National Wind Technology Consortium Inc

Nonprofit profile at a glance

EIN
824740333
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-EZ 2018
Location
Albany, NY, USA
Phone
8488633269
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Energy Resources Conservation and Development

Official website

Reported finances

Revenue
$7,324,130
Expenses
$7,077,564
Assets
$3,309,436
Liabilities
$1,790,609

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

Leadership & pay

30 people listed

Executive titles in this filing

  • LYNDIE HICE-DUNTON (EXECUTIVE DIRECTOR)
  • CHRISTINE SLOAN (DEPUTY EXECUTIVE DIRECTOR)

Highest reported compensation

  • LYNDIE HICE-DUNTON (EXECUTIVE DIRECTOR): $346,300 total reported compensation
  • CHRISTINE SLOAN (DEPUTY EXECUTIVE DIRECTOR): $183,979 total reported compensation
  • MELANIE SCHULTZ (PROGRAM MANAGER): $156,583 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 consortium is nationally focused on supporting scientific research in the public interest, collaborating on prioritized activities to reduce the cost of energy of offshore wind in the us while maximizing economic and social benefits for the public through innovations that reduce technical and supply chain barriers and build strong networks.

What it reported doing in 2024

The consortium worked on building support from private and public sources to chart a path that will sustain american leadership in offshore wind development through utilization of a market-pull approach; the consortium prioritizes research directly applicable to the technical barriers that offshore wind and transmission developers, oem and supply chain partners face. The consortium is working to deliver technical solutions to reduce the lcoe for u.s. Offshore wind plants and increase opportunities for u.s. Manufacturing.

Operating model

Revenue model
Grant-funded. 93% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.5%; rating input score 90
  • Program expense ratio: 93.6%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 15.4%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 29.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 31.6% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 27.7% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 90.5% of revenue deployed · 93.6% of spending went to programs
  • Governance: 24 of 24 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6.6M in reported program spending
  • Leadership: top reported pay $346K · 30 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.