American Council On Renewable Energy (EIN 522353661) - 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

2001

Legal Domicile

Principal Officer

Gerald Borenstein

Phone

2023930001

Tax Period

2023-01-01 to 2023-12-31

American Council On Renewable Energy, founded in 2001, is a mid-sized nonprofit in the Science & Technology sector that reported $10.2M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $9.9M left a modest 3% surplus.

Mission

To unite business, policy and finance to accelerate the transition to a renewable energy economy.

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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 $8,111,868

Program Service Revenue $2,092,484

Investment Income $43,946

Other Revenue $597

TOTAL REVENUE $10,248,895

Expense Breakdown

Grants Paid $1,913,000

Salaries & Benefits $5,245,383

Fundraising Expenses $152,068

Program Expenses $7,198,064

Other Expenses $2,737,493

TOTAL EXPENSES $9,895,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,248,895	$7,697,621	+0.3%
Expenses	$9,895,876	$8,181,022	+0.2%
Net Income	$353,019	$-483,401	-1.7%

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

$1,000,545

Total Directors

$750,714

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Wetstone	Outgoing President & CEO	40.00	Officer Director	$469,806	$22,565	$492,371
Raymond Long	Incoming President & CEO	40.00	Officer Director	$256,818	$1,525	$258,343
Kevin Gresham	Board Chair	2.00	Officer Director	$0	$0	$0
Shannon Kellogg	Secretary	2.00	Officer Director	$0	$0	$0
Patrick Reiten	Treasurer	2.00	Officer Director	$0	$0	$0
Vikas Agrawal	Director	2.00	Director	$0	$0	$0
Laura Beane	Director	2.00	Director	$0	$0	$0
Mit Buchanan	Director	2.00	Director	$0	$0	$0
William Conkling	Director	2.00	Director	$0	$0	$0
Mona Dajani	Director	2.00	Director	$0	$0	$0
William Demas	Director	2.00	Director	$0	$0	$0
Monique Dyers	Director	2.00	Director	$0	$0	$0
Kathleen Frangione	Director	2.00	Director	$0	$0	$0
David Giordano	Director	2.00	Director	$0	$0	$0
Kristal Hansley	Director	2.00	Director	$0	$0	$0
Ja Kao	Director	2.00	Director	$0	$0	$0
Vishal Kapadia	Director	2.00	Director	$0	$0	$0
Marcus Krembs	Director	2.00	Director	$0	$0	$0
Kevin Lynch	Director	2.00	Director	$0	$0	$0
Rose McKinney-James	Director	2.00	Director	$0	$0	$0
Phil Musser	Director	2.00	Director	$0	$0	$0
Francis O'Sullivan	Director	2.00	Director	$0	$0	$0
Urvi Parekh	Director	2.00	Director	$0	$0	$0
Gaurav Raniwala	Director	2.00	Director	$0	$0	$0
Himanshu Saxena	Director	2.00	Director	$0	$0	$0
Meghan Schultz	Director	2.00	Director	$0	$0	$0
Raymond Wood	Director	2.00	Director	$0	$0	$0
Gerald Borenstein	Chief Financial Officer	40.00	Officer	$227,265	$22,566	$249,831
Jose Zayas	EVP Policy & Programs	40.00	Highest	$323,438	$32,934	$356,372
Colleen Pickford	EVP Corporate Engagement	40.00	Highest	$227,777	$32,934	$260,711
Allison Nyholm	VP Government Affairs	40.00	Highest	$222,961	$27,549	$250,510
Lesley Hunter	SVP Policy & Engagement	40.00	Highest	$196,000	$32,843	$228,843
Alexandra Hobson	SVP Communications	40.00	Highest	$207,950	$20,690	$228,640
Kevin ORourke	SVP Development & Public Affairs	40.00	Highest	$203,907	$11,359	$215,266

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	$10,248,895	$9,895,876	$5,214,926	$353,019
2022	$7,697,621	$8,181,022	$2,997,101	$-483,401
2021	$6,857,978	$6,217,621	$2,445,109	$640,357
2020	$5,137,234	$4,557,386	$2,000,883	$579,848
2019	$3,203,539	$3,213,505	$430,971	$-9,966
2018	$3,460,158	$3,375,176	$512,666	$84,982

American Council On Renewable Energy