NRECA WOOD QUALITY CONTROL INC

EIN: 521446660

ARLINGTON, VA

Total Revenue
$3,194,907
Total Expenses
$2,832,334
Total Assets
$3,124,437
Net Assets
$2,814,809
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
DC
Phone
7039075928
Tax Period
2024-01-01 to 2024-12-31

NRECA WOOD QUALITY CONTROL INC, founded in 1985, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 10% surplus.

Mission

ESTABLISH, OPERATE, MAINTAIN AND ADMINISTER A PROGRAM OF ACTIVITIES DESIGNED TO IMPLEMENT RECOGNIZED STANDARDS ESTABLISHED BY THE UNITED STATES RURAL UTILITIES SERVICE AND OTHERS TO ENSURE THE QUALITY OF TIMBER PRODUCTS USED IN THE CONTRUCTION OF RURAL ELECTRIFICATION SYSTEMS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,103,673
Investment Income $91,234
Other Revenue $0
TOTAL REVENUE $3,194,907

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,832,334
Other Expenses $2,832,334
TOTAL EXPENSES $2,832,334

Year-over-Year Comparison

2024 2023 Change
Revenue $3,194,907 $3,561,672 -0.1%
Expenses $2,832,334 $2,940,785 0.0%
Net Income $362,573 $620,887 -0.4%
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

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Governance

Voting Members
7
Independent Members
3
Employees
N/A
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
6
$2,496,748
Total Directors
7
$2,222,001
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA STRICKLAND SR. VICE PRESIDENT 0.1
Officer Director
$0 $130,317 $592,415
DUSTIN YOUNG TREASURER 0.3
Officer Director
$0 $102,752 $377,604
JEFFREY CONNOR PRESIDENT 0.1
Officer Director
$0 $118,470 $970,284
MARTY LITTREL VICE PRESIDENT 0.1
Officer Director
$0 $0 $34,000
OLIVER COX SECOND VICE PRESIDENT 40.0
Officer Director
$0 $53,022 $210,048
RANDY SHAW DIRECTOR 0.1
Director
$0 $0 $12,400
TIMOTHY VELDE DIRECTOR 0.1
Director
$0 $0 $25,250
JESSICA HEALY SECRETARY 1.0
Officer
$0 $43,390 $312,397
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 $3,194,907 $2,832,334 $3,124,437 $362,573
2023 $3,561,672 $2,940,785 $2,772,033 $620,887
2022 $3,022,290 $2,655,230 $2,097,316 $367,060
2021 $2,609,014 $2,341,545 $1,663,915 $267,469
2020 $2,516,388 $2,538,979 $1,393,740 $-22,591
2019 $2,369,374 $2,266,983 $1,439,209 $102,391
2018 $2,484,181 $2,225,815 $1,385,628 $258,366
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