HYDROPOWER RESEARCH INSTITUTE (EIN 831332319) - Form 990 Financial Analysis & Trantor Score

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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

KIRK HUDSON

Phone

5096614265

Tax Period

2024-01-01 to 2024-12-31

HYDROPOWER RESEARCH INSTITUTE, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 42% operating deficit.

Mission

BENEFIT THE HYDROPOWER INDUSTRY THROUGH AGGREGATION AND ANALYSIS OF DATA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,474,123

Investment Income $10,234

Other Revenue $0

TOTAL REVENUE $1,484,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,108,988

TOTAL EXPENSES $2,108,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,484,357	$1,420,000	+0.0%
Expenses	$2,108,988	$1,241,758	+0.7%
Net Income	$-624,631	$178,242	-4.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRK W HUDSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOSEPH KESSLER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA MARTINDALE	SECRETARY	7.00	Officer Director	$0	$0	$0
WYATT WILLIAMS	TREASURER (OUTGOING)	2.00	Officer	$0	$0	$0
INGRID MILLER	TREASURER	3.00	Officer	$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
2024	$1,484,357	$2,108,988	$3,144,435	$-624,631
2023	$1,420,000	$1,241,758	$3,658,746	$178,242
2022	$524,195	$407,110	$2,495,508	$117,085
2021	$1,201,454	$374,849	$2,519,988	$826,605
2020	$1,021,374	$364,785	$1,651,867	$656,589

HYDROPOWER RESEARCH INSTITUTE