ENERGY INNOVATION BUSINESS COUNCIL

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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

2025-01-01 to 2025-12-31

ENERGY INNOVATION BUSINESS COUNCIL, founded in 2011, is a small nonprofit that reported $891K in total revenue in fiscal year 2025. The organization ran a surplus of $287K, a strong 32% 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.

Program Service Accomplishments

Program 1

HOSTED ANNUAL MEMBER MEETING TO BRING TOGETHER MICHIGAN'S ADVANCED ENERGY INDUSTRY TO ACCELERATE BUSINESS DEVELOPMENT OPPORTUNITIES AND CONNECT INDUSTRY LEADERS WITH LEADING POLICYMAKERS. HOSTED...

HOSTED ANNUAL MEMBER MEETING TO BRING TOGETHER MICHIGAN'S ADVANCED ENERGY INDUSTRY TO ACCELERATE BUSINESS DEVELOPMENT OPPORTUNITIES AND CONNECT INDUSTRY LEADERS WITH LEADING POLICYMAKERS. HOSTED ANNUAL ENERGY INNOVATORS GALA TO HIGHLIGHT INDUSTRY ACCOMPLISHMENTS. REPRESENTED ADVANCED ENERGY INDUSTRY IN PROCEEDINGS BEFORE THE MICHIGAN PUBLIC COMMISSION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $596,900

Program Service Revenue $262,507

Investment Income $56,093

Other Revenue $-24,696

TOTAL REVENUE $890,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $603,778

TOTAL EXPENSES $603,778

Year-over-Year Comparison

	2025	2024	Change
Revenue	$890,804	$885,860	+0.0%
Expenses	$603,778	$575,841	+0.0%
Net Income	$287,026	$310,019	-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

$155,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SHERMAN	PRESIDENT	20.00	Officer	$0	$17,212	$155,748
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
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
JOSHUA WILLIAMS	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
2025	$890,804	$603,778	$1,815,811	$287,026
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