Klamath River Renewal Corporation

What it reported doing in 2024

Kiewit, the construction company, breached the j.c. Boyle cofferdam in july 2024, restoring the historic river channel; they breached the iron gate and copco no. 1 cofferdams in late august, allowing for free-flowing river conditions on the klamath river for the first time in over 100 years. The final cofferdam removal at j.c. Boyle was completed in late july and the cofferdams at iron gate and copco no. 1 were removed in late september. Once they completed all deconstruction activities they demobilized from the site.in january 2025, krrc submitted the final construction report to ferc, including a final concurrence letter from the independent board of consultants (boc), marking the end of the (continued on schedule o) deconstruction phase and fulfilling our dam safety requirements and commitments.restoration activities continued throughout the fiscal year, including vegetation restoration, capping of the disposal sites and laydown areas, hydroseeding and hydromulching of the power canal and powerhouse areas, final grading of the access roads, seedbed preparations in the previous reservoir footprints, and fall plantings and seeding. Spawning habitat and fish passages surveys continued, and water quality monitoring also continued.mcmillen crews mobilized at the California recreation access sites in march 2025 and began site preparation work at the iron gate, fall creek, and grizzly hill recreation access sites. Four of the five sites (all other than moonshine falls) opened in a limited capacity as of may 15, 2025.in mid-april, krrc submitted its comprehensive federal energy regulatory commission (ferc) annual compliance report, describing management plan measures implemented in 2024.in early may, krrc submitted an update to the public safety plan and the recreation facilities plan to ferc describing safety measures for the new recreation sites and newly opened river reaches and the public opening schedule for the sites. In mid-may, krrc initiated work on the recreation access sites as required in the recreation management plan. The pioneer park west, k'utrawxu (or grizzly hill), k'asas (or fall creek), and iron gate recreation access sites opened as scheduled with specific hours and limited amenities (limited river access, limited parking, port-a-potties, no seating areas). Krrc coordinated closely with the states and recreation outfitters to share public information about the site openings and safety considerations and coordinated closely with the shasta indian nation on cultural considerations during construction and the limited openings.in june 2025, resource environmental solutions (res) began this year's restoration construction work on the high priority tributaries in California (beaver creek, scotch creek, camp creek, and jenny creek). This work included the movement of earth, rocks, and timber to support restoring the tributary connections in the formerly inundated river reaches to ensure upstream fish passage and to improve habitat for fish spawning and rearing of young. Construction activities on the tributaries will continue through the summer.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 98.5%; rating input score 99
• Fundraising efficiency: $7,984.4 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • 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: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -45.2%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 0.82; rating input score 29; 29th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
• Officer compensation ratio: 1.8%; rating input score 79; 79th percentile among comparable filings

Growth

• Program expense growth: 30.1% per year; rating input score 100; 95th percentile among comparable filings
• Revenue growth: 21.2% per year; rating input score 100; 93rd percentile among comparable filings
• Asset growth: 12.6% per year; rating input score 100; 74th percentile among comparable filings