Committee of Chief Risk Officers Inc

Nonprofit profile at a glance

EIN
200249627
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
The Woodlands, TX, USA
Phone
2813822538
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$560,055
Expenses
$554,314
Assets
$449,573
Liabilities
$2

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Highest reported compensation

  • ROBERT ANDERSON (Director): $281,686 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To strengthen risk management and disclosure practices in the physical and financial trading and marketing of electricity and natural gas in the united states.

What it reported doing in 2024

WORKING GROUP INITIATIVES 1) ENTERPRISE RISK MANAGEMENT PRACTICESDeveloped and produced eight webinar sessions hosted by a member company. Allowed member companies to share best practices for the practical implementation of ERM in an energy company.2) RETAIL ENERGY PROVIDER RISK MANAGEMENTLaunched an initiative to develop recommended risk management practices for providers of energy at the retail level. Objective for the group is to publish a comprehensive and definitive whitepaper for this segment of the industry as a guideline for companies and public utility commissions alike.3) RISK METRICS AND BEST PRACTICESLaunched an initiative to develop a list of most recommended Key Risk Indicators for any type of energy company. These indicators provide energy companies with critical information related to potential changes in risks they face on the horizon. 4) INDUSTRY-WIDE SURVEY OF RISK MANAGEMENT PRACTICESDeveloped questions and structure for an industry-wide survey of all company internal practices related to the risk management function. This comprehensive survey is open to non-members and is designed to provide the energy industry with otherwise unavailable information about current industry practices. A critical source for companies to benchmark their own practices and support change initiatives for improvement.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 66
  • Accountability: 69
  • Sustainability: 39
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.2%; rating input score 79
  • Program expense ratio: 80%; rating input score 80
  • 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: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 50.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 29.5% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: -6.1% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 14.3% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 79.2% of revenue deployed · 80% of spending went to programs
  • Governance: 6 of 6 board members independent · 2 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $443K in reported program spending
  • Leadership: top reported pay $282K · 6 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.