Society of Utility and Regulatory Financial Analysts Inc
Nonprofit profile at a glance
- EIN
- 521084765
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Wethersfield, CT, USA
- Phone
- 8607946147
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $75,708
- Expenses
- $73,992
- Assets
- $93,711
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- Geoffrey Rush (President)
- Emilly Sears (Vice President)
People named in this filing
- Geoffrey Rush (President)
- Rita Scuris (Secretary/Treasurer)
- Emilly Sears (Vice President)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Professional organization for Utility and Regulatory finance field. Primary function is to provide an annual training forum to the membership. The SURFA Board of Directors and leadership is comprised of volunteers from the membership. The SURFA Annual Forum includes the Cost of Capitol Workshop (Tuesday) and Forum (Thurs-Fri) with guest speakers set up in various topical panels. We also provide a professional designation-The Certified Rate of Return Analyst (CRRA) certification offered in-person on Wednesday during the Forum week. The Forum, workshop and exam are held in a national hotel which also includes sit down lunch and dinner with guest speakers, breaks with snacks, and educational tour. Membership of 157 in TY 2025. For the 2025 Financial Forum: 134 attended, 9 took the CRRA Exam, 17 attended the Workshop. During the year, we provide on-line training with quarterly webinars available free for members and modest fee to non-members.
What it reported doing in 2025
Administered Annual Certified Rate of Return Analyst Exam on April 23, 2025 in Charlotte, NC. Exam held at Embassy Suites Hotel Charlotte NC. CRRA Exam's expenses are included in total conference hotel's expense.
Operating model
- Revenue model
- Earned-program. 73% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 48
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.8%; rating input score 96
- Program expense ratio: 98%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 2.3%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 1.27; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -3.9% per year; rating input score 0; 38th percentile among comparable filings
- Revenue growth: 15% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 95.8% of revenue deployed · 98% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 5 filed program accomplishments · $73K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Officer compensation ratio scored 11/100.