Lloyd's Register
Legal name: Lloyd's Register North America Inc
Nonprofit profile at a glance
- EIN
- 760647353
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Houston, TX, USA
- Phone
- +44 78117 77526
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $44,066,785
- Expenses
- $66,533,250
- Assets
- $65,774,231
- Liabilities
- $38,397,063
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- JOHN D HICKS (PRESIDENT)
Highest reported compensation
- JOHN D HICKS (PRESIDENT): $407,721 total reported compensation
- DANIELLE CARLSON (SECRETARY): $361,557 total reported compensation
- MARK CHRISTOPHER HASKELL (DIRECTOR): $319,881 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Good governance lies at the heart of all successful organisations and institutions.
What it reported doing in 2024
Lloyd's register north america, inc. Provides engineering services to approve the design of, survey and report on shipping, on amphibious and land and sea-bed installations, structure, plants, etc. On transports of all kinds; on machinery, apparatus, material, components, equipment, production methods and processes of all kinds for the purpose of assessing compliance with regulations, applicable codes and conventions, and revelant statutory provisions of their fitness for particular specified requirements.
Operating model
- Revenue model
- Earned-program. 71% of the money available for current operations came from fees and other program revenue.
- 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 program spending has grown recently. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 57
- Accountability: 28
- Sustainability: 20
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd 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: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -51%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.99; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.58; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 5.2%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: -3.7% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 25th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $408K · 13 people listed · 5 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes foreign activity and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 12 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.