Future of Heat Institute Inc

EIN: 334738765 501(c)(3) Environment

Cambridge, MA

Total Revenue
$1,203,546
Total Expenses
$448,584
Total Assets
$878,201
Net Assets
$754,962
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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
2025
Legal Domicile
MA
Principal Officer
Mike Bloomberg
Phone
2022709506
Tax Period
2025-01-01 to 2025-12-31

Future of Heat Institute Inc, founded in 2025, is a community nonprofit in the Environment sector that reported $1.2M in total revenue in fiscal year 2025. The organization ran a surplus of $755K, a strong 63% operating margin.

Mission

The Future of Heat Institute Inc. exists to advance a clean affordable and reliable future of heat by conducting and disseminating nonpartisan research and educational materials. The Institute produces original analysis data-driven reports and public education materials to inform state utility regulators policymakers and the general public about energy system challenges and opportunities. Through public forums written publications and digital communications the Organization seeks to improve public understanding of gas system planning energy affordability and decarbonization technologies.

Program Service Accomplishments

Program 1
Expenses: $248,886 Revenue: $0

Gas affordability research

Program 2
Expenses: $41,721 Revenue: $0

Education and collaboration on labor impacts of gas policies

Program 3
Expenses: $126,601 Revenue: $0

Research and writing on changing utility regulatory paradigm

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,200,000
Program Service Revenue $3,046
Investment Income $0
Other Revenue $500
TOTAL REVENUE $1,203,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $374,957
Fundraising Expenses $11,179
Program Expenses $417,208
Other Expenses $73,627
TOTAL EXPENSES $448,584

Year-over-Year Comparison

2025 2024 Change
Revenue $1,203,546 N/A N/A
Expenses $448,584 N/A N/A
Net Income $754,962 $0 N/A
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

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Governance

Voting Members
2
Independent Members
1
Employees
6
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
$93,430
Total Directors
2
$93,430
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bruce E Biewald President and Director 5.00
Officer Director
$0 $0 $0
Michael E Bloomberg Executive Director and Treasurer 40.00
Officer Director
$85,500 $7,930 $93,430
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 $1,203,546 $448,584 $878,201 $754,962
2025 $1,203,546 $448,584 $878,201 $754,962
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