NET-NEGATIVE CO2 BASELOAD POWER INC

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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

Steven Eric Winberg

Phone

5095217784

Tax Period

2023-01-01 to 2023-12-31

NET-NEGATIVE CO2 BASELOAD POWER INC, founded in 2021, is a small nonprofit in the Environment sector that reported $270K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $253K left a modest 6% surplus.

Mission

Advance technology-based solutions to climate change. (The benefits accrue broadly to society and industry. the benefits are not focused on specific individuals or companies.)

Program Service Accomplishments

Program 1

Educated industry, regulators, and policymakers on how coal/biomass electricity generation with carbon capture & storage can be part of addressing climate change and grid reliability challenges.

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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 $270,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $270,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,000

Fundraising Expenses $0

Program Expenses $0

Other Expenses $102,935

TOTAL EXPENSES $252,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,000	$310,000	-0.1%
Expenses	$252,935	$260,962	0.0%
Net Income	$17,065	$49,038	-0.7%

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

N/A

Employees

N/A

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

$150,000

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven E Winberg	Director, CEO and President	16	Officer Director	$75,000	$0	$75,000
Kenneth K Humphreys	CFO, Secretary and Treasurer	16	Officer	$75,000	$0	$75,000

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	$270,000	$252,935	$145,349	$17,065
2022	$310,000	$260,962	$108,284	$49,038