WSPP INC

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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

1991

Legal Domicile

Principal Officer

DUANE MORRIS LLP

Phone

2027765220

Tax Period

2023-01-01 to 2023-12-31

WSPP INC, founded in 1991, is a small nonprofit that reported $868K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $276K, a strong 32% operating margin.

Mission

THE PURPOSE OF WSPP, INC. IS TO ADMINISTER THE WSPP AGREEMENT, A FEDERALLY FILED AND APPROVED AGREEMENT UNDER WHICH MEMBERS MAY PURCHASE AND SELL WHOLESALE POWER TO EACH OTHER, AND TO CONDUCT RELATED ACTIVITIES INCLUDING MEMBER EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $591,839 Revenue: $790,283

CONDUCTED MEETINGS OF MEMBERS TO CONSIDER AND DETERMINE CHANGES TO THE WSPP AGREEMENT FOR CONSIDERATION OF THE FEDERAL ENERGY REGULATORY COMMISSION (FERC), FILED PROPOSED CHANGES WITH THE FERC...

CONDUCTED MEETINGS OF MEMBERS TO CONSIDER AND DETERMINE CHANGES TO THE WSPP AGREEMENT FOR CONSIDERATION OF THE FEDERAL ENERGY REGULATORY COMMISSION (FERC), FILED PROPOSED CHANGES WITH THE FERC, PROVIDED INTERFACE BETWEEN THE FERC AND MEMBERS REGARDING ISSUES OF COMMON INTEREST UNDER THE FEDERAL POWER ACT, PROVIDED EDUCATION AND TRAINING REGARDING THE RELATIONSHIP BETWEEN RELIABILITY CRITERIA OF A REGIONAL RELIABILITY ORGANIZATION AND BILATERAL ELECTRICITY MARKETS, AND REGARDING LEGAL AND REGULATORY MATTERS POTENTIALLY AFFECTING ELECTRICITY MARKETS.

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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 $0

Program Service Revenue $790,283

Investment Income $77,520

Other Revenue $0

TOTAL REVENUE $867,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $591,839

Other Expenses $591,839

TOTAL EXPENSES $591,839

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,803	$772,288	+0.1%
Expenses	$591,839	$446,364	+0.3%
Net Income	$275,964	$325,924	-0.2%

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

350

Independent Members

350

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET MILLER	VICE CHAIR	1.00	Officer	$0	$0	$0
KOLBY KETTLER	CHAIR	1.00	Officer	$0	$0	$0
BRETT GREENE	TREASURER	1.00	Officer	$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	$867,803	$591,839	$3,449,354	$275,964
2022	$772,288	$446,364	$3,130,646	$325,924
2021	$436,984	$281,393	$2,923,435	$155,591
2020	$529,350	$115,083	$2,764,851	$414,267
2019	$450,015	$498,776	$2,333,132	$-48,761
2018	$423,308	$262,608	$2,373,393	$160,700