FUEL CELL HYDROGEN ENERGY ASSOCIATION

EIN: 522086073

WASHINGTON, DC

Total Revenue
$2,711,017
Total Expenses
$2,231,991
Total Assets
$2,583,423
Net Assets
$2,422,160
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
DC
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.

Program Service Accomplishments

Program 1

THE FCHEA HAS HELPED DEVELOP CODES AND STANDARDS REQUIRED FOR THE COMMERCIALIZATION OF FUEL CELL TECHNOLOGIES. SERVING ITS MEMBERSHIP OF CORPORATE, GOVERNMENT, AND NONPROFIT MEMBERS, THE ASSOCIATION...

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THE FCHEA HAS HELPED DEVELOP CODES AND STANDARDS REQUIRED FOR THE COMMERCIALIZATION OF FUEL CELL TECHNOLOGIES. SERVING ITS MEMBERSHIP OF CORPORATE, GOVERNMENT, AND NONPROFIT MEMBERS, THE ASSOCIATION CREATED AND CONTINUES TO LEAD FOCUSED PROGRAMS FOR TRANSPORTATION, STATIONARY POWER APPLICATIONS, STORAGE, PORTABLE POWER, MANUFACTURING, PERFORMANCE TESTING, AND INSTALLATION.

Program 2

THE ASSOCIATION FOSTERS THE EXCHANGE OF INFORMATION BETWEEN ITS MEMBERS AND LEADERS IN THE PUBLIC AND PRIVATE SECTOR AND HOSTS MULTIPLE MEETINGS EACH YEAR FOR THAT PURPOSE.

Program 3

THE FCHEA PROVIDES OBJECTIVE INFORMATION TO THE PUBLIC, GOVERNMENT, AND INDUSTRY. DURING 2023, THE ASSOCIATION PARTICIPATED IN CONFERENCES AND TRADE SHOWS, DISSEMINATED INFORMATIONAL MATERIAL...

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THE FCHEA PROVIDES OBJECTIVE INFORMATION TO THE PUBLIC, GOVERNMENT, AND INDUSTRY. DURING 2023, THE ASSOCIATION PARTICIPATED IN CONFERENCES AND TRADE SHOWS, DISSEMINATED INFORMATIONAL MATERIAL RELATIVE TO THE FUEL CELL INDUSTRY, AND MAINTAINED AN ACTIVE WEBSITE ACCESSIBLE TO THE PUBLIC.

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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 $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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Liquidity & Cash Position

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Governance

Voting Members
40
Independent Members
40
Employees
6
Volunteers
50

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
$467,806
Total Directors
41
$467,806
Key Employees
0
$0
Highest Compensated
0
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
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