EFFICIENCY FORWARD INC

EIN: 043323169 501(c)(3) Environment

MEDFORD, MA

Total Revenue
$7,798,382
Total Expenses
$8,580,664
Total Assets
$5,345,453
Net Assets
$4,002,599
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
CHRISTINA HALFPENNY
Phone
3015889387
Tax Period
2024-01-01 to 2024-12-31

EFFICIENCY FORWARD INC, founded in 1996, is a community nonprofit in the Environment sector that reported $7.8M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $8.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

EFFICIENCY FORWARD, INC. IS A NON-PROFIT THAT ADMINISTERS AND RUNS THE DLC.THE DESIGNLIGHTS CONSORTIUM (DLC) IS A NON-PROFIT ORGANIZATION WITH A MISSION TO ACHIEVE ENERGY OPTIMIZATION BY ENABLING CONTROLLABILITY WITH A FOCUS ON QUALITY, PEOPLE, AND THE ENVIRONMENT.AS A NON-PROFIT, THE DLC IS COMMITED TO IMPROVING ENERGY EFFICIENCY FOR COMMERCIAL LIGHTING THROUGHOUT NORTH AMERICA, AND TO MAKING A POSITIVE CLIMATE IMPACT WORLDWIDE. IT'S OUR GOAL TO PROVIDE A TRUSTED, IMPARTIAL ASSESSMENT OF THE INDUSTRY'S HIGHEST PERFORMING LIGHTING PRODUCTS AND SYSTEMS TO BOOST CONSUMER TRUST AND ADOPTION OF THE TECHNOLOGIES THAT SAVE THE MOST ENERGY.

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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 $0
Program Service Revenue $7,625,329
Investment Income $173,053
Other Revenue $0
TOTAL REVENUE $7,798,382

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,640,265
Fundraising Expenses $0
Program Expenses $7,384,318
Other Expenses $4,940,399
TOTAL EXPENSES $8,580,664

Year-over-Year Comparison

2024 2023 Change
Revenue $7,798,382 $9,405,051 -0.2%
Expenses $8,580,664 $9,308,626 -0.1%
Net Income $-782,282 $96,425 -9.1%
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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Governance

Voting Members
6
Independent Members
6
Employees
27
Volunteers
6

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
$524,330
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGINA DURGA BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
CARLOS NOUEL BOARD TREASURER 2.00
Officer Director
$0 $0 $0
ALECIA WARD BOARD CLERK 2.00
Officer Director
$0 $0 $0
PAT LO BOARD MEMBER 2.00
Director
$0 $0 $0
LARISSA PAREDES MUSE BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT JOHNSTONE BOARD MEMBER 2.00
Director
$0 $0 $0
CHRISTINA HALFPENNY EXECUTIVE DIRECTOR 40.00
Officer
$258,813 $25,092 $283,905
STEPHEN WHITE CHIEF OPERATING OFFICER 40.00
Officer
$207,011 $33,414 $240,425
AARON FELDMAN SENIOR TECHNICAL OPERATIONS MANAGER 40.00
Highest
$137,201 $7,347 $144,548
LEVIN NOCK PROGRAM DIRECTOR 40.00
Highest
$139,809 $16,691 $156,500
LIESEL WHITNEY-SCHULTE PROGRAM DIRECTOR 40.00
Highest
$153,294 $26,438 $179,732
LEORA RADETSKY TECHNICAL MANAGER 40.00
Highest
$151,793 $33,474 $185,267
STUART BERJANSKY TECHNICAL DIRECTOR 40.00
Highest
$172,541 $34,466 $207,007
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 $7,798,382 $8,580,664 $5,345,453 $-782,282
2023 $9,405,051 $9,308,626 $6,092,707 $96,425
2022 $10,711,915 $10,522,957 $6,429,055 $188,958
2021 $9,722,584 $9,845,181 $5,907,697 $-122,597
2020 $9,460,162 $9,868,920 $7,191,963 $-408,758
2019 $10,840,631 $9,553,152 $6,657,769 $1,287,479
2018 $11,751,851 $10,655,202 $5,856,843 $1,096,649
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