FUEL CELL HYDROGEN ENERGY ASSOCIATION (EIN 522086073) - 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

1998

Legal Domicile

Principal Officer

FRANK WOLAK

Phone

2023559463

Tax Period

2023-01-01 to 2023-12-31

FUEL CELL HYDROGEN ENERGY ASSOCIATION, founded in 1998, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $479K, a strong 18% operating margin.

Mission

FCHEA is a business association committed to advancing innovative, clean, safe, and reliable energy technologies through educational activities and advocacy in support of fuel cell and hydrogen energy technologies.

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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 $0

Program Service Revenue $2,710,784

Investment Income $233

Other Revenue $0

TOTAL REVENUE $2,711,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,182,430

Fundraising Expenses $0

Other Expenses $1,049,561

TOTAL EXPENSES $2,231,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,711,017	$2,065,688	+0.3%
Expenses	$2,231,991	$1,547,826	+0.4%
Net Income	$479,026	$517,862	-0.1%

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

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

$467,806

Total Directors

$467,806

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK WOLAK	President & CEO	40.00	Officer Director	$421,200	$46,606	$467,806
ANDY MARSH	Chairman	1.00	Director	$0	$0	$0
ROBERT WIMMER	Vice Chairman	1.00	Director	$0	$0	$0
GERRY CONWAY	Treasurer	2.00	Officer Director	$0	$0	$0
AMY ADAMS	Director	1.00	Director	$0	$0	$0
THOMAS BUSH	Director	1.00	Director	$0	$0	$0
MARC DEUTSCH	Director	1.00	Director	$0	$0	$0
JOE FAWELL	Director	1.00	Director	$0	$0	$0
JURGEN GULDNER	Director	1.00	Director	$0	$0	$0
NATE HILL	Director	1.00	Director	$0	$0	$0
JAN KLAWITTER	Director	1.00	Director	$0	$0	$0
ROBERT WEBBER	Director	1.00	Director	$0	$0	$0
RANDY MACEWAN	Director	1.00	Director	$0	$0	$0
LINDA DEMPSEY	Director	1.00	Director	$0	$0	$0
JACKIE CARNEY	Director	1.00	Director	$0	$0	$0
CHARLES FREESE	Director	1.00	Director	$0	$0	$0
MIKE HICKS	Director	1.00	Director	$0	$0	$0
J NICK IRVIN	Director	1.00	Director	$0	$0	$0
ARMANDO AVILLA	Director	1.00	Director	$0	$0	$0
PETER TADROS	Director	1.00	Director	$0	$0	$0
BRIAN VANDERBLOEMEN	Director	1.00	Director	$0	$0	$0
ROBERT MOUNT	Director	1.00	Director	$0	$0	$0
VIACHESLAV BRAHINETS	Director	1.00	Director	$0	$0	$0
GERARDO FAMILIAR	Director	0.00	Director	$0	$0	$0
BOB OESTERREICH	Director	0.00	Director	$0	$0	$0
JASON FEW	Director	0.00	Director	$0	$0	$0
BETH DEANE	Director	0.00	Director	$0	$0	$0
LAURA LUCE	Director	0.00	Director	$0	$0	$0
ERIC DE CALUWE	Director	0.00	Director	$0	$0	$0
SHANE STEPHENS	Director	0.00	Director	$0	$0	$0
HILARY MOFFETT	Director	0.00	Director	$0	$0	$0
JULIEN SOLES	Director	0.00	Director	$0	$0	$0
JOHN O'BRIEN	Director	0.00	Director	$0	$0	$0
LAURA GEIMAN	Director	1.00	Director	$0	$0	$0
BASIM MOTIWALA	Director	1.00	Director	$0	$0	$0
BILL GRAY	Director	1.00	Director	$0	$0	$0
NHA NGUYEN	Director	1.00	Director	$0	$0	$0
MARK WILSON	Director	1.00	Director	$0	$0	$0
MELISSA PETERSON	Director	1.00	Director	$0	$0	$0
KAREEM AFZAL	Director	1.00	Director	$0	$0	$0
VALERY MIFTAKHOV	Director	1.00	Director	$0	$0	$0
Connor Dolan	VP, Ext Affairs	40.00		$0	$0	$0
Jennifer Gangi	Dir of Comm.	40.00		$0	$0	$0
MORRY MARKOWITZ	President	40.00		$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	No data	No data	No data	No data
2023	$2,711,017	$2,231,991	$2,583,423	$479,026
2022	$2,065,688	$1,547,826	$2,097,189	$517,862
2021	$2,894,034	$2,774,841	$1,466,628	$119,193
2020	$1,512,995	$1,300,519	$1,341,055	$212,476
2019	$1,333,552	$1,612,464	$1,288,347	$-278,912
2018	$1,227,871	$1,305,725	$1,405,892	$-77,854

FUEL CELL HYDROGEN ENERGY ASSOCIATION