WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GROUNDSWELL INC, founded in 2009, is a community nonprofit in the Environment sector that reported $8.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 27% operating margin.
GROUNDSWELL BUILDS COMMUNITY POWER BY ENABLING NEIGHBORS TO WORK TOGETHER TO SHARE POWER THROUGH COMMUNITY SOLAR. WE CONNECT SOLAR POWER TO ECONOMIC EMPOWERMENT BY DEVELOPING EQUITABLE COMMUNITY SOLAR PROJECTS AND DELIVERING SUBSCRIBER MANAGEMENT PROGRAMS. OUR COMMUNITY SOLAR PROJECTS DELIVER ENERGY SAVINGS TO LOW INCOME HOUSEHOLDS, BUILD COMMUNITY WEALTH, AND SUPPORT LOCAL JOBS.
ENERGY AND DEVELOPMENT PROGRAMS GROUNDSWELL WORKS IN THE RAPIDLY EMERGING FIELDS OF COMMUNITY SOLAR AND ENERGY EQUITY TO PROVIDE ACCESS TO AFFORDABLE CLEAN ENERGY TO HOUSEHOLDS THAT ARE CURRENTLY...
ENERGY AND DEVELOPMENT PROGRAMS GROUNDSWELL WORKS IN THE RAPIDLY EMERGING FIELDS OF COMMUNITY SOLAR AND ENERGY EQUITY TO PROVIDE ACCESS TO AFFORDABLE CLEAN ENERGY TO HOUSEHOLDS THAT ARE CURRENTLY EXCLUDED FROM PARTICIPATING IN SOLAR SAVINGS BECAUSE OF LOW CREDIT SCORES AND OTHER FINANCIAL BARRIERS. WE WORK WITH MUNICIPALITIES, CONGREGATIONS, LOCAL UTILITIES, AND OTHER PARTNERS TO DEVELOP, BUILD, AND MANAGE SOLAR PROJECTS THAT ALIGN THE VALUE OF SOLAR WITH COMMUNITY VALUES. WE COLLABORATE WITH LOCAL PARTNERS TO DELIVER RELATED JOB TRAINING, ENERGY EFFICIENCY, AND OTHER ALIGNED COMMUNITY BENEFITS TO MAXIMIZE THE IMPACT OF OUR WORK.GROUNDSWELL HAS DEVELOPED A REPLICABLE, SCALABLE MODEL FOR SHARING POWER WITH EQUITABLE COMMUNITY SOLAR THAT WORKS ACROSS MULTIPLE STATES. WE PARTNER WITH LOCAL NONPROFITS TO EXPAND OUR WORK INTO EMERGING STATE COMMUNITY SOLAR MARKETS. WE ARE CURRENTLY WORKING WITH MULTIPLE LOCAL PARTNERS IN THE DISTRICT OF COLUMBIA, GEORGIA, MARYLAND, AND NEW YORK STATE AND ARE EXPANDING OUR PROGRAM IN HAWAII AND ILLINOIS. GROUNDSWELL IS BUILDING EQUITABLE COMMUNITY SOLAR PROJECTS IN THE DISTRICT OF COLUMBIA AND IN MARYLAND THAT WILL PROVIDE MORE THAN 1.5 MILLION IN ELECTRICITY COST RELIEF TO LOW INCOME HOUSEHOLDS IN THE REGION. WE ARE COLLABORATING WITH WASHINGTON DC AND THE CITY OF BALTIMORE TO IMPLEMENT MUNICIPAL PROGRAMS THAT DELIVER ELECTRICITY COST REDUCTIONS THROUGH SOLAR POWER. WE ARE FURTHER WORKING WITH THE CITY OF BALTIMORE TO DEPLOY SOLAR AND ENERGY STORAGE SOLUTIONS TO SUPPORT LOCAL COMMUNITY RESILIENCE. WE ARE ALSO WORKING WITH LOCAL NONPROFIT PARTNERS AND MUNICIPAL UTILITIES IN GEORGIA TO DELIVER SOLAR PROJECTS AND RELATED LOW-INCOME ENERGY EFFICIENCY PROGRAMS THAT WILL DELIVER ELECTRICITY COST RELIEF AND OTHER COMMUNITY ECONOMIC DEVELOPMENT BENEFITS TO LOW-INCOME COMMUNITIES.IN PURSUIT OF OUR MISSION, GROUNDSWELL ALSO PROVIDES SERVICE DIRECTLY TO LOWINCOME HOUSEHOLDS. WE ENROLL, DELIVER CUSTOMER SUPPORT, AND PROVIDE ONGOING BENCHMARKING AND REPORTING ON SAVINGS AND OTHER METRICS TO COMMUNITY SOLAR SUBSCRIBERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,552,781 | $7,309,534 | +0.2% |
| Expenses | $6,257,011 | $6,091,061 | +0.0% |
| Net Income | $2,295,770 | $1,218,473 | +0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LORI MICHELLE MOORE | CHIEF EXECUT | 40.00 |
Officer
|
$299,273 | $33,562 | $332,835 |
| DAVID ABRAMS | CHIEF OPERAT | 40.00 |
Officer
|
$241,673 | $25,923 | $267,596 |
| KRISTAL VIRGIL | VP FINANCE I | 40.00 |
Highest
|
$159,623 | $15,414 | $175,037 |
| MARINA SARGSYAN | DIR. OF COMP | 40.00 |
Highest
|
$155,000 | $2,295 | $157,295 |
| ELVIS MOLEKA | VP LABS, DAT | 40.00 |
Highest
|
$130,199 | $23,358 | $153,557 |
| DAN LIMBAGO | SR VP MARKET | 40.00 |
Highest
|
$149,720 | $1,787 | $151,507 |
| DAVID WRIGHT | VP TECH SERV | 40.00 |
Highest
|
$120,751 | $23,412 | $144,163 |
| ANNIE DONOVAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CHARLES IMOHIOSEN | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAJ KRISHNAMURTHY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HAROLD MITHCELL | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| NELSON REYNERI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BRYCE SCHONBERGER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARISA UCHIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $8,552,781 | $6,257,011 | $6,061,141 | $2,295,770 |
| 2023 | $7,309,534 | $6,091,061 | $3,708,591 | $1,218,473 |
| 2022 | $3,736,520 | $3,721,886 | $2,571,899 | $14,634 |
| 2021 | $3,324,609 | $2,940,906 | $2,597,628 | $383,703 |
| 2020 | $2,507,773 | $2,414,900 | $2,254,057 | $92,873 |
| 2019 | $3,072,458 | $2,356,589 | $2,485,401 | $715,869 |
| 2018 | $1,873,612 | $1,968,753 | $862,491 | $-95,141 |
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