Olympia Community Solar

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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

Mason Rolph

Tax Period

2025-01-01 to 2025-12-31

Olympia Community Solar, founded in 2018, is a small nonprofit in the Environment sector that reported $342K in total revenue in fiscal year 2025. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $578K exceeded revenue, resulting in a 69% operating deficit.

Mission

To steward an equitable and accessible transition to clean energy through community solar education, policy, and project development.

Program Service Accomplishments

Program 1

Expenses: $146,040 Revenue: $16,932

GOOD SHEPHERD community solar: Olympia Community Solar is the owner/operator of a 172 kW solar energy installation on Good Shepherd Lutheran Church. The project serves one low-income service provider...

Program 2

Expenses: $65,102 Revenue: $16,167

THURGOOD MARSHALL Community Solar: Olympia Community Solar is the owner/operator of a 150 kw solar energy installation on Thurgood Marshall Middle School. The project serves 37 private subscribers...

THURGOOD MARSHALL Community Solar: Olympia Community Solar is the owner/operator of a 150 kw solar energy installation on Thurgood Marshall Middle School. The project serves 37 private subscribers and one lowincome service povider with clean energy benefits. The vast majority of the project is dedicated to low-income housing providers, funded by the WSU low-income community solar program.

Program 3

Expenses: $43,640 Revenue: $149,664

Management Fees and depreciation for 4 prior projects, Grant writing, Feasibility Studies for Tumwater City Govt, and Coastal Community Action Program.

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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 (2025)

Revenue Breakdown

Contributions & Grants $59,175

Program Service Revenue $282,065

Investment Income $0

Other Revenue $974

TOTAL REVENUE $342,214

Expense Breakdown

Grants Paid $2,665

Salaries & Benefits $219,633

Fundraising Expenses $0

Program Expenses $284,126

Other Expenses $355,455

TOTAL EXPENSES $577,753

Year-over-Year Comparison

	2025	2024	Change
Revenue	$342,214	$255,981	+0.3%
Expenses	$577,753	$530,033	+0.1%
Net Income	$-235,539	$-274,052	-0.1%

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

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
Mason Rolph	Executive Director	40.00	Officer Key Emp	$0	$0	$0
Katrina Taylor	Secretary	1.00	Officer	$0	$0	$0
Connor Tibke	Treasurer	1.00	Officer	$0	$0	$0
Adam Powers	Officer	0.50	Officer	$0	$0	$0
Adam Harrison	Officer	0.50	Officer	$0	$0	$0
Jeff Johnston	Officer	1.00	Officer	$0	$0	$0
Mike Dalton	Officer	0.50	Officer	$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	$342,214	$577,753	$420,541	$-235,539
2024	$259,978	$530,033	$962,315	$-270,055
2023	$755,307	$440,274	$674,227	$315,033
2022	$541,383	$233,779	$338,622	$307,604
2022	$194,543	$253,645	$278,130	$-59,102
2021	$94,244	$94,207	$28,946	$37