NRECA RESEARCH

EIN: 842724646 501(c)(3) Public & Societal Benefit

ARLINGTON, VA

Total Revenue
$11,491,792
Total Expenses
$11,498,833
Total Assets
$2,878,365
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
JAMES MATHESON
Phone
7039075960
Tax Period
2023-01-01 to 2023-12-31

NRECA RESEARCH, founded in 2019, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $11.1M in total revenue in fiscal year 2020.

Mission

THE MISSION OF NRECA RESEARCH IS TO ENGAGE IN PRIVATELY FUNDED SCIENTIFIC RESEARCH ACTIVITIES FOCUSED ON SUPPORTING,SUSTAINING AND IMPROVING THE ELECTRICAL GRID OF THE FUTURE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,233,604
Program Service Revenue $7,250,819
Investment Income $7,369
Other Revenue $0
TOTAL REVENUE $11,491,792

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,917,508
Fundraising Expenses $0
Program Expenses $11,106,511
Other Expenses $7,581,325
TOTAL EXPENSES $11,498,833

Year-over-Year Comparison

2023 2022 Change
Revenue $11,491,792 $9,979,949 +0.2%
Expenses $11,498,833 $9,979,949 +0.2%
Net Income $-7,041 N/A N/A
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
3
Independent Members
N/A
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
5
$5,402,613
Total Directors
3
$4,615,068
Key Employees
1
$258,774
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES JIM MATHESON PRESIDENT, CEO 0.19
Officer Director
$0 $327,143 $3,131,572
JEFFREY CONNOR CHIEFT OPERATING OFFICER 0.19
Officer Director
$0 $112,610 $826,187
DIGNA LOUIS SECRETERY/TREASURER 1.05
Officer Director
$0 $90,364 $657,309
ANGELA STRICKLAND VICE PRESIDENT 13.35
Officer
$0 $52,815 $507,388
VENKAT BANUNARAYANAN VP, BTS INTEGRATED GRID 24.0
Highest
$0 $88,061 $334,791
DOUGLAS LAMBERT SR. PRINCIPLE GRID SOLUTIONS 40.0
Highest
$0 $97,775 $308,541
DANIEL WALSH SR. POWER SUPPLY & GEN. DIR. 37.0
Highest
$0 $63,054 $288,413
JESSICA HEALY ASST. SECRETARY 0.19
Officer
$0 $42,029 $280,157
JUSTIN LUEBBERT PRINCIPAL CYBERSEC. COMPLIANCE 24.0
Highest
$0 $74,997 $273,322
RYAN NEWLON PRINCIPAL CYBER SECURITY SOLN. 14.0
Highest
$0 $70,166 $268,510
DAVID PINNEY PRINCIPAL, ANALYTIC TOOLS 41.0
Key Emp
$0 $47,719 $258,774
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 $11,491,792 $11,498,833 $2,878,365 $-7,041
2022 $9,979,949 $9,979,949 $2,273,403 No data
2021 $13,693,671 $13,693,671 $5,324,315 No data
2020 $11,110,083 $11,110,083 $1,405,805 No data
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