INTERSTATE RENEWABLE ENERGY COUNCIL

EIN: 592201374 501(c)(3)

ALBANY, NY

Total Revenue
$7,372,220
Total Expenses
$7,600,918
Total Assets
$3,410,786
Net Assets
$2,658,813
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Principal Officer
LARRY SHERWOOD
Phone
5186217397
Tax Period
2023-01-01 to 2023-12-31

INTERSTATE RENEWABLE ENERGY COUNCIL, founded in 1982, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2023.

Mission

IREC BUILDS THE FOUNDATION FOR RAPID ADOPTION OF CLEAN ENERGY AND ENERGY EFFICIENCY TO BENEFIT PEOPLE, THE ECONOMY, AND OUR PLANET.

Program Service Accomplishments

Program 1
Expenses: $1,644,538

REGULATORY ENGAGEMENT: IREC ADVANCES POLICIES THAT ENABLE EFFICIENT & EQUITABLE DEPLOYMENT OF DISTRIBUTED ENERGY RESOURCES, SUCH AS ROOFTOP SOLAR AND ENERGY STORAGE. WE HOLD A UNIQUE POSITION AS AN...

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REGULATORY ENGAGEMENT: IREC ADVANCES POLICIES THAT ENABLE EFFICIENT & EQUITABLE DEPLOYMENT OF DISTRIBUTED ENERGY RESOURCES, SUCH AS ROOFTOP SOLAR AND ENERGY STORAGE. WE HOLD A UNIQUE POSITION AS AN INDEPENDENT PUBLIC INTEREST ORG WITH THE ENGINEERING AND LEGAL EXPERTISE TO EVALUATE AND IMPROVE POLICIES THAT DETERMINE HOW CLEAN ENERGY PROJECTS CAN CONNECT TO THE GRID, OFTEN THE ONLY SUCH GROUP PARTICIPATING IN CRITICAL POLICY DOCKETS BEFORE STATE UTILITY COMMISSIONS. AS OF 2023, IREC'S WORK HAS RESULTED IN IMPROVED STATEWIDE POLICIES IN AT LEAST 20 STATES (AZ,CA,CO,HI,IL,MA,MD,ME,MI,MN,MT,NJ,NM,NV,NY,OH,OR,UT,VT,WV). IREC ALSO PUBLISHED TECHNICAL RESOURCES & A NATIONAL STUDY ASSESSING INTERCONNECTION POLICIES THAT HAS SPURRED INTEREST AMONG STATES TO IDENTIFY IMPROVEMENTS.

Program 2
Expenses: $2,557,100 Revenue: $1,363,439

WORKFORCE DEV: IREC SUPPORTS THE GROWTH OF A HIGHLY-TRAINED & INCLUSIVE WORKFORCE TO ENABLE THE RAPID EXPANSION OF CLEAN ENERGY INDUSTRIES. IN 2023, IREC PUBLISHED THE 13TH ANNUAL NATIONAL SOLAR...

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WORKFORCE DEV: IREC SUPPORTS THE GROWTH OF A HIGHLY-TRAINED & INCLUSIVE WORKFORCE TO ENABLE THE RAPID EXPANSION OF CLEAN ENERGY INDUSTRIES. IN 2023, IREC PUBLISHED THE 13TH ANNUAL NATIONAL SOLAR JOBSCENSUS; CONCLUDED A PROJECT THAT TRAINED 75,000 BUILDING SAFETY AND CODE OFFICIALS FROM 2021- 24; LED THE 600+ MEMBER NATIONAL CLEAN ENERGY WORKFORCE ALLIANCE; CONNECTED HUNDREDS OF VETERANS WITH SOLAR CAREERS; OPERATED AS A DOL APPRENTICESHIP INTERMEDIARY PLACING 2,500+ CLEAN ENERGY APPRENTICES BY 2027; MAINTAINED ONE OF THE MOST WIDELY-USED CLEAN ENERGY TRAINING WEBSITES W/ EXPERT INFO ON CLEAN ENERGY CODES, STANDARDS, PERMITTING, AND INSPECTION; & LAUNCHED GREEN WORKFORCE CONNECT, A PLATFORM TO FACILITATE CONNECTIONS BETWEEN CAREER SEEKERS, EMPLOYERS, TRAINING PROVIDERS, & COMMUNITY GROUPS.

