AFFORDABLE ENERGY CORPORATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $6,893

AFFORDABLE ENERGY CORPORATION IS A 501C (3), A NON-PROFIT ORGANIZATION FOUNDED IN 1992 TO PROVIDE FINANCIAL ASSISTANCE TO LOW AND FIXED INCOME HOUSEHOLDS WITH HIGH UTILITY BILLS. AFFORDABLE ENERGY...

AFFORDABLE ENERGY CORPORATION IS A 501C (3), A NON-PROFIT ORGANIZATION FOUNDED IN 1992 TO PROVIDE FINANCIAL ASSISTANCE TO LOW AND FIXED INCOME HOUSEHOLDS WITH HIGH UTILITY BILLS. AFFORDABLE ENERGY CORPORATION (AEC) IS GOVERNED BY A BOARD OF DIRECTORS THAT OPERATES ASAP: THE ALL SEASONS ASSURANCE PLAN. THIS PLAN PROVIDES A MONTHLY BENEFIT FOR LOW AND FIXED INCOME HOUSEHOLDS TO EASE THE BURDEN OF HIGH ENERGY COSTS. REDUCING UTILITY DISCONNECTS AND BROWN BILLS, REDUCING ARREARAGES AND UNCOLLECTIBLE ACCOUNTS, AND ENCOURAGING ENERGY CONSERVATION WILL STABILIZE HOUSEHOLDS BY MAKING THE ENERGY BILLS MORE AFFORDABLE.

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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 $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

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
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