North American Transmission Forum Inc

EIN: 270570089 Community Improvement

Charlotte, NC

Total Revenue
$9,925,054
Total Expenses
$9,681,769
Total Assets
$6,786,524
Net Assets
$434,468
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NJ
Phone
7049451900
Tax Period
2023-01-01 to 2023-12-31

North American Transmission Forum Inc, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $9.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE FORUM'S MISSION IS TO PROMOTE EXCELLENCE IN THE RELIABLE OPERATION OF THE ELECT RIC TRANSMISSION SYSTEM

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,924,910
Investment Income $144
Other Revenue $0
TOTAL REVENUE $9,925,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,068,145
Fundraising Expenses $0
Program Expenses $6,284,013
Other Expenses $1,613,624
TOTAL EXPENSES $9,681,769

Year-over-Year Comparison

2023 2022 Change
Revenue $9,925,054 $9,108,674 +0.1%
Expenses $9,681,769 $8,410,251 +0.2%
Net Income $243,285 $698,423 -0.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
31
Volunteers
6000

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
3
$746,573
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas J Galloway President & CEO 40.00
Officer
$702,868 $43,705 $746,573
Lee Underwood Director, Practice 40.00
$285,455 $16,504 $301,959
Teresa H Aldred DIRECT- ADMIN 40.00
$263,830 $31,939 $295,769
John R Carter DIR OF PEER 40.00
$263,830 $26,379 $290,209
Kenneth B Keels DIR-INITIATI 40.00
$259,700 $21,751 $281,451
Valerie Agnew General Counsel 40.00
$232,511 $36,779 $269,290
Donald J Lekang SR. PRG MGR 40.00
$230,727 $31,475 $262,202
Adrianne Collins Vice Chair 1.00
Officer Director
$0 $0 $0
Dan Woodfin Member 1.00
Director
$0 $0 $0
Ed De Varona Member 1.00
Director
$0 $0 $0
Tim Hattaway Member 1.00
Director
$0 $0 $0
Brian Connaughton Member 1.00
Director
$0 $0 $0
David Ball Member 1.00
Director
$0 $0 $0
Kris Koellner Member 1.00
Director
$0 $0 $0
Dave Weaver Member 1.00
Director
$0 $0 $0
Mike Bartel Member 1.00
Director
$0 $0 $0
Walt Alvarado Chairman 1.00
Officer Director
$0 $0 $0
Nelson Peeler Member 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
2024 No data No data No data No data
2023 $9,925,054 $9,681,769 $6,786,524 $243,285
2022 $9,108,674 $8,410,251 $12,256,467 $698,423
2021 $8,601,218 $7,736,236 $10,236,042 $864,982
2020 $8,499,777 $6,669,537 $9,353,864 $1,830,240
2019 $8,238,878 $6,574,016 $7,341,645 $1,664,862
2018 $7,511,067 $10,663,459 $7,782,669 $-3,152,392
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