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 PROVIDES DEEPLY DISCOUNTED ELECTRICITY CREDITS TO APPROXIMATELY 12,000 LOW-INCOME RATEPAYERS IN THE IMPERIAL IRRIGATION DISTRICT (IID), FROM ITS 39-MEGAWATT LOW-INCOME COMMUNITY SOLAR...
CITIZENS PROVIDES DEEPLY DISCOUNTED ELECTRICITY CREDITS TO APPROXIMATELY 12,000 LOW-INCOME RATEPAYERS IN THE IMPERIAL IRRIGATION DISTRICT (IID), FROM ITS 39-MEGAWATT LOW-INCOME COMMUNITY SOLAR PROJECT CITIZENS IMPERIAL SOLAR, LLC COMMISSIONED IN 2019. A COMBINATION OF FREE ELECTRICITY FUNDED FROM CITIZENS SUNRISE TRANSMISSION LLC (CST) AND LOW-COST WHOLESALE ELECTRICITY SOLD DIRECTLY TO IID PROVIDES APPROXIMATELY $4.2 MILLION OF ELECTRICITY SAVINGS PER YEAR TO NEEDY RATEPAYERS STRUGGLING TO STAY COOL IN THE REGION'S 115-DEGREE HEAT.
IN 2019, CITIZENS BEGAN A PROGRAM TO PROVIDE INCREASED ACCESS TO THE BENEFITS OF ELECTRIC VEHICLE (EV) TRANSPORTATION TO DISADVANTAGED COMMUNITIES IN SAN DIEGO COUNTY BY PROVIDING FUNDING TO PURCHASE...
IN 2019, CITIZENS BEGAN A PROGRAM TO PROVIDE INCREASED ACCESS TO THE BENEFITS OF ELECTRIC VEHICLE (EV) TRANSPORTATION TO DISADVANTAGED COMMUNITIES IN SAN DIEGO COUNTY BY PROVIDING FUNDING TO PURCHASE EV'S TO NON-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO LOW-INCOME FAMILIES. FUNDING FOR THIS PROGRAM COMES FROM CITIZENS SYCAMORE-PENASQUITOS TRANSMISSION, LLC (CSPT). IN 2023, THIS PROGRAM FUNDED GRANTS TO PROVIDE EV VANS AND THE ASSOCIATED CHARGING INFRASTRUCTURE TO TWO CRITICALLY IMPORTANT NON-PROFIT ORGANIZATIONS: NEIGHBORHOOD HOUSE ASSOCIATION (HTTPS://WWW.NEIGHBORHOODHOUSE.ORG/), AND MEALS ON WHEELS OF SAN DIEGO COUNTY (WWW.MEALS-ON-WHEELS.ORG).
CITIZENS ENERGY SHELTER WINTER ASSISTANCE PROGRAM: SINCE 1984, CITIZENS ENERGY HAS CONTRIBUTED GRANTS TO OVER 125 HOMELESS SHELTERS IN MASSACHUSETTS AND RHODE ISLAND TO COVER THEIR ENERGY COSTS...
CITIZENS ENERGY SHELTER WINTER ASSISTANCE PROGRAM: SINCE 1984, CITIZENS ENERGY HAS CONTRIBUTED GRANTS TO OVER 125 HOMELESS SHELTERS IN MASSACHUSETTS AND RHODE ISLAND TO COVER THEIR ENERGY COSTS DURING THE WINTER SEASON.
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 |
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