ILLINOIS SOLAR ENERGY ASSOCIATION

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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

2025-01-01 to 2025-12-31

ILLINOIS SOLAR ENERGY ASSOCIATION, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $381K in total revenue in fiscal year 2025. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $63K, a strong 16% operating margin.

Mission

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

Program Service Accomplishments

Program 1

MEMBERSHIP WITH ISEA SUPPORTS THE WIDESPREAD APPLICATION OF SOLAR IN THE STATE THROUGH EDUCATION AND ADVOCACY. WE CURRENTLY REPRESENT 500+ MEMBERS, INCLUDING MORE THAN 150 SOLAR-RELATED BUSINESSES.

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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 $0

Program Service Revenue $379,150

Investment Income $29

Other Revenue $1,482

TOTAL REVENUE $380,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,472

Fundraising Expenses $0

Other Expenses $194,570

TOTAL EXPENSES $318,042

Year-over-Year Comparison

	2025	2024	Change
Revenue	$380,661	$462,254	-0.2%
Expenses	$318,042	$382,293	-0.2%
Net Income	$62,619	$79,961	-0.2%

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

$124,216

Total Directors

$3,200

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	Officer Director	$0	$0	$0
JOHN ALBERS	DIRECTOR	1.00	Director	$0	$0	$0
LISA ALBRECHT	DIRECTOR	1.00	Director	$3,200	$0	$3,200
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
JENNIFER MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MATT VAN ARKEL	DIRECTOR	1.00	Director	$0	$0	$0
LESLEY MCCAIN	EXECUTIVE DIRECTOR	34.00	Officer	$124,216	$0	$124,216

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	$380,661	$318,042	$495,491	$62,619
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