SOLAR BUSINESS INSTITUTE

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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

2015

Principal Officer

ROBIN DUTTA

Phone

2027809563

Tax Period

2021-01-01 to 2021-12-31

SOLAR BUSINESS INSTITUTE, founded in 2015, is a small nonprofit that reported $477K in total revenue in fiscal year 2021. Revenue surged 164% from the prior year, signaling strong growth momentum. The organization ran a surplus of $305K, a strong 64% operating margin.

Mission

THE SOLAR RESEARCH INSTITUTE (SRI) WAS FOUNDED TO INCREASE UNDERSTANDING OF SOLAR ENERGY. TO ACCOMPLISH THIS GOAL, SRI PERFORMS A BROAD RANGE OF RESEARCH, EDUCATION, AND PUBLIC SERVICE ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $79,524 Revenue: $307,632

VIRGINIA SOLAR WORKFORCE DEVELOPMENT INITIATIVE (VSWDI): SRI IS INSTRUMENTAL IN DEVELOPING A SKILLED SOLAR ENERGY WORKFORCE. THE SOLAR HANDS-ON INSTRUCTIONAL NETWORK OF EXCELLENCE (SHINE) IS A...

VIRGINIA SOLAR WORKFORCE DEVELOPMENT INITIATIVE (VSWDI): SRI IS INSTRUMENTAL IN DEVELOPING A SKILLED SOLAR ENERGY WORKFORCE. THE SOLAR HANDS-ON INSTRUCTIONAL NETWORK OF EXCELLENCE (SHINE) IS A PUBLIC-PRIVATE PARTNERSHIP WITH THE OBJECTIVE OF TRAINING INDIVIDUALS IN UTILITY SCALE SOLAR INSTALLATION AND PLACING PROGRAM GRADUATES INTO SKILLED EMPLOYMENT WITHIN THE LOCAL SOLAR INDUSTRY.

Program 2

VIRGINIA LAND USE: SRI LED A SERIES OF WORKING GROUPS WITH REPRESENTATIVES FROM LOCAL JURISDICTIONS TO DISCUSS THE FINANCIAL AND ENVIRONMENTAL. IMPACTS OF UTILITY-SCALE SOLAR DEPLOYMENT AND OPTIONS FOR LOCALITIES TO ATTAIN GREATER TAX REVENUE FROM PROJECTS. MANY OF THESE SOLUTIONS ARE NOW BEING ADOPTED BY LOCALITIES,RESULTING IN GREATER REVENUE FOR SERVICES LIKE EMERGENCY RESPONSE AND BROADBAND, BENEFITTING HUNDREDS OF THOUSANDS OF VIRGINIANS.

Program 3

Expenses: $90,000

VIRGINIA POLICY & REGULATORY: SRI PARTICIPATED IN SEVERAL STAKEHOLDER SESSIONS WITH ENVIRONMENTAL ADVOCATES, PUBLIC UTILITIES, GOVERNMENT OFFICIALS, AND SOLAR INSTALLERS TO DISCUSS RATE DESIGN AND...

VIRGINIA POLICY & REGULATORY: SRI PARTICIPATED IN SEVERAL STAKEHOLDER SESSIONS WITH ENVIRONMENTAL ADVOCATES, PUBLIC UTILITIES, GOVERNMENT OFFICIALS, AND SOLAR INSTALLERS TO DISCUSS RATE DESIGN AND BATTERY STORAGE ADOPTION. SRI WAS CRITICAL IN COLLECTING COMMENTS FROM THE LOCAL INDUSTRY AND SYNTHESIZING FEEDBACK FROM FIRMS ACROSS THE COMMONWEALTH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $169,000

Program Service Revenue $307,632

Investment Income $0

Other Revenue $0

TOTAL REVENUE $476,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,524

Other Expenses $171,788

TOTAL EXPENSES $171,788

Year-over-Year Comparison

	2021	2020	Change
Revenue	$476,632	$180,500	+1.6%
Expenses	$171,788	$245,730	-0.3%
Net Income	$304,844	$-65,230	-5.7%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ETHAN CASE	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBIN DUTTA	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE HEALY	TREASURER	2.00	Officer Director	$0	$0	$0
AARON KRAUS	VICE-PRESIDE	2.00	Officer 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
2021	$476,632	$171,788	$338,607	$304,844