SUSTAINABLE ENERGY UTILITY INC

EIN: 263963904 501(c)(3) Environment

DOVER, DE

Total Revenue
$48,748,802
Total Expenses
$35,292,334
Total Assets
$162,588,182
Net Assets
$108,098,904
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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
2008
Legal Domicile
DE
Principal Officer
DREW SLATER
Phone
3028833038
Tax Period
2024-07-01 to 2025-06-30

SUSTAINABLE ENERGY UTILITY INC, founded in 2008, is a mid-sized nonprofit in the Environment sector that reported $48.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $13.5M, a strong 28% operating margin.

Mission

TO SERVE THE SUSTAINABLE ENERGY NEEDS OF ALL DELAWARE ENERGY CONSUMERS USING ALL FUELS.

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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 $39,712,351
Program Service Revenue $5,734,353
Investment Income $3,296,664
Other Revenue $5,434
TOTAL REVENUE $48,748,802

Expense Breakdown

Grants Paid $5,680,894
Salaries & Benefits $771,506
Fundraising Expenses $0
Program Expenses $33,574,483
Other Expenses $28,839,934
TOTAL EXPENSES $35,292,334

Year-over-Year Comparison

2024 2023 Change
Revenue $48,748,802 $44,956,278 +0.1%
Expenses $35,292,334 $35,165,402 +0.0%
Net Income $13,456,468 $9,790,876 +0.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
8
Volunteers
10

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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SENATOR HARRIS B MCDOWELL III CO-FOUNDER/M N/A
Director
$0 $0 $0
KRISTOPHER E KNIGHT TREASURER/SE N/A
Officer Director
$0 $0 $0
MICHAEL J CHAJES PHD BOARD MEMBER N/A
Director
$0 $0 $0
W CHARLES PARADEE III BOARD MEMBER N/A
Director
$0 $0 $0
SEAN FINNIGAN CHAIRMAN N/A
Officer Director
$0 $0 $0
STEPHANIE L HANSEN BOARD MEMBER N/A
Director
$0 $0 $0
RICHARD I G JONES JR BOARD MEMBER N/A
Director
$0 $0 $0
RIC MOORE BOARD MEMBER N/A
Director
$0 $0 $0
DREW SLATER EXECUTIVE DI 40.00
Highest
$135,000 $0 $135,000
JAMESON TWEEDIE BOARD MEMBER N/A
Director
$0 $0 $0
GREG PATTERSON BOARD MEMBER N/A
Director
$0 $0 $0
SUZANNE SEBASTIAN EMPLOYEE 40.00
Highest
$110,711 $0 $110,711
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
2025 $48,748,802 $35,292,334 $162,588,182 $13,456,468
2024 $44,956,278 $35,165,402 $153,963,213 $9,790,876
2023 $35,802,665 $33,792,966 $148,322,996 $2,009,699
2022 $34,793,273 $18,813,221 $151,005,842 $15,980,052
2021 $22,950,580 $17,337,155 $136,909,835 $5,613,425
2020 $18,397,638 $15,232,696 $133,777,968 $3,164,942
2019 $18,676,201 $12,945,197 $132,314,464 $5,731,004
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