SOLAR ENERGY INDUSTRIES ASSOCIATION

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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

1974

Legal Domicile

Principal Officer

ABIGAIL HOPPER

Phone

2026820556

Tax Period

2023-01-01 to 2023-12-31

SOLAR ENERGY INDUSTRIES ASSOCIATION, founded in 1974, is a mid-sized nonprofit that reported $33.6M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 21% operating margin.

Mission

SEIA IS THE DRIVING FORCE BEHIND SOLAR ENERGY AND STORAGE, BUILDING A STRONGER SOLAR INDUSTRY TO POWER AMERICA THROUGH ADVOCACY AND EDUCATION. REPRESENTING ORGANIZATIONS THAT PROMOTE, MANUFACTURE, INSTALL AND SUPPORT THE DEVELOPMENT OF SOLAR ENERGY, SEIA WORKS WITH MEMBER COMPANIES TO BUILD JOBS AND DIVERSITY TO CHAMPION SOLAR USE AND REMOVE MARKET BARRIERS.

Program Service Accomplishments

Program 1

FEDERAL AFFAIRS: 2023 WAS A BUSY AND PRODUCTIVE YEAR FOR FEDERAL CLEAN ENERGY POLICY, HIGHLIGHTED BY THE IMPLEMENTATION OF THE INFLATION REDUCTION (IRA). SEIA WORKED CLOSELY WITH ALLIES AND MEMBERS TO ADVOCATE FOR REGULATORY GUIDANCE THAT WOULD ACCOMPLISH THE TARGETS AND GOALS SET FORTH BY THE IRA, AND ENSURE CONSTRUCTS THAT WOULD BE WORKABLE FOR THE INDUSTRY IN ACCELERATING CLEAN ENERGY MANUFACTURING AND DEPLOYMENT. FOLLOWING THE 2022 MIDTERM ELECTIONS, SEIA ESTABLISHED IMPORTANT GROUNDWORK IN THE 118TH CONGRESS ON POST-IRA ISSUES SUCH AS PERMITTING REFORM. SEIA ALSO DEVOTED SIGNIFICANT EFFORT AND RESOURCES IN 2023 TO ITS ADVOCACY AND ENGAGEMENT AT THE FEDERAL ENERGY REGULATORY COMMISSION (FERC), INCLUDING SIGNIFICANT WORK ON THE COMMISSION'S TRANSMISSION REFORM DOCKET.

Program 2

STATE AFFAIRS: SEIA'S STATE POLICY EFFORTS INCLUDED SEVERAL KEY LEGISLATIVE AND REGULATORY ACCOMPLISHMENTS IN 2023, INCLUDING A FINAL ORDER IN NORTH CAROLINA'S SMART $AVER DOCKET THAT FURTHER...

STATE AFFAIRS: SEIA'S STATE POLICY EFFORTS INCLUDED SEVERAL KEY LEGISLATIVE AND REGULATORY ACCOMPLISHMENTS IN 2023, INCLUDING A FINAL ORDER IN NORTH CAROLINA'S SMART $AVER DOCKET THAT FURTHER SUPPORTS BUILDOUT OF DISTRIBUTED SOLAR, PASSAGE OF A BILL IN COLORADO TO INCREASE THE SPEED AND EFFICIENCY OF SOLAR PERMITS, AND PASSAGE OF A BILL IN MARYLAND MAKING THE STATE'S COMMUNITY SOLAR PROGRAM PERMANENT. SEIA ALSO ENGAGED IN A NUMBER OF ONGOING ISSUES AT THE STATE LEVEL, INCLUDING CALIFORNIA'S TRANSITION TO A NET BILLING TARIFF FOR ROOFTOP SOLAR CUSTOMERS, CONSUMER PROTECTION LEGISLATION IN STATES LIKE NEVADA, PENNSYLVANIA AND NEW YORK, AND SOLAR PANEL RECYCLING AND END-OF-LIFE MANAGEMENT DISCUSSIONS.

Program 3

PUBLIC AFFAIRS: SEIA'S COMMUNICATIONS AND PUBLIC AFFAIRS APPARATUS HELPED SUPPORT THE ORGANIZATION'S POLICY AND PROGRAMMING GROWTH IN 2023, INCREASING THE ASSOCIATION'S BRAND AWARENESS AS NEW...

PUBLIC AFFAIRS: SEIA'S COMMUNICATIONS AND PUBLIC AFFAIRS APPARATUS HELPED SUPPORT THE ORGANIZATION'S POLICY AND PROGRAMMING GROWTH IN 2023, INCREASING THE ASSOCIATION'S BRAND AWARENESS AS NEW PRODUCTS AND OFFERINGS CAME TO FRUITION SUCH AS SEIA'S NEW ONLINE LEARNING PLATFORM AND ACCREDITATION AS A ANSI-RECOGNIZED STANDARDS-SETTING BODY. SEIA'S PUBLIC AFFAIRS WORK ALSO SUPPORTED A VARIETY OF KEY POLICY OBJECTIVES, INCLUDING THE DEFEAT OF AN ATTEMPT TO USE THE CONGRESSIONAL REVIEW ACT TO PLACE MORE THAN $1 BILLION IN RETROACTIVE TARIFFS ON U.S. SOLAR BUSINESSES.

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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 $32,785,535

Investment Income $640,138

Other Revenue $161,486

TOTAL REVENUE $33,587,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,077,510

Fundraising Expenses $0

Other Expenses $13,531,339

TOTAL EXPENSES $26,608,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,587,159	$26,206,067	+0.3%
Expenses	$26,608,849	$21,903,015	+0.2%
Net Income	$6,978,310	$4,303,052	+0.6%

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

100

Volunteers

105

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

$1,207,958

Total Directors

105