KARL W BOER SOLAR ENERGY MEDAL OF MERIT TRUST (EIN 396596448) - 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

1994

Legal Domicile

Principal Officer

WILLIAM SHAFARMAN

Phone

4142975609

Tax Period

2023-01-01 to 2023-12-31

KARL W BOER SOLAR ENERGY MEDAL OF MERIT TRUST, founded in 1994, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 31% operating margin.

Mission

PROVIDE SUPPORT TO UNIVERSITY OF DELAWARE BY PROVIDING AN ENDOWMENT TO ENSURE (SEE SCH O)PROVIDE SUPPORT TO UNIVERSITY OF DELAWARE BY PROVIDING AN ENDOWMENT TO ENSURE PRESENTATION OF A BIANNUAL AWARD TO AN INDIVIDUAL MAKING SIGNIFICANT CONTRIBUTIONS TO THE SOLAR ENERGY FIELD.

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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 $0

Program Service Revenue $0

Investment Income $21,626

Other Revenue $0

TOTAL REVENUE $21,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,012

Other Expenses $15,012

TOTAL EXPENSES $15,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,626	$15,923	+0.4%
Expenses	$15,012	$158,607	-0.9%
Net Income	$6,614	$-142,684	-1.0%

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

N/A

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

Total Directors

$940,207

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MARTIN	TRUSTEE	1.00	Director	$0	$55,085	$391,570
KRISTI KIICK	TRUSTEE	1.00	Director	$0	$77,730	$330,519
WILLIAM SHAFARMAN	CHAIR	1.00	Director	$0	$44,290	$218,118
RALF-REINHARD BOER	TRUSTEE	1.00	Director	$0	$0	$0
RENATE BOER	TRUSTEE	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	$21,626	$15,012	$1,770,775	$6,614
2022	$15,923	$158,607	$1,620,013	$-142,684
2021	$17,239	$15,610	$1,982,679	$1,629
2020	$13,575	$14,359	$1,641,427	$-784

KARL W BOER SOLAR ENERGY MEDAL OF MERIT TRUST