NATIONAL WIND TECHNOLOGY CONSORTIU… - Form 990 Financial Data

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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

2018

Legal Domicile

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 NATIONALLY FOCUSED ON SUPPORTING SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST, COLLABORATING ON PRIORITIZED ACTIVITIES TO REDUCE THE COST OF ENERGY OF OFFSHORE WIND IN THE US WHILE MAXIMIZING ECONOMIC AND SOCIAL BENEFITS FOR THE PUBLIC THROUGH INNOVATIONS THAT REDUCE TECHNICAL AND SUPPLY CHAIN BARRIERS AND BUILD STRONG NETWORKS.

Program Service Accomplishments

Program 1

Expenses: $6,377,023

THE CONSORTIUM WORKED ON BUILDING SUPPORT FROM PRIVATE AND PUBLIC SOURCES TO CHART A PATH THAT WILL SUSTAIN AMERICAN LEADERSHIP IN OFFSHORE WIND DEVELOPMENT THROUGH UTILIZATION OF A MARKET-PULL...

THE CONSORTIUM WORKED ON BUILDING SUPPORT FROM PRIVATE AND PUBLIC SOURCES TO CHART A PATH THAT WILL SUSTAIN AMERICAN LEADERSHIP IN OFFSHORE WIND DEVELOPMENT THROUGH UTILIZATION OF A MARKET-PULL APPROACH; THE CONSORTIUM PRIORITIZES RESEARCH DIRECTLY APPLICABLE TO THE TECHNICAL BARRIERS THAT OFFSHORE WIND AND TRANSMISSION DEVELOPERS, OEM AND SUPPLY CHAIN PARTNERS FACE. THE CONSORTIUM IS WORKING TO DELIVER TECHNICAL SOLUTIONS TO REDUCE THE LCOE FOR U.S. OFFSHORE WIND PLANTS AND INCREASE OPPORTUNITIES FOR U.S. MANUFACTURING.

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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 $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

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

$273,240

Total Directors

Key Employees

Highest Compensated

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

NATIONAL WIND TECHNOLOGY CONSORTIUM INC