Hydrologic Research Center
Nonprofit profile at a glance
- EIN
- 330576233
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- San Diego, CA, USA
- Phone
- 8587989440
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $2,325,761
- Expenses
- $2,472,268
- Assets
- $1,118,898
- Liabilities
- $578,985
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DR Olufemi Osidele (CEO)
- DR KONSTANTINE GEORGAKAKOS (President)
Highest reported compensation
- DR Olufemi Osidele (CEO): $251,616 total reported compensation
- JASON SPERFSLAGE (Treasurer): $180,331 total reported compensation
- EYLON SHAMIR (ENGINEER): $177,249 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hydrologic research center's mission is to advance the science and engineering of hydrology through basic and applied research and technology transfer of activities. The organization is involved in the design, development, implementation, and testing of prototype measurement simulation and forecast operational systems. It also provides training services, including the development of educational courses and teaching materials.
What it reported doing in 2024
The organization is involved in the design, development, implementation, and testing of prototype measurement simulation and forecast operational systems. It also provides training services, including the development of educational courses and teaching materials.
Operating model
- Revenue model
- Grant-funded. 95% of the money available for current operations came from government grants.
- 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 70
- Accountability: 67
- Sustainability: 15
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.1%; rating input score 74
- Program expense ratio: 69.7%; rating input score 70
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: -6.3%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.52; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 46.5%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 7.7% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 74.1% of revenue deployed · 69.7% of spending went to programs
- Governance: 2 of 3 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $252K · 10 people listed · 1 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.