Foundation for Renewable Energy and the Environment (EIN 274704700) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

Dr John Byrne

Phone

2127058758

Tax Period

2023-01-01 to 2023-12-31

Foundation for Renewable Energy and the Environment, founded in 2011, is a small nonprofit in the Environment sector that reported $468K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION FOR RENEWABLE ENERGY AND THE ENVIRONMENT (FREE) IS A NONPROFIT, INTERNATIONAL EDUCATIONAL AND ADVISORY ENVIRONMENTAL ORGANIZATION ESTABLISHED TO PROMOTE A BETTER FUTURE BASED ON ENERGY, WATER, AND MATERIALS CONSERVATION, RENEWABLE ENERGY USE, ENVIRONMENTAL RESILIENCE, AND SUSTAINABLE LIVELIHOODS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $357,845

Program Service Revenue $109,826

Investment Income $0

Other Revenue $0

TOTAL REVENUE $467,671

Expense Breakdown

Grants Paid $135,008

Salaries & Benefits $217,548

Fundraising Expenses $0

Program Expenses $455,417

Other Expenses $146,553

TOTAL EXPENSES $499,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$467,671	$645,170	-0.3%
Expenses	$499,109	$474,054	+0.1%
Net Income	$-31,438	$171,116	-1.2%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

Employees

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
Dr John Byrne	President	4.00	Officer Director	$0	$0	$0
Johan Eliasch	Board Member	1.00	Director	$0	$0	$0
Tony Clifford	Board Member	1.00	Director	$0	$0	$0
Dr Renosi Mokate	Board Member	1.00	Director	$0	$0	$0
David Byrne	Board Member	1.00	Director	$0	$0	$0
William Latham	Board Member	1.00	Director	$0	$0	$0
Soha Nashaat	Board Member	1.00	Director	$0	$0	$0
Karice Redhead	Board Member	1.00	Director	$0	$0	$0
Chandrasekar Govindarajalu	Board Member	1.00	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
2023	$467,671	$499,109	$710,258	$-31,438
2022	$645,170	$474,054	$699,053	$171,116
2021	$555,306	$399,229	$522,599	$156,077
2020	$535,057	$342,047	$346,852	$193,010

Foundation for Renewable Energy and the Environment