NEW YORK CITY ENERGY EFFICIENCY CORPORATION

EIN: 273731338 501(c)(3) Environment

NEW YORK, NY

Total Revenue
$5,152,084
Total Expenses
$5,868,500
Total Assets
$50,701,440
Net Assets
$25,216,792
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
CURTIS PROBST
Phone
2123124259
Tax Period
2024-07-01 to 2025-06-30

NEW YORK CITY ENERGY EFFICIENCY CORPORATION, founded in 2010, is a community nonprofit in the Environment sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $5.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

DELIVERING FINANCING SOLUTIONS AND ADVANCING MARKETS FOR ENERGY EFFICIENCY AND CLEAN ENERGY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,569,036
Program Service Revenue $2,209,379
Investment Income $373,669
Other Revenue $0
TOTAL REVENUE $5,152,084

Expense Breakdown

Grants Paid $60,000
Salaries & Benefits $3,451,523
Fundraising Expenses $108,058
Program Expenses $4,580,317
Other Expenses $2,356,977
TOTAL EXPENSES $5,868,500

Year-over-Year Comparison

2024 2023 Change
Revenue $5,152,084 $4,244,026 +0.2%
Expenses $5,868,500 $7,489,197 -0.2%
Net Income $-716,416 $-3,245,171 -0.8%
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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Governance

Voting Members
15
Independent Members
15
Employees
21
Volunteers
15

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
4
$602,969
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHOK GUPTA BOARD MEMBER (OUTGOING) 1.00
Director
$0 $0 $0
BRUCE SCHLEIN BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH ZELDIN BOARD MEMBER 1.00
Director
$0 $0 $0
J GREGORY HALE BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY I BRODSKY BOARD MEMBER AND CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JOE CHAVEZ BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN RICE BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY HERBSTMAN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLI M KEENAN BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY DARGA BOARD MEMBER 1.00
Director
$0 $0 $0
MALINI NAYAR BOARD MEMBER 1.00
Director
$0 $0 $0
MARC KHOUZAMI BOARD MEMBER 1.00
Director
$0 $0 $0
MARK ZULUAGA BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA KOEPNICK BOARD MEMBER 1.00
Director
$0 $0 $0
RENWICK PAIGE BOARD MEMBER 1.00
Director
$0 $0 $0
SADIE MCKEOWN BOARD MEMBER (OUTGOING) 1.00
Director
$0 $0 $0
SUSAN LEEDS BOARD MEMBER AND SECRETARY 1.00
Officer Director
$0 $0 $0
CURTIS PROBST CEO, PRESIDENT 36.00
Officer
$223,707 $74,012 $297,719
JAY MERVES DIR. OF BUSINESS DEV., TREASURER 40.00
Officer
$233,705 $71,545 $305,250
APARAJITHA JANARDHANAN DIRECTOR 40.00
Highest
$163,482 $16,444 $179,926
ERANGI DIAS DIR. OF BUSINESS DEV. (OUTGOING) 40.00
Highest
$174,031 $10,066 $184,097
MARIAN L WEBER DIRECTOR 40.00
Highest
$171,050 $13,851 $184,901
MICHAEL KERSTETTER GENERAL COUNSEL/DIRECTOR 40.00
Highest
$207,762 $10,875 $218,637
NAEEMAH E LAJOIE DIRECTOR OF OPERATIONS 40.00
Highest
$187,806 $49,378 $237,184
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
2025 $5,152,084 $5,868,500 $50,701,440 $-716,416
2024 $4,244,026 $7,489,197 $47,387,838 $-3,245,171
2023 $4,854,663 $6,098,812 $44,251,736 $-1,244,149
2022 $4,616,791 $7,533,767 $46,600,021 $-2,916,976
2021 $4,961,348 $5,666,673 $49,730,328 $-705,325
2020 $5,031,308 $5,260,278 $50,296,570 $-228,970
2019 $5,810,691 $8,945,002 $57,585,849 $-3,134,311
2018 $5,738,396 $7,883,628 $62,786,176 $-2,145,232
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