Association of Energy Services Pro… - Form 990 Financial Data

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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

1989

Legal Domicile

Phone

4807045900

Tax Period

2023-01-01 to 2023-12-31

Association of Energy Services Professionals, founded in 1989, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

AESP provides training and information on energy efficiency energy management and renewable resources through education conferences webinars and publications.

Program Service Accomplishments

Program 1

Expenses: $2,851,581 Revenue: $0

In 2023 AESP continued to bounce back from the COVID-19 downturn but remained affected by financial constraints due to inflation and members limited travel budgets. 2023 was the third year of...

In 2023 AESP continued to bounce back from the COVID-19 downturn but remained affected by financial constraints due to inflation and members limited travel budgets. 2023 was the third year of implementation of AESPs three-year strategic plan. It focused heavily on new member recruitment better integration of Chapters continued implementation of new DEI efforts and improvements to our content management processes. Highlights of progress include growing AESPs membership roster by 20% to nearly 5,000 members launching a new grant-funded free training program focused on demand flexibility launching a new DEI scholarship program and organization-wide DEI scorecard and creating a new Women in Energy special interest group.

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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 $419,817

Program Service Revenue $2,515,098

Investment Income $106,987

Other Revenue $20,870

TOTAL REVENUE $3,062,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,340,813

Fundraising Expenses $249,305

Program Expenses $2,851,581

Other Expenses $2,128,248

TOTAL EXPENSES $3,469,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,062,772	$2,211,161	+0.4%
Expenses	$3,469,061	$2,623,406	+0.3%
Net Income	$-406,289	$-412,245	0.0%

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

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

$543,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Szaro	President CEO	40.00	Officer	$225,413	$27,223	$252,636
Alvis Wright	Director	1.00	Director	$0	$0	$0
Antonia Ornelas	Director	1.00	Director	$0	$0	$0
Art Christianson	Director	1.00	Director	$0	$0	$0
Paul Douglas	Director	1.00	Director	$0	$0	$0
Deb Dynako	Director	1.00	Director	$0	$0	$0
Brett Feldman	Director	1.00	Director	$0	$0	$0
Elizabeth Freeman	Director	1.00	Director	$0	$0	$0
Jeff Brown	Director	1.00	Director	$0	$0	$0
Katie Falk	Director	1.00	Director	$0	$0	$0
Knox Cameron	Director	1.00	Director	$0	$0	$0
Derek Okada	Director	1.00	Director	$0	$0	$0
Laura Orfanedes	Director	1.00	Director	$0	$0	$0
Sue Hanson	Director	1.00	Director	$0	$0	$0
Scott Alan Davis	Director	1.00	Director	$0	$0	$0
Quinn Parker	Director	1.00	Director	$0	$0	$0
Pamela Fann	Director	1.00	Director	$0	$0	$0
Liz Haworth	Director	1.00	Director	$0	$0	$0
Laura Schauer	Director	1.00	Director	$0	$0	$0
Jenny Senff	Vice President	40.00	Officer	$133,098	$11,921	$145,019
Ashley Smith	Vice President	40.00	Officer	$136,344	$9,688	$146,032

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	$3,062,772	$3,469,061	$1,860,789	$-406,289
2022	$2,211,161	$2,623,406	$2,295,971	$-412,245
2021	$1,527,113	$1,893,471	$3,026,296	$-366,358
2021	$1,460,175	$1,909,860	$3,006,078	$-449,685
2020	$2,039,470	$2,477,203	$3,240,156	$-437,733
2019	$2,714,732	$2,708,802	$3,897,939	$5,930
2018	$2,698,038	$2,643,147	$3,960,622	$54,891

Association of Energy Services Professionals