PACIFIC NORTHWEST HYDROGEN ASSOCIA… - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

JACLYN WOODSON

Phone

2536327906

Tax Period

2024-01-01 to 2024-12-31

PACIFIC NORTHWEST HYDROGEN ASSOCIATION, founded in 2022, is a mid-sized nonprofit in the Community Improvement sector that reported $14.0M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.1M, a strong 58% operating margin.

Mission

THE PACIFIC NORTHWEST HYDROGEN ASSOCIATION (PNWH2) IS A MULTI-STATE NONPROFIT COALITION OF PUBLIC AND PRIVATE PARTNERS PLANNING TO CREATE A HYDROGEN NETWORK IN THE PACIFIC NORTHWEST, CALLED THE PNWH2 HUB, TO DEVELOP AND BRING TO MARKET CLEAN HYDROGEN POWER SOLUTIONS THAT CAN HELP US MEET THE NATIONS CLEAN ENERGY GOALS.

Program Service Accomplishments

Program 1

Expenses: $4,302,339 Revenue: $3,000

THE CREATION OF A HYDROGEN NETWORK TO DEVELOP AND BRING CLEAN HYDROGEN SOLUTIONS TO THE MARKET.

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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 $13,979,545

Program Service Revenue $3,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,982,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,761

Fundraising Expenses $0

Program Expenses $5,844,531

Other Expenses $5,485,826

TOTAL EXPENSES $5,870,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,982,545	$6,002,247	+1.3%
Expenses	$5,870,587	$1,542,424	+2.8%
Net Income	$8,111,958	$4,459,823	+0.8%

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

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

$214,330

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS GREEN	PRESIDENT	1.00	Officer	$145,810	$0	$145,810
JACLYN WOODSON	DIRECTOR	40.00	Officer	$68,520	$0	$68,520

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	$13,982,545	$5,870,587	$13,932,235	$8,111,958
2023	$6,002,247	$1,542,424	$19,440,330	$4,459,823
2022	$382,300	$196,508	$219,925	$185,792

PACIFIC NORTHWEST HYDROGEN ASSOCIATION