SMART CARBON NETWORK

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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

2023

Legal Domicile

Principal Officer

Joe Heinrich

Phone

5633573572

Tax Period

2023-01-01 to 2023-12-31

SMART CARBON NETWORK, founded in 2023, is a small nonprofit that reported $798K in total revenue in fiscal year 2023.

Mission

to educate citizens and bring awareness to the benefits and the safety of carbon capture utilization and storage technologies and thereby promote the common business interests of companies in the same lines of business as its members.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

SCN partnered with local third-part groups in IA IL and SD for educational events around carbon capture. The executive director ED along with the assistance of in-state consultants in IA IL and SD...

SCN partnered with local third-part groups in IA IL and SD for educational events around carbon capture. The executive director ED along with the assistance of in-state consultants in IA IL and SD reached out to interested citizens and third parties and requested informational meetings to discuss carbon capture. The ED provided citizens and third-party groups with SCN educational materials that discussed the need for carbon capture. The materials consist of palm cards leave behinds and links to SCNs online channels of communication. The ED and the in-state consultants followed up with various citizens and third parties and kept them updated on the issue. the ED also participated in deskside briefings and interviews with local earned media in IA IL and SD.

Program 2

Expenses: $0 Revenue: $0

SCN reached out to relevant state legislators and requested informational meetings to discuss carbon capture. SCN provided elected officials and their staff with an overall view of SCN and its...

SCN reached out to relevant state legislators and requested informational meetings to discuss carbon capture. SCN provided elected officials and their staff with an overall view of SCN and its purpose of education on carbon capture within the state. The ED provided materials that discussed the need for carbon capture.

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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 $798,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $798,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,485

Fundraising Expenses $0

Program Expenses $0

Other Expenses $762,643

TOTAL EXPENSES $821,128

Year-over-Year Comparison

	2023	2022	Change
Revenue	$798,100	N/A	N/A
Expenses	$821,128	N/A	N/A
Net Income	$-23,028	$0	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

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

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

$55,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles McConnell	Director and Secretary	1.00	Officer Director	$10,000	$0	$10,000
Steve Wellman	Chair	1.00	Director	$0	$0	$0
Elizabeth Worrell	Director and Treasurer	1.00	Officer Director	$0	$0	$0
Joe Heinrich	Executive Director	25.00	Officer	$45,000	$0	$45,000

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
2023	$798,100	$821,128	$160,832	$-23,028