COLORADO SOLAR ENERGY INDUSTRIES ASSOC (EIN 841115955) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

BILL CLAY

Phone

3033337342

Tax Period

2024-01-01 to 2024-12-31

COLORADO SOLAR ENERGY INDUSTRIES ASSOC, founded in 1989, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.1M left a modest 3% surplus.

Mission

Our mission is to expand solar and storage markets and to generate jobs and prosperity for the people of Colorado. Together with hundreds of solar and storage business members we work to advance clean energy policies, remove market barriers, highlight emerging trends, and increase solar and storage education.

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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 $412,290

Program Service Revenue $491,373

Investment Income $14

Other Revenue $281,912

TOTAL REVENUE $1,185,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $749,075

Fundraising Expenses $57,458

Program Expenses $976,789

Other Expenses $400,087

TOTAL EXPENSES $1,149,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,185,589	$1,337,102	-0.1%
Expenses	$1,149,162	$1,419,113	-0.2%
Net Income	$36,427	$-82,011	-1.4%

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
ELLEN KUTZER	IN-HOUSE COUNSEL	40.00		$182,000	$0	$182,000
MICHAEL KRUGER	PRESIDENT/CEO	40.00		$164,789	$0	$164,789
STEFANIE BEDNAR	MMBRSHIP DIRECTOR	40.00		$156,345	$0	$156,345
JAKE BOBROW	Director	2.00	Officer Director	$0	$0	$0
JOHN BERNHARDT	Director	2.00	Officer Director	$0	$0	$0
ADAM HARRISON	Director	2.00	Officer Director	$0	$0	$0
MARGARET KRAL	Director	1.00	Director	$0	$0	$0
BILL CLAY	Chairman	1.00	Director	$0	$0	$0
TAYLOR HENDERSON	Director	1.00	Director	$0	$0	$0
BECCA GALLERY	Director	1.00	Director	$0	$0	$0
COURTNEY WELCH	Director	1.00	Director	$0	$0	$0
JANNA WEST-HEISS	Director	1.00	Director	$0	$0	$0
ZAKI ROBBINS	Secretary	1.00	Director	$0	$0	$0
RACHEL MOUNTAIN	Director	2.00	Director	$0	$0	$0
CHRISTOPHER WORLEY	Director	2.00	Director	$0	$0	$0
Mike Kruger	President & CEO	40.00		$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	$1,185,589	$1,149,162	$390,090	$36,427
2023	$1,337,102	$1,419,113	$313,287	$-82,011
2022	$1,326,770	$1,235,021	$403,384	$91,749
2021	$782,652	$862,910	$248,654	$-80,258
2020	$535,926	$538,936	$144,965	$-3,010
2019	$538,321	$607,723	$51,615	$-69,402
2018	$408,193	$489,146	$69,676	$-80,953

COLORADO SOLAR ENERGY INDUSTRIES ASSOC