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)

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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.

Program Service Accomplishments

Program 1
Expenses: $51,471,713 Revenue: $20,442,130

DECARBONIZING KEY SECTORS: - RMI's BUILDINGS PROGRAM DRIVES A CLEAN ENERGY TRANSITION IN THE GLOBAL BUILDINGS SECTOR BY ADOPTING A WHOLE-SYSTEMS APPROACH. WE WORK TO ADVANCE CLEAN TECHNOLOGY IN THE...

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DECARBONIZING KEY SECTORS: - RMI's BUILDINGS PROGRAM DRIVES A CLEAN ENERGY TRANSITION IN THE GLOBAL BUILDINGS SECTOR BY ADOPTING A WHOLE-SYSTEMS APPROACH. WE WORK TO ADVANCE CLEAN TECHNOLOGY IN THE GLOBAL BUILDING SECTOR THAT LOWERS HOUSING COST BURDENS AND IMPROVES HOUSING QUALITY, CREATING A SAFE AND HEALTHY BUILT ENVIRONMENT FOR ALL. - RMI's ELECTRICITY PROGRAM WORKS WITH PARTNERS TO CREATE AND SCALE SOLUTIONS THAT DEPLOY CLEAN ENERGY TECHNOLOGIES WHILE MAINTAINING ENERGY RELIABILITY, EXPANDING ENERGY ACCESS, AND IMPROVING AFFORDABILITY. WE SUPPORT US UTILITIES IN PLANNING, PROVIDE INDEPENDENT ANALYSIS ON CHINA'S USE OF WIND AND SOLAR TO MEET ITS GROWING ELECTRICITY DEMAND, AND TRANSFORM UTILITY BUSINESS MODELS TO SUPPORT CLEAN ENERGY INVESTMENT IN THE GLOBAL SOUTH. - RMI's TRANSPORTATION PROGRAM SPEARHEADS A RAPID AND EQUITABLE TRANSITION TO A CLEAN TRANSPORTATION FUTURE IN INDIA, CHINA, THE UNITED STATES, AND THE GLOBAL SOUTH. GLOBALLY, OUR WORK WILL ACCELERATE THE ELECTRIFICATION OF TWO- AND THREE-WHEELERS, TRUCKS, AND FACILITATE INVESTMENT IN EV INFRASTRUCTURE FOR ALL. - CLIMATE-ALIGNED INDUSTRIES ENGAGES WITH THE PUBLIC AND PRIVATE SECTORS TO KICK- START FIRST-OF-A-KIND INDUSTRIAL PROJECTS THAT ACCELERATE THE DEPLOYMENT OF CLEAN ENERGY WORLDWIDE FOR HEAVY INDUSTRY. WITH PARTNERS, WE LEVERAGE "HUBS" TO COMPLETE FIRST-MOVER COMMERCIAL SCALE PROJECTS, ENCOURAGE THE BUILD-OUT OF GREEN HYDROGEN, AND ACCELERATE CARBON DIOXIDE REMOVAL PROJECTS.

Program 2
Expenses: $37,159,980 Revenue: $4,714,796

SCALING SOLUTIONS AROUND THE WORLD: - RMI CHINA ACCELERATES DECARBONIZATION OF THE COUNTRY'S BIGGEST CARBON-PRODUCING SECTORS, OFFERING IN-DEPTH, INDEPENDENT TECHNICAL EXPERTISE AND SOLUTION-BASED...

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SCALING SOLUTIONS AROUND THE WORLD: - RMI CHINA ACCELERATES DECARBONIZATION OF THE COUNTRY'S BIGGEST CARBON-PRODUCING SECTORS, OFFERING IN-DEPTH, INDEPENDENT TECHNICAL EXPERTISE AND SOLUTION-BASED IMPLEMENTATION STRATEGIES TO HELP CHINA REACH CLEAN ENERGY AND EMISSIONS REDUCTION TARGETS. - THE GLOBAL SOUTH PROGRAM WORKS ON THE GROUND TO ACCELERATE THE ENERGY TRANSITION, HELPING EMPOWER, CONNECT, AND ELEVATE VOICES IN AFRICA, SOUTHEAST ASIA, THE CARIBBEAN, AND BEYOND TO DEVELOP THE LABOR AND SKILLS NEEDED TO BE PART AND BENEFIT FROM THE ENERGY TRANSITION. - RMI INDIA SUPPORTS THE TRANSFORMATION OF INDIA'S ECONOMY FOR A CLEAN, THRIVING, AND INCLUSIVE ENERGY FUTURE, ALIGNED WITH THE COUNTRY'S BOLD AMBITION TO ACHIEVE A NET-ZERO ECONOMY BY 2070. - THE US PROGRAM RAISES THE AMBITION AND IMPACT OF US FEDERAL AND STATE CLIMATE POLICY, HELPING CREATE TANGIBLE EXAMPLES TO SHOW THAT MEASURES TO BOOST RENEWABLE ENERGY AND REDUCE ENERGY WASTE ARE NOT ONLY POSSIBLE BUT ARE ECONOMICALLY AND SOCIALLY ADVANTAGEOUS. - URBAN TRANSFORMATION HELPS CITIES IMPLEMENT AND ACT ON THEIR CLIMATE PLANS TO REDUCE EMISSIONS, ENHANCE LIVABILITY AND INCREASE RESILIENCE FOR ALL. - ENERGY TRANSITION "SUPER TEAM" BRINGS TOGETHER EXPERTS FROM ACROSS THE INSTITUTE TO DEVELOP INNOVATIVE AND INCLUSIVE FINANCIAL APPROACHES TO THE TRANSITION TO CLEAN ENERGY. THESE APPROACHES CAN MOBILIZE CAPITAL AND ALIGN STAKEHOLDERS FOR A FASTER ENERGY TRANSITION.

