ENERGY INNOVATION REFORM PROJECT

EIN: 461491204 501(c)(3) Environment

FAIRFAX, VA

Total Revenue
$821,501
Total Expenses
$1,161,920
Total Assets
$1,280,960
Net Assets
$1,224,825
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
SAM THERNSTROM
Phone
5712575265
Tax Period
2023-01-01 to 2023-12-31

ENERGY INNOVATION REFORM PROJECT, founded in 2012, is a small nonprofit in the Environment sector that reported $822K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO EDUCATE THE PUBLIC AND ADVOCATE FOR A BROAD ENERGY POLICY THAT VALUES THE INVESTMENT IN NEW TECHNOLOGIES.

Program Service Accomplishments

Program 1
Expenses: $732,546

EDUCATION AND ADVOCACY:1. UNDERTOOK MULTIPLE ANALYSES OF DECARBONIZATION PATHWAYS AND POLICIES FOR THE ELECTRIC POWER SECTOR.2. STUDIED THE ECONOMIC AND ENVIRONMENTAL IMPACT OF DIFFERENT POLICY...

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EDUCATION AND ADVOCACY:1. UNDERTOOK MULTIPLE ANALYSES OF DECARBONIZATION PATHWAYS AND POLICIES FOR THE ELECTRIC POWER SECTOR.2. STUDIED THE ECONOMIC AND ENVIRONMENTAL IMPACT OF DIFFERENT POLICY OPTIONS FOR REDUCING EMISSIONS3. ENGAGED IN EXTENSIVE AND ONGOING OUTREACH TO A BROAD RANGE OF KEY STAKEHOLDERS ACROSS THE POLITICAL AND CIVIC SPECTRUM TO COMMUNICATE THE FINDINGS FROM OUT RESEARCH AND TO BUILD A STRONG CASE FOR PRAGMATIC POLICY OPTIONS.4. PURSUED VARIOUS INTERNATIONALLY ORIENTED PROJECTS. ASSESSED RUSSIA'S ROLE IN THE GLOBAL ENERGY ECONOMY AFTER ITS INVASION OF UKRAINE. STUDIED U.S. - KOREA COOPERATION ON CLEAN ENERGY SUPPLY CHAINS, INCLUDING SOLAR PHOTOVOLTAIC SYSTEMS AND ELECTRIC VEHICLE BATTERIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $802,873
Program Service Revenue $0
Investment Income $18,628
Other Revenue $0
TOTAL REVENUE $821,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $874,794
Fundraising Expenses $242,072
Program Expenses $732,546
Other Expenses $287,126
TOTAL EXPENSES $1,161,920

Year-over-Year Comparison

2023 2022 Change
Revenue $821,501 $931,766 -0.1%
Expenses $1,161,920 $1,009,271 +0.2%
Net Income $-340,419 $-77,505 +3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
4
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
2
$683,418
Total Directors
6
$683,418
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH CHAISSON DIRECTOR 1.00
Director
$0 $0 $0
PAULA DOBRIANSKY DIRECTOR 1.00
Director
$0 $0 $0
STEVEN F HAYWARD DIRECTOR 1.00
Director
$0 $0 $0
ROGER MARTELLA DIRECTOR 1.00
Director
$0 $0 $0
PAUL SAUNDERS DIRECTOR & SENIOR ADVISOR 40.00
Officer Director
$303,753 $35,000 $338,753
SAMUEL THERNSTROM DIRECTOR & CEO 40.00
Officer Director
$309,665 $35,000 $344,665
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 No data No data No data No data
2023 $821,501 $1,161,920 $1,280,960 $-340,419
2022 $931,766 $1,009,271 $1,468,940 $-77,505
2021 $397,855 $1,385,896 $1,660,299 $-988,041
2020 $2,231,745 $1,378,665 $2,643,016 $853,080
2019 $1,144,011 $1,727,424 $1,769,959 $-583,413
2018 $1,519,550 $1,382,212 $2,374,521 $137,338
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