THE UTILITY REFORM NETWORK (EIN 237351081) - 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

1973

Legal Domicile

Principal Officer

MARK TONEY

Phone

4159298876

Tax Period

2023-07-01 to 2024-06-30

THE UTILITY REFORM NETWORK, founded in 1973, is a community nonprofit in the Public & Societal Benefit sector that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

TURN is a statewide consumer organization representing utility ratepayers inregulatory, legislative and judicial proceedings before the California PublicUtilities Commission (CPUC) and other forums. The organization also performs a widerange of consumer services including assistance with complaints, outreach to seniorand low-income groups and educational information, community training and researchand acts as a liaison between ratepayers and utility regulators.

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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 (2023)

Revenue Breakdown

Contributions & Grants $690,679

Program Service Revenue $8,142,568

Investment Income $98,486

Other Revenue $-85,229

TOTAL REVENUE $8,846,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,022,297

Fundraising Expenses $379,034

Program Expenses $7,778,627

Other Expenses $3,948,592

TOTAL EXPENSES $8,970,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,846,504	$6,407,107	+0.4%
Expenses	$8,970,889	$7,903,256	+0.1%
Net Income	$-124,385	$-1,496,149	-0.9%

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

Volunteers

N/A

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

$537,671

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK TONEY	Executive Dir.	40.00	Officer	$269,514	$43,657	$313,171
THOMAS LONG	LEGAL DIRECTOR	40.00		$232,458	$53,348	$285,806
ROBERT FINKELSTEIN	GENERAL COUNSEL	40.00		$222,908	$55,627	$278,535
RICHARD PEREZ	CFO	40.00	Officer	$186,580	$37,920	$224,500
DAVID CHENG	STAFF ATTORNEY	40.00		$176,747	$38,861	$215,608
MATTHEW FREEDMAN	STAFF ATTORNEY	40.00		$177,736	$34,670	$212,406
HAYLEY GOODSON	MANAGING ATTNY	40.00		$143,446	$53,024	$196,470
CARL WOOD	Director	1.00	Director	$0	$0	$0
SHALINI SWAROOP	Director	1.00	Director	$0	$0	$0
JEFF SHIELDS	Director	1.00	Director	$0	$0	$0
BEVERLY TUCKER	Chair	1.00	Officer Director	$0	$0	$0
ROSIE SANCHEZ ULLOA	Director	1.00	Director	$0	$0	$0
WILLIAM NUSBAUM	Secretary	1.00	Officer Director	$0	$0	$0
KORI CHEN	Treasurer	1.00	Officer Director	$0	$0	$0
VERONICA FIELDS	Director	1.00	Director	$0	$0	$0
STAN SANTOS	Director	1.00	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$8,846,504	$8,970,889	$16,727,931	$-124,385
2023	$6,407,107	$7,903,256	$16,278,331	$-1,496,149
2022	$10,003,005	$7,655,060	$16,431,840	$2,347,945
2021	$6,778,643	$6,687,031	$8,489,220	$91,612
2020	$7,612,060	$6,224,164	$8,592,781	$1,387,896
2019	$8,254,986	$7,300,987	$8,000,709	$953,999
2018	$4,466,424	$6,075,480	$6,449,917	$-1,609,056

THE UTILITY REFORM NETWORK