Rocky Mountain Institute

EIN: 742244146 501(c)(3)

BOULDER, CO

Total Revenue
$164,733,491
Total Expenses
$160,014,972
Total Assets
$149,471,347
Net Assets
$103,772,584
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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
CO
Phone
3032451003
Tax Period
2023-07-01 to 2024-06-30

Rocky Mountain Institute, founded in 1982, is a major nonprofit that reported $164.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

We work with businesses, policymakers, and communities to scale energy efficiency and renewable energy solutions, reduce energy waste, and boost access to affordable clean energy.

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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 $124,078,624
Program Service Revenue $29,890,319
Investment Income $838,264
Other Revenue $9,926,284
TOTAL REVENUE $164,733,491

Expense Breakdown

Grants Paid $14,675,465
Salaries & Benefits $106,709,635
Fundraising Expenses $6,934,646
Program Expenses $134,760,574
Other Expenses $38,535,192
TOTAL EXPENSES $160,014,972

Year-over-Year Comparison

2023 2022 Change
Revenue $164,733,491 $139,396,668 +0.2%
Expenses $160,014,972 $141,157,018 +0.1%
Net Income $4,718,519 $-1,760,350 -3.7%
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
14
Independent Members
12
Employees
682
Volunteers
12

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
6
$1,616,869
Total Directors
20
$1,155,727
Key Employees
2
$821,603
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD WHITE BOARD CHAIR (END 12/23) 1.0
Officer Director
$0 $0 $0
JON CREYTS CHIEF EXECUTIVE OFFICER 40.0
Officer Director
$549,360 $52,291 $601,651
MARTHA C PICKETT General Counsel & Co-Chair 40.0
Officer Director
$427,426 $41,501 $468,927
SUMANT SINHA BOARD CHAIR (BEGIN 01/24) 1.0
Officer Director
$0 $0 $0
AMORY BLOCH LOVINS TRUSTEE / CONTRACTOR 1.0
Director
$85,149 $0 $85,149
ANJALI BANSAL TRUSTEE 1.0
Director
$0 $0 $0
AUDREY ZIBELMAN TRUSTEE 1.0
Director
$0 $0 $0
BRYAN J HANNEGAN TRUSTEE 1.0
Director
$0 $0 $0
CATHERINE COLEMAN FLOWERS TRUSTEE 1.0
Director
$0 $0 $0
DENNIS V MCGINN TRUSTEE 1.0
Director
$0 $0 $0
DR WEI DING TRUSTEE (END 12/23) 1.0
Director
$0 $0 $0
ELIZABETH ANN SALL TRUSTEE (END 12/23) 1.0
Director
$0 $0 $0
ENKI TAN TRUSTEE 1.0
Director
$0 $0 $0
GEORGE POLK TRUSTEE (END 12/23) 1.0
Director
$0 $0 $0
JESSICA UHL TRUSTEE 1.0
Director
$0 $0 $0
KANDEH YUMKELLA TRUSTEE 1.0
Director
$0 $0 $0
MA JUN TRUSTEE 1.0
Director
$0 $0 $0
MARTHA BROOKS TRUSTEE 1.0
Director
$0 $0 $0
STEVE DENNING TRUSTEE (END 1/24) 1.0
Director
$0 $0 $0
TODD STERN TRUSTEE (END 12/23) 1.0
Director
$0 $0 $0
HEATHER MCCREERY CHIEF FINANCIAL OFFICER 40.0
Officer
$375,677 $49,278 $424,955
HEIDI JOHNSON ASSISTANT SECRETARY 40.0
Officer
$91,691 $29,645 $121,336
JENNIFER STOKES CHIEF DEVELOPMENT OFFICER 40.0
Key Emp
$366,224 $35,426 $401,650
KYLIE ROGERS CHIEF PEOPLE OFFICER 40.0
Key Emp
$366,454 $53,499 $419,953
BRYAN FISHER MANAGING DIRECTOR 40.0
Highest
$370,586 $47,878 $418,464
JOSH HENRETIG MANAGING DIRECTOR 40.0
Highest
$368,826 $47,814 $416,640
LEIA GUCCIONE MANAGING DIRECTOR 40.0
Highest
$373,414 $16,751 $390,165
LENA HANSEN CHIEF STRATEGY OFFICER 40.0
Highest
$374,601 $32,691 $407,292
RUSHAD NANVATTY MANAGING DIRECTOR 40.0
Highest
$386,250 $16,073 $402,323
JULES KORTENHORST CEO (END 1/2023) 40.0
$282,318 $1,633 $283,951
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
2025 No data No data No data No data
2024 $164,733,491 $160,014,972 $149,471,347 $4,718,519
2023 $139,396,668 $141,157,018 $140,735,486 $-1,760,350
2022 $116,983,377 $107,203,385 $116,417,411 $9,779,992
2021 $115,107,316 $66,413,297 $107,274,324 $48,694,019
2020 $61,864,266 $52,619,733 $59,543,794 $9,244,533
2020 $61,864,266 $52,619,733 $59,543,794 $9,244,533
2019 $53,502,081 $44,945,015 $47,374,815 $8,557,066
2018 $42,315,984 $39,847,054 $38,235,339 $2,468,930
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