POWER THE FUTURE INC

EIN: 822785231

BEVERLY, MA

Total Revenue
$2,510,373
Total Expenses
$2,246,619
Total Assets
$592,769
Net Assets
$573,348
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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
2017
Legal Domicile
DE
Principal Officer
CHARLES GANTT
Phone
6173036826
Tax Period
2024-01-01 to 2024-12-31

POWER THE FUTURE INC, founded in 2017, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 11% surplus.

Mission

POWER THE FUTURE HAS THE MISSION OF OFFERING FACTS AND RESEARCH TO ENRICH THE NATIONAL CONVERSATION ON ENERGY, THROUGH ENGAGEMENT AT THE LOCAL LEVEL AND INTERACTION WITH THE MEDIA. WE HIGHLIGHT THE TRUTH ABOUT ENERGY WHILE UNMASKING AGENDAS, EXPOSING HYPOCRISY, AND STRIVING TO REDUCE HYPERBOLE IN THE DEBATE ABOUT ENERGY. OUR WORK IS DEDICATED TO THE MEN AND WOMEN WHO "POWER THE FUTURE" THROUGH THEIR HARD WORK, SWEAT, AND GRIT. EVERY TIME WE TURN ON A LIGHT OR START UP OUR CAR, WHETHER CONSCIOUSLY OR NOT, WE ARE ACKNOWLEDGING THEIR LABOR AND SAYING THANK YOU.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,510,373
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,510,373

Expense Breakdown

Grants Paid $12,750
Salaries & Benefits $714,234
Fundraising Expenses $30,087
Program Expenses $1,753,465
Other Expenses $1,519,635
TOTAL EXPENSES $2,246,619

Year-over-Year Comparison

2024 2023 Change
Revenue $2,510,373 $2,255,730 +0.1%
Expenses $2,246,619 $2,118,825 +0.1%
Net Income $263,754 $136,905 +0.9%
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
4
Independent Members
3
Employees
3
Volunteers
3

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
3
$315,393
Total Directors
4
$315,393
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES GANTT TREASURER 5.00
Officer Director
$0 $0 $0
DANIEL TURNER EXECUTIVE DIRECTOR/DIRECTOR 40.00
Officer Director
$265,758 $49,635 $315,393
JARED LELAND DIRECTOR 1.00
Officer Director
$0 $0 $0
ROBERT TURNER DIRECTOR 1.00
Director
$0 $0 $0
RICHARD WHITBECK JR AK STATE DIRECTOR (UNTIL 11/30/24) 40.00
Highest
$145,363 $21,963 $167,326
LAURENCE BEHRENS NEW MEXICO STATE DIRECTOR 40.00
Highest
$167,511 $35,137 $202,648
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 $2,510,373 $2,246,619 $592,769 $263,754
2023 $2,255,730 $2,118,825 $320,094 $136,905
2022 $1,809,549 $2,042,223 $198,788 $-232,674
2021 $1,879,669 $2,014,120 $454,363 $-134,451
2020 $1,342,898 $1,535,116 $544,814 $-192,218
2019 $2,130,591 $1,945,183 $736,519 $185,408
2018 $2,080,392 $1,679,330 $546,624 $401,062
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