INTERSTATE RENEWABLE ENERGY COUNCIL

EIN: 592201374 501(c)(3)

ALBANY, NY

Total Revenue
$7,372,220
Total Expenses
$7,600,918
Total Assets
$3,410,786
Net Assets
$2,658,813
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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
1982
Legal Domicile
NY
Principal Officer
LARRY SHERWOOD
Phone
5186217397
Tax Period
2023-01-01 to 2023-12-31

INTERSTATE RENEWABLE ENERGY COUNCIL, founded in 1982, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2023.

Mission

INTERSTATE RENEWABLE ENERGY COUNCIL (IREC) BUILDS THE FOUNDATION FOR RAPID ADOPTION OF CLEAN ENERGY AND ENERGY EFFICIENCY TO BENEFIT PEOPLE, THE ECONOMY AND OUR PLANET.

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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 $5,992,497
Program Service Revenue $1,363,438
Investment Income $30,079
Other Revenue $-13,794
TOTAL REVENUE $7,372,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,892,757
Fundraising Expenses $402,544
Program Expenses $6,177,790
Other Expenses $3,708,161
TOTAL EXPENSES $7,600,918

Year-over-Year Comparison

2023 2022 Change
Revenue $7,372,220 $7,063,364 +0.0%
Expenses $7,600,918 $7,643,405 0.0%
Net Income $-228,698 $-580,041 -0.6%
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

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Governance

Voting Members
16
Independent Members
16
Employees
38
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
7
$307,751
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY SHERWOOD PRESIDENT / 40.00
Officer
$271,730 $36,021 $307,751
RADINA VALOVA EMPLOYEE 40.00
Highest
$146,543 $14,369 $160,912
KRISTEN HAGERTY EMPLOYEE 40.00
Highest
$147,840 $8,888 $156,728
LESLIE GRAHAM EMPLOYEE 40.00
Highest
$136,298 $18,666 $154,964
SCOTT TOWNLEY EMPLOYEE 40.00
Highest
$137,659 $13,699 $151,358
GWEN BROWN EMPLOYEE 40.00
Highest
$135,137 $11,442 $146,579
LORRAINE AKIBA BOARD MEMBER 1.00
Director
$0 $0 $0
TRENTON ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
BONNIE DATTA BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA HATHERLY BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE HOSKINS BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE MCCORMACK BOARD MEMBER 1.00
Director
$0 $0 $0
DAN REICHER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM STARRS BOARD MEMBER 1.00
Director
$0 $0 $0
DUB TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
JACOB PARKS SECRETARY 1.00
Officer
$0 $0 $0
EMILY ROBICHAUX TREASURER 1.00
Officer
$0 $0 $0
MARC ROPER CHAIR 1.00
Officer
$0 $0 $0
RONNY SANDOVAL VICE CHAIR 1.00
Officer
$0 $0 $0
POLLY SHAW PAST CHAIR 1.00
Officer
$0 $0 $0
LARRY SHIRLEY PAST CHAIR 1.00
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 $7,372,220 $7,600,918 $3,410,786 $-228,698
2022 $7,063,364 $7,643,405 $3,841,125 $-580,041
2021 $5,688,998 $5,481,919 $4,611,580 $207,079
2020 $4,093,970 $2,605,862 $3,755,320 $1,488,108
2019 $3,461,712 $2,696,139 $2,070,082 $765,573
2018 $2,088,960 $3,167,354 $1,316,831 $-1,078,394
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