BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CITIZENS ENERGY CORPORATION, founded in 1979, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $4.8M exceeded revenue, resulting in a 81% operating deficit.
CITIZENS ENERGY CORPORATION PROVIDES LOW-COST ENERGY SERVICES TO LOW-INCOME FAMILIES IN THE U.S. BY DEVELOPING SUCCESSFUL ENERGY PROJECTS AND USING THE PROFITS TO FUND ASSISTANCE PROGRAMS. CITIZENS ENERGY CORPORATION EXISTS TO HELP MAKE LIFE'S BASIC NEEDS MORE ACCESSIBLE AND AFFORDABLE. BEGINNING IN 1979 WITH OIL-TRADING VENTURES IN LATIN AMERICA AND AFRICA, CITIZENS ENERGY CORPORATION HAS USED REVENUES FROM COMMERCIAL ENTERPRISES TO CHANNEL HUNDREDS OF MILLIONS OF DOLLARS INTO CHARITABLE PROGRAMS IN THE UNITED STATES AND ABROAD. WHETHER HEATING THE HOMES OF THE ELDERLY AND POOR IN MASSACHUSETTS, LOWERING THE COST OF PRESCRIPTION DRUGS FOR MILLIONS OF AMERICANS, STARTING SOLAR HEATING PROJECTS IN JAMAICA AND VENEZUELA, OR PROVIDING LOW-COST SOLAR ELECTRICITY TO LOW-INCOME FAMILIES THROUGH OUR COMMUNITY SOLAR PROJECTS, CITIZENS ENERGY CORPORATION CREATES SOCIAL VENTURES AS INNOVATIVE AS THE BUSINESSES THAT FINANCE THEM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,652,163 | $1,841,369 | +0.4% |
| Expenses | $4,804,872 | $3,892,819 | +0.2% |
| Net Income | $-2,152,709 | $-2,051,450 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PETER F SMITH | CEO | 4.00 |
Officer
|
$42,431 | $147,719 | $1,075,661 |
| ERNEST J PANOS | CFO | 4.00 |
Officer
|
$33,901 | $53,758 | $683,528 |
| JOSEPH P KENNEDY III | PRESIDENT | 4.00 |
Officer
|
$22,784 | $38,601 | $457,443 |
| JOSEPH P KENNEDY II | CHAIRMAN | 1.00 |
Director
|
$0 | $28,823 | $422,315 |
| TIMOTHY J MINOGUE | CONTROLLER | 10.00 |
Highest
|
$38,762 | $49,928 | $346,977 |
| BRIAN O'CONNOR | DIRECTOR OF COMMUNICATIONS | 20.00 |
Highest
|
$80,736 | $43,774 | $305,246 |
| KRISTINA PEREZ | DIRECTOR OF CHARITABLE PRO | 40.00 |
Highest
|
$162,460 | $33,954 | $196,414 |
| GINETTE TRASK | EXEC. ASSIST TO CHAIR, CEO | 10.00 |
Highest
|
$20,781 | $31,363 | $166,988 |
| ELIZABETH KENNEDY | DIRECTOR OF MARKETING, RET | 0.00 |
|
$0 | $0 | $143,776 |
| RANDY GREENE | DIRECTOR | 1.00 |
Director
|
$2,000 | $0 | $2,000 |
| PATRICK JONES | DIRECTOR | 1.00 |
Director
|
$2,000 | $0 | $2,000 |
| EVELYN MURPHY | DIRECTOR | 1.00 |
Director
|
$2,000 | $0 | $2,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,652,163 | $4,804,872 | $113,286,893 | $-2,152,709 |
| 2022 | $1,841,369 | $3,892,819 | $112,380,570 | $-2,051,450 |
| 2021 | $4,368,479 | $3,572,627 | $91,449,217 | $795,852 |
| 2020 | $2,261,973 | $3,185,452 | $86,943,083 | $-923,479 |
| 2019 | $2,479,756 | $3,278,669 | $101,133,782 | $-798,913 |
| 2018 | $2,506,231 | $3,229,389 | $70,932,673 | $-723,158 |
Compare CITIZENS ENERGY CORPORATION with other nonprofits in Massachusetts and across the country.