CLIMATE VAULT

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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

2020

Legal Domicile

Principal Officer

ERIN TRAPP

Phone

8448285848

Tax Period

2023-12-01 to 2024-11-30

CLIMATE VAULT, founded in 2020, is a community nonprofit in the Environment sector that reported $6.0M in total revenue in fiscal year 2023. The organization ran a surplus of $4.3M, a strong 72% operating margin.

Mission

TO LOWER THE CONCENTRATION OF GREENHOUSE GASES IN THE ATMOSPHERE TO SLOW AND EVEN REVERSE THE EFFECTS OF CLIMATE CHANGE.

Program Service Accomplishments

Program 1

Expenses: $185,644

REDUCE # OF CARBON ALLOWANCES AVAILABLE FOR CO2 EMITTERS IN ORDER TO ULTIMATELY REDUCE THE CO2 BEING EMITTED IN THE ATMOSPHERE.THE PROGRAM INVOLVES THE PURCHASE OF OFFSET ALLOWANCES, WHICH ARE...

REDUCE # OF CARBON ALLOWANCES AVAILABLE FOR CO2 EMITTERS IN ORDER TO ULTIMATELY REDUCE THE CO2 BEING EMITTED IN THE ATMOSPHERE.THE PROGRAM INVOLVES THE PURCHASE OF OFFSET ALLOWANCES, WHICH ARE CAPITALIZED AS PROGRAM RELATED INVESTMENTS, WHICH REDUCES FUTURE CARBON DIOXIDE EMISSIONS BY "VAULTING" THEM. THIS PREVENTS CARBON-EMITTING-COMPANIES FROM PURCHASING THOSE SAME ALLOWANCES AND CAPPING FUTURE CARBON DIOXIDE EMISSIONS. THE INTENTION TO MONETIZE SOME OF THE CARBON DIOXIDE ALLOWANCES IN ITS VAULT TO AWARD GRANTS TO PROMISING, CUTTING-EDGE RESEARCH AND TECHNOLOGY AIMED AT MAKING CARBON DIOXIDE REMOVAL MORE EFFECTIVE.

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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 $5,513,745

Program Service Revenue $0

Investment Income $477,806

Other Revenue $0

TOTAL REVENUE $5,991,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,657

Fundraising Expenses $1,048,457

Program Expenses $185,644

Other Expenses $685,180

TOTAL EXPENSES $1,672,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,991,551	$6,037,896	0.0%
Expenses	$1,672,901	$3,281,999	-0.5%
Net Income	$4,318,650	$2,755,897	+0.6%

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

$55,500

Total Directors

$63,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN TRAPP	EXECUTIVE CHAIR	10.00	Officer Director	$55,500	$0	$55,500
HAROLD HALL	DIRECTOR	3.00	Director	$7,500	$0	$7,500
MICHAEL GREENSTONE	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
BALA SRINIVASAN	DIRECTOR	3.00	Director	$0	$0	$0
DON WILSON	DIRECTOR	3.00	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
2024	$5,991,551	$1,672,901	$18,574,921	$4,318,650
2023	$6,037,896	$3,281,999	$14,423,088	$2,755,897
2022	$5,293,047	$3,914,428	$9,733,950	$1,378,619
2021	$6,863,447	$2,116,723	$7,854,784	$4,746,724