Overview
What is Reliabilityfirst Corporation?
Reliabilityfirst Corporation is a nonprofit organization based in Cleveland, Ohio. With a staff of 119 individuals, its mission is to preserve and enhance the reliability and security of the bulk power system within a 13-state region, including the District of Columbia, under the North American Reliability Corporation (NERC). The organization identifies potential risks affecting entities, evaluates the effectiveness of their internal controls, assesses key management practice areas, provides customized training, and monitors adherence to NERC Reliability Standards. Their primary goal is to maintain and improve the reliability and security of the interconnected electric systems within their jurisdiction.
Official website here: www.rfirst.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Reliabilityfirst Corporation has received a Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance with a score of 87%. This rating indicates that the organization adheres to high standards in its financial practices, governance, and transparency. Notably, 78% of its board members are independent, which supports a robust oversight structure.
The organization has demonstrated solid financial health, with a program expense ratio of 68.38%, suggesting that a significant portion of funds is directed towards its mission-driven activities. It also has a low fundraising efficiency ratio, indicating that it incurs minimal costs to raise funds. However, the liabilities to assets ratio at 49.47% points to potential financial leverage that may warrant further scrutiny.
While the organization has strong policies in place, including a whistleblower policy and a conflict of interest policy, the compensation for key personnel is notably high, which could raise questions regarding salary scales in comparison to overall operational spending. Overall, Reliabilityfirst Corporation shows a commitment to financial responsibility and transparency, though it may need to address concerns about its fundraising efficiency and executive compensation.
This AI summary has been generated from information found on Charity Navigator.
Is Reliabilityfirst Corporation legitimate?
Reliabilityfirst Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reliabilityfirst Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,130,071
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,670,760
For more financial information, click here
Official website here: www.rfirst.org
What is the mission statement of Reliabilityfirst Corporation?
The Reliabilityfirst Corporation functions as a regional entity within the North American Reliability Corporation (NERC), dedicated to preserving and enhancing the reliability and security of bulk power systems. Spanning 13 states and the District of Columbia, the Corporation's primary objective is to safeguard the integrity of interconnected electric systems.
Through its Reliability Assurance and Compliance Monitoring Program, the organization assesses potential risks, evaluates entities' adherence to specific Reliability Standards and Requirements, and tailors training to address the unique needs of various entities. Additionally, the program evaluates entities' key management practices and monitors compliance to NERC Reliability Standards, ensuring the highest levels of reliability and security for the bulk power system.
Official website here: www.rfirst.org
Who is the CEO of Reliabilityfirst Corporation?
Timothy R Gallagher is the President & Ceo of Reliabilityfirst Corporation. The CEO's salary of Reliabilityfirst Corporation is $657,134 and their total compensation is $748,104.
Official website here: www.rfirst.org
What is the revenue of Reliabilityfirst Corporation?
Reliabilityfirst Corporation's revenue in 2022 was $26,100,151.
Official website here: www.rfirst.org
Who are the executives of Reliabilityfirst Corporation and what are their salaries?
The average compensation at Reliabilityfirst Corporation during 2022 was $141,183. There are 119 employees and 11 volunteers at Reliabilityfirst Corporation.
Here are 35 key members and their salaries (Reliabilityfirst Corporation's CEO's salary is $657,134 and their total compensation is $748,104):
- Compensation: $119,000
- Related: $0
- Other: $0
- Compensation: $107,750
- Related: $0
- Other: $0
- Compensation: $102,250
- Related: $0
- Other: $0
- Compensation: $96,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $657,134
- Related: $0
- Other: $90,970
- Compensation: $362,152
- Related: $0
- Other: $85,718
- Compensation: $242,680
- Related: $0
- Other: $22,331
- Compensation: $334,911
- Related: $0
- Other: $92,378
- Compensation: $174,992
- Related: $0
- Other: $44,458
- Compensation: $297,274
- Related: $0
- Other: $67,576
- Compensation: $203,905
- Related: $0
- Other: $60,460
- Compensation: $257,295
- Related: $0
- Other: $68,740
- Compensation: $256,213
- Related: $0
- Other: $56,716
- Compensation: $215,661
- Related: $0
- Other: $50,184
- Compensation: $185,630
- Related: $0
- Other: $4,051
- Compensation: $257,621
- Related: $0
- Other: $69,805
- Compensation: $258,847
- Related: $0
- Other: $62,301
- Compensation: $246,264
- Related: $0
- Other: $67,246
- Compensation: $241,266
- Related: $0
- Other: $69,710
- Compensation: $230,971
- Related: $0
- Other: $69,122
- Compensation: $219,241
- Related: $0
- Other: $62,987
- Compensation: $227,631
- Related: $0
- Other: $56,130
Official website here: www.rfirst.org
Where can I find the form 990 for Reliabilityfirst Corporation?
Reliabilityfirst Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rfirst.org
Learn more at the official website: www.rfirst.org
Mission Statement of Reliabilityfirst Corporation
ReliabilityFirst Corporation, a key player within the North American Reliability Corporation (NERC), is dedicated to safeguarding and elevating the reliability and security of bulk power systems in its jurisdiction. Spanning across 13 states and the District of Columbia, this organization serves as a regional entity, working tirelessly to preserve the integrity of the interconnected electric systems.
The primary objective of ReliabilityFirst Corporation is to ensure the dependability and security of the power grid under its purview. To accomplish this, the organization implements a comprehensive Reliability Assurance and Compliance Monitoring Program. This program identifies potential risks that may affect entities within the program, evaluates the effectiveness of their internal controls regarding specific Reliability Standards and Requirements, and assesses their capabilities in essential management practice areas. Furthermore, the organization tailors training programs to address the unique needs of these entities and monitors their adherence to the NERC Reliability Standards. By employing these measures, ReliabilityFirst Corporation maintains a robust and resilient power system, enhancing the overall reliability and security of the electric grid.
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Impact
October, 2024
ReliabilityFirst Corporation plays a crucial role in enhancing and preserving the reliability and security of the bulk power system across 13 states and the District of Columbia. By focusing on interconnected electric systems, it ensures a stable and dependable power supply for millions of people and businesses.
Through its Reliability Assurance and Compliance Monitoring Program, the organization identifies risks that could jeopardize the reliability of the power grid. It assesses the effectiveness of internal controls related to specific Reliability Standards and Requirements, helping entities strengthen their operational practices. Furthermore, ReliabilityFirst tailors training programs to meet the specific needs of individual entities, empowering them to enhance their capabilities in key management areas. This proactive approach not only helps in monitoring compliance with NERC Reliability Standards but also fosters a culture of continuous improvement among stakeholders.
Operating from Cleveland, Ohio, ReliabilityFirst contributes significantly to regional and national energy security, supporting the interconnected infrastructure that underpins economic stability and public safety. Its efforts help mitigate potential disruptions, ensuring that the bulk power system operates smoothly and efficiently, thus benefiting the public at large.
This information is meant to be a general summary of Reliabilityfirst Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $159,365
- Gross Receipts: $27,761,985
Assets and Liabilities:
- Total Assets: $23,843,831
- Total Liabilities: $11,797,477
- Net Assets: $12,046,354
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Organization Details
Founding Year
2005
Phone
(216) 503-0600Principal Officer
Timothy R Gallagher
Main Address
3 Summit Park Drive 600, Cleveland, OH, 44131
Website
www.rfirst.orgNTEE Category
Code: W80 - Public benefit
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