Energy and Environmental Research Center Foundation (EIN 363842479) - 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

1992

Legal Domicile

Principal Officer

Charles Gorecki

Phone

7017775000

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

Advancing University of North Dakota EERC technology to the marketplace.

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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 (2024)

Revenue Breakdown

Contributions & Grants $70,000

Program Service Revenue $8,413,054

Investment Income $187,935

Other Revenue $0

TOTAL REVENUE $8,670,989

Expense Breakdown

Grants Paid $116,445

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,698,754

Other Expenses $7,768,771

TOTAL EXPENSES $7,885,216

Year-over-Year Comparison

	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%

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

N/A

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

$3,315,535

Total Directors

$872,547

Key Employees

Highest Compensated

reported

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

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	$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

Energy and Environmental Research Center Foundation