Program 3
Expenses: $33,153,047 Revenue: $3,301,932

APPLYING POWERFUL MARKET CATALYSTS: - THE CLIMATE FINANCE ACCESS NETWORK HELPS DEVELOPING COUNTRIES SECURE AND STRUCTURE FINANCE FOR CLIMATE INVESTMENTS, WITH A FOCUS ON SMALL ISLAND DEVELOPING...

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APPLYING POWERFUL MARKET CATALYSTS: - THE CLIMATE FINANCE ACCESS NETWORK HELPS DEVELOPING COUNTRIES SECURE AND STRUCTURE FINANCE FOR CLIMATE INVESTMENTS, WITH A FOCUS ON SMALL ISLAND DEVELOPING STATES (SIDS) AND LEAST DEVELOPED COUNTRIES (LDCS) IN AFRICA, THE PACIFIC ISLANDS, AND THE CARIBBEAN. - CLIMATE INTELLIGENCE MAKES EMISSIONS VISIBLE - IMPROVING ACCESS TO TIMELY, TRUSTWORTHY DATA THAT CAN HELP DRIVE CLIMATE-ALIGNED DECISIONS AND TRANSACTIONS GLOBALLY. - CLIMATE-ALIGNED FINANCE PARTNERS WITH THE FINANCE COMMUNITY TO BUILD THE INFRASTRUCTURE AND SOLUTIONS NECESSARY TO ALIGN THE GLOBAL FINANCE SECTOR'S ACTIONS WITH EQUITABLE, CONCRETE CARBON REDUCTION GOALS. WE SUPPORT EMERGING ECONOMIES AND DEVELOPING COUNTRIES TO BREAK DOWN ROADBLOCKS TO CLIMATE FINANCE, AND PROVIDE ANALYSIS TO MAXIMIZE US INVESTMENTS IN THE ENERGY TRANSITION. - THE ENERGY TRANSITION ACADEMY IS A LEADERSHIP, CAPACITY, AND WORKFORCE DEVELOPMENT PLATFORM FOR ENERGY LEADERS AROUND THE WORLD. IT OFFERS TOOLS AND SERVICES TO ADVANCE PROJECTS, PROGRAMS, AND POLICIES THAT WILL EMPOWER COMMUNITIES ACROSS THE GLOBAL SOUTH TO BOOST THEIR RESILIENCE TO CLIMATE HAZARDS AND SEIZE CLEAN ENERGY OPPORTUNITIES. - STRATEGY TEAM (FORMERLY PORTFOLIO IMPACT ACCELERATOR AND STRATEGIC ANALYSIS AND ENGAGEMENT) MAXIMIZES RMI'S IMPACT BY PROVIDING PORTFOLIO-LEVEL STRATEGIC INSIGHTS AND INTELLIGENCE, BOTH INTERNALLY AND EXTERNALLY, SUPPORTING STRATEGIC ENGAGEMENT WITH CRITICAL STAKEHOLDERS, DRIVING OUR ORGANIZATIONAL STRATEGY PLANNING PROCESS, AND SUPPORTING STRATEGY COUNCIL DECISION MAKING. - THIRD DERIVATIVE GUIDES AND SUPPORTS THE CLIMATE TECH ENTREPRENEURS WHO ARE DEVELOPING AND INNOVATING CUTTING-EDGE CLEAN TECH SOLUTIONS, CONNECTING THEM WITH A VAST AND DIVERSE NETWORK OF EXPERTS, CORPORATE PARTNERS, AND INVESTORS TO HELP THESE STARTUPS GO TO MARKET FASTER AND ADVANCE CLIMATE TECH INNOVATION.

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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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Liquidity & Cash Position

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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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