Research Triangle Cleantech Cluster

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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

DEBORAH WOJCIK

Phone

9193344078

Tax Period

2022-07-01 to 2023-06-30

Research Triangle Cleantech Cluster, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $293K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $448K exceeded revenue, resulting in a 53% operating deficit.

Mission

RESEARCH TRIANGLE CLEANTECH CLUSTER'S MISSION IS TO ACCELERATE CLEANTECH INNOVATION AND ADOPTION IN THE RESEARCH TRIANGLE REGION AND BEYOND.

Program Service Accomplishments

Program 1

RESEARCH TRIANGLE CLEANTECH CLUSTER'S MISSION IS TO ACCELERATE CLEANTECH INNOVATION AND ADOPTION IN THE RESEARCH TRIANGLE REGION AND BEYOND. THE ORGANIZATION'S PROGRAM OF WORK, DEVELOPED WITH ITS...

RESEARCH TRIANGLE CLEANTECH CLUSTER'S MISSION IS TO ACCELERATE CLEANTECH INNOVATION AND ADOPTION IN THE RESEARCH TRIANGLE REGION AND BEYOND. THE ORGANIZATION'S PROGRAM OF WORK, DEVELOPED WITH ITS MEMBERS AND PARTNERS, SEEKS TO EXTEND AND HIGHLIGHT NORTH CAROLINA'S CLEANTECH STRENGTHS, CREATE CHANNELS OF COLLABORATION, AND NURTURE OPPORTUNITIES FOR HISTORY-SHAPING INNOVATION IN CLEAN ENERGY SYSTEMS, SMART UTILITY TECHNOLOGIES, AND CLEAN TRANSPORTATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $285,110

Program Service Revenue $8,343

Investment Income $0

Other Revenue $0

TOTAL REVENUE $293,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,104

Fundraising Expenses $0

Other Expenses $59,905

TOTAL EXPENSES $448,009

Year-over-Year Comparison

	2022	2021	Change
Revenue	$293,453	$358,792	-0.2%
Expenses	$448,009	$343,255	+0.3%
Net Income	$-154,556	$15,537	-10.9%

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

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

$133,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deborah Wojick	Executive Dir.	40.00	Officer	$133,976	$0	$133,976
Norm Sowards	Director	2.00	Director	$0	$0	$0
David Hatcher	Chairman	6.00	Officer Director	$0	$0	$0
Gary Rackliffe	Director	2.00	Director	$0	$0	$0
Tammy Zucco	Vice President	4.00	Officer Director	$0	$0	$0
Eric Dupont	Treasurer	4.00	Officer Director	$0	$0	$0
Jason Norman	Director	2.00	Director	$0	$0	$0
Linda Palmer	Director	2.00	Director	$0	$0	$0
Chris Mack	Director	2.00	Director	$0	$0	$0
Aaron Westrick	Director	2.00	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$293,453	$448,009	$286,793	$-154,556
2022	$358,792	$343,255	$419,816	$15,537
2021	$292,194	$238,735	$397,593	$53,459
2020	$468,945	$342,598	$349,210	$126,347