SLIPSTREAM GROUP INC

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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

1980

Legal Domicile

Principal Officer

SANDRA HENRY

Phone

6082499322

Tax Period

2023-01-01 to 2023-12-31

SLIPSTREAM GROUP INC, founded in 1980, is a mid-sized nonprofit in the Environment sector that reported $45.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

ACCELERATING CLIMATE SOLUTIONS. FOR EVERYONE. SLIPSTREAM ADOPTED THIS NEW MISSION STATEMENT IN 2020 TO REFLECT OUR COMMITMENT TO INCREASING THE SPEED AND SCALE OF CLIMATE MITIGATION AND RESILIENCE. WE HAVE ALSO COMMITTED TO EQUITY AND INCLUSION, PRIORITIZING WORK THAT PUSHES BACK AGAINST THE HISTORIC INEQUITIES OF THE ENERGY EFFICIENCY INDUSTRY, CENTERS THE PERSPECTIVES OF BIPOC COMMUNITIES IN CLIMATE SOLUTIONS, AND DELIVERS EQUITABLE BENEFITS TO PEOPLE WHO HAVE BEEN LEFT BEHIND IN THE CLEAN ENERGY TRANSITION. SLIPSTREAM MEASURES OUR MISSION IMPACT IN GREENHOUSE GAS REDUCTIONS, ENERGY SAVINGS, INNOVATION, AND HEALTH.

Program Service Accomplishments

Program 1

Expenses: $27,388,676 Revenue: $31,244,615

EFFICIENCY AT SCALE: WE IMPLEMENT PILOT AND FULL-SCALE ENERGY EFFICIENCY PROGRAMS FOR UTILITIES AND GOVERNMENTS. WE SPECIALIZE IN PROGRAMS THAT ADDRESS UNDERSERVED CUSTOMERS, LIKE IMPROVING THE...

EFFICIENCY AT SCALE: WE IMPLEMENT PILOT AND FULL-SCALE ENERGY EFFICIENCY PROGRAMS FOR UTILITIES AND GOVERNMENTS. WE SPECIALIZE IN PROGRAMS THAT ADDRESS UNDERSERVED CUSTOMERS, LIKE IMPROVING THE ENERGY EFFICIENCY OF MANUFACTURED HOUSING. OUR EXPERTISE INCLUDES INNOVATIVE COMMERCIAL AND AFFORDABLE HOUSING NEW CONSTRUCTION PROGRAMS, THE NEXT GENERATION OF COMMERCIAL LIGHTING SOLUTIONS, RESIDENTIAL LIGHTING PROGRAMS AS WELL AS OTHER COMMERCIAL AND RESIDENTIAL PROGRAMS THAT FOCUS ON LASTING CHANGES TO ENERGY CONSUMPTION. WE HAVE A GROWING FOCUS ON ELECTRIFICATION TECHNOLOGIES, INCLUDING ELECTRIC VEHICLES.

Program 2

Expenses: $3,038,050 Revenue: $4,118,226

FINANCING FOR A LOW-CARBON FUTURE: SLIPSTREAM PROVIDES FINANCING PROGRAMS TO ENABLE GOVERNMENT AND UTILITY CUSTOMERS TO COMPLETE ENERGY IMPROVEMENTS. OUR CORE COMPETENCIES INCLUDE PROPERTY ASSESSED CLEAN ENERGY FINANCE (PACE) IN THE COMMERCIAL SECTOR, LENDING PROGRAMS FOR HOME ENERGY RETROFITS, AND INNOVATIVE FINANCING TO MAKE IT EASIER FOR LOW-INCOME HOMEOWNERS TO COMPLETE ENERGY IMPROVEMENTS.

Program 3

Expenses: $3,031,271 Revenue: $1,945,277

EMERGING TECHNOLOGIES AND HUMAN FACTORS: OUR RESEARCH FOCUSES ON THE DISCOVERY AND TESTING OF TECHNOLOGY THAT DRIVES DOWN CARBON EMISSIONS DUE TO BUILDINGS. THE RESEARCH RANGES FROM FIELD TESTING OF THE ENERGY PERFORMANCE OF NEW TECHNOLOGIES TO PIONEERING APPROACHES TO GRID-INTERACTIVES EFFICIENT BUILDINGS. WE STUDY MARKET CONDITIONS AROUND ELECTRIFICATION AND OTHER LOW-CARBON TECHNOLOGIES AND TEST BETTER WAYS TO REACH MARKETS WHERE TRADITIONAL ENERGY EFFICIENCY PROGRAMS HAVE PERFORMED POORLY. LASTLY, WE STUDY THE LINK BETWEEN CLEAN ENERGY AND HEALTH, WITH A FOCUS ON AFFORDABLE HOUSING AND LOW-INCOME WEATHERIZATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,447,018

Program Service Revenue $40,548,386

Investment Income $821,474

Other Revenue $14,376

TOTAL REVENUE $45,831,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,243,859

Fundraising Expenses $2,001,435

Program Expenses $36,360,851

Other Expenses $32,978,156

TOTAL EXPENSES $47,222,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,831,254	$38,761,093	+0.2%
Expenses	$47,222,015	$41,258,406	+0.1%
Net Income	$-1,390,761	$-2,497,313	-0.4%

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

180

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

$513,951

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA HALL HENRY	PRESIDENT & CEO	40.00	Officer	$232,384	$25,364	$257,748
PUJA VOHRA	VP OF PARTDEV	40.00	Highest	$156,939	$6,702	$163,641
KATRINA KELLER	VP OPERATIONS/CFO	40.00	Officer	$141,925	$6,156	$148,081
DOUGLAS AHL	PRINCIPAL RESEARCHER	40.00	Highest	$141,608	$24,381	$165,989
SCOTT HACKEL	VP OF RESEARCH	40.00	Highest	$139,235	$22,554	$161,789
HEIDI GORRILL	VP PROG ACCELERATION	40.00	Highest	$138,536	$7,342	$145,878
MARGARET COWAN	MANAGING DIR OF SVC DEV	40.00	Highest	$132,652	$12,643	$145,295
TIMOTHY MATHISON	GENERAL COUNSEL/SECRETARY	40.00	Officer	$103,573	$4,549	$108,122
KATHERINE HAMMACK	CHAIR	1.00	Officer Director	$0	$0	$0
LORI PETERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BILL OEMICHEN	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN VAN STIPPEN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HUA	DIRECTOR	1.00	Director	$0	$0	$0
DUNSTAN MACAULEY III	DIRECTOR	1.00	Director	$0	$0	$0
INGRID MATTSSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN EHRMANN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH REOPELLE	DIRECTOR	1.00	Director	$0	$0	$0
KELLY CAIN	DIRECTOR	1.00	Director	$0	$0	$0
LARKIN MOSSCROP	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BONERTZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE KLASSEN MERRIGAN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
PETER KILDE	DIRECTOR	1.00	Director	$0	$0	$0
ROGER MUKASA	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$45,831,254	$47,222,015	$42,162,320	$-1,390,761
2022	$38,761,093	$41,258,406	$38,156,541	$-2,497,313
2021	$48,286,004	$42,282,139	$35,851,286	$6,003,865
2020	$50,258,922	$50,840,841	$33,688,253	$-581,919
2019	$48,356,747	$48,641,185	$43,657,541	$-284,438