SOLAR RATING & CERTIFICATION CORPO… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

DOMINIC P SIMS

Phone

8884227233

Tax Period

2023-01-01 to 2023-12-31

SOLAR RATING & CERTIFICATION CORPORATION, founded in 1982, is a small nonprofit that reported $503K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $482K left a modest 4% surplus.

Mission

OUR MISSION IS THE DEVELOPMENT AND IMPLEMENTATION OF NATIONAL RATING STANDARDS AND CERTIFICATION PROGRAMS FOR RENEWABLE ENERGY EQUIPMENT AND SYSTEMS.

Program Service Accomplishments

Program 1

SRCC PROVIDES AUTHORITATIVE PERFORMANCE RATINGS, CERTIFICATIONS AND STANDARDS FOR RENEWABLE ENERGY PRODUCTS INCLUDING SOLAR COLLECTORS AND SOLAR WATER HEATING SYSTEMS.

Program 2

THE SMALL WIND PROGRAM CERTIFIES TURBINES FOR RATED ENERGY OUTPUT, RATED POWER, AND RATED SOUND LEVEL. CLEARLY PRESENTED, THE LABELS CONFIRM THAT CERTIFIED TURBINES MEET DURABILITY AND SAFETY...

THE SMALL WIND PROGRAM CERTIFIES TURBINES FOR RATED ENERGY OUTPUT, RATED POWER, AND RATED SOUND LEVEL. CLEARLY PRESENTED, THE LABELS CONFIRM THAT CERTIFIED TURBINES MEET DURABILITY AND SAFETY REQUIREMENTS OF APPLICABLE STANDARDS. THE PROGRAM INCLUDES SMALL AND MEDIUM WIND TURBINES WITH PEAK POWER RATINGS UP TO 300KW.

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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 $502,808

Investment Income $0

Other Revenue $0

TOTAL REVENUE $502,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $364,497

Fundraising Expenses $0

Other Expenses $117,067

TOTAL EXPENSES $481,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,808	$557,152	-0.1%
Expenses	$481,564	$506,336	0.0%
Net Income	$21,244	$50,816	-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

N/A

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

$2,572,981

Total Directors

$2,572,981

Key Employees

$772,183

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINIC SIMS	CHAIR	0.0	Officer Director	$0	$148,007	$1,344,655
JOHN BELCIK	VICE CHAIR AND TREASURER	0.0	Officer Director	$0	$279,944	$970,877
SHAHIN MOINIAN	EVP, Conformity Assess. Group	1.0	Key Emp	$0	$85,035	$772,183
SHAWN MARTIN	VICE PRESIDENT - TECHNICAL SVC	38.0	Highest	$217,551	$47,516	$265,067
MELIKE ONCU	SECRETARY (THRU 10/23)	2.0	Officer Director	$0	$32,730	$257,449

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	$502,808	$481,564	$322,057	$21,244
2022	$557,152	$506,336	$342,964	$50,816
2021	$487,818	$466,580	$298,592	$21,238
2020	$434,026	$455,973	$251,967	$-21,947
2019	$486,543	$444,887	$274,875	$41,656
2018	$541,119	$504,984	$244,370	$36,135

SOLAR RATING & CERTIFICATION CORPORATION