Smart Electric Power Alliance

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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

1992

Legal Domicile

Principal Officer

Sheri Givens

Phone

2028570898

Tax Period

2023-01-01 to 2023-12-31

Smart Electric Power Alliance, founded in 1992, is a mid-sized nonprofit in the Environment sector that reported $18.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.4M, a strong 35% operating margin.

Mission

SEPA is an educational nonprofit dedicated to advancing a carbon-free energy system by fostering collaboration, providing unbiased information, and driving actionable solutions.

Program Service Accomplishments

Program 1

Expenses: $2,201,164 Revenue: $1,059,903

Research and Strategy- SEPA provides essential research, resources, and tools to support utilities and energy industry stakeholders in making informed decisions. Our goal is to help them navigate the...

Program 2

Expenses: $2,292,877 Revenue: $14,871,918

Member Services - SEPA connects a diverse community of members, including utilities, technology providers, industry leaders, regulators, large energy users, state energy offices, government entities, consumer advocates, academia, and nonprofits, to learn, engage, and share best practices. SEPA offers eight working groups where members collaborate on relevant issues and explore actionable solutions. Members also enjoy discounts on educational workshops, webinars, and expert-led courses covering the latest industry trends.

Program 3

Expenses: $1,917,831 Revenue: $868,316

Education and Outreach - SEPA conducts surveys to gather insights from utilities and industry stakeholders. Based on these surveys, SEPA produces market intelligence reports, providing critical...

Education and Outreach - SEPA conducts surveys to gather insights from utilities and industry stakeholders. Based on these surveys, SEPA produces market intelligence reports, providing critical information to help stakeholders understand the impacts of energy sector transformation and develop roadmaps for success. This covers utility-scale and distributed energy resources, including solar, demand flexibility, energy storage, and the electrification of transportation, buildings, and industry. SEPA shares this information through public and member channels, offering education programs like onsite and virtual conferences, peer-to-peer learning, workshops, webinars, utility staff training, domestic and international fact-finding missions, and executive cohorts.

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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 $557,980

Program Service Revenue $16,800,137

Investment Income $616,152

Other Revenue $390,022

TOTAL REVENUE $18,364,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,431,111

Fundraising Expenses $0

Program Expenses $6,411,872

Other Expenses $3,495,035

TOTAL EXPENSES $11,926,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,364,291	$16,326,619	+0.1%
Expenses	$11,926,146	$9,920,411	+0.2%
Net Income	$6,438,145	$6,406,208	+0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$411,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Lau	Chair (APR-DEC)	1.00	Officer Director	$0	$0	$0
Alice Jackson	Chair (JAN-APR)/Ex-Chair (MAY-DEC)	1.00	Officer Director	$0	$0	$0
Peter Muhoro	Director/Chair Elect (APR-DEC)	1.00	Officer Director	$0	$0	$0
Seth Frader-Thompson	Treasurer	1.00	Officer Director	$0	$0	$0
Melissa Washington	Director/Secretary	1.00	Officer Director	$0	$0	$0
Jim Alberts	Executive Committee	1.00	Director	$0	$0	$0
Hannah Bascom	Nominating Committee Chair	1.00	Director	$0	$0	$0
Caroline Choi	Director	1.00	Director	$0	$0	$0
Linda Ferrone	Director	1.00	Director	$0	$0	$0
Muffi Ghadiali	Director	1.00	Director	$0	$0	$0
Marion Gold	Director	1.00	Director	$0	$0	$0
Jeff Guldner	Director	1.00	Director	$0	$0	$0
Bryan Hannegan	Director	1.00	Director	$0	$0	$0
Scott Harden	Director	1.00	Director	$0	$0	$0
Joe Hoagland	Director	1.00	Director	$0	$0	$0
Melissa Lavinson	Director	1.00	Director	$0	$0	$0
Mari Mclure	Director	1.00	Director	$0	$0	$0
Gary Racklife	Director	1.00	Director	$0	$0	$0
Carlos Restrepo	Director	1.00	Director	$0	$0	$0
Chris Roe	Director	1.00	Director	$0	$0	$0
Debra Smith	Director	1.00	Director	$0	$0	$0
Sheri Givens	President & CEO	40.00	Officer	$403,531	$8,281	$411,812
Christopher Schroeder	VP Research & Industry Strategy	40.00	Highest	$325,768	$42,217	$367,985
Beth Eagle	VP Operations	40.00	Highest	$306,474	$40,023	$346,497
Adam Wasserman	VP Marketing & Communications	40.00	Highest	$304,077	$42,092	$346,169
Courtney Galatioto	VP Membership	40.00	Highest	$275,700	$39,736	$315,436
Ukiah Busch	VP Development	40.00	Highest	$100,384	$5,816	$106,200
Aaron Smallwood	VP, Research & Industry Strategy	40.00	Highest	$179,679	$16,445	$196,124

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	$18,364,291	$11,926,146	$33,320,181	$6,438,145
2022	$16,326,619	$9,920,411	$24,338,371	$6,406,208
2021	$11,424,998	$8,912,974	$18,618,602	$2,512,024
2020	$6,400,597	$8,717,397	$13,999,790	$-2,316,800
2019	$10,274,753	$10,346,317	$15,504,778	$-71,564
2018	$10,113,085	$10,118,751	$14,732,624	$-5,666