Institute of Gas Technology (EIN 362170137) - Form 990 Financial Analysis & Trantor Score

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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

1941

Legal Domicile

Principal Officer

Paula Gant

Phone

8477680500

Tax Period

2023-01-01 to 2023-12-31

Institute of Gas Technology, founded in 1941, is a major nonprofit in the Science & Technology sector that reported $118.0M in total revenue in fiscal year 2023.

Mission

GTI ENERGY solves important energy challenges worldwide, turning technology and insights into solutions that create exceptional value for our customers.

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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 $43,707,996

Program Service Revenue $63,569,039

Investment Income $3,060,368

Other Revenue $7,643,667

TOTAL REVENUE $117,981,070

Expense Breakdown

Grants Paid $80,500

Salaries & Benefits $51,949,535

Fundraising Expenses $0

Program Expenses $66,606,578

Other Expenses $65,185,285

TOTAL EXPENSES $117,215,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,981,070	$112,325,761	+0.1%
Expenses	$117,215,320	$119,493,329	0.0%
Net Income	$765,750	$-7,167,568	-1.1%

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

375

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

$3,285,842

Total Directors

Key Employees

$1,918,984

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DAVID C CARROLL	PRESIDENT & CEO - former	40.0		$1,621,582	$25,408	$1,646,990
MS PAULA A GANT	President & CEO	40.0	Officer	$1,073,872	$73,327	$1,147,199
MR JAMES F INGOLD	SVP of FINANCE, TREASURER, CFO	40.0	Officer	$641,681	$79,621	$721,302
MR QUINTON B FORD	SVP, Tech Dev, Gen Counsel, Co	40.0	Officer	$633,951	$76,271	$710,222
MR RONALD N SNEDIC	SVP, CORPORATE DEVELOPMENT	40.0	Officer	$622,246	$84,873	$707,119
MR MICHAEL A RUTKOWSKI	Officer - Former	40.0		$554,694	$0	$554,694
MR DONALD STEVENSON	VP, Carbon MGMT & Conv	40.0	Key Emp	$311,403	$84,855	$396,258
MR DUNCAN ROBINSON	VP, COMMERCIALIZATION	40.0	Highest	$317,558	$75,371	$392,929
MR RICHARD KAELIN	VP, GOVERMENT Services	40.0	Highest	$318,630	$72,326	$390,956
MR ANTHONY H EASTLAND	Senior DIRECTOR, R&D	40.0	Highest	$289,658	$80,464	$370,122
MR JOHN L MARION	Senior Director, Programs	40.0	Highest	$296,395	$56,597	$352,992
MR SEYMOUR KHALILOV	MD, Strategy & Bus Planning	40.0	Highest	$281,197	$68,085	$349,282
MS KRISTINEMILA WILEY	VP, Low Carbon Energy	40.0	Key Emp	$295,360	$31,245	$326,605
MR ANTHONY T LINDSAY	MD, Infrastructure	40.0	Key Emp	$260,848	$63,073	$323,921
MR PAUL E GLANVILLE	Senior DIRECTOR, R&D	40.0	Key Emp	$248,512	$66,496	$315,008
MR WILLIAM W FOLLETT IV	Program Director, SCO2	40.0	Key Emp	$260,781	$39,041	$299,822
MR ZAHER EL ZAHAB	Program Manager, Gasification	40.0	Key Emp	$204,615	$52,755	$257,370
MR ARTHUR CORBIN	DIRECTOR	0.87	Director	$0	$0	$0
MS REBECCA RANICH	CHAIR	0.95	Director	$0	$0	$0
MR DAVID F SMITH	DIRECTOR	0.41	Director	$0	$0	$0
MR JOHN W SOMERHALDER II	DIRECTOR	0.83	Director	$0	$0	$0
MS LORI TRAWEEK	DIRECTOR	0.68	Director	$0	$0	$0
MR NICK STAVROPOULOS	VICE CHAIR	0.83	Director	$0	$0	$0
MR CARLOS CABRERA	DIRECTOR	0.41	Director	$0	$0	$0
MR MICHAEL WEBBER	DIRECTOR	0.41	Director	$0	$0	$0
MR SCOTT DRURY	Director	0.41	Director	$0	$0	$0
MS LAUREN RILEY	DIRECTOR	0.41	Director	$0	$0	$0
MR SUMEET SINGH	director	0.41	Director	$0	$0	$0
MS TINA FARACA	Director	0.25	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
2024	No data	No data	No data	No data
2023	$117,981,070	$117,215,320	$151,389,687	$765,750
2022	$112,325,761	$119,493,329	$146,565,519	$-7,167,568
2021	$107,541,251	$107,706,663	$157,058,271	$-165,412
2020	$96,238,152	$103,085,037	$148,708,489	$-6,846,885
2019	$133,243,466	$130,877,670	$146,392,354	$2,365,796
2018	$104,775,685	$106,613,335	$126,679,676	$-1,837,650

Institute of Gas Technology