THE ENERGY INDUSTRIES OF OHIO

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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

2000

Legal Domicile

Principal Officer

EDWARD J GALASKA

Phone

2167718038

Tax Period

2023-01-01 to 2023-12-31

Mission

TO DEVELOP, DEMONSTRATE, AND INCUBATE TECHNOLOGIES THAT WILL IMPROVE THE COMPETITIVENESS OF OHIO INDUSTRIES THEOUGH INCREASED ENERGY EFFICIENCY REDUCED OPERATING COSTS AND IMPROVED ENVIRONMENTAL PERFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $390,329

CARRYING OUT OUR MISSION THROUGH FACILITATING TEAM BUILDING AMONG EXISTING PUBLIC AND PRIVATE INSTITUTIONS AS WELL AS STATE AND FEDERAL ORGANIZATIONS, COLLECTIVELY SECURING FUNDS FOR DEVELOPMENT...

CARRYING OUT OUR MISSION THROUGH FACILITATING TEAM BUILDING AMONG EXISTING PUBLIC AND PRIVATE INSTITUTIONS AS WELL AS STATE AND FEDERAL ORGANIZATIONS, COLLECTIVELY SECURING FUNDS FOR DEVELOPMENT PROJECTS. DEVELOPING NEW TECHNOLOGIES IN COOPERATION WITH COLLEGES, UNIVERSITIES, OHIO EDISON PROGRAMS AND NATIONAL LABORATORIES, DEMONSTRATING AND INCUBATING NEW TECHNOLOGIES FOE COMMERCIALIZATION, AND OFFERING TRAINING AND EDUCATION BOTH DIRECTLY AND THROUGH OUR UNIVERSITY AND COLLEGE PARTNERSHIPS FOR NEW AND EXISTING TECHNOLOGIES.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $535,162

Fundraising Expenses $0

Program Expenses $390,329

Other Expenses $89,072

TOTAL EXPENSES $624,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$2,031,210	-1.0%
Expenses	$624,234	$2,177,453	-0.7%
Net Income	N/A	$-146,243	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

Governance

Voting Members

Independent Members

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

$434,382

Total Directors

$208,943

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD J GALASKA	SECRETARY AND TREASURER	050.00	Officer	$175,530	$49,909	$225,439
ROBERT PURGERT	PRESIDENT	040.00	Officer Director	$164,000	$44,943	$208,943
RAM NARULA	TRUSTEE	001.00	Director	$0	$0	$0
NICK GATTOZZI	TRUSTEE	001.00	Director	$0	$0	$0
ROBERT DZUGAN	TRUSTEE	001.00	Director	$0	$0	$0
CHARLES HESSE	TRUSTEE	001.00	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	No data	$624,234	No data	No data
2022	$2,031,210	$2,177,453	$624,234	$-146,243
2021	$4,328,724	$4,136,715	$770,477	$192,009
2020	$3,293,106	$3,299,662	$578,468	$-6,556