SOLAR & ENERGY LOAN FUND OF ST LUCIE COUNTY INC (EIN 273102098) - Form 990 Financial Analysis & Trantor Score

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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

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

ENHANCE CONSUMER ACCESS TO CLEAN ENERGY TECHNOLOGIES BY PROVIDING ENERGY EXPERTISE, PROVIDING FAVORABLE FINANCING OPTIONS, STIMULATING ECONOMIC PROSPERITY, SERVING UNDERSERVED AREAS AND FACILITATING EDUCATIONAL AWARENESS.

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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 (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

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

$346,856

Total Directors

Key Employees

Highest Compensated

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

SOLAR & ENERGY LOAN FUND OF ST LUCIE COUNTY INC