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Environment & Animals · 2023 Form 990

Serc Reliability Corporation: $33.2M Revenue, $28.9M Expenses

Charlotte, North Carolina · EIN 203311003 · Filing year 2023

Serc Reliability Corporation reported $33.2M in total revenue, $28.9M in total expenses, and $21.7M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $3.0M (8.93% of revenue). NonprofitTruth efficiency grade: C (63/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
63/100

Key Facts (2023 Form 990)

Total Revenue
$33.2M
Total Expenses
$28.9M
Total Assets
$21.7M
Reserve Months
9.0 months
Surplus / (Deficit)
$4.2M
EIN
203311003
Latest 990 Year
2023
Current-Officer Compensation
$3.0M
Officer Comp % of Revenue
8.93%

The composite efficiency score of 63/100 puts Serc Reliability Corporation at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).

At $33.2M in 2023 revenue, Serc Reliability Corporation sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. On the reserves factor, Serc Reliability Corporation scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Serc Reliability Corporation reported $33.2M in 2023, up notably from the start of the window. Officer compensation runs notably high relative to organizational size: $3.0M against $33.2M in revenue. This is one of the factors driving the efficiency grade down on the rubric. Serc Reliability Corporation works in Environment & Animals — environmental, conservation, animal-welfare, and natural-resources programs. The sector spans large international conservation groups and small local land trusts; the financial profile varies accordingly.


$33.2M
Revenue
$28.9M
Expenses
$21.7M
Total Assets
$3.0M
Officer Compensation

How Serc Reliability Corporation Compares

Serc Reliability Corporation earns a NonprofitTruth efficiency grade of C (63/100). That is 0 points above the Environment & Animals category average. Compensation for current officers and key employees represents 8.93% of total revenue. The organization holds 9.0 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$28.9M
Total Expenses
Filing year 2023
$3.0M
Officer Compensation
8.93% of revenue
9.0 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Serc Reliability Corporation reported $33.2M in revenue against $28.9M in total functional expenses for filing year 2023, holding roughly 9.0 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $3.0M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 8.93% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Serc Reliability Corporation has a NonprofitTruth Efficiency Score of C (63/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Serc Reliability Corporation, Donor FAQ

Serc Reliability Corporation has a NonprofitTruth Efficiency Score of C (63/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Serc Reliability Corporation reports $3.0M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 8.93% of the organization's $33.2M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Serc Reliability Corporation reported $33.2M in annual revenue and $28.9M in total expenses for filing year 2023. The organization holds $21.7M in total assets.

Serc Reliability Corporation holds approximately 9.0 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Serc Reliability Corporation is a registered 501(c) organization with EIN 203311003, based in Charlotte, North Carolina. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.