VIRGINIA RENEWABLE ENERGY ALLIANCE

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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

2014

Legal Domicile

Principal Officer

CLIONA MARY ROBB

Phone

8042882950

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA RENEWABLE ENERGY ALLIANCE, founded in 2014, is a small nonprofit that reported $295K in total revenue in fiscal year 2024. Expenses of $335K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE VIRGINIA RENEWABLE ENERGY ALLIANCE (VA-REA) PROMOTES THE DEVELOPMENT, USE, AND COMMERCIALIZATION OF RENEWABLE ENERGY TO INCREASE BUSINESS OPPORTUNITIES FOR INDUSTRY TO HELP ACHIEVE THE COMMONWEALTH'S GROWING ENERGY DEMANDS WHILE ALSO IMPROVING THE COMMONWEALTH'S OVERALL ECONOMY AND ENVIRONMENT AND PROMOTING EDUCATION ON RENEWABLE ENERGY.

Program Service Accomplishments

Program 1

THROUGHOUT 2024, VA-REA ACTIVELY PROMOTED THE DEVELOPMENT OF RENEWABLE ENERGY IN THE COMMONWEALTH OF VIRGINIA THROUGH A RANGE OF EDUCATIONAL PROGRAMS, STAKEHOLDER CONVENINGS, AND ORGANIZATIONAL...

THROUGHOUT 2024, VA-REA ACTIVELY PROMOTED THE DEVELOPMENT OF RENEWABLE ENERGY IN THE COMMONWEALTH OF VIRGINIA THROUGH A RANGE OF EDUCATIONAL PROGRAMS, STAKEHOLDER CONVENINGS, AND ORGANIZATIONAL INITIATIVES. IN APRIL, VA-REA HOSTED A GENERAL ASSEMBLY RECAP WEBINAR, OFFERING MEMBERS A DETAILED SUMMARY OF KEY ENERGY LEGISLATION FROM THE 2024 SESSION. ON MAY 1ST, VA-REA CONVENED STAKEHOLDERS FOR A TARGETED SOLAR CONVENING ON LAND USE AND PERMITTING, FOSTERING ALIGNMENT AMONG DEVELOPERS, LOCAL GOVERNMENTS, AND POLICY LEADERS. IN OCTOBER, VA-REA CO-HOSTED THE SIXTH ANNUAL VIRGINIA CLEAN ENERGY SUMMIT (VACES) IN COLLABORATION WITH FIVE PARTNER ORGANIZATIONS, OVERSEEING LOGISTICS, SPEAKER RECRUITMENT, AND PROGRAM DEVELOPMENT. IN ADDITION, VA- REA UNDERTOOK A YEAR-LONG STRATEGIC PLANNING INITIATIVE, FACILITATED BY STAFF FROM VIRGINIA COMMONWEALTH UNIVERSITY (VCU), TO STRENGTHEN THE ORGANIZATION'S MISSION ALIGNMENT, GOVERNANCE, AND LONG-TERM GOALS. THE YEAR CONCLUDED WITH VA-REA'S ANNUAL NETWORKING RECEPTION AND MEMBERSHIP MEETING IN DECEMBER, WHERE THE VIRGINIA RENEWABLE ENERGY AWARD WAS PRESENTED TO CELEBRATE LEADERSHIP AND INNOVATION IN THE CLEAN ENERGY SECTOR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $295,318

Investment Income $0

Other Revenue $0

TOTAL REVENUE $295,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,419

Fundraising Expenses $0

Other Expenses $231,027

TOTAL EXPENSES $335,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$295,318	$284,584	+0.0%
Expenses	$335,446	$245,085	+0.4%
Net Income	$-40,128	$39,499	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLIONA MARY ROBB	CHAIR	1.00	Officer	$0	$0	$0
CARRIE HEARNE	VICE CHAIR	1.00	Officer	$0	$0	$0
KEVIN COMER	TREASURER	1.00	Officer	$0	$0	$0
KIRK JOHNSON	SECRETARY	1.00	Officer	$0	$0	$0
TYSON UTT	IMM PAST CHA	1.00	Officer	$0	$0	$0
ERIC BATEMAN	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
ANN NEIL COSBY	DIRECTOR	1.00	Director	$0	$0	$0
WALTER CRENSHAW	DIRECTOR	1.00	Director	$0	$0	$0
RAYE ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
JASON FERRARA	DIRECTOR	1.00	Director	$0	$0	$0
ALLEYN HARNED	DIRECTOR	1.00	Director	$0	$0	$0
D SCOTT FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS HODSOLL	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE LEE	DIRECTOR	1.00	Director	$0	$0	$0
LUKE SOMERS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LORD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN MILES	DIRECTOR	1.00	Director	$0	$0	$0
LISA OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
RICK THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
RJ JIMENEZ	DIRECTOR	1.00	Director	$0	$0	$0
RYAN TULLY	DIRECTOR	1.00	Director	$0	$0	$0
TONY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY STEINER	DIRECTOR	1.00	Director	$0	$0	$0
VINCE MAIDEN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ALEX THORUP	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	$295,318	$335,446	$186,042	$-40,128
2023	$284,584	$245,085	$237,295	$39,499
2022	$201,207	$128,911	$186,845	$72,296