Nercomp Inc
Nonprofit profile at a glance
- EIN
- 042465851
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Glastonbury, CT, USA
- Phone
- 8603452081
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $1,151,467
- Expenses
- $1,138,990
- Assets
- $5,275,456
- Liabilities
- $167,850
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- LISA DIMAURO (EXECUTIVE DIRECTOR)
Highest reported compensation
- ANANDA JONES (DIR. OF STRATEGIC PARTNERSHIPS): $161,320 total reported compensation
- LISA DIMAURO (EXECUTIVE DIRECTOR): $158,284 total reported compensation
- DAVID BLEZARD (TREASURER): $500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nercomp cultivates inclusive communities of practice around information and technology, promotes strategic partnerships and innovation, and advances leadership and learning in educational institutions across the northeastern united states.
What it reported doing in 2024
Membership services - members of the corporation are state, municipal, or nonprofit institutions of higher education or corporations organized for educational, scientific or charitable purposes and recognized as tax-exempt within the meaning of section 501(c) the internal revenue code of 1986 of the united states ("code"). Employees of members participate in collaboration of events and opportunities including a variety of interest groups and online conferencing. Members have access to vendor licensing at reduced rates, a mentorship program and a place to post job opportunities. There are a total of 286 members.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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 - The filed numbers largely add up and most voting board members are independent. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 70
- Accountability: 95
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.1%; rating input score 63
- Program expense ratio: 70.4%; rating input score 70
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 62.6%; rating input score 63; 31st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.1%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 4.63; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 28.1%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 63.1% of revenue deployed · 70.4% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $802K in reported program spending
- Leadership: top reported pay $161K · 18 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $273K reported
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 8/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.