Hydrogen Fuel Cell Bus Council DC

EIN: 923667701 Science & Technology

Washington, DC

Total Revenue
$56,884
Total Expenses
$77,829
Total Assets
$114,182
Net Assets
$114,182
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DC
Principal Officer
Karl Gnadt
Phone
2022402857
Tax Period
2023-01-01 to 2023-12-31

Hydrogen Fuel Cell Bus Council DC, founded in 2022, is a micro nonprofit in the Science & Technology sector that reported $57K in total revenue in fiscal year 2023. Expenses of $78K exceeded revenue, resulting in a 37% operating deficit.

Mission

The missiion of Hydrogen Fuel Cell Bus Council is to educate policymakers, regulators and transportation stakeholders of the benefits of hydrogen fuel cell electric buses and related infrastructure

Program Service Accomplishments

Program 1
Expenses: $66,000

In 2023, the HFCBC advanced its mission of educating stakeholders of the benefits of hydrogen fuel cell electric buses and related infrastructure promoting key advances in hydrogen-based fuels and...

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In 2023, the HFCBC advanced its mission of educating stakeholders of the benefits of hydrogen fuel cell electric buses and related infrastructure promoting key advances in hydrogen-based fuels and the development of related infrastructure by providing in-depth comment letters and communicating with Federal officials on important policies. It made strides in advocating for continued advanced appropriations for the Low-No Emissions Bus Grant program as this funding helps both types of zero-emission buses, working to ensure that Low-No awards are fairly distributed by , educating Hill staff and others in the effort towards reasonable hydrogen production tax credit rules that stimulate a hydrogen economy, advocating for more federal funding to expand the DOE demand initiative to subsidize the price of hydrogen, and building relationships with more Members of Congress to increase issue-awareness and broaden support for hydrogen.

Program 2
Expenses: $3,816

The HFCBC hosted an annual meeting on october 8, 2023, for its members which included a summary of our recent activities such as submitting comments to IRS in support of certain 45V tax credit...

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The HFCBC hosted an annual meeting on october 8, 2023, for its members which included a summary of our recent activities such as submitting comments to IRS in support of certain 45V tax credit regulations,connecting aagencies with regional H@Hubs administered by the Department of Energy, and podcast appearances from Broad members. During the meeting, there was an election for the Boards, and a Q&A with Bruce Robinson, Associate Administrotor for Program Development from the Federal Trasit Administration.

Program 3

Hydrogen 101 Panel in Orlando on october 10th. The HFCBC organized a panel with representatives from the Council and another transportatin nonprofit for current and prospective members at a national...

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Hydrogen 101 Panel in Orlando on october 10th. The HFCBC organized a panel with representatives from the Council and another transportatin nonprofit for current and prospective members at a national transportation conference that had over 60 attendees. It featured presentations from HFCBC members about their experience with managing a fuel cell fleet in different geographies, climates, and routes. This event educated members and nonmembers alike about the necessary questions that need to be answered before pursuing a hydrogen program.

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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 $0
Program Service Revenue $56,884
Investment Income $0
Other Revenue $0
TOTAL REVENUE $56,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,816
Other Expenses $77,829
TOTAL EXPENSES $77,829

Year-over-Year Comparison

2023 2022 Change
Revenue $56,884 N/A N/A
Expenses $77,829 N/A N/A
Net Income $-20,945 N/A N/A
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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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karl Gnadt President 5.00
Director
$0 $0 $0
Doran Barnes Treasurer 1.00
Director
$0 $0 $0
Kirt Conrad Secretary 1.00
Director
$0 $0 $0
Lauren Skiver Vice President 1.00
Director
$0 $0 $0
MJ Maynard Trustee 1.00
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 $56,884 $77,829 $114,182 $-20,945
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