FUSION INDUSTRY ASSOCIATION

EIN: 863094674 Environment

Washington, DC

Total Revenue
$1,084,089
Total Expenses
$996,175
Total Assets
$246,515
Net Assets
$246,515
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DC
Principal Officer
Andrew Holland
Phone
2024862814
Tax Period
2023-01-01 to 2023-12-31

FUSION INDUSTRY ASSOCIATION, founded in 2021, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $996K left a modest 8% surplus.

Mission

The Fusion Industry Association is the unified voice of the growing fusion industry. Fusion energy, when commercialized, will revolutionize the global energy system by providing a clean, safe, sustainable form of always-on energy. The FIA's members and affiliate members have the common business interest of accelerating the date of commercial fusion energy, and - once commercialized - increasing its use in the U.S. and global marketplace. The FIA seeks to accelerate this date of commercialization through direct engagement with governments and the public to educate and advocate for fusion. All activities of the organization work to support these goals.

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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 $1,071,500
Program Service Revenue $12,589
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,084,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $312,369
Fundraising Expenses $0
Program Expenses $0
Other Expenses $683,806
TOTAL EXPENSES $996,175

Year-over-Year Comparison

2023 2022 Change
Revenue $1,084,089 $699,760 +0.5%
Expenses $996,175 $656,985 +0.5%
Net Income $87,914 $42,775 +1.1%
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
6
Independent Members
6
Employees
3
Volunteers
N/A

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
3
$218,370
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrew Holland Chief Executive Officer 40
Officer
$215,000 $3,370 $218,370
Christofer Mowry Director 1
Director
$0 $0 $0
David Edelman Director 1
Director
$0 $0 $0
Robert Mumgaard Director 1
Director
$0 $0 $0
Ryan Umstattd Director 1
Director
$0 $0 $0
Sachin Desai Director 1
Director
$0 $0 $0
Greg Twinney Director 1
Director
$0 $0 $0
Jennifer Ganten Treasurer 1
Officer
$0 $0 $0
Jeffrey Merrifield Secretary 1
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 No data No data No data No data
2023 $1,084,089 $996,175 $246,515 $87,914
2022 $699,760 $656,985 $174,601 $42,775
2021 $461,415 $357,073 $104,342 $104,342
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