SOUTHERN RENEWABLE ENERGY ASSOCIAT… - Form 990 Financial Data

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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

SIMON MAHAN

Phone

3373033723

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN RENEWABLE ENERGY ASSOCIATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

PROMOTING RESPONSIBLE USE AND DEVELOPMENT OF WIND ENERGY, SOLAR ENERGY, ENERGY STORAGE AND TRANSMISSION SOLUTIONS IN THE SOUTH.

Program Service Accomplishments

Program 1

PROMOTED RESPONSIBLE USE AND DEVELOPMENT OF WIND ENERGY, SOLAR ENERGY, ENERGY STORAGE AND TRANSMISSION SOLUTIONS IN THE SOUTH.

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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 $1,528,000

Program Service Revenue $0

Investment Income $17,398

Other Revenue $755

TOTAL REVENUE $1,546,153

Expense Breakdown

Grants Paid $17,400

Salaries & Benefits $1,016,737

Fundraising Expenses $0

Other Expenses $562,180

TOTAL EXPENSES $1,596,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,546,153	$1,659,728	-0.1%
Expenses	$1,596,317	$695,504	+1.3%
Net Income	$-50,164	$964,224	-1.1%

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

$224,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAN HOLMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ZACHARY STINES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARSHALL COOVER	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SMUCKER	DIRECTOR	1.00	Director	$0	$0	$0
LYNNAE WILLETTE	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC STOCKER	TREASURER	1.00	Officer Director	$0	$0	$0
ARTHUR FISHER	DIRECTOR	1.00	Director	$0	$0	$0
SIMON MAHAN	EXECUTIVE DIRECTOR	40.00	Officer	$224,704	$0	$224,704

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	$1,546,153	$1,596,317	$2,052,870	$-50,164
2023	$1,659,728	$695,504	$1,088,712	$964,224
2022	$419,128	$382,371	$108,481	$36,757
2021	$220,000	$204,459	$71,396	$15,541
2020	$196,000	$148,581	$55,185	$47,419
2019	$145,000	$167,700	$7,704	$-22,700
2018	$68,957	$40,452	$30,217	$28,505

SOUTHERN RENEWABLE ENERGY ASSOCIATION