INSTITUTE OF CLEAN AIR COMPANIES I… - 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

1960

Legal Domicile

Principal Officer

CLARE SCHULZKI

Phone

2024786188

Tax Period

2022-07-01 to 2023-06-30

INSTITUTE OF CLEAN AIR COMPANIES INC, founded in 1960, is a small nonprofit that reported $175K in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $31K, a strong 18% operating margin.

Mission

TO BE THE VOICE OF THE STATIONARY SOURCE AIR POLLUTION CONTROL AND MONITORING INDUSTRY BY PROVIDING TECHNICAL INFORMATION RELEVANT TO FLEXIBLE CLEAN AIR POLICIES BASED ON PRACTICAL, ACHIEVABLE AND MEASURABLE EMISSIONS LIMITATIONS.

Program Service Accomplishments

Program 1

PROVIDE MEMBER SUPPORT SERVICES IN THE FORM OF PUBLICATIONS AS WELL AS REGULATORY AND TECHNICAL ASSISTANCE.

Program 2

CONFERENCES & MEETINGS TO KEEP MEMBERS ABREAST OF TECHNICAL ADVANCEMENTS AND REGULATORY STANDARDS FOR THE INDUSTRY.MBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $174,933

Investment Income $20

Other Revenue $0

TOTAL REVENUE $174,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $143,891

TOTAL EXPENSES $143,891

Year-over-Year Comparison

	2022	2021	Change
Revenue	$174,953	$198,811	-0.1%
Expenses	$143,891	$287,346	-0.5%
Net Income	$31,062	$-88,535	-1.4%

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
ALAN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MENNITI	DIRECTOR	1.00	Director	$0	$0	$0
ERIC OLSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
GRANT GROTHEN	DIRECTOR	1.00	Director	$0	$0	$0
GREG FILIPPELLI	DIRECTOR	1.00	Director	$0	$0	$0
JOE WONG	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH VAGLIO	DIRECTOR	1.00	Director	$0	$0	$0
LARS-ERIK GAERTNER	DIRECTOR	1.00	Director	$0	$0	$0
MARK PEAK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ATWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
NATHAN WHITE	DIRECTOR	1.00	Director	$0	$0	$0
STAN MACK	DIRECTOR	1.00	Director	$0	$0	$0
CLARE SCHULZKI	EXECUTIVE DIRECTOR	40.00	Officer	$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	$174,953	$143,891	$34,323	$31,062
2022	$198,811	$287,346	$65,268	$-88,535
2021	$186,602	$365,164	$18,741	$-178,562
2020	$206,225	$373,072	$36,991	$-166,847
2019	$260,907	$375,752	$32,648	$-114,845

INSTITUTE OF CLEAN AIR COMPANIES INC