MINNESOTA SOLAR ENERGY INDUSTRIES

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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

2009

Legal Domicile

Principal Officer

LOGAN O'GRADY

Phone

6122801573

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA SOLAR ENERGY INDUSTRIES, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $933K in total revenue in fiscal year 2024.

Mission

MNSEIA'S MISSION IS TO GROW SOLAR AND ENERGY STORAGE INDUSTRIES AS PART OF MINNESOTA'S CLEAN ENERGY TRANSITION BY DELIVERING STRONG PUBLIC POLICY, EDUCATION, JOB CREATION AND SUSTAINABLE INDUSTRY DEVELOPMENT.

Program Service Accomplishments

Program 1

MNSEIA IS A 501(C)(6) TRADE ASSOCIATION THAT SERVES TO MOVE MINNESOTA SOLAR AND STORAGE FORWARD AS THE VOICE OF THE MINNESOTA SOLAR INDUSTRY. REPRESENTING ROUGHLY 170 MEMBER ORGANIZATIONS, MNSEIA...

MNSEIA IS A 501(C)(6) TRADE ASSOCIATION THAT SERVES TO MOVE MINNESOTA SOLAR AND STORAGE FORWARD AS THE VOICE OF THE MINNESOTA SOLAR INDUSTRY. REPRESENTING ROUGHLY 170 MEMBER ORGANIZATIONS, MNSEIA PURSUES ITS MISSION TO GROW SOLAR ENERGY INDUSTRIES AS PART OF MINNESOTA'S CLEAN ENERGY TRANSITION BY DELIVERING STRONG PUBLIC POLICY ADVOCACY, REGULATORY ADVOCACY, LEGAL ADVOCACY, EDUCATION, AND SUSTAINABLE INDUSTRY DEVELOPMENT. MNSEIA PURSUES ITS POLICY WORK THROUGH ACTIVE ENGAGEMENTS AT THE MINNESOTA LEGISLATURE, THE MINNESOTA PUBLIC UTILITIES COMMISSION, AND IN OTHER VARIOUS AGENCY MATTERS. FIND OUT MORE AT WWW.MNSEIA.ORG. DURING THE 2024 LEGISLATIVE SESSION, MNSEIA ADVOCATED FOR POLICIES TO CONTINUE TO GROW AND SUPPORT SOLAR + ENERGY STORAGE IN MINNESOTA, INCLUDING BILLS TO: PROTECTING MINNESOTA'S COMMUNITY SOLAR GARDEN PROGRAM, ADVANCING NEW LAWS TO STREAMLINE LARGE SCALE CLEAN ENERGY PERMITTING REFORMS, AND OTHER POLICIES TO DEPLOY DISTRIBUTED ENERGY RESOURCES DURING MINNESOTA'S TRANSITION TO 100% CARBON FREE ELECTRICITY BY 2040.

Program 2

IN 2024 MNSEIA PRODUCED ITS 12TH ANNUAL 2-DAY "GATEWAY TO SOLAR" CONFERENCE. ABOUT 600 SOLAR INDUSTRY REPRESENTATIVES FROM 250 COMPANIES ACROSS THE U.S. ATTENDED THE CONFERENCE FOR ROBUST AND...

IN 2024 MNSEIA PRODUCED ITS 12TH ANNUAL 2-DAY "GATEWAY TO SOLAR" CONFERENCE. ABOUT 600 SOLAR INDUSTRY REPRESENTATIVES FROM 250 COMPANIES ACROSS THE U.S. ATTENDED THE CONFERENCE FOR ROBUST AND IN-DEPTH POLICY AND TOPICAL INSIGHTS, TRAINING SESSIONS, AND BUSINESS NETWORKING EVENTS. PROCEEDS FROM THE CONFERENCE HELP SUPPORT MNSEIA'S REGULATORY AND POLICY ADVOCACY, AND ORGANIZATIONAL FUNDING NEEDS.

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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 $931,687

Investment Income $1,582

Other Revenue $0

TOTAL REVENUE $933,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $595,547

Fundraising Expenses $0

Other Expenses $423,339

TOTAL EXPENSES $1,018,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$933,269	$868,139	+0.1%
Expenses	$1,018,886	$871,194	+0.2%
Net Income	$-85,617	$-3,055	+27.0%

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

$159,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOGAN O'GRADY	EXECUTIVE DI	40.00	Officer	$155,100	$4,320	$159,420
GRIFFIN DOOLING	PRESIDENT	4.00	Officer Director	$0	$0	$0
AMELIA CERLING HENNES	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
NIKKI MILLER	SECRETARY	3.00	Officer Director	$0	$0	$0
MORGAN PITZ	TREASURER	3.00	Officer Director	$0	$0	$0
ROBERT BLAKE	DIRECTOR	2.00	Director	$0	$0	$0
OLAOLUWA ILELABOYE	DIRECTOR	2.00	Director	$0	$0	$0
ALEX GAST	DIRECTOR	2.00	Director	$0	$0	$0
ANABEL SANFORD	DIRECTOR	2.00	Director	$0	$0	$0
ERIC PASI	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS VILLARREAL	DIRECTOR	2.00	Director	$0	$0	$0
JENNA WARMUTH	DIRECTOR	2.00	Director	$0	$0	$0
ZAHRA HARGENSLLIFF	DIRECTOR	2.00	Director	$0	$0	$0
POUYA NAJMAIE	DIRECTOR	2.00	Director	$0	$0	$0
BEN ADAMICH	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE DEMARRE	DIRECTOR	2.00	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	$933,269	$1,018,886	$107,940	$-85,617
2023	$868,139	$871,194	$185,413	$-3,055
2022	$706,725	$695,197	$185,157	$11,528
2021	$670,478	$569,011	$173,067	$101,467
2020	$404,999	$382,719	$60,871	$22,280
2019	$499,893	$495,898	$38,591	$3,995
2018	$351,942	$374,305	$34,596	$-22,363