CAROLINAS CLEAN ENERGY BUSINESS AS… - 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

2013

Legal Domicile

Principal Officer

DENNIS RICHTER

Phone

9196081060

Tax Period

2024-01-01 to 2024-12-31

CAROLINAS CLEAN ENERGY BUSINESS ASSOCIATION, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO STRENGTHEN THE VOICE FOR CLEAN ENERGY THROUGH EDUCATION, OUTREACH, REGULATORY MONITORING AND LOBBYING OF DECISION MAKERS.

Program Service Accomplishments

Program 1

Expenses: $1,553,087 Revenue: $5,479

CAROLINAS CLEAN ENERGY BUSINESS ASSOCIATION STRENGTHENS THE POLITICAL VOICE FOR CLEAN ENERGY THROUGH EDUCATION, OUTREACH, AND DIRECT LOBBYING OF DECISION-MAKERS.

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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 $1,499,500

Program Service Revenue $5,479

Investment Income $17

Other Revenue $0

TOTAL REVENUE $1,504,996

Expense Breakdown

Grants Paid $531,350

Salaries & Benefits $345,296

Fundraising Expenses $54,068

Program Expenses $1,553,089

Other Expenses $846,996

TOTAL EXPENSES $1,723,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,504,996	$875,567	+0.7%
Expenses	$1,723,642	$686,422	+1.5%
Net Income	$-218,646	$189,145	-2.2%

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

$143,550

Total Directors

Key Employees

$177,855

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BURNS	IN HOUSE COU	40.00	Key Emp	$172,963	$4,892	$177,855
CHRIS CARMODY	EXECUTIVE DI	40.00	Officer	$139,000	$4,550	$143,550
CARSON HARKRADER	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
MARSHALL COOVER	VICE CHAIR	4.00	Officer Director	$0	$0	$0
GREG GEPHARDT	SECRETARY	4.00	Officer Director	$0	$0	$0
DENNIS RICHTER	TREASURER	4.00	Officer Director	$0	$0	$0
KATIE CHILES-OTTENWELLER	DIRECTOR	2.00	Director	$0	$0	$0
HAMILTON DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
MATT DELAFIELD	DIRECTOR	2.00	Director	$0	$0	$0
ANGIE FIESE	DIRECTOR	2.00	Director	$0	$0	$0
ADAM FOODMAN	DIRECTOR	2.00	Director	$0	$0	$0
BLAN HOLMAN	DIRECTOR	2.00	Director	$0	$0	$0
COLIN LOMAGISTRO	DIRECTOR	2.00	Director	$0	$0	$0
CAITLIN VINCENT	DIRECTOR	2.00	Director	$0	$0	$0
ANDY WHITE	DIRECTOR	2.00	Director	$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	$1,504,996	$1,723,642	$297,498	$-218,646
2023	$875,567	$686,422	$265,607	$189,145
2022	$569,000	$536,995	$66,397	$32,005
2021	$620,625	$778,182	$72,553	$-157,557
2020	$659,700	$493,309	$230,404	$166,391
2019	$399,465	$421,345	$16,732	$-21,880
2018	$348,459	$383,694	$8,612	$-35,235

CAROLINAS CLEAN ENERGY BUSINESS ASSOCIATION