HEAT EXCHANGE INSTITUTE INC (EIN 131657908) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1942

Legal Domicile

Principal Officer

RANGA NADIG

Phone

2162417333

Tax Period

2023-01-01 to 2023-12-31

HEAT EXCHANGE INSTITUTE INC, founded in 1942, is a small nonprofit that reported $191K in total revenue in fiscal year 2023.

Mission

SEE PART III, #1

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $124,000

Program Service Revenue $10,025

Investment Income $582

Other Revenue $56,124

TOTAL REVENUE $190,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $204,585

TOTAL EXPENSES $204,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,731	$184,332	+0.0%
Expenses	$204,585	$233,690	-0.1%
Net Income	$-13,854	$-49,358	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AKHILESH BAPAT	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG BRUCKER	DIRECTOR	0.50	Director	$0	$0	$0
FRANK COSKEY	DIRECTOR	0.50	Director	$0	$0	$0
GEOFF GREENBERG	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ANDREAS KOBUS	DIRECTOR	0.50	Director	$0	$0	$0
MIKE KOONTZ	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS MULDOON	DIRECTOR	0.50	Director	$0	$0	$0
RANGA NADIG	PRESIDENT	0.50	Officer Director	$0	$0	$0
ROB PETRICK	DIRECTOR	0.50	Director	$0	$0	$0
GORDON RASMUSSEN	DIRECTOR	0.50	Director	$0	$0	$0
PHILIP REYNOLDS	DIRECTOR	0.50	Director	$0	$0	$0
CHERYL SHOEMAKER	DIRECTOR	0.50	Director	$0	$0	$0
DOUG STINSON	DIRECTOR	0.50	Director	$0	$0	$0
RALPH WYNDRUM	DIRECTOR	0.50	Director	$0	$0	$0
JAKE YOUNG	DIRECTOR	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$190,731	$204,585	$103,844	$-13,854
2022	$184,332	$233,690	$133,438	$-49,358
2021	$181,282	$221,422	$262,052	$-40,140
2020	$188,671	$182,633	$268,813	$6,038
2019	$242,505	$242,159	$253,932	$346
2018	$265,339	$233,967	$256,238	$31,372

HEAT EXCHANGE INSTITUTE INC