Association of Edison Illuminating Companies Inc
Nonprofit profile at a glance
- EIN
- 130453115
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2052573839
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,525,792
- Expenses
- $2,624,781
- Assets
- $3,395,358
- Liabilities
- $1,680,243
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- STEVE HAUSER (CEO/DIRECTOR)
- BEN FELTON (2ND VICE PRESIDENT)
- HEATHER RIVARD (PAST PRESIDENT)
- ROBERT SANCHEZ (PRESIDENT)
- JIM HEILBRON (1ST VICE PRESIDENT)
Highest reported compensation
- STEVE HAUSER (CEO/DIRECTOR): $303,162 total reported compensation
- ELIZABETH COOK (VP TECHNICAL SERVICES): $212,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The association of edison illuminating companies, inc. Is an association of electric utilities, generating companies, transmitting companies or distributing companies that are engaged in the generation, transmission or distribution of electric service for sale to the general public. The association's primary mission is to build one-of-a-kind industry relationships and networks to share operational best practices.
What it reported doing in 2024
The association encourages research and the exchange of technical information through a committee structure, staffed with experts from management of member companies. The association's committees exchange information, ideas and solutions to succeed in the ever-changing electric industry. The association also provides highly valued literature on load research and underground cable specifications. The association's eight technical committees are as follows: load research & analytics, meter and service, power apparatus, power delivery, power generation, cable engineering, customer service, and workforce development.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 60
- Accountability: 75
- Sustainability: 28
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 97.1%; rating input score 97; 27th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.9%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 1.29; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 19.6%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 34 of 35 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $303K · 33 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $462K reported
- Consistency: 14 of 14 current checks pass
- Schedules: 7 filed schedules · includes foreign activity, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Sustainability: Operating margin scored 22/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.