CALCEF INNOVATIONS (EIN 261339988) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

DANNY KENNEDY

Phone

4159570167

Tax Period

2023-01-01 to 2023-12-31

CALCEF INNOVATIONS, founded in 2007, is a mid-sized nonprofit in the Environment sector that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 29% operating margin.

Mission

GROW CLEAN ENERGY MARKETS AND ACCELERATE ADOPTION OF CLEAN ENERGY TECHNOLOGY IN EQUITABLE MANNER.

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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 $15,808,402

Program Service Revenue $465,380

Investment Income $227,899

Other Revenue $503

TOTAL REVENUE $16,502,184

Expense Breakdown

Grants Paid $695,033

Salaries & Benefits $4,822,178

Fundraising Expenses $579,171

Program Expenses $9,513,627

Other Expenses $6,171,196

TOTAL EXPENSES $11,688,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,502,184	$7,571,267	+1.2%
Expenses	$11,688,407	$6,295,095	+0.9%
Net Income	$4,813,777	$1,276,172	+2.8%

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

N/A

Volunteers

N/A

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

$453,671

Total Directors

Key Employees

$326,398

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IAN ROGOFF	CHAIRMAN	3.00	Officer Director	$0	$0	$0
JON FOSTER	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHEL GELOBTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRI PITTMAN HOWARD TO 121623	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIA-LIN SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
HORST SIMON RESIGNED TO 4323	BOARD MEMBER	1.00	Director	$0	$0	$0
P KEVIN SMITH TO 4323	BOARD MEMBER	1.00	Director	$0	$0	$0
DANNY KENNEDY	EXECUTIVE DIRECTOR	19.44	Officer	$0	$38,440	$260,390
CHRISTINA BORSUM	CFO	21.46	Officer	$0	$9,586	$193,281
REBECCA LEE	MANAGING DIRECTOR OF CA	6.62	Key Emp	$0	$0	$157,500
ELIZABETH ANDREWS	CHIEF DEVELOPMENT OFFICER	40.06	Key Emp	$0	$8,415	$168,898
GRACE NITAFAN	CONTROLLER	20.55	Highest	$0	$13,657	$169,379
TRISTAN TREMSCHNIG	COMMUNICATIONS DIRECTOR	17.98	Highest	$0	$6,924	$145,420

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	$16,502,184	$11,688,407	$23,001,145	$4,813,777
2022	$7,571,267	$6,295,095	$11,791,350	$1,276,172
2021	$8,813,623	$6,640,563	$15,783,035	$2,173,060
2020	$6,453,752	$4,956,528	$12,588,503	$1,497,224
2020	$6,487,013	$5,127,883	$12,442,678	$1,359,130
2019	$2,655,581	$4,411,052	$10,744,198	$-1,755,471
2018	$16,032,751	$3,020,727	$13,743,521	$13,012,024
2018	$16,032,751	$3,020,727	$13,743,521	$13,012,024

CALCEF INNOVATIONS