SOLAR & ENERGY LOAN FUND OF ST LUCIE COUNTY INC

EIN: 273102098 501(c)(3) Environment

FORT PIERCE, FL

Total Revenue
$4,180,215
Total Expenses
$4,755,950
Total Assets
$25,714,719
Net Assets
$9,351,728
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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
2010
Legal Domicile
FL
Principal Officer
DUANNE ANDRADE
Phone
7724681818
Tax Period
2023-10-01 to 2024-09-30

SOLAR & ENERGY LOAN FUND OF ST LUCIE COUNTY INC, founded in 2010, is a community nonprofit in the Environment sector that reported $4.2M in total revenue in fiscal year 2023. Expenses of $4.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO HELP REBUILD AND EMPOWER UNDERSERVED COMMUNITIES BY PROVIDING ACCESS TO AFFORDABLE AND INNOVATIVE FINANCING FOR SUSTAINABLE PROPERTY IMPROVEMENTS INCLUDING: ENERGY EFFICIENCY; RENEWABLE ENERGY; WIND-HAZARD MITIGATION; AND WATER CONSERVATION.

Program Service Accomplishments

Program 1
Expenses: $4,109,956 Revenue: $679,084

ENERGY LOANS TO INDIVIDUALS TO ENHANCE THE ENERGY EFFICIENCY OF THEIR HOMES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,360,458
Program Service Revenue $1,797,200
Investment Income $0
Other Revenue $22,557
TOTAL REVENUE $4,180,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,785,777
Fundraising Expenses $43,067
Program Expenses $4,109,956
Other Expenses $1,970,173
TOTAL EXPENSES $4,755,950

Year-over-Year Comparison

2023 2022 Change
Revenue $4,180,215 $3,973,742 +0.1%
Expenses $4,755,950 $3,446,434 +0.4%
Net Income $-575,735 $527,308 -2.1%
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
37
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
6
$346,856
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DUANNE ANDRADE EXECUTIVE DI 40.00
Officer
$185,046 $0 $185,046
DOUG COWARD FOUNDER 40.00
Officer
$152,400 $9,410 $161,810
KYLE ABNEY MEMBER 1.00
Director
$0 $0 $0
SUSAN GLICKMAN MEMBER 1.00
Director
$0 $0 $0
LIZ GUTIERREZ MEMBER 1.00
Director
$0 $0 $0
DANA CLARE REDDEN MEMBER 1.00
Director
$0 $0 $0
DARDEN RICE MEMBER 1.00
Director
$0 $0 $0
VALERIE DEKLE SLACK MEMBER 1.00
Director
$0 $0 $0
BOB CAMBRIC TREASURER 2.00
Officer
$0 $0 $0
THOMAS COOPER SECRETARY 2.00
Officer
$0 $0 $0
SCOTT MCCRACKEN PRESIDENT 2.00
Officer
$0 $0 $0
FRAN ROSS VICE PRESIDE 2.00
Officer
$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 $4,180,215 $4,755,950 $25,714,719 $-575,735
2023 $3,973,742 $3,446,434 $22,664,434 $527,308
2022 $4,005,375 $2,367,519 $20,384,706 $1,637,856
2021 $6,002,177 $2,042,895 $16,284,264 $3,959,282
2020 $4,333,258 $1,766,305 $10,819,182 $2,566,953
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