Houston Advanced Research Center

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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

Principal Officer

John L Hall

Phone

2813646000

Tax Period

2023-01-01 to 2023-12-31

Houston Advanced Research Center, founded in 1982, is a community nonprofit in the Science & Technology sector that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

To use independent research in air, water, climate and equity issues, developing sustainable solutions to improve the quality of life for generations to come. Continued on Schedule O.Our Mission: HARC applies science to drive energy, air, water, and resilience solutions for a sustainable and equitable future. Our Vision: HARC envisions a world where:- Natural resources are sustainably used and equitably distributed;- The economy is viable and ensures the well-being of current and future generations;- Society is fully engaged in the stewardship and enrichment of nature; and- Effective action is consistently taken to ensure all communities thrive.

Program Service Accomplishments

Program 1

Expenses: $2,787,288 Revenue: $526,984

HARC's energy research program includes identifying and supporting cost-effective, practical energy solutions to speed the transition to a decarbonized system. Making the transition to clean energy will require a coordinated effort led by non-partisan entities. HARC's continued effort will guide policymakers and industry leaders toward improvements in areas such as electric power resilience, energy efficiency, distributed energy resources, and low impact oil and gas exploration.(Continued on Schedule O)The key research objectives of the energy research program are: - Accelerate the adoption of resilient clean energy technologies.- Provide applied research to increase the implementation of clean energy policies.- Create solutions that lessen the environmental and social impacts of oil and gas development.

Program 2

Expenses: $1,591,943 Revenue: $127,116

HARC's water research program emphasizes water quality and quantity, watershed management, biodiversity and ecological function, and ecosystem informatics. HARC compiles and analyzes numerous...

HARC's water research program emphasizes water quality and quantity, watershed management, biodiversity and ecological function, and ecosystem informatics. HARC compiles and analyzes numerous databases describing environmental quality, biological and water resources, and aquatic and terrestrial habitats. Integration, analysis, and dissemination of information regarding important water issues is considered key to advancing more sustainable management of coastal watersheds, water supplies, and water quality.(Continued on Schedule O)The key research objectives of the water research program are: - Analyze the links between water researchers, ecosystems and people in support of watershed planning, coastal management, and the provision of ecosystem services.- Provide applied research to increase the implementation of clean water quality policies.- Deliver information and resources for the greater region through targeted research programs.

Program 3

Expenses: $438,142 Revenue: $78,777

HARC's air quality research and management program includes air quality modeling, emission reduction technologies, emissions monitoring technology and policy. In addition, researchers study regional impacts of and adaptations to climate change. The air research program is multi-disciplinary and multi-institutional; objective and non-partisan. The result is a dynamic partnership that integrates rigorous research and policy assessment in a way that has become a HARC trademark in the region.Key research objectives:- Advance the science of regional air quality monitoring and modeling. - Develop emissions-reducing technology. - Communicate climate change science and policy.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,122,027

Program Service Revenue $732,877

Investment Income $27

Other Revenue $3,614

TOTAL REVENUE $6,858,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,321,643

Fundraising Expenses $161,154

Program Expenses $4,817,373

Other Expenses $2,767,177

TOTAL EXPENSES $7,088,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,858,545	$5,532,701	+0.2%
Expenses	$7,088,820	$6,337,307	+0.1%
Net Income	$-230,275	$-804,606	-0.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$626,135

Total Directors

$386,431

Key Employees

$241,838

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John L Hall	President & CEO	40.00	Officer Director	$349,934	$36,497	$386,431
J Todd Mitchell	Chairman	10.00	Officer Director	$0	$0	$0
Cullen Geiselman PhD	Vice Chair	1.00	Officer Director	$0	$0	$0
Ray Cline PhD	Director	0.25	Director	$0	$0	$0
Margaret V Cox	Director	0.25	Director	$0	$0	$0
Lisa A Gonzalez	Director	0.25	Director	$0	$0	$0
Ramanan Krishnamoorti PhD	Director	0.25	Director	$0	$0	$0
L James Lester PhD	Director	0.25	Director	$0	$0	$0
B Greg Mitchell PhD	Director	0.25	Director	$0	$0	$0
Paul Nelson	Director	0.25	Director	$0	$0	$0
Thaddeus Bo Smith	Director	0.25	Director	$0	$0	$0
Bruce Tough JD	Director	0.25	Director	$0	$0	$0
Spiros Vassilakis	Director	1.00	Director	$0	$0	$0
Robert Travis	VP - Business Operations	40.00	Officer	$211,129	$28,575	$239,704
Stephanie Glenn	VP - Water Research	40.00	Key Emp	$205,866	$35,972	$241,838
Stacy Smith	Director of Communications	40.00	Highest	$150,113	$9,777	$159,890
Marina Badoian	Strategy, External Affairs Director	40.00	Highest	$143,890	$32,236	$176,126
Scott Gall	Business Administration Manager	40.00	Highest	$120,635	$8,401	$129,036
Carlos G Lopez	Director of Clean Energy	40.00	Highest	$134,199	$28,856	$163,055
Melissa Lanclos	Sr. Geospatial, Analytics Manager	40.00	Highest	$128,329	$8,834	$137,163

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	$6,858,545	$7,088,820	$6,979,342	$-230,275
2022	$5,532,701	$6,337,307	$7,372,966	$-804,606
2021	$5,176,623	$5,162,521	$7,621,223	$14,102
2021	$5,176,623	$11,755,632	$1,028,112	$-6,579,009
2020	$8,266,698	$4,598,099	$7,863,283	$3,668,599
2019	$3,901,927	$4,397,999	$7,730,628	$-496,072
2018	$4,805,079	$4,398,012	$8,404,008	$407,067