STATEWIDE ENERGY EFFICIENCY AND RENEWABLES ADMINISTRATION INC

EIN: 260189586 Community Improvement

LACROSSE, WI

Total Revenue
$101,983,271
Total Expenses
$95,066,506
Total Assets
$62,691,470
Net Assets
$55,329,346
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
WI
Principal Officer
RICH STASIK
Phone
6087854198
Tax Period
2023-01-01 to 2023-12-31

STATEWIDE ENERGY EFFICIENCY AND RENEWABLES ADMINISTRATION INC, founded in 2007, is a major nonprofit in the Community Improvement sector that reported $102.0M in total revenue in fiscal year 2023. Expenses of $95.1M left a modest 7% surplus.

Mission

2005 WISCONSIN ACT 141 (ACT 141) PROVIDES THAT THE INVESTOR-OWNED ELECTRIC AND GAS UTILITIES MUST COLLECTIVELY ESTABLISH AND FUND THE STATEWIDE ENERGY EFFICIENCY AND RENEWABLE ENERGY PROGRAMS. TO FULFILL THEIR OBLIGATIONS UNDER ACT 141, THE ENERGY UTILITIES HAVE FORMED THE STATEWIDE ENERGY EFFICIENCY AND RENEWABLES ADMINISTRATION, INC. (SEERA). SEERA WAS ESTABLISHED TO COLLECT, DISBURSE AND MANAGE FUNDS FOR THE FOCUS ON ENERGY (FOCUS) PROGRAM. WISCONSIN POLICY REGARDING ENERGY EFFICIENCY AND ENERGY FROM RENEWABLE RESOURCES HAS BEEN SUBSTANTIALLY SHAPED BY THREE ACTS. 1993 WISCONSIN ACT 414 (ACT 414) CREATED A PRIORITY LIST OF ENERGY SOURCES AND REQUIRED THE PUBLIC SERVICE COMMISSION OF WISCONSIN (PSCW) AND OTHER AGENCIES TO IMPLEMENT THE PRIORITIES IN MAKING ALL ENERGY-RELATED DECISIONS AND ORDERS. IT ALSO ADDRESSED THE EFFICIENT USE OF ENERGY IN PUBLIC AND PRIVATE BUILDINGS, SMALL SCALE SOLAR AND WIND ENERGY GENERATION, AND RELATED TOPICS. 1999 WISCONSIN ACT 9 (ACT 9) ESTABLISHED PROGRAMS TO PROMOTE ENERGY EFFICIENCY AND RENEWABLE ENERGY AND TO PROVIDE ENERGY ASSISTANCE TO LOW-INCOME HOUSEHOLDS, BOTH ADMINISTERED BY THE WISCONSIN DEPARTMENT OF ADMINISTRATION (DOA). IT ALSO CREATED A RENEWABLE PORTFOLIO STANDARD (RPS), A REQUIREMENT THAT ELECTRIC UTILITIES AND RETAIL ELECTRIC COOPERATIVES SELL MINIMUM AMOUNTS OF RENEWABLE ELECTRICITY, EXPRESSED AS A PERCENTAGE OF THE TOTAL ELECTRICITY A UTILITY OR COOPERATIVE SELLS. THE RPS ESTABLISHED BY ACT 9 WOULD REACH ITS MAXIMUM AT 2.2% IN 2012. WISCONSIN ACT 141 MODIFIED AND BUILT ON THE POLICIES CREATED BY THOSE ACTS. THIS ACT: REPLACED THE DOA ENERGY EFFICIENCY AND RENEWABLE RESOURCE PROGRAMS WITH PROGRAMS THE UTILITIES CREATE AND FUND. THE UTILITIES ALSO SELECT AND ESTABLISH CONTRACTS WITH ONE OR MORE PROGRAM ADMINISTRATORS TO IMPLEMENT THE PROGRAMS.; ESTABLISHED A NEW AND AND MORE AMBITIOUS RPS, INTENDED TO RESULT IN 10% OF STATE WIDE USE OF ELECTRICITY BEING FROM RENEWABLE SOURCES.; LIMITED THE APPLICATION OF THE ACT 414 ENERGY PRIORITY LIST IN CERTAIN PSCW PROCEEDINGS.; CREATED NEW INITIATIVES TO PROMOTE THE EFFICIENT USE OF ENERGY IN STATE FACILITIES, INTENDED TO RESULT IN 20% OF THE STATE'S OWN USE OF ELECTRICITY BEING FROM RENEWABLE SOURCES, AND NEW REQUIREMENTS REGARDING ENERGY CODES FOR PRIVATE BUILDINGS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $98,993,788
Program Service Revenue $9,289
Investment Income $2,979,998
Other Revenue $196
TOTAL REVENUE $101,983,271

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $95,066,506
TOTAL EXPENSES $95,066,506

Year-over-Year Comparison

2023 2022 Change
Revenue $101,983,271 $101,503,352 +0.0%
Expenses $95,066,506 $104,705,221 -0.1%
Net Income $6,916,765 $-3,201,869 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICH STASIK CHAIRPERSON 0.50
Officer Director
$0 $0 $0
LORI DRILLING VICE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
JOSCY SKANDEL SECRETARY 0.50
Officer Director
$0 $0 $0
RACHEL REINWAND TREASURER 0.50
Officer Director
$0 $0 $0
MATTHEW SPENCER TREASURER 0.50
Officer Director
$0 $0 $0
JP BRUMMOND DIRECTOR 0.50
Director
$0 $0 $0
DAVE DAHLBERG DIRECTOR 0.50
Director
$0 $0 $0
MARTHA W PIEPGRAS DIRECTOR 0.50
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 $101,983,271 $95,066,506 $62,691,470 $6,916,765
2022 $101,503,352 $104,705,221 $56,801,968 $-3,201,869
2021 $99,926,553 $90,160,195 $63,794,129 $9,766,358
2020 $99,130,653 $96,199,672 $51,450,920 $2,930,981
2019 $102,903,231 $108,095,450 $45,494,791 $-5,192,219
2018 $103,175,336 $124,520,926 $61,206,063 $-21,345,590
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