KARL W BOER SOLAR ENERGY MEDAL OF MERIT TRUST

EIN: 396596448 501(c)(3)

MILWAUKEE, WI

Total Revenue
$21,626
Total Expenses
$15,012
Total Assets
$1,770,775
Net Assets
$1,770,775
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DE
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

THE TRUST WAS CREATED TO SUPPORT THE PURPOSES OF THE UNIVERSITY OF DELAWARE BY ESTABLISHING A PERPETUAL ENDOWMENT TO ENSURE THE PRESENTATION OF A BIANNUAL AWARD (CONSISTING OF AN AWARD MEDAL AND CASH) TO AN INDIVIDUAL WHO HAS MADE SIGNIFICANT PIONEERING CONTRIBUTIONS TO THE PROMOTION OF SOLAR ENERGY THROUGH RESEARCH, DEVELOPMENT OR ECONOMIC ENTERPRISE OR TO AN INDIVIDUAL WHO HAS MADE OTHER EXTRAORDINARY VALUABLE AND ENDURING CONTRIBUTIONS TO THE FIELD OF SOLAR ENERGY.

Program Service Accomplishments

Program 1
Expenses: $15,012

PRESENTATION OF BIANNUAL AWARD TO AN INDIVIDUAL FOR PRIOR ACHIEVEMENTS IN THE FIELD OF SOLAR ENERGY.

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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 (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

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Governance

Voting Members
5
Independent Members
2
Employees
N/A
Volunteers
2

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
0
$0
Total Directors
5
$940,207
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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