ARKANSAS ADVANCED ENERGY FOUNDATION INC

EIN: 454555669 501(c)(3) Environment

LITTLE ROCK, AR

Total Revenue
$1,052,595
Total Expenses
$418,484
Total Assets
$859,012
Net Assets
$858,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AR
Principal Officer
LAUREN WALDRIP
Phone
5017123186
Tax Period
2024-01-01 to 2024-12-31

ARKANSAS ADVANCED ENERGY FOUNDATION INC, founded in 2011, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $634K, a strong 60% operating margin.

Mission

PROMOTE ADVANCED ENERGY AWARENESS

Program Service Accomplishments

Program 1
Expenses: $308,716

ESTABLISH AND MAINTAIN FORUMS, SEMINARS, WORKSHOPS, TECH FAIRS AND CONFERENCES TO DEMONSTRATE AND PROMOTE ADVANCED ENERGY SOLUTIONS, ENCOURAGE OTHERS TO CONSUME, INVEST IN OR COMMERCIALIZE THESE...

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ESTABLISH AND MAINTAIN FORUMS, SEMINARS, WORKSHOPS, TECH FAIRS AND CONFERENCES TO DEMONSTRATE AND PROMOTE ADVANCED ENERGY SOLUTIONS, ENCOURAGE OTHERS TO CONSUME, INVEST IN OR COMMERCIALIZE THESE SOLUTIONS SO ARKANSAS' ECONOMY WILL GROW.

Program 2

ORGANIZE AND REGULARLY CONVENE STATE ECONOMIC DEVELOPMENT AND WORKFORCE PLANNERS, RESEARCHERS AND THOUGHT LEADERS IN ORDER TO EXAMINE BEST PRACTICES TO ENCOURAGE INNOVATION AND ENTREPRENEURSHIP IN...

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ORGANIZE AND REGULARLY CONVENE STATE ECONOMIC DEVELOPMENT AND WORKFORCE PLANNERS, RESEARCHERS AND THOUGHT LEADERS IN ORDER TO EXAMINE BEST PRACTICES TO ENCOURAGE INNOVATION AND ENTREPRENEURSHIP IN THE ADVANCED ENERGY SECTOR.

Program 3

TO COMMISSION OR PRODUCE AND PUBLISH ANALYTICAL STUDIES AND DATA REGARDING THE STATUS OF PAST PERFORMANCE AND POTENTIAL OF THE ADVANCED ENERGY SECTOR FOR PUBLIC EDUCATION AND FOR UTILIZATION BY...

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TO COMMISSION OR PRODUCE AND PUBLISH ANALYTICAL STUDIES AND DATA REGARDING THE STATUS OF PAST PERFORMANCE AND POTENTIAL OF THE ADVANCED ENERGY SECTOR FOR PUBLIC EDUCATION AND FOR UTILIZATION BY POLICY MAKERS WHILE CONSIDERING FUTURE ARKANSAS ENERGY POLICY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,052,595
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,052,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,483
Fundraising Expenses $0
Program Expenses $308,716
Other Expenses $279,001
TOTAL EXPENSES $418,484

Year-over-Year Comparison

2024 2023 Change
Revenue $1,052,595 $451,535 +1.3%
Expenses $418,484 $288,951 +0.4%
Net Income $634,111 $162,584 +2.9%
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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Governance

Voting Members
10
Independent Members
N/A
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
11
$90,606
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN WALDRIP EXECUTIVE DI 20.00
Officer
$90,606 $0 $90,606
STEVE CHRISS BOARD MEMBER N/A
Officer
$0 $0 $0
ADAM FOGLEMAN BOARD MEMBER N/A
Officer
$0 $0 $0
ELSTON B FORTE BOARD MEMBER N/A
Officer
$0 $0 $0
GLEN HOOKS BOARD MEMBER N/A
Officer
$0 $0 $0
CHRIS KELL BOARD MEMBER N/A
Officer
$0 $0 $0
PETER NIERENGARTEN BOARD MEMBER N/A
Officer
$0 $0 $0
WES PREWETT BOARD MEMBER N/A
Officer
$0 $0 $0
FLINT RICHTER BOARD MEMBER N/A
Officer
$0 $0 $0
GARRY RODGER BOARD MEMBER N/A
Officer
$0 $0 $0
SKIP WOESSNER BOARD MEMBER N/A
Officer
$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 $1,052,595 $418,484 $859,012 $634,111
2023 $451,535 $288,951 $224,901 $162,584
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