PITTSFIELD, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PEOPLE'S SOLAR ENERGY FUND, founded in 2019, is a community nonprofit in the Public & Societal Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $626K, a strong 50% operating margin.
PEOPLE'S SOLAR ENERGY FUND, INC. PROVIDES NON-EXTRACTIVE FINANCING, TECHNICAL ASSISTANCE AND BULK-PURCHASING DISCOUNTED SERVICES TO BUILD A SCALABLE SYSTEM OF SUPPORT FOR COMMUNITY-LED AND COMMUNITY-OWNED SOLAR PROJECTS. THE EMPHASIS IS ON PROJECTS BENEFITING LOW- OR MODERATE-INCOME COMMUNITIES AND COMMUNITIES OF COLOR, CONTRIBUTING TO CLEANER AND MORE AFFORDABLE ENERGY, JOB CREATION, COMMUNITY ASSET DEVELOPMENT, AND A MORE DEMOCRATIZED ENERGY SYSTEM.
TRAINING THROUGH OUR 3 CAPACITY-BUILDING PROGRAMS: COMMUNITIES OF COLOR BUILDING SOLAR CAPACITY (CBSC), SOLAR LEADERS IN COMMUNITY (SLIC) AND MOVEMENT FOR SOLAR CAPACITY AND LEADERSHIP (MSCL), PSEF...
TRAINING THROUGH OUR 3 CAPACITY-BUILDING PROGRAMS: COMMUNITIES OF COLOR BUILDING SOLAR CAPACITY (CBSC), SOLAR LEADERS IN COMMUNITY (SLIC) AND MOVEMENT FOR SOLAR CAPACITY AND LEADERSHIP (MSCL), PSEF PROVIDED TRAINING AND FOSTERED CLOSE WORKING PARTNERSHIPS IN COMMUNITIES OF COLOR TO STRENGTHEN CAPACITY OF BIPOC-LED GROUPS TO HAVE A PLACE IN THE BURGEONING SOLAR MOVEMENT, AND, TO HELP MORE ADVANCED GROUPS PURSUE THE FEDERAL OFFERINGS WITH A PARTICULAR EYE TOWARDS THE CLIMATE, HEALTH, GREEN JOBS AND WEALTH-BUILDING PROMISE OF COMMUNITY-OWNED SOLAR. AS PART OF THIS COMMITMENT, WE EXPANDED OUR TEAM TO BETTER SUPPORT OUR CAPACITY-BUILDING EFFORTS. A TOTAL OF 40 INDIVIDUALS AND 12 GROUPS FROM 20 STATES AND PUERTO RICO PARTICIPATED IN OUR PROGRAMS. IN 2023, THE MSCL PROGRAM HELD 2 COHORTS, AND WE HOSTED 2 RETREATS, PROVIDING PARTICIPANTS WITH OPPORTUNITIES TO CONNECT, COLLABORATE, AND STRENGTHEN THEIR NETWORKS. FOLLOWING THESE PROGRAMS, SEVERAL ORGANIZATIONS APPLIED FOR PSEF MEMBERSHIP AND ARE NOW WORKING TOWARD DEVELOPING THEIR OWN COMMUNITY- OWNED SOLAR PROJECTS.
MEMBERSHIP IN 2023, PSEF EXPERIENCED GROWTH IN ITS MEMBERSHIP, WELCOMING TWO NEW MEMBERS, WAI?ANAE SUSTAINABILITY COOPERATIVE AND GREEN ENERGY JUSTICE CO-OP (GEJC), TO ITS COMMUNITY OF 24 MEMBERS. TO...
MEMBERSHIP IN 2023, PSEF EXPERIENCED GROWTH IN ITS MEMBERSHIP, WELCOMING TWO NEW MEMBERS, WAI?ANAE SUSTAINABILITY COOPERATIVE AND GREEN ENERGY JUSTICE CO-OP (GEJC), TO ITS COMMUNITY OF 24 MEMBERS. TO BETTER ALIGN ITS VISION AND GOALS, PSEF INITIATED A STRATEGIC PLANNING PROCESS IN THE FALL OF 2022. THIS STRATEGIC PLANNING EFFORT CULMINATED IN THE ORGANIZATION'S FIRST IN- PERSON MEMBERSHIP STRATEGIC PLANNING RETREAT, WHICH TOOK PLACE IN JANUARY 2023. THE RETREAT SERVED AS A PIVOTAL MOMENT FOR PSEF'S DIRECTION AND FUTURE STRATEGIES. AS PART OF ITS COMMITMENT TO BUILDING STRONG RELATIONSHIPS WITHIN ITS NETWORK, PSEF'S EXECUTIVE LEADERS EMBARKED ON VISITS TO VARIOUS MEMBERS AND THEIR PROJECT SITES. THESE INTERACTIONS HELPED STRENGTHEN THE BONDS AND COLLABORATIONS WITHIN THE ORGANIZATION.
LENDING PSEF OFFERS A BLEND OF FLEXIBLE, AFFORDABLE CAPITAL TO SUPPORT COMMUNITY- OWNED PROJECTS. TWO OF OUR MEMBERS RECENTLY BENEFITED FROM OUR PRE- DEVELOPMENT LOAN PROGRAM. GREEN ENERGY JUSTICE...
LENDING PSEF OFFERS A BLEND OF FLEXIBLE, AFFORDABLE CAPITAL TO SUPPORT COMMUNITY- OWNED PROJECTS. TWO OF OUR MEMBERS RECENTLY BENEFITED FROM OUR PRE- DEVELOPMENT LOAN PROGRAM. GREEN ENERGY JUSTICE COOPERATIVE SECURED A 120,000 LOAN FOR THE DEVELOPMENT OF AN INNOVATIVE 9MW COMMUNITY-OWNED SOLAR PROJECT IN ILLINOIS. SIMILARLY, HOAHU ENERGY COOPERATIVE MOLOKA'I RECEIVED 55,000 TO SUPPORT THE FIRST COMMUNITY-OWNED SOLAR PROJECT ON THE ISLAND OF MOLOKA'I, HAWAII. OUR TEAM HAS ALSO DEDICATED SIGNIFICANT TIME TO REFINING OUR LENDING PROCESSES TO BETTER SERVE OUR MEMBERS' NEEDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,254,539 | $754,677 | +0.7% |
| Expenses | $628,965 | $676,891 | -0.1% |
| Net Income | $625,574 | $77,786 | +7.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MILLARD OWENS | CO-DIRECTOR | 40.00 |
Officer
|
$150,000 | $13,503 | $163,503 |
| MMAKGANTSI MAFOJANE | CO-DIRECTOR | 40.00 |
Officer
|
$150,000 | $3,462 | $153,462 |
| DENISE ABDUL-RAHMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALISON ANDREWS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| AMY BETTLE | BOARD CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| GOPAL DAYANENI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY DENHERDER-THOMAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CRYSTAL HUANG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM JOHNSON | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH MCNEIL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELA MILES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,254,539 | $628,965 | $1,579,408 | $625,574 |
| 2022 | $754,677 | $676,891 | $934,788 | $77,786 |
| 2021 | $260,050 | $257,077 | $829,839 | $2,973 |
| 2020 | $827,866 | $73,564 | $904,759 | $754,302 |
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