NEW YORK GEOTHERMAL FOUNDATION INC (EIN 473139002) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

JENS U PONIKAU

Phone

5073197956

Tax Period

2024-01-01 to 2024-12-31

NEW YORK GEOTHERMAL FOUNDATION INC, founded in 2017, is a micro nonprofit in the Environment sector that reported $40K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $83K exceeded revenue, resulting in a 106% operating deficit.

Mission

TO RESEARCH IMPROVEMENTS TO AND SPREAD INFORMATION ABOUT RENEWABLE ENERGY EFFICIENT GROUND SOURCE HEAT PUMP SYSTEMS WHILE SUPPORTING INTERESTED RENEWABLE ENERGY ORGANIZATIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $40,037

TOTAL REVENUE $40,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,806

Other Expenses $82,533

TOTAL EXPENSES $82,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,037	$88,987	-0.6%
Expenses	$82,533	$55,316	+0.5%
Net Income	$-42,496	$33,671	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENS PONIKAU	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
RAGNA PONIKAU	DIRECTOR	1.00	Officer Director	$0	$0	$0
EUGENE KERN	DIRECTOR	1.00	Officer 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
2024	$40,037	$82,533	$805,655	$-42,496
2023	$88,987	$55,316	$736,411	$33,671
2022	$115,752	$98,682	$728,249	$17,070
2021	$100,416	$99,848	$731,646	$568

NEW YORK GEOTHERMAL FOUNDATION INC