Peak Reliability
- Assets
- $0.0
- Revenue
- $48.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 03/2016
- Data as of
- 12/2020
- EIN
- 46-3889916
Organization Overview
Peak Reliability is located in Vancouver, WA. The organization was established in 2016. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. Peak Reliability is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Peak Reliability generated $48.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (68.0%) each year. All expenses for the organization totaled $26.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MONITORING THE RELIABILITY OF THE WESTERN ELECTRIC GRID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEAK RELIABILITY'S COORDINATION OFFICES PROVIDED SITUATIONAL AWARENESS AND REAL-TIME MONITORING OF THE RELIABILITY COORDINATOR AREA WITHIN THE WESTERN INTERCONNECTION PRIOR TO LIQUIDATION IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Procario Chair | OfficerTrustee | 8 | $102,000 |
Thomas B King Vice Chair | OfficerTrustee | 8 | $95,000 |
B Timothy Gage Director | Trustee | 8 | $95,000 |
Mercedes Walton Director | Trustee | 8 | $95,000 |
F John Meyer Director | Trustee | 8 | $90,000 |
Brian Silverstein Director | Trustee | 8 | $90,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grid Sme Consulting | 12/30/19 | $381,789 |
Utilicast Llc Consulting | 12/30/19 | $179,966 |
Prositions Inc Consulting | 12/30/19 | $170,954 |
Allied Universal Security Services Consulting | 12/30/19 | $175,448 |
Stoel Rives Legal Services | 12/30/19 | $105,142 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $35,150 |
| Investment income | $13,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,127,394 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,633,330 |
| Compensation of current officers, directors, key employees. | $757,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,250,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,365 |
| Payroll taxes | $549,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,199 |
| Fees for services: Accounting | $52,848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,340,679 |
| Advertising and promotion | $0 |
| Office expenses | $139,963 |
| Information technology | $256,994 |
| Royalties | $0 |
| Occupancy | $11,702 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $67,331 |
| All other expenses | $0 |
| Total functional expenses | $26,527,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |