ASSOCIATION FOR ENERGY AFFORDABILITY INC

EIN: 133374285 501(c)(3)

BRONX, NY

Total Revenue
$28,483,821
Total Expenses
$28,814,276
Total Assets
$25,519,205
Net Assets
$4,754,828
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
PETER S HOYLE
Phone
2122794307
Tax Period
2024-01-01 to 2024-12-31

ASSOCIATION FOR ENERGY AFFORDABILITY INC, founded in 1992, is a mid-sized nonprofit that reported $28.5M in total revenue in fiscal year 2024.

Mission

AEA'S MISSION IS TO PROMOTE ENERGY AFFORDABILITY THROUGH ENERGY EFFICIENCY IN NEW AND EXISTING BUILDINGS. AEA PROVIDES TRAINING AND TECHNICAL SERVICES IN SUPPORT OF NONPROFIT COMMUNITY BASED ORGANIZATIONS, WHICH PROVIDE LOW INCOME WEATHERIZATION AND ENERGY EFFICIENCY PROGRAM SERVICES, IN NEW YORK AND CALIFORNIA. AEA IS ALSO A DIRECT WEATHERIZATION AND ENERGY EFFICIENCY SERVICES PROVIDER IN NEW YORK. IN ADDITION, AEA IS A PROGRAM IMPLEMENTER, TECHNICAL SERVICES PROVIDER SOLUTIONS PARTNER IN VARIOUS GOVERNMENT AND UTILITY ENERGY EFFICIENCY PROGRAMS IN NEW YORK AND CALIFORNIA. AEA ENGAGES IN THESE BROAD RANGE OF EDUCATIONAL, TECHNICAL AND ENERGY EFFICIENCY MANAGEMENT SERVICES TO ACHIEVE THIS MISSION OF MAKING ENERGY AFFORDABILITY A REALITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,818,516
Program Service Revenue $12,590,597
Investment Income $7,863
Other Revenue $66,845
TOTAL REVENUE $28,483,821

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,660,577
Fundraising Expenses $0
Program Expenses $26,742,741
Other Expenses $14,153,699
TOTAL EXPENSES $28,814,276

Year-over-Year Comparison

2024 2023 Change
Revenue $28,483,821 $27,611,484 +0.0%
Expenses $28,814,276 $27,127,343 +0.1%
Net Income $-330,455 $484,141 -1.7%
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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Governance

Voting Members
5
Independent Members
5
Employees
149
Volunteers
5

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
5
$376,449
Total Directors
5
$0
Key Employees
1
$297,771
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL REIBER SECRETARY / TREASURER 0.50
Officer Director
$0 $0 $0
DIRK FIELDS DIRECTOR 0.50
Director
$0 $0 $0
GARY BROWN VICE CHAIR 0.50
Officer Director
$0 $0 $0
JOSEPH BARDEN CHAIRMAN 1.00
Officer Director
$0 $0 $0
LILIANA BURITICA DIRECTOR 0.50
Director
$0 $0 $0
PETER S HOYLE EXECUTIVE DIRECTOR 35.00
Officer
$264,335 $43,314 $307,649
LAURA PEROZO GARCIA CFO 35.00
Officer
$63,706 $5,094 $68,800
ANDREW BROOKS SR. DIRECTOR, AEA WEST 35.00
Key Emp
$254,212 $43,559 $297,771
ADAM ROMANO SR. DIRECTOR, WORKFORCE DEVELOPMENT 35.00
Highest
$169,388 $31,954 $201,342
AMY DRYDEN DIRECTOR OF STRATEGIC INNOVATIONS 35.00
Highest
$174,073 $28,467 $202,540
ASIT PATEL SENIOR DIRECTOR, TECHNICAL 35.00
Highest
$194,260 $46,287 $240,547
FRANCIS RODRIGUEZ DIRECTOR-WEATHERIZATION 35.00
Highest
$174,891 $51,571 $226,462
NICHOLAS DIRR SR. DIRECTOR, PROGRAMS 35.00
Highest
$212,007 $55,914 $267,921
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 $28,483,821 $28,814,276 $25,519,205 $-330,455
2023 $27,611,484 $27,127,343 $27,528,703 $484,141
2022 $27,867,301 $26,037,128 $27,117,688 $1,830,173
2021 $16,696,902 $14,814,346 $8,796,586 $1,882,556
2020 $12,956,773 $12,336,834 $7,526,841 $619,939
2019 $14,285,535 $12,596,131 $7,925,851 $1,689,404
2018 $12,569,222 $14,275,199 $5,793,482 $-1,705,977
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