COLORADO CLEAN ENERGY FUND DBA COL… - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

PAUL SCHARFENBERGER

Phone

9702758482

Tax Period

2025-01-01 to 2025-12-31

COLORADO CLEAN ENERGY FUND DBA COLLECTIVE CLEAN ENERGY FUND, founded in 2018, is a mid-sized nonprofit in the Environment sector that reported $34.8M in total revenue in fiscal year 2025. Revenue surged 396% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30.8M, a strong 88% operating margin.

Mission

CCEF CONNECTS INDIVIDUALS AND ORGANIZATIONS TO THE CAPITAL THEY NEED TO PURSUE PROJECTS AND BRIDGE REIMBURSABLE INCENTIVES. WE OFFER FLEXIBLE, BELOW-MARKET-RATE FINANCING DESIGNED SPECIFICALLY TO ADDRESS CLEAN ENERGY FINANCE GAPS.

Program Service Accomplishments

Program 1

Expenses: $2,309,030 Revenue: $2,074,768

CCEF COMMERCIAL LOANS ARE DESIGNED TO ADDRESS FINANCE GAPS FOR CLEAN ENERGY AND ENERGY EFFICIENCY IMPROVEMENTS THAT RESULT IN REDUCED COSTS AND EMISSIONS AND INCREASED ELECTRIFICATION AND DOMESTIC...

CCEF COMMERCIAL LOANS ARE DESIGNED TO ADDRESS FINANCE GAPS FOR CLEAN ENERGY AND ENERGY EFFICIENCY IMPROVEMENTS THAT RESULT IN REDUCED COSTS AND EMISSIONS AND INCREASED ELECTRIFICATION AND DOMESTIC ENERGY GENERATION. IN 2025, CCEF FINANCED 16 COMMERCIAL PROJECTS, DEPLOYING $40 MILLION IN DIRECT LENDING AND MOBILIZING $110 MILLION IN TOTAL INVESTMENTS. THESE PROJECTS CREATED 1.0 MW OF DOMESTIC ENERGY PRODUCTION. NOT INCLUDED IN THE REVENUE TOTAL ABOVE IS $31,878,876 IN GOVERNMENT GRANTS.

Program 2

Expenses: $1,001,118 Revenue: $306,405

CCEF'S RESIDENTIAL PROGRAMS ARE DESIGNED TO HELP COLORADO HOMEOWNERS INVEST IN ENERGY EFFICIENCY UPGRADES THAT REDUCE UTILITY COSTS, INCREASE ELECTRIFICATION, AND INCREASE CLEAN, DOMESTIC ENERGY...

CCEF'S RESIDENTIAL PROGRAMS ARE DESIGNED TO HELP COLORADO HOMEOWNERS INVEST IN ENERGY EFFICIENCY UPGRADES THAT REDUCE UTILITY COSTS, INCREASE ELECTRIFICATION, AND INCREASE CLEAN, DOMESTIC ENERGY PRODUCTION. DURING 2025, CCEF CLOSED 552 LOANS, SERVING 49 COUNTIES IN COLORADO MOBILIZING MORE THAN $15 MILLION IN INVESTMENTS. THROUGH THE ELECTRIFY AND SAVE PROGRAM, CCEF FUNDED 83 ON-BILL REPAYMENT LOANS, DEPLOYING MORE THAN $1 MILLION IN DIRECT LENDING. THESE PROJECTS CREATED 2.5 MW IN DOMESTIC ENERGY PRODUCTION. NOT INCLUDED IN THE REVENUE TOTAL ABOVE IS $37,837 IN GOVERNMENT GRANTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $31,883,875

Program Service Revenue $2,381,173

Investment Income $536,416

Other Revenue $0

TOTAL REVENUE $34,801,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,045,359

Fundraising Expenses $0

Program Expenses $3,310,148

Other Expenses $2,005,661

TOTAL EXPENSES $4,051,020

Year-over-Year Comparison

	2025	2024	Change
Revenue	$34,801,464	$7,013,892	+4.0%
Expenses	$4,051,020	$3,681,476	+0.1%
Net Income	$30,750,444	$3,332,416	+8.2%

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

$308,070

Total Directors

Key Employees

$233,109

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SCHARFENBERGER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$272,669	$35,401	$308,070
DAVID HARRIS	CHIEF OPERATING OFFICER	40.00	Key Emp	$200,233	$32,876	$233,109
KAITLYN WYCKOFF	CHIEF PROGRAMS OFFICER	40.00	Highest	$148,821	$24,633	$173,454
ANNA MOON	VICE PRESIDENT OF BUSINESS DEVELOPMENT	40.00	Highest	$139,500	$23,500	$163,000
KELLY BOYLE	DIRECTOR OF CREDIT	40.00	Highest	$106,790	$9,752	$116,542
WILL TOOR	DIRECTOR	1.00	Director	$0	$0	$0
KEIRSTIN BECK	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE DYERS	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIQUE GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GREMMERT	BOARD CHAIRPERSON	1.00	Officer Director	$0	$0	$0
GENEVIEVE SHERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS LAPING	SECRETARY	1.00	Officer Director	$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
2025	$34,801,464	$4,051,020	$175,796,465	$30,750,444
2024	$7,013,892	$3,681,476	$38,200,364	$3,332,416
2023	$2,710,556	$1,995,111	$35,680,608	$715,445
2022	$3,723,635	$1,175,095	$28,367,649	$2,548,540
2021	$26,000,252	$50,194	$25,950,058	$25,950,058

COLORADO CLEAN ENERGY FUND DBA COLLECTIVE CLEAN ENERGY FUND