WE CARE SOLAR (EIN 300627106) - 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

LAURA STACHEL MD

Phone

5107660206

Tax Period

2024-01-01 to 2024-12-31

WE CARE SOLAR, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $13.0M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 31% operating margin.

Mission

WE CARE SOLAR DESIGNS AND IMPLEMENTS SOLAR ENERGY PROGRAMS TO IMPROVE HEALTHCARE AND EDUCATION

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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 $12,163,312

Program Service Revenue $440,260

Investment Income $345,494

Other Revenue $1,433

TOTAL REVENUE $12,950,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,997,690

Fundraising Expenses $414,895

Program Expenses $7,641,938

Other Expenses $6,959,244

TOTAL EXPENSES $8,956,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,950,499	$8,598,821	+0.5%
Expenses	$8,956,934	$4,509,026	+1.0%
Net Income	$3,993,565	$4,089,795	0.0%

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

$333,378

Total Directors

$168,084

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA E STACHEL	EXECUTIVE DIRECTOR	40.00	Officer Director	$162,460	$5,624	$168,084
MAAME AFON YELBERT-SAI	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
BARRY NEAL	BOARD VICE-CHAIR	1.50	Officer Director	$0	$0	$0
MATT RINALDI	TREASURER	1.50	Officer Director	$0	$0	$0
DEBORAH KADDU-SERWADDA	SECRETARY	1.50	Officer Director	$0	$0	$0
PRIYANKA SHARMA	DIRECTOR	1.00	Director	$0	$0	$0
KATE ONYEJEKWE	DIRECTOR	1.00	Director	$0	$0	$0
PAM JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
JOANNIE MARLENE BEWA	DIRECTOR	1.00	Director	$0	$0	$0
PUON PENN	DIRECTOR	1.00	Director	$0	$0	$0
BEN ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
NDOLA PRATA	DIRECTOR	1.00	Director	$0	$0	$0
WADSON MUCHEMWA	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA PARSONS	MANAGING DIRECTOR	40.00	Officer	$159,727	$5,567	$165,294
SARAH JUDD	DIRECTOR OF DEVELOPMENT	40.00	Highest	$172,034	$0	$172,034
BRENT MOELLENBERG	DIRECTOR OF ENGINEERING	40.00	Highest	$143,971	$5,326	$149,297
WENDY CROSS	WE SHARE SOLAR SENIOR DIRECTOR	40.00	Highest	$141,596	$4,248	$145,844
KIMBERLY GORDON	DIRECTOR OF OPERATIONS	40.00	Highest	$126,274	$12,813	$139,087
THO AMY DONHAUSER	DIRECTOR OF GLOBAL PROGRAMS	40.00	Highest	$118,804	$6,002	$124,806

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	$12,950,499	$8,956,934	$17,256,066	$3,993,565
2024	No data	No data	No data	No data
2023	$8,598,821	$4,509,026	$12,986,859	$4,089,795
2022	$4,157,340	$5,449,589	$9,398,478	$-1,292,249
2021	$5,857,780	$5,011,824	$11,118,538	$845,956
2020	$6,378,336	$4,973,224	$9,472,086	$1,405,112
2019	$7,298,453	$4,787,131	$8,774,394	$2,511,322
2018	$2,874,359	$4,443,236	$5,472,544	$-1,568,877

WE CARE SOLAR