CLEANTECH PARTNERS INC

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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

GREG DOMBROWSKI

Phone

6082030111

Tax Period

2024-01-01 to 2024-12-31

CLEANTECH PARTNERS INC, founded in 2004, is a community nonprofit in the Environment sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 7% surplus.

Mission

THE CTP MISSION IS TO ACCELERATE THE COMMERCIALIZATION OF EMERGING AND BEST PRACTICE ENERGY EFFICIENCY TECHNOLOGIES ACROSS WISCONSIN AND WHEN APPLICABLE, UTILIZE THAT KNOWLEDGE TO HELP OTHER INDUSTRIAL USERS OUTSIDE OF WISCONSIN.

Program Service Accomplishments

Program 1

Expenses: $1,089,792 Revenue: $1,312,667

THE FOCUS ON ENERGY BEST PRACTICES PROGRAM IS A PROGRAM FUNDED BY RATE-PAYING UTILITY CUSTOMERS IN WISCONSIN TO IDENTIFY CURRENT BEST PRACTICE METHODS AND EQUIPMENT FOR IMPROVING ENERGY EFFICIENCY IN WISCONSIN INDUSTRIAL FIRMS. CLEANTECH PARTNERS PROFESSIONAL STAFFPROVIDED PRESENTATIONS AND CONSULTATION TO WISCONSIN COMPANIES INTERESTED IN THE WELL-PROVEN BEST PRACTICE METHODS AND EQUIPMENT THAT WERE EXPECTED TO IMPROVE ENERGY EFFICIENCY. CLEANTECH PARTNERS ALSO WORKS WITH LARGER BUSINESS AND ORGANIZATION TO BUILD CAPACITIES IMPROVING ENERGY PERFORMANCE. TRAINING FOCUSES ON INTEGRATING ENERGY CONSIDERATIONS INTO ORGANIZATIONAL DECISION-MAKING THROUGH THE APPLICATION OF CONTINUOUS IMPROVEMENT PRINCIPLES AND PRACTICES AND THE DEVELOPMENT OF ENERGY INFORMATION SYSTEMS.

Program 2

Expenses: $335,266 Revenue: $500,000

THE INDUSTRIAL TECHNOLOGY ACCELERATOR PROGRAM IS A PROGRAM FUNDED BY RATE-PAYING UTILITY CUSTOMERS IN WISCONSIN TO IDENTIFY NEW EMERGING TECHNOLOGIES WORLDWIDE THAT ARE NEW TO PRACTICE IN WISCONSIN INDUSTRIAL FIRMS. CLEANTECH PARTNERS PROFESSIONAL STAFF SEARCHED FOR NEW TECHNOLOGIES, RESEARCHED THE IDENTIFIED TECHNOLOGIES AS FEASIBLE FOR WISCONSININDUSTRIAL COMPANIES, REVIEWED RESEARCH REPORTS AND INDUSTRY STUDIES, PROVIDED PRESENTATIONS AND CONSULTATION TO WISCONSIN COMPANIES INTERESTED IN THE SUBJECT NEW TECHNOLOGIES NOT PRACTICED IN WISCONSIN AND DESIGNED TO IMPROVE ENERGY EFFICIENCY.

Program 3

Expenses: $985 Revenue: $217,536

ECONOMIC INVESTMENT IN COMPANIES USING ENERGY-EFFICIENT TECHNOLOGY.

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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 $0

Program Service Revenue $2,029,903

Investment Income $64,006

Other Revenue $300

TOTAL REVENUE $2,094,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,762,099

Fundraising Expenses $0

Program Expenses $1,426,043

Other Expenses $176,913

TOTAL EXPENSES $1,939,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,094,209	$2,089,833	+0.0%
Expenses	$1,939,012	$1,686,847	+0.1%
Net Income	$155,197	$402,986	-0.6%

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

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

$388,480

Total Directors

$300,945

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MASOOD AKHTAR	PRESIDENT	40.00	Officer Director	$274,634	$26,311	$300,945
THOMAS BOLDT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SHOYS	DIRECTOR	1.00	Director	$0	$0	$0
GREG DOMBROWSKI	SECRETARY/TREASURER	20.00	Officer	$84,168	$3,367	$87,535
TIM KONICEK	EMERGING TECH MANAGER	40.00	Highest	$152,424	$9,298	$161,722
RICHARD REESE	SUBJECT MATTER EXPERT (PAP	20.00	Highest	$111,210	$0	$111,210
JEFFERY FOCHS	SUBJECT MATTER EXPERT (UTILITIES)	40.00	Highest	$105,545	$9,122	$114,667
GARY HEGEWALD	ENERGY ADVISOR	40.00	Highest	$120,750	$4,830	$125,580
RANDALL URNESS	ENERGY ADVISOR	40.00	Highest	$116,844	$5,177	$122,021

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	$2,094,209	$1,939,012	$9,040,220	$155,197
2023	$2,089,833	$1,686,847	$8,831,257	$402,986
2022	$1,828,551	$1,670,334	$8,439,839	$158,217
2021	$1,764,935	$1,511,662	$8,263,187	$253,273
2020	$1,560,128	$1,576,241	$8,013,247	$-16,113
2019	$2,056,702	$1,857,451	$8,042,835	$199,251
2018	$4,090,207	$2,088,511	$7,825,268	$2,001,696