Clean Energy Group Inc

EIN: 030359346 501(c)(3) Environment

Montpelier, VT

Total Revenue
$2,233,360
Total Expenses
$2,226,536
Total Assets
$2,685,348
Net Assets
$1,972,726
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
VT
Principal Officer
Anthony Vargo
Phone
8022232554
Tax Period
2024-07-01 to 2025-06-30

Clean Energy Group Inc, founded in 1998, is a community nonprofit in the Environment sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

Clean energy research and advocacy. Clean Energy Group promotes effective clean energy policies, develops low carbon technology innovation strategies and promotes new financial tools to strengthen the economy and stabilize climate change.

Program Service Accomplishments

Program 1
Expenses: $351,809 Revenue: $319,015

Finance - This program includes projects that identify new sources of capital, align the interests of the private and public sectors, and develop government and private sector interventions to...

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Finance - This program includes projects that identify new sources of capital, align the interests of the private and public sectors, and develop government and private sector interventions to overcome existing financing gaps to get zero carbon technology investment to scale.

Program 2
Expenses: $929,928 Revenue: $319,015

Policy - This program includes projects to educate the public and policy experts to move beyond pricing measures such as cap and trade to develop long term, complementary climate stabilization...

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Policy - This program includes projects to educate the public and policy experts to move beyond pricing measures such as cap and trade to develop long term, complementary climate stabilization policies that encourage massive technology innovation and deployment to drive the development of new clean energy technologies and markets.

Program 3
Expenses: $444,337 Revenue: $319,015

Technology - This programs includes projects to achieve climate stabilization by exploring how to incorporate technology innovation into new strategies, whose aim is to advance clean energy...

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Technology - This programs includes projects to achieve climate stabilization by exploring how to incorporate technology innovation into new strategies, whose aim is to advance clean energy technologies and to stabilize greenhouse emissions.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,234,764
Program Service Revenue $957,045
Investment Income $41,551
Other Revenue $0
TOTAL REVENUE $2,233,360

Expense Breakdown

Grants Paid $140,000
Salaries & Benefits $1,300,418
Fundraising Expenses $28,848
Program Expenses $1,726,074
Other Expenses $786,118
TOTAL EXPENSES $2,226,536

Year-over-Year Comparison

2024 2023 Change
Revenue $2,233,360 $1,758,144 +0.3%
Expenses $2,226,536 $1,817,734 +0.2%
Net Income $6,824 $-59,590 -1.1%
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

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Governance

Voting Members
6
Independent Members
5
Employees
23
Volunteers
5

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
5
$863,198
Total Directors
6
$233,447
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Vargo Treasurer CFO 040.00
Officer
$184,579 $56,651 $241,230
Warren Leon CESA Executive Director 036.00
Officer
$192,285 $41,636 $233,921
Seth Mullendore President 040.00
Officer Director
$181,252 $52,195 $233,447
Todd Olinsky-Paul Senior Project Director 040.00
Highest
$125,458 $72,908 $198,366
Maria Blais Costello Secretary 040.00
Officer
$105,599 $49,001 $154,600
Brian Keane Chair 001.00
Officer Director
$0 $0 $0
Logan Atkinson-Burke Co Chair 001.00
Director
$0 $0 $0
Shiva Prakash left during FY25 Director 001.00
Director
$0 $0 $0
Angela Tovar Director 001.00
Director
$0 $0 $0
Shiva Patel Director 001.00
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
2025 $2,233,360 $2,226,536 $2,685,348 $6,824
2024 $1,758,144 $1,817,734 $2,741,097 $-59,590
2023 $1,850,660 $1,524,095 $2,604,369 $326,565
2022 $1,345,864 $1,401,199 $2,127,727 $-55,335
2021 $1,391,524 $1,701,324 $2,221,398 $-309,800
2020 $1,544,822 $1,752,904 $2,453,831 $-208,082
2019 $2,741,916 $1,835,433 $2,802,719 $906,483
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