Program 3
Expenses: $1,976,152

LOCAL INITIATIVES: IREC HELPS LOCAL GOVTS AND ORGS BRING CLEAN ENERGY TO CONSTITUENTS. THE SOLSMART PROGRAM PROVIDES FREE ASSISTANCE & RECOGNIZES COMMUNITIES FOR SOLAR BEST PRACTICES (117M AMERICANS...

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LOCAL INITIATIVES: IREC HELPS LOCAL GOVTS AND ORGS BRING CLEAN ENERGY TO CONSTITUENTS. THE SOLSMART PROGRAM PROVIDES FREE ASSISTANCE & RECOGNIZES COMMUNITIES FOR SOLAR BEST PRACTICES (117M AMERICANS LIVE IN SOLSMART- DESIGNATED COMMUNITIES, WHICH SEE 17% MORE INSTALLATIONS). IREC LAUNCHED THE CHARGING SMART PROGRAM TO ENABLE RAPID DEVELOPMENT OF COMMUNITY EV CHARGING INFRASTRUCTURE, & A PROGRAM TO INSTALL SOLAR+STORAGE RESILIENCE HUBS ON COMMUNITY FACILITIES ACROSS PUERTO RICO, PROVIDING RESIDENTS WITH ELECTRICITY ACCESS DURING PROLONGED BLACKOUTS. IREC PLAYED A CRITICAL ROLE IN IMPROVING THE MODEL CODES THAT MOST COMMUNITIES BASE THEIR LOCAL CODES ON (22 OF IREC'S PROPOSALS WERE ACCEPTED INTO THE MODEL CODES, CHANGES THAT WILL IMPROVE THE EFFICIENCY & SAFETY OF CLEAN ENERGY INSTALLATIONS).

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,992,497
Program Service Revenue $1,363,438
Investment Income $30,079
Other Revenue $-13,794
TOTAL REVENUE $7,372,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,892,757
Fundraising Expenses $402,544
Program Expenses $6,177,790
Other Expenses $3,708,161
TOTAL EXPENSES $7,600,918

Year-over-Year Comparison

2023 2022 Change
Revenue $7,372,220 $7,063,364 +0.0%
Expenses $7,600,918 $7,643,405 0.0%
Net Income $-228,698 $-580,041 -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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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
38
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
7
$307,751
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY SHERWOOD PRESIDENT / 40.00
Officer
$271,730 $36,021 $307,751
RADINA VALOVA EMPLOYEE 40.00
Highest
$146,543 $14,369 $160,912
KRISTEN HAGERTY EMPLOYEE 40.00
Highest
$147,840 $8,888 $156,728
LESLIE GRAHAM EMPLOYEE 40.00
Highest
$136,298 $18,666 $154,964
SCOTT TOWNLEY EMPLOYEE 40.00
Highest
$137,659 $13,699 $151,358
GWEN BROWN EMPLOYEE 40.00
Highest
$135,137 $11,442 $146,579
LORRAINE AKIBA BOARD MEMBER 1.00
Director
$0 $0 $0
TRENTON ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
BONNIE DATTA BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA HATHERLY BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE HOSKINS BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE MCCORMACK BOARD MEMBER 1.00
Director
$0 $0 $0
DAN REICHER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM STARRS BOARD MEMBER 1.00
Director
$0 $0 $0
DUB TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
JACOB PARKS SECRETARY 1.00
Officer
$0 $0 $0
EMILY ROBICHAUX TREASURER 1.00
Officer
$0 $0 $0
MARC ROPER CHAIR 1.00
Officer
$0 $0 $0
RONNY SANDOVAL VICE CHAIR 1.00
Officer
$0 $0 $0
POLLY SHAW PAST CHAIR 1.00
Officer
$0 $0 $0
LARRY SHIRLEY PAST CHAIR 1.00
Officer
$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
2024 No data No data No data No data
2023 $7,372,220 $7,600,918 $3,410,786 $-228,698
2022 $7,063,364 $7,643,405 $3,841,125 $-580,041
2021 $5,688,998 $5,481,919 $4,611,580 $207,079
2020 $4,093,970 $2,605,862 $3,755,320 $1,488,108
2019 $3,461,712 $2,696,139 $2,070,082 $765,573
2018 $2,088,960 $3,167,354 $1,316,831 $-1,078,394
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