NREL FOUNDATION (EIN 863498248) - 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

2021

Legal Domicile

Principal Officer

ALAN SIMON

Phone

3038988474

Tax Period

2023-01-01 to 2023-12-31

NREL FOUNDATION, founded in 2021, is a community nonprofit in the Environment sector that reported $5.4M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $4.9M left a modest 10% surplus.

Mission

The NREL Foundation serves as a bridge between the National Renewable Energy Laboratory NREL and financial resources to help accelerate the renewable energy mission.

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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 $5,112,938

Program Service Revenue $274,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,387,438

Expense Breakdown

Grants Paid $2,385

Salaries & Benefits $162,284

Fundraising Expenses $59,439

Program Expenses $4,635,983

Other Expenses $4,705,589

TOTAL EXPENSES $4,870,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,387,438	$5,833,953	-0.1%
Expenses	$4,870,258	$6,336,950	-0.2%
Net Income	$517,180	$-502,997	-2.0%

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

$106,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristin Gray	Executive Director	20.00	Officer	$106,468	$0	$106,468
Alan Simon	President	10.00	Officer Director	$0	$0	$0
Mary Wenzel	Treasurer resigned	5.00	Officer Director	$0	$0	$0
Barbara Goodman	Secretary	5.00	Officer Director	$0	$0	$0
Owen Barwell	Treasurer June 2023	5.00	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	No data	No data	No data	No data
2023	$5,387,438	$4,870,258	$1,834,096	$517,180
2022	$5,833,953	$6,336,950	$816,894	$-502,997
2021	$1,370,193	$754	$1,369,439	$1,369,439

NREL FOUNDATION