NORTH CAROLINA SUSTAINABLE ENERGY ASSOCIATION (EIN 581342588) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

MATT ABELE

Phone

9198327601

Tax Period

2023-07-01 to 2024-06-30

NORTH CAROLINA SUSTAINABLE ENERGY ASSOCIATION, founded in 1978, is a community nonprofit in the Environment sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.1M left a modest 6% surplus.

Mission

WE ENVISION A FUTURE WHERE NORTH CAROLINA'S CLEAN ENERGY ECONOMY LEADS THE NATION AND SERVES AS A MODEL FOR OTHER STATES. TOGETHER WITH OUR MEMBERSHIP, NCSEA IS BLAZING THE PATH TOWARD THIS VISION, WHERE THE POSSIBILITIES AND BENEFITS FOR OUR STATE AND LOCAL ECONOMIES ARE ENDLESS, INCLUDING:- AFFORDABILITY OF CLEAN ENERGY- ACCESS BY ALL CONSUMERS TO CLEAN ENERGY- JOB GROWTH THROUGH CLEAN ENERGY MARKET ACTIVITY- AMOUNT OF CLEAN ENERGY CAPACITY DEPLOYED IN THE MARKET BY INDUSTRY, CONSUMERS, UTILITIES- AMOUNT OF ENERGY DEMAND REDUCED- INCREASED BIPARTISAN SUPPORT FOR TRANSFORMING THE ENERGY SYSTEM- DECLINING POLLUTION AND WASTE- IMPROVED ENERGY EQUITY- IMPROVED QUALITY OF LIFE AND BUSINESS CLIMATE FOR CLEAN ENERGY WITH EXPANDED ECONOMIC DEVELOPMENT AND LOCAL TAX BASE EXPANSIONOUR GOAL IS TO CULTIVATE A ROBUST CLEAN ENERGY ECOSYSTEM THAT UNIFIES AND BENEFITS ALL OF ITS STAKEHOLDERS: CONSUMERS, BUSINESSES, THE CLEAN ENERGY INDUSTRY AND UTILITY ENERGY PROVIDERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,014,537

Program Service Revenue $168,958

Investment Income $18,436

Other Revenue $95,260

TOTAL REVENUE $2,297,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,229,823

Fundraising Expenses $47,736

Program Expenses $1,708,971

Other Expenses $918,125

TOTAL EXPENSES $2,147,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,297,191	$2,485,158	-0.1%
Expenses	$2,147,948	$3,190,114	-0.3%
Net Income	$149,243	$-704,956	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$222,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANESSA KING	CHAIR 1/1/2023 THROUGH 12/21/2023	2.00	Officer Director	$0	$0	$0
CHASE COUNTS	CO-CHAIR 1/1/2023 THROUGH 12/21/2023	1.00	Director	$0	$0	$0
SARA TELANO	CHAIR OF FINANCE & AUDIT COMMITTEE 1/1/2023 THROUG	1.00	Officer Director	$0	$0	$0
ROGELIO SULLIVAN	CHAIR OF NOMINATING & GOVERNANCE COMMITTEE	1.00	Director	$0	$0	$0
JULIO ROVI	CHAIR OF DEVELOPMENT STRATEGY OVERSIGHT COMMITTEE	1.00	Director	$0	$0	$0
HAYES FRAMME	CHAIR OF INDUSTRY/POLICY ALIGNMENT COMMITTEE	1.00	Director	$0	$0	$0
KEN DULANEY	SECRETARY 1/1/2023 THROUGH 12/21/2023; CO-CHAIR EF	1.00	Officer Director	$0	$0	$0
RIZA JENKINS	CHAIR EFFECTIVE 1/1/2024	2.00	Officer Director	$0	$0	$0
STEVE KALLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
CLINT LLOYD	BOARD MEMBER UNTIL 12/31/2023	1.00	Director	$0	$0	$0
TAREK ABDEL-SALAM	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTINA TINA CLOSSICK	CO-CHAIR OF DEVELOPMENT STRATEGY OVERSIGHT COMMITT	1.00	Director	$0	$0	$0
LAURA COMBS	CO-CHAIR OF DEVELOPMENT STRATEGY OVERSIGHT COMMITT	1.00	Director	$0	$0	$0
USMAN NOOR	BOARD MEMBER	1.00	Director	$0	$0	$0
GRAHAM LEWIS	SECRETARY EFFECTIVE 1/1/2024	1.00	Officer Director	$0	$0	$0
GREG LENNON	CHAIR OF FINANCE & AUDIT COMMITTEE EFFECTIVE 1/1/2	1.00	Officer Director	$0	$0	$0
MOZINE LOWE	BOARD MEMBER	1.00	Director	$0	$0	$0
RUBENKA BANDYOPADHYAY - THRU 022023	BOARD MEMBER LEFT THE BOARD 2/2023	1.00	Director	$0	$0	$0
BEN PROCHAZKA - THUR 042023	BOARD MEMBER LEFT THE BOARD 4/2023	1.00	Director	$0	$0	$0
WARD LENZ	EXECUTIVE DIRECTOR	45.00	Officer	$110,428	$5,049	$115,477
MATT ABELE	EXECUTIVE DIRECTOR	45.00	Officer	$100,361	$6,532	$106,893
CASSIE GAVIN - HIGHLY COMPENSATED	DIRECTOR OF POLICY	45.00	Highest	$133,171	$6,132	$139,303
ETHAN BLUMENTHAL - HIGHLY COMPENSAT	POLICY STRATEGIST	45.00	Highest	$103,571	$6,132	$109,703
KAREN GARDNER - HIGHLY COMPENSATED	DIRECTOR OF CORE SERVICES	45.00	Highest	$101,664	$1,732	$103,396

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	No data	No data	No data	No data
2024	$2,297,191	$2,147,948	$1,972,639	$149,243
2023	$2,485,158	$3,190,114	$2,076,362	$-704,956
2022	$2,840,629	$2,774,884	$2,468,744	$65,745
2021	$3,429,820	$2,422,276	$2,370,897	$1,007,544
2020	$2,049,301	$2,271,920	$1,606,558	$-222,619
2019	$2,609,868	$2,725,038	$1,538,582	$-115,170

NORTH CAROLINA SUSTAINABLE ENERGY ASSOCIATION