NEW YORK GEOTHERMAL ENERGY ORGANIZ… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

JENS PONIKAU

Phone

5187460407

Tax Period

2023-01-01 to 2023-12-31

NEW YORK GEOTHERMAL ENERGY ORGANIZATION INC, founded in 2014, is a small nonprofit that reported $528K in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 38% operating margin.

Mission

GROW THE GEOTHERMAL HEAT PUMP INDUSTRY AND DEVELOP ITS WORKFORCE, WHILE EDUCATING POLICY MAKERS AND RESIDENTS ABOUT THE BENEFITS OF GEOTHERMAL HEAT PUMPS.

Program Service Accomplishments

Program 1

THE ORGANIZATION PUTS ON AN ANNUAL CONFERENCE, PROVIDES MEMBER SUPPORT, ENGAGES IN MEDIA OUTREACH, MAINTAINS A WEBSITE, WORKS ON POLICY DEVELOPMENT, AND COMMUNICATES WITH REGULATORS AND OTHER...

THE ORGANIZATION PUTS ON AN ANNUAL CONFERENCE, PROVIDES MEMBER SUPPORT, ENGAGES IN MEDIA OUTREACH, MAINTAINS A WEBSITE, WORKS ON POLICY DEVELOPMENT, AND COMMUNICATES WITH REGULATORS AND OTHER OFFICIALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $85,667

Program Service Revenue $442,279

Investment Income $15

Other Revenue $0

TOTAL REVENUE $527,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,391

Fundraising Expenses $0

Other Expenses $240,618

TOTAL EXPENSES $325,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,961	$255,979	+1.1%
Expenses	$325,009	$248,235	+0.3%
Net Income	$202,952	$7,744	+25.2%

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

$77,933

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA SCHNECK	TREASURER	5.00	Officer Director	$0	$0	$0
JENS PONIKAU	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOHN CIOVACCO	PAST PRESIDENT	7.00	Director	$0	$0	$0
KEVIN MORAVEC	DIRECTOR	5.00	Director	$0	$0	$0
SAMARA SWANSTON	DIRECTOR	5.00	Director	$0	$0	$0
VENETIA LANNON	DIRECTOR	5.00	Director	$0	$0	$0
ZACHARY FINK	SECRETARY	4.00	Officer Director	$0	$0	$0
HEATHER DEESE	DIRECTOR	5.00	Director	$0	$0	$0
BILL NOWAK	DIRECTOR	5.00	Officer Director	$0	$0	$0
CHRISTINE HOFFER	EXECUTIVE DIRECTOR	40.00	Officer	$77,933	$0	$77,933

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	$527,961	$325,009	$473,630	$202,952
2022	$255,979	$248,235	$250,111	$7,744
2021	$50,089	$88,314	$234,653	$-38,225
2020	$211,662	$87,240	$272,878	$124,422
2019	$201,598	$151,766	$148,456	$49,832

NEW YORK GEOTHERMAL ENERGY ORGANIZATION INC