NEVADA CLEAN ENERGY FUND

EIN: 824784502 501(c)(3) Public & Societal Benefit

RENO, NV

Total Revenue
$3,633,493
Total Expenses
$3,420,826
Total Assets
$14,098,169
Net Assets
$1,591,014
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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
2018
Legal Domicile
NV
Principal Officer
KIRSTEN STASIO
Phone
7757370975
Tax Period
2024-07-01 to 2025-06-30

NEVADA CLEAN ENERGY FUND, founded in 2018, is a community nonprofit in the Public & Societal Benefit sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 6% surplus.

Mission

THE NEVADA CLEAN ENERGY FUND (NCEF) IS A NON-PROFIT ORGANIZATION THAT SUPPORTS A THRIVING, AFFORDABLE, AND ACCESSIBLE CLEAN ENERGY ECONOMY BY PROVIDING FINANCIAL AND TECHNICAL RESOURCES TO NEVADANS.

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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 $3,343,759
Program Service Revenue $49,869
Investment Income $239,865
Other Revenue $0
TOTAL REVENUE $3,633,493

Expense Breakdown

Grants Paid $311,456
Salaries & Benefits $1,618,305
Fundraising Expenses $9,433
Program Expenses $2,638,397
Other Expenses $1,485,565
TOTAL EXPENSES $3,420,826

Year-over-Year Comparison

2024 2023 Change
Revenue $3,633,493 $1,956,185 +0.9%
Expenses $3,420,826 $652,387 +4.2%
Net Income $212,667 $1,303,798 -0.8%
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

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Governance

Voting Members
9
Independent Members
9
Employees
17
Volunteers
9

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
6
$261,212
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRSTEN STASIO CEO 40.00
Officer
$165,800 $4,974 $170,774
ASHEESH BHALLA GENERAL COUN 40.00
Highest
$125,000 $3,765 $128,765
GREGORY ZEGAS INVESTMENTS 40.00
Highest
$116,333 $3,490 $119,823
RAPHAELA HEUSSEN CFO 40.00
Officer
$87,838 $2,600 $90,438
DWAYNE MCCLINTON BOARD CHAIR 1.00
Officer Director
$0 $0 $0
LES LAZARECK VICE CHAIRPE 1.00
Officer Director
$0 $0 $0
ROBERT JOHNSTON TREASURER 1.00
Officer Director
$0 $0 $0
ROB BENNER SECRETARY 1.00
Officer Director
$0 $0 $0
SHARATH CHANDRA DIRECTOR 1.00
Director
$0 $0 $0
SANDY O'LAUGHLIN DIRECTOR 1.00
Director
$0 $0 $0
GUY SNOW DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KING DIRECTOR 1.00
Director
$0 $0 $0
NATE BOUVET 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
2025 $3,633,493 $3,420,826 $14,098,169 $212,667
2024 $1,956,185 $652,387 $1,450,186 $1,303,798
2023 $75,435 $335,093 $28,458 $-259,658
2022 $360,000 $71,884 $288,116 $288,116
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