AHEAD ENERGY CORPORATION

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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

1988

Legal Domicile

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 efficient, resilient, fuel-flexible microgrid solutions. AHEAD was founded in 1988 to consult and implement energy systems in off-grid, underserved areas, particularly in Africa. We now have a more global focus, and our vision can also be applied to remote areas of the USA and other developed countries. AHEAD participates in the operation of a unique, multi-user facility in Rochester, NY, which is a Start Up NY facility affiliated with Alfred University.

Program Service Accomplishments

Program 1

Expenses: $15,573 Revenue: $13,286

Continued to work with new landlord to promote the Metro Park facility as an economic development asset in the Rochester, NY area for energy-related R&D, system integration, and commercialization...

Continued to work with new landlord to promote the Metro Park facility as an economic development asset in the Rochester, NY area for energy-related R&D, system integration, and commercialization. Using assets to form the basis of a not-for-profit financing solution, which is being planned to support projects in schools, churches, low-income housing and similar facilities.

Program 2

Expenses: $3,663 Revenue: $0

Supported engineering study of Metro Park site for a proposed a hybrid geothermal HVAC upgrade, including multi-source heat pumps and thermal energy storage.

Program 3

Expenses: $2,271 Revenue: $0

Member and board participation in the Ammonia Energy Association, a group which is supporting the use of ammonia as a carbon-free energy carrier made from natural gas, coal, or other inputs. Ammonia stores and handles like propane, and is an attractive future energy carrier, particular for remote areas without access to pipeline natural gas or grid electricity. This can be very attractive for remote areas, such as areas of Alaska, where fly-in diesel fuel is the current fuel source for local electric power generation.

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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 (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

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

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

Total Directors

Key Employees

Highest Compensated

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