Powerconference Inc

Nonprofit profile at a glance

EIN
815121935
IRS 990-EZ coverage
2017–2018
Forms available
Form 990-EZ 2018
Location
New York, NY, USA
Phone
2122676500
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$151,500
Expenses
$105,368
Assets
$69,350

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • STEVE GREGOIRE (PRESIDENT)

People named in this filing

  • STEVE GREGOIRE (PRESIDENT)
  • SEAN C SICA (TREASURER)
  • ELIZABETH PETERSEN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Powerconference, inc is an organization dedicated to the promotion of knowledge and training of insurance professionals in cutting edge and emerging issues relating to the power industry. Powerconference, inc organizes conferences that includes professionals and experts in the power industry that offers insight and knowledge to assist in underwriting risks, loss mitigation, and handling complex and dynamic claims in this field. Powerconference, inc offers continuing education for insurance professionals. Powerconference, inc. Is run by a group of volunteers in the insurance industry that dedicate their time to advancing technical knowledge relating to insurance and the power industry in order to strengthen and enhance the community.

What it reported doing in 2018

In 2018, powerconference, inc. Organized a 1 day conference in New York city which was attended by over 300 professionals from various disciplines in the energy and insurance industry. A broad spectrum of industry experts spoke on a vairety of topics relating to current and emerging trends in the energy sector and insurance topics. The purpose of the conference was to help promote awareness, education and technical information in order to further enhance the claims handling, risk managment, and loss mitigation startegies of insurance and industry professionals. The 2018 program content was approved for 7 hours of continuing education credits (ce) by the states of Delaware, Georgia, Indiana, New York, Oklahoma, and Texas.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 63
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 30.5%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 0.66; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.1% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 99.7% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2017 to 2018
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.