ILLINOIS SOLAR ENERGY ASSOCIATION (EIN 371932262) - 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

1979

Legal Domicile

Principal Officer

LEWIS BUTLER

Phone

8479247359

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS SOLAR ENERGY ASSOCIATION, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $462K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80K, a strong 17% operating margin.

Mission

TO PROMOTE THE WIDESPREAD APPLICATION OF SOLAR AND OTHER FORMS OF RENEWABLE ENERGY THROUGH EDUCATION, OUTREACH, AND ADVOCACY.

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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 $0

Program Service Revenue $462,225

Investment Income $29

Other Revenue $0

TOTAL REVENUE $462,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,676

Fundraising Expenses $0

Other Expenses $266,617

TOTAL EXPENSES $382,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,254	$232,899	+1.0%
Expenses	$382,293	$213,016	+0.8%
Net Income	$79,961	$19,883	+3.0%

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

$119,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEWIS BUTLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANNON FULTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN HAUG	TREASURER	1.00	Officer Director	$0	$0	$0
KIERSTEN SHEETS	SECRETARY	1.00	Director	$0	$0	$0
JOHN ALBERS	DIRECTOR	1.00	Director	$0	$0	$0
LISA ALBRECHT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BORGIA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN DEBIASI	DIRECTOR	1.00	Director	$0	$0	$0
ERIC PETERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
SHARIFF SHAKIR	DIRECTOR	1.00	Director	$0	$0	$0
MATT VAN ARKEL	DIRECTOR	1.00	Director	$0	$0	$0
LESLEY MCCAIN	EXECUTIVE DIRECTOR	34.00	Officer	$119,000	$0	$119,000

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	$462,254	$382,293	$432,872	$79,961
2023	$232,899	$213,016	$352,911	$19,883
2022	$251,521	$166,934	$333,028	$84,587
2021	$278,458	$175,397	$248,441	$103,061

ILLINOIS SOLAR ENERGY ASSOCIATION