SMART 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

2001

Legal Domicile

Principal Officer

BRIAN KEANE

Phone

2026747509

Tax Period

2024-01-01 to 2024-12-31

SMART POWER INC, founded in 2001, is a small nonprofit in the Environment sector that reported $382K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $317K, a strong 83% operating margin.

Mission

TO PROMOTE CLEAN ENERGY (ENERGY FROM SOURCES SUCH AS WIND, SOLAR AND WATER) BY USING TRADITIONAL AND COLLABORATIVE MARKETING TECHNIQUES. OUR PUBLIC AWARENESS AND CUSTOMER ACQUISITION CAMPAIGNS SEEK TO BUILD CLEAN ENERGY MARKETS FROM STATE TO STATE AND ACROSS THE NATION.

Program Service Accomplishments

Program 1

TO PROMOTE CLEAN ENERGY (ENERGY FROM SOURCES SUCH AS WIND, SOLAR AND WATER) BY USING TRADITIONAL

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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 $382,004

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $382,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,471

Fundraising Expenses $0

Other Expenses $57,208

TOTAL EXPENSES $64,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,004	$475,846	-0.2%
Expenses	$64,679	$365,907	-0.8%
Net Income	$317,325	$109,939	+1.9%

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

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

$63,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KEANE	OFFICER	40	Officer	$63,141	$0	$63,141

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	$382,004	$64,679	$93,000	$317,325
2023	$475,846	$365,907	$249,100	$109,939
2022	$466,715	$870,968	$176,237	$-404,253
2021	$657,113	$700,741	$214,153	$-43,628
2020	$501,738	$378,546	$170,373	$123,192
2019	$359,873	$357,312	$80,710	$2,561
2018	$635,728	$696,993	$83,831	$-61,265