AUSTIN, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TEXAS PROPERTY ASSESSED CLEAN ENERGY AUTHORITY, founded in 2015, is a small nonprofit in the Environment sector that reported $751K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $882K exceeded revenue, resulting in a 17% operating deficit.
TEXAS PACE AUTHORITY ADVANCES PROPERTY ASSESSED CLEAN ENERGY (PACE) PROJECTS IN TEXAS BY ADMINISTERING A UNIFORM COMMERCIAL AND INDUSTRIAL PACE PROGRAM ON BEHALF OF LOCAL GOVERNMENTS UNDER THE TEXAS CHAPTER 399 OF THE TEXAS LOCAL GOVERNMENT CODE AT NO COST TO THE LOCAL GOVERNMENT.
EDUCATION, OUTREACH, AND TRAINING IN EXISTING PACE REGIONS TO MAKE PROPERTY OWNERS AND MANAGERS, LENDERS CONTRACTORS, ARCHITECTS, ENGINEERS, MANUFACTURERS, AND OTHER STAKEHOLDERS, AWARE OF THE...
EDUCATION, OUTREACH, AND TRAINING IN EXISTING PACE REGIONS TO MAKE PROPERTY OWNERS AND MANAGERS, LENDERS CONTRACTORS, ARCHITECTS, ENGINEERS, MANUFACTURERS, AND OTHER STAKEHOLDERS, AWARE OF THE PROGRAM AND LEARN HOW TO WORK TOGETHER TO CREATE AND IMPLEMENT SUCCESSFUL PACE PROJECTS. EFFORTS INCLUDED SPEECHES AND PRESENTATIONS, WEBINARS, INDIVIDUAL MEETINGS, TRAINING, AND THE CREATION OF FLYERS, CASE STUDIES, AND PRESENTATIONS. THE EFFORT RESULTED IN $107 MILLION IN COMPLETED PACE PROJECTS THROUGHOUT THE STATE OF TEXAS IN 2023, WITH OUTCOMES INCLUDING ECONOMIC DEVELOPMENT, SIGNIFICANT REDUCTION IN WATER AND ENERGY USE.
OVERSIGHT OF THE DEVELOPMENT AND COMPLETION OF TX-PACE PROJECTS IN TEXAS TO ENSURE THAT EACH PROJECT MET STATE AND STATUTORY AND PROGRAMMATIC BEST PRACTICES, INCLUDING REVIEW OF INDEPENDENT THIRD...
OVERSIGHT OF THE DEVELOPMENT AND COMPLETION OF TX-PACE PROJECTS IN TEXAS TO ENSURE THAT EACH PROJECT MET STATE AND STATUTORY AND PROGRAMMATIC BEST PRACTICES, INCLUDING REVIEW OF INDEPENDENT THIRD PARTY ENGINEERING REPORTS AND CAPITAL PROVIDER UNDERWRITING CRITERIA AND MATERIALS, OWNER AND LENDER CONTRACTS, AND NOTICE OF ASSESSMENT LIEN FILINGS. 12 PACE PROJECTS CLOSED IN 2023.
EDUCATION AND OUTREACH TO ASSIST LOCAL GOVERNMENTS IN REVIEWING AND ESTABLISHING LOCAL PACE PROGRAMS. THE NUMBER OF PACE PROGRAMS EXPANDED FROM 83 TO 94 LOCAL GOVERNMENTS IN 2023 REACHING ABOVE 70%...
EDUCATION AND OUTREACH TO ASSIST LOCAL GOVERNMENTS IN REVIEWING AND ESTABLISHING LOCAL PACE PROGRAMS. THE NUMBER OF PACE PROGRAMS EXPANDED FROM 83 TO 94 LOCAL GOVERNMENTS IN 2023 REACHING ABOVE 70% OF THE TEXAS POPULATION. THE COLLABORATIVE EFFORT INVOLVED MANY LOCAL AND STATEWIDE STAKEHOLDERS, SPEECHES, PRESENTATIONS, AND MEETINGS WITH LOCAL ELECTED OFFICIALS AND CITY AND COUNTY EMPLOYEES TO EDUCATE ABOUT THE TEXAS PACE IN A BOX MODEL PROGRAMS DESIGN PRINCIPLES, DOCUMENTS, POLICIES, ETC. AND TEXAS PACE AUTHORITYS SERVANT LEADER MODELS OF ADMINISTRATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $751,293 | $1,256,287 | -0.4% |
| Expenses | $882,389 | $666,352 | +0.3% |
| Net Income | $-131,096 | $589,935 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLENE HEYDINGER | PRESIDENT | 50.00 |
Officer
Director
|
$233,250 | $0 | $233,250 |
| STEVE BLOCK | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL GROMACKI | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN HALL | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| YARCUS LEWIS | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| DIANE RATH | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| HON PENNY REDINGTON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CARLTON SCHWAB | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PATRICK WORRALL | MEMBER | 4.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $751,293 | $882,389 | $840,995 | $-131,096 |
| 2022 | $1,256,287 | $666,352 | $973,889 | $589,935 |
| 2021 | $627,538 | $524,549 | $379,425 | $102,989 |
| 2020 | $371,452 | $391,007 | $277,268 | $-19,555 |
Compare TEXAS PROPERTY ASSESSED CLEAN ENERGY AUTHORITY with other nonprofits in Texas and across the country.