Trusted Computing Group C/o Vital Technical Marketing Inc
Nonprofit profile at a glance
- EIN
- 510447137
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Beaverton, OR, USA
- Phone
- 5036190562
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $1,382,489
- Expenses
- $1,544,579
- Assets
- $3,061,102
- Liabilities
- $1,054,409
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- JOE PENNISI (PRESIDENT)
People named in this filing
- JOE PENNISI (PRESIDENT)
- RICK MARTINEZ (VICE PRESIDE)
- SILVIU VLASCEANU (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Organization's purposes are for the development, definition and promotion of hardware-enabled trusted computing and security technology, including related hardware and related software components, across multiple platforms, peripherals and devices. This will be accomplished by defining the technical requirements or hardware-enabled trusted computing and security technology through developed specifications, producing and enforcing product certification criteria, and executing marketing programs, as appropriate.
What it reported doing in 2024
Tcg runs marketing events that assist member companies in communicating tcg specifications and achievements. The program encourages tcg members to take part in promotional activities and tradeshows.
Operating model
- Revenue model
- Earned-program. 92% 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
REVIEW - Most voting board members are independent and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 50
- Accountability: 64
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.7%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 1.98; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 0% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 0.1% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 16 of 16 board members independent · 1 of 7 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $0 · 16 people listed
- Highest-paid contractors: 1 contractor listed · $782K reported
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes foreign activity
- Filing history: 7 filing years from 2018 to 2024
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Operating margin scored 15/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 22/100.