ENERGY INNOVATION BUSINESS COUNCIL (EIN 453631792) - 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

2011

Legal Domicile

Principal Officer

LAURA SHERMAN

Phone

6075923026

Tax Period

2024-01-01 to 2024-12-31

ENERGY INNOVATION BUSINESS COUNCIL, founded in 2011, is a small nonprofit that reported $886K in total revenue in fiscal year 2024. The organization ran a surplus of $310K, a strong 35% operating margin.

Mission

THE MISSION OF THE CORPORATION IS TO GROW MICHIGAN'S ADVANCED ENERGY ECONOMY BY FOSTERING OPPORTUNITIES FOR INNOVATION AND BUSINESS GROWTH AND OFFERING A UNIFIED VOICE IN CREATING A BUSINESS-FRIENDLY ENVIRONMENT FOR THE ADVANCED ENERGY INDUSTRY IN MICHIGAN.

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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 $580,955

Program Service Revenue $280,659

Investment Income $49,522

Other Revenue $-25,276

TOTAL REVENUE $885,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $575,841

TOTAL EXPENSES $575,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,860	$923,146	0.0%
Expenses	$575,841	$588,490	0.0%
Net Income	$310,019	$334,656	-0.1%

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

N/A

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

$144,937

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SHERMAN	PRESIDENT	20.00	Officer	$0	$15,207	$144,937
LAUREN BIGELOW	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE GOODMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN O'CONNELL	TREASURER	1.00	Officer Director	$0	$0	$0
KWAFO ADARKWA	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE CHANGALA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANAND GANGADHARAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN KRICHER	BORAD MEMBER	1.00	Director	$0	$0	$0
BRIAN PAGEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY HEART	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX SCHUSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT VICIANA	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA WALKER-MILLER	BOARD MEMBER	1.00	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
2024	$885,860	$575,841	$1,507,011	$310,019
2023	$923,146	$588,490	$1,125,526	$334,656
2022	$558,491	$371,169	$754,260	$187,322
2021	$569,681	$334,344	$558,196	$235,337
2020	$324,532	$257,670	$295,711	$66,862
2019	$370,481	$265,334	$223,700	$105,147
2018	$285,960	$286,260	$143,725	$-300

ENERGY INNOVATION BUSINESS COUNCIL