Energy Trust of Oregon Inc

“Form 990 content and financial information is developed by accounting personnel and reviewed by the chief financial officer. It is reviewed in full when a draft is available from outside accountants. A copy of the draft form 990 is distributed to the entire board of directors for their review and discussion before filing.”

“Annually, all directors and management team members disclose in writing to the president, the other directors and the opuc (oregon public utility commission), on such forms and in such formats established by the directors and the opuc, any relationships that may be deemed a "direct or indirect conflict of interest," as defined by state law and in our conflict of interest policy and as may be amended and interpreted from time to time. Any such disclosure shall be duly recorded in the minutes. If the member makes full disclosure of the nature and details of the conflict, the member may thereafter engage in any discussion on the matter and may vote, unless the board of directors believes that the nature and extent of the conflict of interest warrants the director's exclusion from either or both the discussion and vote. If the member does not make full disclosure, he or she thereafter must leave the meeting room during any discussion or vote on the matter. The organization ensures that each director and employee has filed a disclosure form annually. Any director who fails to comply with disclosure requirements may be removed by the oregon public utility commission.”

“Energy trust strives to compensate employees in a manner that provides a competitive advantage in attracting and retaining extraordinarily talented individuals. Energy trust encourages and rewards high performing individuals who excel in their position and therefore contribute to the company's success. To keep the compensation program targeted to the market trend, human resources will annually review the compensation program overall, perform particular job analysis as needed, and then every two-three years perform a comprehensive review of the entire salary structure with the assistance of a professional compensation specialist. An employee's base compensation is determined by various components: job skills, experience, performance in the job, comparable worth of the position within the company, general market and geographic location. Energy trust will continue to exercise considerable judgment and interpretation in our use of this data. Energy trust generally has an annual review and merit process for performance evaluation and salary planning. It is the mechanism used by management to increase base salary to appropriately reward employees for their job performance. The board of directors of energy trust annually appoints an executive director review committee, whose members are charged with the responsibility of reviewing the performance of the executive director and recommending any merit increase. This committee is composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. When the executive director review committee is considering compensation to the executive director, it also relies on the comparability data described above that demonstrates the fair market value of the compensation in question. Any merit increase recommended by the executive director review committee is voted on by the board of directors in public. The last executive director merit increase was approved by the board of directors on april 17, 2024 and made effective january 1, 2024.”

“Energy trust makes its governing documents, conflict of interest policy and financial statements available to the public upon request and on its website: www.energytrust.org.”

“Program delivery subcontracts: program service expenses 82,851,950. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,851,950. Agency contractor services: program service expenses 489,437. Management and general expenses 932,906. Fundraising expenses 0. Total expenses 1,422,343. Other professional services: program service expenses 7,681,844. Management and general expenses 1,052,648. Fundraising expenses 0. Total expenses 8,734,492.”