NEW PARTNERS COMMUNITY SOLAR CORP

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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

2016

Legal Domicile

Principal Officer

JEFFREY S LESK

Phone

2025858811

Tax Period

2023-01-01 to 2023-12-31

NEW PARTNERS COMMUNITY SOLAR CORP, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $155K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $208K exceeded revenue, resulting in a 34% operating deficit.

Mission

NEW PARTNERS COMMUNITY SOLAR CORP. WAS FORMED AS A CHARITABLE ORGANIZATION TO PROVIDE ACCESS TO ENERGY TO LOW INCOME PEOPLE AND FAMILIES, PROVIDE FREE ELECTRICITY TO LOW INCOME PEOPLE AND FAMILIES, BASED ON THE DEVELOPMENT OF SOLAR FACILITIES THAT USE THE COMMUNITY SOLAR LAWS, EDUCATE THE COMMUNITY ON THE BENEFITS OF SOLAR AND OTHER RENEWABLE ENERGY, INCLUDING CLIMATE RESILIENCY, POLLUTION, AND HEALTH, AND PROMOTE LOCAL ECONOMIC DEVELOPMENT BY FOSTERING SOLAR FACILITIES IN LOW INCOME NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $58,766 Revenue: $19,442

NEW PARTNERS COMMUNITY SOLAR CORP. A CHARITABLE ORGANIZATION, ADMINISTERS PROGRAMS THAT ENABLE LOW-INCOME COMMUNITIES AND FAMILIES TO ECONOMICALLY BENEFIT FROM RENEWABLE ENERGY, INCLUDING SOLAR...

NEW PARTNERS COMMUNITY SOLAR CORP. A CHARITABLE ORGANIZATION, ADMINISTERS PROGRAMS THAT ENABLE LOW-INCOME COMMUNITIES AND FAMILIES TO ECONOMICALLY BENEFIT FROM RENEWABLE ENERGY, INCLUDING SOLAR ENERGY. THE ORGANIZATION DEVELOPS SOLAR FACILITIES AGGREGATING THE ELECTRICITY PRODUCED, TO DISTRIBUTE THE RESULTING ELECTRIC UTILITY BILL CREDITS, OR EQUIVALENT FINANCIAL BENEFITS, TO THE HOUSEHOLDS THAT PARTICIPATE IN NEW PARTNER'S PROGRAMS AND OTHERS. NEW PARTNERS COMMUNITY SOLAR ALSO EDUCATES THE COMMUNITIES ABOUT THE BENEFITS OF SOLAR ENERGY AND PROMOTES LOCAL ECONOMIC DEVELOPMENT BY FOSTERING SOLAR FACILITY DEVELOPMENT IN LOW-INCOME NEIGHBORHOODS.

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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 $135,399

Program Service Revenue $19,442

Investment Income $0

Other Revenue $0

TOTAL REVENUE $154,841

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $76,795

Fundraising Expenses $0

Program Expenses $58,766

Other Expenses $129,821

TOTAL EXPENSES $208,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$154,841	$480,260	-0.7%
Expenses	$208,116	$192,074	+0.1%
Net Income	$-53,275	$288,186	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERBERT F STEVENS	CEO	20.00	Officer Director	$0	$0	$0
JEFFREY S LESK	PRESIDENT	20.00	Officer Director	$0	$0	$0
ELIZABETH YOUNG	BOARD CHAIRM	2.00	Officer Director	$0	$0	$0
EDWARD YIM	DIRECTOR	1.00	Director	$0	$0	$0
TATIANA GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN ABBEY	DIRECTOR	1.00	Director	$0	$0	$0
MARK JAMES	DIRECTOR	1.00	Director	$0	$0	$0
PATRICE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS VANARSDALE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL WINSTON	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$154,841	$208,116	$2,790,814	$-53,275
2022	$480,260	$192,074	$2,844,089	$288,186
2021	$291,439	$158,268	$2,555,903	$133,171
2020	$331,837	$301,016	$2,426,729	$30,821
2019	$1,706,310	$347,998	$3,360,163	$1,358,312
2018	$907,731	$135,970	$1,207,001	$771,761