AHEAD ENERGY CORPORATION

EIN: 223018053 501(c)(3)

Rochester, NY

Total Revenue
$13,286
Total Expenses
$21,507
Total Assets
$630,715
Net Assets
$410,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NY
Principal Officer
Malcolm James Grieve
Phone
5857496132
Tax Period
2024-06-01 to 2025-05-31

AHEAD ENERGY CORPORATION, founded in 1988, is a micro nonprofit that reported $13K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 62% operating deficit.

Mission

AHEAD Energy is focused on R&D, development and demonstration of resilient energy systems for remote/off-grid areas. AHEAD was formed in 1988 to consult on and implement energy systems in underserved, off-grid areas of Africa. We now have a more global focus, related to the transition to renewables, hydrogen/fuel cells (including renewable hydrogen carriers such as methanol and ammonia), plus other forms of storage including batteries and thermal energy storage. AHEAD previously owned and continues to support a unique multi-user facility in Rochester, NY - which is affiliated with Alfred University. AHEAD's work remains relevant to developing countries, but the technologies have potential application in remote areas in the USA and many other countries. AHEAD is planning to use its resources to fund projects for demonstration of microgrid sites, which include cost-effective thermal solutions for areas such as frozen food storage, refrigeration, high-efficiency HVAC and humidity control.

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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 $0
Program Service Revenue $0
Investment Income $13,286
Other Revenue $0
TOTAL REVENUE $13,286

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,507
Other Expenses $21,507
TOTAL EXPENSES $21,507

Year-over-Year Comparison

2024 2023 Change
Revenue $13,286 $189,593 -0.9%
Expenses $21,507 $179,898 -0.9%
Net Income $-8,221 $9,695 -1.8%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Malcolm Grieve Chairman and Acting Treasurer 10
Officer Director
$0 $0 $0
Manfred Niethammer Vice Chairman 2
Officer Director
$0 $0 $0
David Johnston Director 2
Director
$0 $0 $0
Colonel Johann Clendenin Director 2
Director
$0 $0 $0
Paul Jordan Director 2
Director
$0 $0 $0
Professor Tom Zawodzinski Director 5
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
2025 $13,286 $21,507 $630,715 $-8,221
2024 $189,593 $179,898 $1,128,096 $9,695
2023 $460,888 $212,820 $1,619,039 $248,068
2022 $485,839 $331,484 $1,383,975 $154,355
2021 $177,527 $237,944 $1,064,924 $-60,417
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