GRID ALTERNATIVES

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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

2002

Legal Domicile

Principal Officer

ERICA MACKIE

Phone

5107311310

Tax Period

2023-01-01 to 2023-12-31

GRID ALTERNATIVES, founded in 2002, is a mid-sized nonprofit in the Environment sector that reported $63.3M in total revenue in fiscal year 2023. Revenue surged 173% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25.7M, a strong 41% operating margin.

Mission

GRID ALTERNATIVES ENVISIONS A RAPID, EQUITABLE TRANSITION TO A WORLD POWERED BY RENEWABLE ENERGY THAT BENEFITS EVERYONE. OUR MISSION IS TO BUILD COMMUNITY-POWERED SOLUTIONS TO ADVANCE ECONOMIC AND ENVIRONMENTAL JUSTICE THROUGH RENEWABLE ENERGY.

Program Service Accomplishments

Program 1

Expenses: $27,611,083 Revenue: $13,721,664

GRID IS THE NATION'S LARGEST NONPROFIT INSTALLER OF CLEAN ENERGY TECHNOLOGIES, GRID DEVELOPS AND IMPLEMENTS RENEWABLE ENERGY PROJECTS THAT SERVE ECONOMIC AND ENVIRONMENTAL JUSTICE COMMUNITIES. GRID CREATES AND INSTALLS SOLAR PROJECTS THAT SERVE LOW-INCOME HOUSEHOLDS AND COMMUNITIES, AND IS ENABLING THESE COMMUNITIES TO ACCESS A VARIETY OF CLEAN MOBILITY AND BATTERY STORAGE INCENTIVE PROGRAMS. THROUGH OUR UNIQUE, PEOPLE-FIRST MODEL, WE ARE PUTTING MONEY BACK INTO FAMILIES' POCKETS, REDUCING THE ENERGY COST BURDEN FOR HOUSING PROVIDERS, AND JUMPSTARTING CLEAN ENERGY CAREERS. WE PARTNER WITH AFFORDABLE HOUSING ORGANIZATIONS, JOB TRAINING GROUPS, GOVERNMENT AGENCIES, MUNICIPALITIES, UTILITIES, TRIBES AND LOCAL COMMUNITIES TO MAKE CLEAN ENERGY A WIN FOR EVERYONE. GRID 'S PROGRAM ACCOMPLISHMENTS INCLUDE: NO-COST SOLAR INSTALLATIONS, HAND-ON SOLAR TRAINING, TECHNICAL ASSISTANCE AND SOLAR INSTALLATION FOR MULTIFAMILY AFFORDABLE HOUSING PROVIDERS, COMMUNITY/SHARED SOLAR PROJECT DEVELOPMENT AND IMPLEMENTATION, LOW INCOME SOLAR POLICY LEADERSHIP, LOW INCOME PROGRAM DESIGN AND IMPLEMENTATION, ENERGY ACCESS PROJECTS INTERNATIONALLY AND IN U.S. TRIBAL COMMUNITIES, AND CONNECTING LOW-INCOME COMMUNITIES WITH ELECTRIC VEHICLE PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $49,435,420

Program Service Revenue $13,721,664

Investment Income $46,026

Other Revenue $73,059

TOTAL REVENUE $63,276,169

Expense Breakdown

Grants Paid $2,363,422

Salaries & Benefits $16,074,397

Fundraising Expenses $1,441,774

Program Expenses $27,611,083

Other Expenses $19,160,779

TOTAL EXPENSES $37,598,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,276,169	$23,149,824	+1.7%
Expenses	$37,598,598	$33,998,773	+0.1%
Net Income	$25,677,571	$-10,848,949	-3.4%

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

210

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

$526,171

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY SEARS	CHIEF OPERATING OFFICER	40.00	Officer	$217,340	$13,262	$230,602
ERICA MACKIE	CHIEF EXECUTIVE OFFICER	32.00	Officer	$178,684	$2,320	$181,004
CHRISTOPHER WALKER	VP OF POLICY AND PROGRAMS	40.00	Highest	$166,423	$2,867	$169,290
SHAMIR CHAUHAN	DIRECTOR - COMMERCIAL BUSINESS DEV	40.00	Highest	$157,475	$9,200	$166,675
LUKASZ WOJTASZEK	PROGRAM MANAGEMENT OFFICER	40.00	Highest	$149,450	$9,116	$158,566
ANHDAI TRAN	VP OF REGIONS	40.00	Highest	$145,708	$7,414	$153,122
CHRISTIAN WEAVER	VICE PRESIDENT OF PHILANTHROPY	40.00	Highest	$139,409	$1,142	$140,551
HECTOR PENA	CHIEF FINANCIAL OFFICER	40.00	Officer	$111,111	$3,454	$114,565
BEN PASSER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PILAR THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
NOLAN HIGHBAUGH	SECRETARY	1.00	Officer Director	$0	$0	$0
HINA BALOCH	DIRECTOR	1.00	Director	$0	$0	$0
MELICIA CHARLES	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$63,276,169	$37,598,598	$63,289,155	$25,677,571
2022	$23,149,824	$33,998,773	$33,326,272	$-10,848,949
2021	$37,598,833	$28,083,267	$40,864,368	$9,515,566
2020	$27,084,220	$21,981,341	$30,271,553	$5,102,879
2019	$16,530,975	$21,283,249	$26,024,978	$-4,752,274
2018	$16,841,873	$23,393,211	$25,970,541	$-6,551,338