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ReliabilityFirst Corporation
ReliabilityFirst Corporation reported $28.2 million in revenue and $30.4 million in expenses for calendar year 2024. Of every $100 it spent, $65.35 went to program services, $34.65 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 98.8% of the total. The highest compensation it reported for one person was $1,020,031 (President & CEO). 90 people received more than $100,000 in reportable compensation. Revenue rose 10% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $30MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $28MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 65.3% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 34.7% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 98.8% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $1,020,031 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.36% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 90 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.0 | 10.5 |
| Independent voting board members Part VI 1a–1b | 11 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseReliability Assurance and Compliance Monitoring - The Reliability Assurance and Compliance Monitoring Program identified risks impacting entities, evaluated the effectiveness of entities' internal controls around specific Reliability Standards and Requirements, evaluated entities' capabilities in key management practice areas, tailored training centered on the needs of entities, and monitored compliance to the NERC Reliability Standards
Reliability Assessment and Performance Analysis (RAPA) - The RAPA Program analyzed, assessed, and reported on the reliability and adequacy of the Bulk Electric System within the ReliabilityFirst footprint. Staff helped identify and assess risks across the footprint and its deliverables were a major contributor to the risk based efforts of the entire organization. This work included the performance of resource and transmission assessment studies; special analyses and investigations as warranted; and the collection and dissemination of data, lessons learned, and other information
Enforcement - The Enforcement Program enforced compliance with Reliability Standards. Staff ensured that the selected disposition method for any noncompliance was consistent with the risk posed by the noncompliance, was adequately supported by the record, and promoted desired entity behaviors to enhance reliability
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Officer, 40.00 hrs/week | $925,300 | $0 | $94,731 | $1,020,031 |
| VP, Engineering & Strategic Engmnt Officer, 40.00 hrs/week | $418,483 | $0 | $76,197 | $494,680 |
| VP & General Counsel Officer, 40.00 hrs/week | $394,595 | $0 | $86,698 | $481,293 |
| SVP, Operations & Risk Officer, 40.00 hrs/week | $413,097 | $0 | $67,508 | $480,605 |
| Treasurer & Sr Director, Corp Srvcs Officer, 40.00 hrs/week | $334,093 | $0 | $76,824 | $410,917 |
| Director, Legal & Enforcement Key employee, 40.00 hrs/week | $332,493 | $0 | $66,671 | $399,164 |
| Director, Engineering & Reliability Key employee, 40.00 hrs/week | $325,682 | $0 | $69,536 | $395,218 |
| VP, Chief Security Officer Officer, 40.00 hrs/week | $327,569 | $0 | $65,628 | $393,197 |
90 people received more than $100,000 in reportable compensation from ReliabilityFirst Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5131
- Volunteers Part I, line 611
Correct a figure or respond
Every number above is copied from ReliabilityFirst Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for ReliabilityFirst Corporation, you can publish a response that is linked from this page.
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Of every $100 ReliabilityFirst Corporation spent in 2024, $65.35 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of ReliabilityFirst Corporation's spending goes to programs?
In calendar year 2024, ReliabilityFirst Corporation reported that 65.3% of its $30.4 million in expenses went to program services, 34.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does ReliabilityFirst Corporation pay its top executive?
The largest total compensation ReliabilityFirst Corporation reported for one person in calendar year 2024 was $1,020,031, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does ReliabilityFirst Corporation get its money?
Of $28.2 million in revenue in calendar year 2024, 98.8% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is ReliabilityFirst Corporation a registered charity?
The IRS lists EIN 14-1933339 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513119349303146 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202442969349301014 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349303706 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233159349305083 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143099349302604 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349312650 · read the filing
All filings for EIN 14-1933339: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.