COLORADO CLEAN ENERGY FUND DBA COLLECTIVE CLEAN ENERGY FUND

EIN: 320586861 501(c)(3) Environment

DENVER, CO

Total Revenue
$7,013,892
Total Expenses
$3,681,476
Total Assets
$38,200,364
Net Assets
$32,502,268
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CO
Principal Officer
PAUL SCHARFENBERGER
Phone
9702758482
Tax Period
2024-01-01 to 2024-12-31

COLORADO CLEAN ENERGY FUND DBA COLLECTIVE CLEAN ENERGY FUND, founded in 2018, is a community nonprofit in the Environment sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 48% operating margin.

Mission

TO FILL EXISTING FINANCING GAPS IN CLEAN ENERGY AND POLLUTION-REDUCTION PROJECTS.

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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 $5,256,136
Program Service Revenue $955,596
Investment Income $802,160
Other Revenue $0
TOTAL REVENUE $7,013,892

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,526,538
Fundraising Expenses $0
Program Expenses $2,993,869
Other Expenses $2,154,938
TOTAL EXPENSES $3,681,476

Year-over-Year Comparison

2024 2023 Change
Revenue $7,013,892 $2,710,556 +1.6%
Expenses $3,681,476 $1,995,111 +0.8%
Net Income $3,332,416 $715,445 +3.7%
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
7
Independent Members
7
Employees
15
Volunteers
6

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
3
$260,443
Total Directors
7
$0
Key Employees
2
$363,944
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER GREMMERT BOARD CHAIR & SECRETARY 1.00
Officer Director
$0 $0 $0
ERIC DRUMMOND TREASURER 1.00
Officer Director
$0 $0 $0
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
GENEVIEVE SHERMAN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS LAPING DIRECTOR 1.00
Director
$0 $0 $0
PAUL SCHARFENBERGER CEO 40.00
Officer
$237,188 $23,255 $260,443
HEATHER BRAITHWAITE CIO 40.00
Key Emp
$164,280 $14,251 $178,531
DAVID HARRIS COO 40.00
Key Emp
$162,801 $22,612 $185,413
EMILY RICHARDSON RESIDENTIAL PROGRAM DIRECTOR 40.00
Highest
$103,842 $11,253 $115,095
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 $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
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