SUNWORK RENEWABLE ENERGY PROJECTS (EIN 550909278) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

Reuben Veek

Phone

6505209918

Tax Period

2024-06-01 to 2025-05-31

SUNWORK RENEWABLE ENERGY PROJECTS, founded in 2005, is a community nonprofit in the Science & Technology sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.4M left a modest 5% surplus.

Mission

The organization's mission is to carry out volunteer-assisted installation of clean energy technologies, thereby reducing the cost of these projects in order to promote wider adoption, while providing training and hands-on experience with vocational value to volunteers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $52,723

Program Service Revenue $1,399,371

Investment Income $0

Other Revenue $5,952

TOTAL REVENUE $1,458,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,810

Fundraising Expenses $0

Program Expenses $1,380,864

Other Expenses $966,313

TOTAL EXPENSES $1,382,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,458,046	$1,564,718	-0.1%
Expenses	$1,382,123	$1,500,830	-0.1%
Net Income	$75,923	$63,888	+0.2%

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

132

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

$83,326

Total Directors

$83,326

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Reuben Veek	Executive and Operations Director	60	Officer Director	$75,000	$8,326	$83,326
Michael Balma	Development and Finance Director	0	Officer Director	$0	$0	$0
Aimee Gotway Bailey	Director	0	Director	$0	$0	$0
Kristel Wickham	Director	0	Director	$0	$0	$0
Tom Kabat	Director	0	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
2025	$1,458,046	$1,382,123	$1,126,617	$75,923
2024	$1,564,718	$1,500,830	$1,172,482	$63,888
2023	$1,759,347	$1,662,511	$978,923	$96,836
2022	$1,988,123	$1,670,200	$1,000,518	$317,923
2021	$1,870,017	$1,667,843	$728,859	$202,174

SUNWORK RENEWABLE ENERGY PROJECTS