Grand Forks, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Energy and Environmental Research Center Foundation, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 9% surplus.
To promote, encourage, and foster the education and training services, scientific investigations, technology development, technology commercialization, and other related services of UND's Energy & Environmental Research Center, Grand Forks, North Dakota.
The EERC Foundation provides a dedicated infrastructure to support commercialization activities and houses the rights to technologies developed by the EERC. Through two decades of experience meeting...
The EERC Foundation provides a dedicated infrastructure to support commercialization activities and houses the rights to technologies developed by the EERC. Through two decades of experience meeting a wide variety of unique client needs, the EERC Foundation has developed highly flexible and innovative approaches to a variety of business arrangements. These include tailored licensing and equity agreements that support the client's achieving a competitive edge.The EERC and its partner, the EERC Foundation, are committed to commercialization. Spin-off businesses and high-tech and manufacturing jobs that pay well are some of the many fruits of successful commercialization efforts. The potential benefits of effective commercialization of EERC-developed technologies are enormous.Commercialization also secures work at the EERC through development contracts as well as by providing funding to assist in the development of commercially viable technology. The EERC Foundation investing cash in the EERC creates a virtuous cycle of economic growth. Equally important is the EERC Foundation's role in providing incentives for innovative work at the EERC. Under the State Board of Higher Education policy, inventors in a commercialized technology receive at least 30% of the net commercialization income.In essence, the EERC Foundation supports the EERC market-driven business model of a timely and seamless transition between the creation of the technology and its commercialization that leads to economic development. The EERC Foundation acts as the EERC's "commercialization catalyst."As of fiscal year end June 30, 2025, the EERC Foundation has 27 active, issued US patents and 5 patents pending.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,670,989 | $7,886,097 | +0.1% |
| Expenses | $7,885,216 | $7,425,414 | +0.1% |
| Net Income | $785,773 | $460,683 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Charles Gorecki | President and CEO | 1.00 |
Officer
Director
|
$0 | $69,770 | $461,268 |
| David Straley | Chair | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Kathleen Neset | Vice Chair | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| DeAnna Carlson Zink | Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Jeff Hume | Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Chuck McConnell | Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Robert McLennan | Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Mike Nasi | Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Shannon Angielski | Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Karla Mongeon-Stewart | Member | 0.50 |
Director
|
$0 | $71,401 | $411,279 |
| Todd Steinwand | Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Tom Erickson | Executive VP and VP for Intellectual Property | 1.00 |
Officer
|
$0 | $64,994 | $405,863 |
| Jim Duzan | Assistant VP for Intellectual Property | 4.00 |
Officer
|
$0 | $41,889 | $185,945 |
| Jen Knudson | Secretary | 2.00 |
Officer
|
$0 | $39,370 | $146,299 |
| Tami Votava | Assistant VP for Finance | 1.00 |
Officer
|
$0 | $58,969 | $315,279 |
| Erin O'Leary | Assistant Treasurer | 9.00 |
Officer
|
$0 | $0 | $152,149 |
| Sheryl Landis | Assistant VP for Contracts | 2.00 |
Officer
|
$0 | $44,825 | $233,151 |
| Brian Kalk | VP for Research | 1.00 |
Officer
|
$0 | $58,096 | $348,358 |
| John Hamling | Assistant VP for CCUS Research | 2.00 |
Officer
|
$0 | $60,684 | $314,835 |
| Josh Stanislowski | Assistant VP for Energy Sytems | 2.00 |
Officer
|
$0 | $53,494 | $300,880 |
| John Harju | VP for Strategy | 1.00 |
Officer
|
$0 | $47,075 | $451,508 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $8,670,989 | $7,885,216 | $12,089,969 | $785,773 |
| 2024 | $7,886,097 | $7,425,414 | $7,610,271 | $460,683 |
| 2023 | $9,930,088 | $8,698,518 | $7,336,685 | $1,231,570 |
| 2022 | $5,603,143 | $5,909,913 | $6,183,269 | $-306,770 |
| 2021 | $188,148 | $203,756 | $4,366,303 | $-15,608 |
| 2020 | $47,237 | $231,962 | $3,121,481 | $-184,725 |
| 2019 | $66,743 | $148,358 | $3,149,533 | $-81,615 |
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