.00	Director	$145,000	$0	$145,000
JANE ALLEN	TRUSTEE	8.00	Director	$145,000	$0	$145,000
LARRY IRVING	TRUSTEE	8.00	Director	$145,000	$0	$145,000
SUE KELLY	TRUSTEE	15.00	Director	$145,000	$0	$145,000
KRISTINE SCHMIDT	TRUSTEE	10.00	Director	$135,000	$0	$135,000
BOB CLARKE	TRUSTEE	6.00	Director	$135,000	$0	$135,000
JANET L SENA THRU 022924	SVP, EXTERNAL AFFAIRS	50.00	Officer	$847,885	$29,231	$877,116
MANUEL J CANCEL	SVP & CEO OF THE E-ISAC	50.00	Officer	$840,349	$228,010	$1,068,359
KELLY HANSON	SVP AND COO	50.00	Officer	$642,879	$143,138	$786,017
SONIA C RAMOS DA ROCHA	SVP, GC & CORP. SEC.	50.00	Officer	$600,199	$107,048	$707,247
MARK G LAUBY	SVP AND CHIEF ENGINEER	50.00	Officer	$598,831	$132,926	$731,757
ANDREW G SHARP	VP, CFO	50.00	Officer	$396,570	$97,937	$494,507
CAMILO SERNA	SVP, STRATEGY & ENG. (BEG 05/01/24)	50.00	Officer	$274,504	$89,079	$363,583
STAN HOPTROFF	VP, BUSINESS TECHNOLOGY	54.00	Key Emp	$594,655	$97,225	$691,880
MATTHEW DUNCAN	VP, E-ISAC SECURITY OPS & INTEL	50.00	Key Emp	$320,793	$84,164	$404,957
HOWARD GUGEL	VP, REGULATORY OVERSIGHT	50.00	Highest	$380,216	$103,620	$483,836
ERIC T HARTUNG	DIR OF PERF MGMT	50.00	Highest	$344,688	$36,802	$381,490
STUART ELSTEIN	ASSOC GENERAL COUNSEL	45.00	Highest	$340,818	$61,243	$402,061
NINA JENKINS-JOHNSTON	ASST GEN COUN & DIR RISK MGMT	55.00	Highest	$333,394	$89,368	$422,762
KIMBERLY MIELCAREK	VP, CORP. & EXT. COMM.	50.00	Highest	$331,965	$63,790	$395,755
MICHAEL WALKER	FORMER CHIEF OF E-ISAC	0.00		$160,389	$0	$160,389

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$112,373,473	$114,410,950	$113,509,377	$-2,037,477
2023	$101,252,176	$98,897,290	$94,931,912	$2,354,886
2022	$90,454,558	$87,215,291	$85,601,048	$3,239,267
2021	$81,782,902	$82,415,578	$65,227,333	$-632,676
2020	$81,422,506	$76,536,101	$68,223,689	$4,886,405
2019	$81,269,309	$77,458,470	$68,134,907	$3,810,839
2018	$73,002,358	$71,929,162	$62,826,506	$1,073,196

NORTH AMERICAN ELECTRIC RELIABILITY CORP