Advanced Energy Institute

EIN: 800373801 501(c)(3) Environment

Washington, DC

Total Revenue
$21,329,832
Total Expenses
$9,764,948
Total Assets
$19,995,175
Net Assets
$17,639,779
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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
2009
Legal Domicile
DC
Principal Officer
Heather O'Neill
Phone
2023801950
Tax Period
2023-01-01 to 2023-12-31

Advanced Energy Institute, founded in 2009, is a mid-sized nonprofit in the Environment sector that reported $21.3M in total revenue in fiscal year 2023. Revenue surged 169% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.6M, a strong 54% operating margin.

Mission

None

Program Service Accomplishments

Program 1
Expenses: $3,295,311

Driving technology adoption: U.S. energy policy is primarily determined at the state and local level and Advanced Energy Institute ("Institute") carries out its mission by providing a platform for...

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Driving technology adoption: U.S. energy policy is primarily determined at the state and local level and Advanced Energy Institute ("Institute") carries out its mission by providing a platform for the discussion of advanced energy issues and the development of policy frameworks for use by a range of state and regional stakeholders across various states. In articulating the public benefits of advanced energy, the Institute shares communications expertise and policy analyses of the advanced energy business sector with state and regional partner organizations, policy makers and other interested parties.

Program 2
Expenses: $2,476,579

Expanding Wholesale Markets: This initiative seeks to eliminate barriers to the participation of advanced energy technologies in competitive wholesale markets. This work includes, but is not limited...

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Expanding Wholesale Markets: This initiative seeks to eliminate barriers to the participation of advanced energy technologies in competitive wholesale markets. This work includes, but is not limited to, reforming legal independent system operator and regional transmission organization (ISO/RTO) market rules and operating practices that restrict or limit the ability of advanced energy technologies to participate in the markets, pursuing new market designs that better accomodate and take advantage of the unique physical and operational characteristics of advanced energy technologies, and opposing market rule proposals that would unfairly disadvantage advanced energy technologies or give undue preference to incumbent technologies.

Program 3
Expenses: $906,139

Decision maker education and engagement: The Institute works to help state regulators, state energy office officials, and candidates for governor and legislature better understand advanced energy...

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Decision maker education and engagement: The Institute works to help state regulators, state energy office officials, and candidates for governor and legislature better understand advanced energy products, services, and business models. Through engagement, business roundtables, and educational forums, the Institute educates candidates, commissioners, energy office officials, and staff members about the benefits advanced energy technologies and services can provide to customers and the electric power system and helps to solve the challenges in obtaining these benefits.

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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 $21,188,340
Program Service Revenue $0
Investment Income $141,492
Other Revenue $0
TOTAL REVENUE $21,329,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,607,193
Fundraising Expenses $531,546
Program Expenses $8,091,150
Other Expenses $3,157,755
TOTAL EXPENSES $9,764,948

Year-over-Year Comparison

2023 2022 Change
Revenue $21,329,832 $7,914,899 +1.7%
Expenses $9,764,948 $7,249,048 +0.3%
Net Income $11,564,884 $665,851 +16.4%
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
3
Independent Members
3
Employees
N/A
Volunteers
50

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
4
$471,901
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sudeen Kelly Chair 1.00
Officer Director
$0 $0 $0
Hemant Taneja Director 1.00
Director
$0 $0 $0
Ted White Director 1.00
Director
$0 $0 $0
Matt Rogers Director 1.00
Director
$0 $0 $0
Audrey Zibelman Director 1.00
Director
$0 $0 $0
Robert Kreamer CEO (Ending 02/23) 18.00
Officer
$109,078 $5,995 $115,073
Heather O'Neill President & CEO 16.00
Officer
$210,930 $18,226 $229,156
Allison Ingram Treasurer 16.00
Officer
$101,586 $26,086 $127,672
Hannah Polikov Managing Director 28.00
Highest
$125,758 $36,033 $161,791
Nathan Willcox Managing Director 28.00
Highest
$125,541 $14,466 $140,007
Amisha Rai VP of Policy and Advocacy 24.00
Highest
$120,629 $25,072 $145,701
Caitlin Marquis Managing Director 28.00
Highest
$114,492 $18,819 $133,311
James Tolbert Sr. Director, State Policy 20.00
Highest
$107,034 $30,826 $137,860
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 $21,329,832 $9,764,948 $19,995,175 $11,564,884
2022 $7,914,899 $7,249,048 $9,540,786 $665,851
2021 $7,173,171 $5,579,566 $6,391,509 $1,593,605
2020 $5,176,077 $4,573,904 $5,253,245 $602,173
2019 $4,793,686 $4,466,549 $3,431,956 $327,137
2018 $4,551,548 $4,283,174 $3,028,708 $268,374
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