AFFORDABLE ENERGY CORPORATION

EIN: 621497970 501(c)(3)

LOUISVILLE, KY

Total Revenue
$1,337
Total Expenses
$7,897
Total Assets
N/A
Net Assets
N/A
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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
1992
Legal Domicile
KY
Principal Officer
MARY BRYAN
Phone
5028937842
Tax Period
2022-01-01 to 2022-12-31

AFFORDABLE ENERGY CORPORATION, founded in 1992, is a micro nonprofit that reported $1K in total revenue in fiscal year 2022. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 491% operating deficit.

Mission

TO FACILITATE AFFORDABLE GAS AND ELECTRIC SERVICE TO LOW-INCOME FAMILIES AND INDIVIDUALS IN THE LG&E SERVICE TERRITORY WITH THE PURPOSE OF IMPROVING HOUSEHOLD STABILITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5
Program Service Revenue $0
Investment Income $0
Other Revenue $1,332
TOTAL REVENUE $1,337

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,893
Other Expenses $7,897
TOTAL EXPENSES $7,897

Year-over-Year Comparison

2022 2021 Change
Revenue $1,337 $24,148 -0.9%
Expenses $7,897 $63,052 -0.9%
Net Income $-6,560 $-38,904 -0.8%
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
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BRYAN CHAIR 0.50
Officer Director
$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
2022 $1,337 $7,897 No data $-6,560
2021 $24,148 $63,052 $6,560 $-38,904
2020 $216,753 $214,652 $45,376 $2,101
2019 $287,606 $294,080 $43,275 $-6,474
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