NEVADA CLEAN ENERGY FUND

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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

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.

Program Service Accomplishments

Program 1

Expenses: $2,638,397 Revenue: $49,869

THE NEVADA CLEAN ENERGY FUND (NCEF) IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO SUPPORT A THRIVING, AFFORDABLE, AND ACCESSIBLE CLEAN ENERGY ECONOMY BY PROVIDING FINANCIAL AND TECHNICAL RESOURCES TO NEVADANS. NCEF WAS ESTABLISHED BY NEVADA LEGISLATION IN 2017 TO ACCELERATE CLEAN ENERGY GROWTH IN THE STATE, REDUCE ENERGY COSTS, CREATE JOBS, AND MEANINGFULLY ADDRESS CLIMATE CHANGE. NCEF WORKS WITH COMMUNITIES, LOCAL BUSINESSES, SCHOOLS, GOVERNMENTS, UTILITIES, CONTRACTORS, LENDERS, AND OTHERS TO INCREASE ACCESS TO CLEAN ENERGY OPPORTUNITIES SUCH AS RENEWABLE ENERGY, ENERGY EFFICIENCY, ZERO-EMISSION VEHICLES, AND ENERGY STORAGE.

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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 $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

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

$261,212

Total Directors

Key Employees

Highest Compensated

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