INSTITUTE FOR ENERGY INNOVATION

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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

INSTITUTE FOR ENERGY INNOVATION, founded in 2011, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2025. Expenses of $1.3M left a modest 3% surplus.

Mission

THE MISSION OF THE CORPORATION IS TO PROMOTE GREATER PUBLIC UNDERSTANDING OF ADVANCED ENERGY AND ITS ECONOMIC POTENTIAL FOR MICHIGAN AND TO INFORM THE PUBLIC AND POLICY DISCUSSION ON MICHIGAN'S ENERGY CHALLENGES AND OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $977,080

EDUCATE POLICY MAKERS, BUSINESS LEADERS, AND THE PUBLIC ON ADVANCED ENERGY ISSUES INCLUDING ENERGY STORAGE, SOLAR ENERGY, MOBILITY, AND THE BUILT ENVIRONMENT.

Program 2

Revenue: $361,880

THE PRESIDENT AND STAFF OF THE INSTITUTE FOR ENERGY INNOVATION PERFORMED MANAGEMENT FUNCTIONS AND PROVIDE SUPPORT FOR AN AFFILIATED EXEMPT ORGANIZATION.

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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 $970,233

Program Service Revenue $361,880

Investment Income $21,232

Other Revenue $77

TOTAL REVENUE $1,353,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,896

Fundraising Expenses $103,328

Program Expenses $977,080

Other Expenses $577,231

TOTAL EXPENSES $1,309,127

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,353,422	$1,321,756	+0.0%
Expenses	$1,309,127	$1,129,532	+0.2%
Net Income	$44,295	$192,224	-0.8%

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

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
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
ANNICK ANCTIL	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN REEG	DIRECTOR	1.00	Director	$0	$0	$0
TANYA PASLAWSKI	DIRECTOR	1.00	Director	$0	$0	$0
JIM SABER	DIRECTOR	1.00	Director	$0	$0	$0
GLENN STEVENS JR	DIRECTOR	1.00	Director	$0	$0	$0
LIESL CLARK	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SHERMAN	PRESIDENT	20.00	Officer	$138,536	$17,212	$155,748

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	$1,353,422	$1,309,127	$868,758	$44,295
2024	$1,321,756	$1,129,532	$864,597	$192,224
2023	$899,788	$769,819	$606,766	$129,969
2022	$757,261	$679,300	$470,126	$77,961
2021	$1,031,335	$861,760	$441,276	$169,575
2020	$538,654	$411,517	$252,284	$127,137
2019	$345,763	$342,125	$94,635	$3,638
2018	$311,422	$355,521	$88,053	$-44,099