SOLAR SISTER INC

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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

KATHERINE LUCEY

Phone

2244064483

Tax Period

2024-01-01 to 2024-12-31

SOLAR SISTER INC, founded in 2009, is a community nonprofit in the International Affairs sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $399K, a strong 17% operating margin.

Mission

SOLAR SISTER ERADICATES ENERGY POVERTY BY EMPOWERING WOMEN WITH ECONOMIC OPPORTUNITY. WE ARE CREATING A DELIBERATELY WOMAN-CENTERED DIRECT SALES NETWORK TO BEING THE BREAKTHROUGH POTENTIAL OF CLEAN ENERGY TECHNOLOGY TO EVEN THE MOST REMOTE COMMUNITIES IN RURAL AFRICA.

Program Service Accomplishments

Program 1

Expenses: $1,403,087

THROUGH ITS AFFILIATED ORGANIZATIONS, SOLAR SISTER ERADICATES ENERGY POVERTY, EMPOWERING WOMEN AND GIRLS WITH ECONOMIC OPPORTUNITY BY CREATING A DELIBERATELY WOMEN-CENTERED DIRECT SALES NETWORK TO...

THROUGH ITS AFFILIATED ORGANIZATIONS, SOLAR SISTER ERADICATES ENERGY POVERTY, EMPOWERING WOMEN AND GIRLS WITH ECONOMIC OPPORTUNITY BY CREATING A DELIBERATELY WOMEN-CENTERED DIRECT SALES NETWORK TO BRING THE BREAKTHROUGH POTENTIAL OF CLEAN ENERGY TECHNOLOGY TO EVEN THE MOST REMOTE COMMUNITIES IN RURAL AFRICA. ENERGY PRODUCTS INCLUDE SOLAR POWERED LIGHTS, MOBILE PHONE CHARGERS, AND OTHER CLEAN ENERGY PRODUCTS. SOLAR SISTER RECRUITS, TRAINS, AND LAUNCHES GRASSROOTS GREEN COLLAR BUSINESSES. THE PROGRAM HAS PROVIDED THIS OPPORTUNITY TO OVER 10,000 SOLAR SISTER ENTREPRENEURS WHO SELL SOLAR SISTER'S CLEAN ENERGY PRODUCTS TO SERVICE 4.5 MILLION AFRICAN RESIDENTS.

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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 $2,320,848

Program Service Revenue $0

Investment Income $45

Other Revenue $280

TOTAL REVENUE $2,321,173

Expense Breakdown

Grants Paid $954,383

Salaries & Benefits $535,701

Fundraising Expenses $157,626

Program Expenses $1,403,087

Other Expenses $432,323

TOTAL EXPENSES $1,922,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,321,173	$1,846,794	+0.3%
Expenses	$1,922,407	$1,726,969	+0.1%
Net Income	$398,766	$119,825	+2.3%

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

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

$294,635

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOA GIMELLI	CHAIR	1.00	Officer Director	$0	$0	$0
LINDA RICH WANERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
PAM DARWIN	DIRECTOR	1.00	Director	$0	$0	$0
SELAM GEBRU	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY GREER	DIRECTOR	1.00	Director	$0	$0	$0
BETSY HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
PERRY HEWITT	DIRECTOR	1.00	Director	$0	$0	$0
TANIA LADEN	DIRECTOR	1.00	Director	$0	$0	$0
TODD MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
OJOMA OCHAI	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WASWANI ODHIAMBO	DIRECTOR	1.00	Director	$0	$0	$0
ADAM M TOMIAK	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE LUCEY	FOUNDER AND SENIOR ADVISOR	40.00	Officer	$167,788	$6,711	$174,499
OLASIMBO SOJINRIN	CEO	40.00	Officer	$116,567	$3,569	$120,136

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	$2,321,173	$1,922,407	$3,757,875	$398,766
2023	$1,846,794	$1,726,969	$3,513,843	$119,825
2022	$3,232,217	$3,226,489	$718,966	$5,728
2021	$2,413,061	$2,510,895	$695,942	$-97,834
2020	$1,740,570	$1,759,288	$665,003	$-18,718
2019	$1,742,114	$1,701,439	$537,855	$40,675
2018	$1,690,216	$1,700,397	$520,299	$-10,181