Milpitas, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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 make them feasible and attractive for a broader customer set, while providing training and hands-on experience with vocational value to volunteers. Current technologies of focus include solar photovoltaic systems and heat pump water heaters.
Reduced-Cost Clean Energy Technology Installation: 83 reduced-cost rooftop solar photovoltaic projects completed for low-energy-use homeowners and nonprofit organizations, for a total of 366.4...
Reduced-Cost Clean Energy Technology Installation: 83 reduced-cost rooftop solar photovoltaic projects completed for low-energy-use homeowners and nonprofit organizations, for a total of 366.4 kilowatts of new generating capacity. Average solar project cost before subsidies was $2.60/watt, versus the local average cost for similar projects of approximately $2.85/watt. 72 high-efficiency electric heat pump water heaters installed replacing gas-fired water heaters in homes and other buildings. Leveraging local rebates, average heat pump water heater project cost as invoiced to clients was approximately $900.
Volunteer Skill and Safety Training: 2 online training sessions held for a total of 86 new volunteers attending, bringing the total number of trained volunteers to 3295. 71 solar photovoltaic...
Volunteer Skill and Safety Training: 2 online training sessions held for a total of 86 new volunteers attending, bringing the total number of trained volunteers to 3295. 71 solar photovoltaic installation work days run, with 78 different individuals participating on at least one solar work day. 76 heat pump water heater installation work days run, with 65 different individuals participating on at least one water heater work day.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare SUNWORK RENEWABLE ENERGY PROJECTS with other nonprofits in California and across the country.