CALIFORNIA CLEAN ENERGY FUND (EIN 770640000) - 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

2004

Legal Domicile

Principal Officer

DANNY KENNEDY

Phone

4159570167

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA CLEAN ENERGY FUND, founded in 2004, is a community nonprofit in the Environment sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROGRAM AND FUND MANAGER DRIVING CLEAN ENERGY ENTREPRENEURSHIP

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,038,839

Program Service Revenue $307,300

Investment Income $0

Other Revenue $15,000

TOTAL REVENUE $2,361,139

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $1,773,176

Fundraising Expenses $0

Program Expenses $1,857,415

Other Expenses $784,119

TOTAL EXPENSES $2,632,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,361,139	$2,758,210	-0.1%
Expenses	$2,632,295	$4,154,179	-0.4%
Net Income	$-271,156	$-1,395,969	-0.8%

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

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

$453,671

Total Directors

Key Employees

$326,398

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN FOSTER	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
IAN ROGOFF	BOARD MEMBER	3.00	Director	$0	$0	$0
JULIE BLUNDEN	BOARD MEMBER	3.00	Director	$0	$0	$0
JANET DALZIELL	BOARD MEMBER	3.00	Director	$0	$0	$0
DANNY KENNEDY	EXECUTIVE DIRECTOR	20.20	Officer	$221,950	$38,440	$260,390
CHRISTINA BORSUM	CFO	18.05	Officer	$183,695	$9,586	$193,281
REBECCA LEE	MANAGING DIRECTOR OF CA	33.37	Key Emp	$157,500	$0	$157,500
ELIZABETH ANDREWS	CHIEF DEVELOPMENT OFFICER	0.00	Key Emp	$160,483	$8,415	$168,898
JOY LARSON	PROGRAM DIRECTOR	40.04	Highest	$146,314	$7,496	$153,810
SARAH CHESTER	DIRECTOR OF GRANTS MGMT	40.08	Highest	$125,783	$6,511	$132,294
GRACE NITAFAN	CONTROLLER	15.06	Highest	$155,722	$13,657	$169,379
TRISTAN TREMSCHNIG	COMMUNICATIONS DIRECTOR	21.83	Highest	$138,496	$6,924	$145,420

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	$2,361,139	$2,632,295	$4,305,450	$-271,156
2022	$2,807,519	$2,742,111	$5,228,765	$65,408
2022	$2,758,210	$4,154,179	$4,958,364	$-1,395,969
2021	$2,353,039	$2,248,984	$5,185,135	$104,055
2020	$2,394,658	$2,458,350	$4,980,885	$-63,692
2020	$2,394,658	$2,630,403	$4,798,822	$-235,745
2019	$1,603,825	$1,590,824	$5,165,814	$13,001
2019	$1,603,825	$1,600,248	$5,165,814	$3,577
2018	$1,627,778	$1,418,817	$4,609,216	$208,961
2018	$1,627,778	$1,389,089	$4,638,944	$238,689

CALIFORNIA CLEAN ENERGY FUND