RESIDENTIAL ENERGY SERVICES NETWOR… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

STEVE BADEN

Phone

7608063448

Tax Period

2024-01-01 to 2024-12-31

RESIDENTIAL ENERGY SERVICES NETWORK INC, founded in 1987, is a community nonprofit in the Environment sector that reported $4.3M in total revenue in fiscal year 2024. Expenses of $3.8M left a modest 13% surplus.

Mission

To make the energy use of all homes transparent, thereby driving residential sector energy use toward net zero.

Program Service Accomplishments

Program 1

Expenses: $2,917,843 Revenue: $3,634,859

MEMBERSHIPMEMBERSHIP FOR RATING PROVIDERS, SOFTWARE PROVIDERS, ANDRATER TRAINING PROVIDERS INCLUDES ACCREDITATION. THIS ACCREDITATION IS RECOGNIZED BY THE MORTGAGE INDUSTRY, ENERGY CODE OFFICIALS...

MEMBERSHIPMEMBERSHIP FOR RATING PROVIDERS, SOFTWARE PROVIDERS, ANDRATER TRAINING PROVIDERS INCLUDES ACCREDITATION. THIS ACCREDITATION IS RECOGNIZED BY THE MORTGAGE INDUSTRY, ENERGY CODE OFFICIALS, UTILITIES, THE US DEPARTMENT OF ENERGY, THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, AND THE ENVIRONMENTAL PROTECTION AGENCY FOR THE VERIFICATION OF A HOME'S ENERGY EFFICIENCY.

Program 2

Expenses: $171,087 Revenue: $366,044

EDUCATION, TRAINING, AND TESTINGRESNET TRAINS AND TESTS HOME ENERGY RATERS IN ITS ONGOING GROWING EDUCATION PROGRAM. RESNET ALSO ASSISTS IN DEVELOPING CERTIFICATION PROCEDURES FOR HOME ENERGY...

EDUCATION, TRAINING, AND TESTINGRESNET TRAINS AND TESTS HOME ENERGY RATERS IN ITS ONGOING GROWING EDUCATION PROGRAM. RESNET ALSO ASSISTS IN DEVELOPING CERTIFICATION PROCEDURES FOR HOME ENERGY PERFORMANCE PROFESSIONALS.

Program 3

Expenses: $97,876 Revenue: $208,953

ANNUAL CONFERENCENATIONAL CONFERENCE ON HOME ENERGY RATINGS AND BUILDING PERFORMANCE,DREW OVER 750 ATTENDEES TO LEARN FROM LEADING PROFESSIONALS IN THE FIELD ACROSS THE NATION AND INTERNATIONALLY.

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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 $3,634,859

Program Service Revenue $644,942

Investment Income $33,870

Other Revenue $0

TOTAL REVENUE $4,313,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,635,451

Fundraising Expenses $0

Program Expenses $3,186,806

Other Expenses $2,134,839

TOTAL EXPENSES $3,770,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,313,671	$4,110,005	+0.0%
Expenses	$3,770,290	$3,734,530	+0.0%
Net Income	$543,381	$375,475	+0.4%

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

200

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

Total Directors

$302,257

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BADEN	Executive Direc	40.00	Director	$302,257	$0	$302,257
CARDICE HOWARD	DEPUTY DIRECTOR	40.00		$137,440	$0	$137,440
RYAN MERES	PROGRAM DIRECTOR	40.00		$134,060	$0	$134,060
VALERIE BRIGGS	COMMUNICATIONS DIR	40.00		$127,871	$0	$127,871
SCOTT DOYLE	QUALITY ASSURANCE	40.00		$124,750	$0	$124,750
LINDSEY ELTON	Director	1.00	Director	$0	$0	$0
PHILIP FAIREY	Secretary	2.00	Officer Director	$0	$0	$0
DAVID BEAM	Treasurer	2.00	Officer Director	$0	$0	$0
JACOB ATALLA	Director	1.00	Director	$0	$0	$0
MATTHEW GINGRICH	Director	1.00	Director	$0	$0	$0
CY KILBORN	Vice President	2.00	Officer Director	$0	$0	$0
JOHN HENSLEY	IMMED PAST PRES	2.00	Officer Director	$0	$0	$0
EMELIE CUPPERNELL GLITCH	Director	1.00	Director	$0	$0	$0
IAN HUGHES	Director	1.00	Director	$0	$0	$0
SANDRA ADOMATIS	Director	1.00	Director	$0	$0	$0
LEO JANSEN	Director	1.00	Director	$0	$0	$0
MARK JOHNSON	President	2.00	Officer Director	$0	$0	$0
ROBERT PEGUES	Director	1.00	Director	$0	$0	$0
JONATHAN RISCH	Director	1.00	Director	$0	$0	$0
CHRIS MCTAGGART	Director	1.00	Director	$0	$0	$0
ERIN BORDELON	Director	1.00	Director	$0	$0	$0
DAVID GOLDSTEIN	Director	1.00	Director	$0	$0	$0
ABE KRUGER	Director	1.00	Director	$0	$0	$0
CURT RICH	Director	1.00	Director	$0	$0	$0
Laurel Elam	DIR QUALITY ASSURA	40.00		$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	$4,313,671	$3,770,290	$4,787,837	$543,381
2023	$4,110,005	$3,734,530	$3,614,557	$375,475
2022	$3,499,061	$3,459,049	$3,453,609	$40,012
2021	$3,466,024	$2,784,883	$3,277,466	$681,141
2020	$3,438,331	$3,088,084	$2,614,785	$350,247
2019	$2,980,543	$3,027,270	$2,283,085	$-46,727
2018	$2,869,093	$2,857,387	$2,301,770	$11,706

RESIDENTIAL ENERGY SERVICES NETWORK INC