NATIONAL WIND TECHNOLOGY CONSORTIUM INC

EIN: 824740333 501(c)(3) Environment

ALBANY, NY

Total Revenue
$7,199,798
Total Expenses
$6,801,596
Total Assets
$3,384,553
Net Assets
$1,285,952
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
LYNDIE HICE-DUNTON
Phone
8488633269
Tax Period
2023-01-01 to 2023-12-31

NATIONAL WIND TECHNOLOGY CONSORTIUM INC, founded in 2018, is a community nonprofit in the Environment sector that reported $7.2M in total revenue in fiscal year 2023. Expenses of $6.8M left a modest 6% surplus.

Mission

THE CONSORTIUM IS A NATIONALLY FOCUSED ORGANIZATION SUPPORTING SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST, COLLABORATING ON PRIORITIZED ACTIVITIES TO REDUCE THE COST OF ENERGY OF OFFSHORE WIND IN THE US FOR THE PUBLIC.

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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 $7,143,501
Program Service Revenue $0
Investment Income $0
Other Revenue $56,297
TOTAL REVENUE $7,199,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,105,125
Fundraising Expenses $0
Program Expenses $6,377,023
Other Expenses $5,696,471
TOTAL EXPENSES $6,801,596

Year-over-Year Comparison

2023 2022 Change
Revenue $7,199,798 $6,913,016 +0.0%
Expenses $6,801,596 $6,484,793 +0.0%
Net Income $398,202 $428,223 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
6
Volunteers
30

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
5
$273,240
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT CATELL CHAIR 1.00
Officer Director
$0 $0 $0
SAMUEL ARONSON SECRETARY 0.50
Officer Director
$0 $0 $0
NILS BOLGEN DIRECTOR 0.50
Director
$0 $0 $0
ROBERT BRABSTON DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL BROWN DIRECTOR 0.50
Director
$0 $0 $0
JOHN BRUCKNER DIRECTOR 0.50
Director
$0 $0 $0
ANTOINE COGNARD DIRECTOR 0.50
Director
$0 $0 $0
CELINA CUNNINGHAM DIRECTOR 0.50
Director
$0 $0 $0
ADRIENNE DOWNEY DIRECTOR 0.50
Director
$0 $0 $0
ERIC COFFMAN DIRECTOR 0.50
Director
$0 $0 $0
DOREEN HARRIS DIRECTOR 0.50
Director
$0 $0 $0
SCOTT LUNDIN DIRECTOR 0.50
Director
$0 $0 $0
JAN MATTHIESEN VICE CHAIR 0.50
Officer Director
$0 $0 $0
STUART NACHMIAS TREASURER 0.50
Officer Director
$0 $0 $0
RUTH PERRY DIRECTOR 0.50
Director
$0 $0 $0
RON SCHOFF DIRECTOR 0.50
Director
$0 $0 $0
WOJCIECH WIECHOWSKI DIRECTOR 0.50
Director
$0 $0 $0
DAVID ASH DIRECTOR 0.50
Director
$0 $0 $0
DOUG PFEISTER DIRECTOR 0.50
Director
$0 $0 $0
CARRIE HITT DIRECTOR 0.50
Director
$0 $0 $0
AL CHRISTOPHER DIRECTOR 0.50
Director
$0 $0 $0
TIM ZANDES DIRECTOR 0.50
Director
$0 $0 $0
JOANNE LANGSDORF DIRECTOR 0.50
Director
$0 $0 $0
JAN KLAASSEN DIRECTOR 0.50
Director
$0 $0 $0
CAMERON WILLARD DIRECTOR 0.50
Director
$0 $0 $0
YASSAR BANGASH DIRECTOR 0.50
Director
$0 $0 $0
KEVIN HANSON DIRECTOR 0.50
Director
$0 $0 $0
LYNDIE HICE-DUNTON EXECUTIVE DIRECTOR 40.00
Officer
$262,731 $10,509 $273,240
MELANIE SCHULTZ PROGRAM MANAGER 40.00
Highest
$133,659 $15,322 $148,981
CHRISTINE SLOAN DEPUTY EXECUTIVE DIRECTOR 40.00
Highest
$159,444 $8,515 $167,959
KORI GROENVELD SENIOR PROGRAM MANAGER 40.00
Highest
$131,788 $7,878 $139,666
JULIAN FRAIZE PROGRAM MANAGER 40.00
Highest
$124,193 $8,406 $132,599
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 $7,199,798 $6,801,596 $3,384,553 $398,202
2022 $6,913,016 $6,484,793 $2,567,833 $428,223
2021 $2,465,652 $2,295,123 $2,138,543 $170,529
2020 $1,082,053 $1,076,238 $1,366,232 $5,815
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