CAROLINAS CLEAN ENERGY BUSINESS ASSOCIATION

EIN: 800912572 Community Improvement

DURHAM, NC

Total Revenue
$1,504,996
Total Expenses
$1,723,642
Total Assets
$297,498
Net Assets
$-10,191
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NC
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

CAROLINAS CLEAN ENERGY BUSINESS ASSOCIATION (CCEBA) WAS CREATED TO REPRESENT BUSINESSES THROUGHOUT THE CLEAN ENERGY SECTOR, INCLUDING INDEPENDENT POWER PRODUCERS/DEVELOPERS AS WELL AS THOSE IN THE CLEAN ENERGY SUPPLY CHAIN. CCEBA'S MISSION IS TO ENSURE ANNUAL MEASURABLE LEGISLATIVE AND REGULATORY PROGRESS TOWARD TRANSPARENT, COMPETITIVE ENERGY MARKETS.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
2
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
5
$143,550
Total Directors
13
$0
Key Employees
1
$177,855
Highest Compensated
0
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
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