BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOME ENERGY EFFICIENCY TEAM INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 4% surplus.
TO EVOLVE THE ENERGY SYSTEM TO MEET THE NEEDS OF THE FUTURE.
WE TOOK A NOVEL METHOD TO REDUCE LEAKED DISTRIBUTION PIPES GAS FROM IDEA TO RESEARCH TO ENACTED REGULATION, CUTTING LOST GAS BY 25% IN THE FIRST STATE DEPLOYED. WE PROPOSED A NOVEL UTILITY USING...
WE TOOK A NOVEL METHOD TO REDUCE LEAKED DISTRIBUTION PIPES GAS FROM IDEA TO RESEARCH TO ENACTED REGULATION, CUTTING LOST GAS BY 25% IN THE FIRST STATE DEPLOYED. WE PROPOSED A NOVEL UTILITY USING SINGLE-PIPE AMBIENT GEOTHERMAL NETWORKS THAT ALLOWS EXISTING GAS UTILITIES TO MODERNIZE AND FUTURE-PROOF INFRASTRUCTURE INVESTMENTS WHILE GROWING GOOD JOBS, LOWERING ENERGY COSTS AND EMISSIONS, AND IMPROVING SAFETY, RELIABILITY, SECURITY, HEALTH AND COMFORT. THE FIRST GAS TO GEO INSTALL IS OPERATIONAL AS OF JUNE 2024, NOW SERVING 140 CUSTOMERS, AND THERE IS A RAPIDLY GROWING PROJECT PIPELINE. WE BUILT A TECHNO ECONOMIC MODEL, LAUNCHED A DATABASE, LAUNCHED THE FIRST GEOTHERMAL TECHNICIAN TRAINING, AND DEVELOPED AND LED A SCALABLE COMMUNITY-INITIATED PROJECT APPROACH. WE ARE ENGAGED IN WIDESPREAD EDUCATION, RESOURCE AND POLICY DEVELOPMENT, AS WELL AS ONGOING INNOVATION TO UNLOCK THE AMBIENT THERMAL ENERGY OPPORTUNITY.
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 | $3,548,603 | $2,319,399 | +0.5% |
| Expenses | $3,401,451 | $2,132,797 | +0.6% |
| Net Income | $147,152 | $186,602 | -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 |
|---|---|---|---|---|---|---|
| ANA MARIA CAMARGO | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM HARKINS | TREASURER | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID OLIVER | CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JASON TAYLOR | BOARD MEMBER/CONSULTANT | 1.00 |
Director
|
$1,413 | $0 | $1,413 |
| KAREN MARTIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARILYN RAY SMITH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN REINHARDT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HG CHISSELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AUDREY SCHULMAN | CO-EXEC DIRECTOR THRU 3/31/24 | 40.00 |
Officer
|
$29,020 | $7,936 | $36,956 |
| ZEYNEB MAGAVI | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$94,656 | $0 | $94,656 |
| NOPALZIN TORRES | DIRECTOR OF FINANCE | 40.00 |
Officer
|
$89,481 | $13,398 | $102,879 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,548,603 | $3,401,451 | $2,368,908 | $147,152 |
| 2023 | $2,319,399 | $2,132,797 | $2,119,303 | $186,602 |
| 2022 | $1,763,681 | $1,034,890 | $1,743,592 | $728,791 |
| 2021 | $930,657 | $571,768 | $974,000 | $358,889 |
| 2020 | $871,580 | $540,832 | $628,451 | $330,748 |
| 2019 | $499,022 | $343,614 | $227,823 | $155,408 |
Compare HOME ENERGY EFFICIENCY TEAM INC with other nonprofits in Massachusetts and across the country.