NORWALK, CT
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)NATIONAL OILHEAT RESEARCH ALLIANCE, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $7.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $6.9M left a modest 11% surplus.
EDUCATE CONSUMERS ABOUT THE BENEFITS OF OILHEAT, TO PERFORM RESEARCH AND DEVELOPMENT, ENCOURAGE HEATING OIL EFFICIENCY AND UPGRADES, AND TO PROVIDE TECHNICAL TRAINING TO PROVIDE BETTER CUSTOMER SERVICE.
RESEARCH, DEVELOPMENT, AND DEMONSTRATION: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $3,041,576 FOR THE RESEARCH, DEVELOPMENT, AND DEMONSTRATION PROGRAM, INCLUDING $1,867,162 IN NATIONAL SPENDING OF...
RESEARCH, DEVELOPMENT, AND DEMONSTRATION: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $3,041,576 FOR THE RESEARCH, DEVELOPMENT, AND DEMONSTRATION PROGRAM, INCLUDING $1,867,162 IN NATIONAL SPENDING OF PAST YEAR'S ASSESSMENTS REVENUE. IN 2021, THE ALLIANCE BOARD VOTED TO REALLOCATE UP TO $1.0 MILLION IN NATIONAL SPENDING NOT YET INCURRED FOR RESEARCH, DEVELOPMENT, AND DEMONSTRATION TO THOSE STATES THAT HAVE UTILIZED THEIR BUDGETED GRANTS FOR RESEARCH, DEVELOPMENT, AND DEMONSTRATION FOR ADDITIONAL RESEARCH, DEVELOPMENT, AND DEMONSTRATION SPENDING. IN 2021, THE ALLIANCE GRANTED $307,545 IN SUCH NATIONAL FUNDS TO STATES. THE REMAINING AMOUNT OF THE $1.0 MILLION NOT SPENT IN 2021, WAS REALLOCATED IN 2022 IN ADDITION TO UP TO ANOTHER $1.0 MILLION FOR GRANTS TO STATES THAT HAVE USED THEIR RESEARCH, DEVELOPMENT, AND DEMONSTRATION BUDGETS. IN 2022, THE ALLIANCE GRANTED ANOTHER $370,743 TO STATES. IN 2023, THE ALLIANCE GRANTED $613,441 IN SUCH NATIONAL FUNDS TO STATES THAT IS INCLUDED IN THE AMOUNTS GRANTED OR EXPENDED ABOVE. THE ALLIANCE ALSO BUDGETED $1,169,917 IN ADDITIONAL NATIONAL SPENDING FROM 2023 ASSESSMENTS REVENUE TO BE SPENT SUBSEQUENT TO YEAR-END FOR THE RESEARCH, DEVELOPMENT, AND DEMONSTRATION PROGRAM MAKING THE TOTAL FOR 2023, 32 PERCENT OF NET ASSESSMENTS REVENUE AFTER DEDUCTING THE AMOUNT ADDED TO NET ASSETS UNAVAILABLE FOR OBLIGATION UNTIL OCTOBER 1, 2028. ADDITIONALLY, UNALLOCATED STATE REBATES OF 2023 ASSESSMENTS REVENUE WILL BE USED FOR THE RESEARCH, DEVELOPMENT, AND DEMONSTRATION PROGRAM.
CONSUMER EDUCATION, SAFETY, AND TRAINING: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $1,554,774 FOR THE CONSUMER EDUCATION, SAFETY, AND TRAINING PROGRAM, INCLUDING $185,027 IN GRANTS AND SPENDING OF...
CONSUMER EDUCATION, SAFETY, AND TRAINING: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $1,554,774 FOR THE CONSUMER EDUCATION, SAFETY, AND TRAINING PROGRAM, INCLUDING $185,027 IN GRANTS AND SPENDING OF PAST YEAR'S ASSESSMENTS REVENUE. THE ALLIANCE ALSO BUDGETED $257,936 IN ADDITIONAL NATIONAL SPENDING FROM 2023 ASSESSMENTS REVENUE FOR THE CONSUMER EDUCATION, SAFETY, AND TRAINING PROGRAM, MAKING THE TOTAL FOR 2023, 30 PERCENT OF NET ASSESSMENTS REVENUE AFTER DEDUCTING THE AMOUNT ADDED TO NET ASSETS UNAVAILABLE FOR OBLIGATION UNTIL OCTOBER 1, 2028.
HEATING OIL EFFICIENCY AND UPGRADE: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $820,638 FOR THE HEATING OIL EFFICIENCY AND UPGRADE PROGRAM, INCLUDING $17,785 IN SPENDING OF PAST YEAR'S ASSESSMENTS...
HEATING OIL EFFICIENCY AND UPGRADE: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $820,638 FOR THE HEATING OIL EFFICIENCY AND UPGRADE PROGRAM, INCLUDING $17,785 IN SPENDING OF PAST YEAR'S ASSESSMENTS REVENUE. THE ALLIANCE ALSO BUDGETED $55,289 IN ADDITIONAL NATIONAL SPENDING FROM 2023 ASSESSMENTS REVENUE TO BE SPENT SUBSEQUENT TO YEAR-END FOR THE HEATING OIL EFFICIENCY AND UPGRADE PROGRAM, MAKING THE TOTAL FOR 2023, 16 PERCENT OF NET ASSESSMENTS REVENUE AFTER DEDUCTING THE AMOUNT ADDED TO NET ASSETS UNAVAILABLE FOR OBLIGATION UNTIL OCTOBER 1, 2028. ADDITIONALLY, UNALLOCATED STATE REBATES OF 2023 ASSESSMENTS REVENUE WILL BE USED FOR THE HEATING OIL EFFICIENCY AND UPGRADE PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,771,875 | $8,489,007 | -0.1% |
| Expenses | $6,912,978 | $6,959,469 | 0.0% |
| Net Income | $858,897 | $1,529,538 | -0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERIC DEGESERO | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT VADINO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIO BOUCHARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK CASPERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK BOLOGNA | IMMEDIATE PAST CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL DEVINE | PRESIDENT | 40.00 |
Officer
Director
|
$362,472 | $41,475 | $403,947 |
| MATT COTA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES UGLIETTO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROGER MARRAN | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOBBY PARLETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARTER VAILLANCOURT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HAL JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATE DUFFEY | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT HACKER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE POWERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA FARRELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL MATTICE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE CLARK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE VAN DOREN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID COYNE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL LAMPARELLI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS FAZIO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE OEHLERT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY SIPPIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY GROFT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG CHILDS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN JEFFERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRENT MOORE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAUDETTE TOWNSEND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTYN SCHWEITZER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLISON HEANEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEANN PANNEBIANCO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE WALTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JACQUELINE HART | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN MCCUSKER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TED NOONAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL REICHERT JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE FOSTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG FREDERICKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEVI BOURNE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS BUTCHER | RESEARCH MANAGER | 40.00 |
Key Emp
|
$228,464 | $83,542 | $312,006 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $7,771,875 | $6,912,978 | $20,474,292 | $858,897 |
| 2022 | $8,489,007 | $6,959,469 | $18,896,161 | $1,529,538 |
| 2021 | $8,522,495 | $6,960,125 | $16,722,027 | $1,562,370 |
| 2020 | $8,023,785 | $6,778,355 | $15,269,654 | $1,245,430 |
| 2019 | $9,427,670 | $7,018,912 | $14,064,295 | $2,408,758 |
| 2018 | $9,572,743 | $8,482,833 | $12,488,475 | $1,089,910 |
Compare NATIONAL OILHEAT RESEARCH ALLIANCE with other nonprofits in Connecticut and across the country.