NORTH CAROLINA CLEAN ENERGY FUND DBA CLEAN ENERGY FUND OF THE CAROLINAS

EIN: 862644198 501(c)(3) Environment

RALEIGH, NC

Total Revenue
$1,645,749
Total Expenses
$1,479,253
Total Assets
$12,980,908
Net Assets
$2,855,908
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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
2020
Legal Domicile
NC
Principal Officer
JENNIFER WEISS
Phone
5046068148
Tax Period
2024-07-01 to 2025-06-30

NORTH CAROLINA CLEAN ENERGY FUND DBA CLEAN ENERGY FUND OF THE CAROLINAS, founded in 2020, is a community nonprofit in the Environment sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 10% surplus.

Mission

OUR MISSION IS TO ACCELERATE INVESTMENT IN CLEAN AND EFFICIENT ENERGY SOLUTIONS AND INCREASE CLIMATE RESILIENCE IN NORTH AND SOUTH CAROLINA, PARTICULARLY TO THE BENEFIT OF UNDERSERVED POPULATIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,404,864
Program Service Revenue $0
Investment Income $240,885
Other Revenue $0
TOTAL REVENUE $1,645,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $950,212
Fundraising Expenses $8,764
Program Expenses $1,317,937
Other Expenses $529,041
TOTAL EXPENSES $1,479,253

Year-over-Year Comparison

2024 2023 Change
Revenue $1,645,749 $2,448,635 -0.3%
Expenses $1,479,253 $507,413 +1.9%
Net Income $166,496 $1,941,222 -0.9%
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

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Governance

Voting Members
8
Independent Members
8
Employees
10
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
3
$190,937
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIDGET HERRING BOARD MEMBER 1.00
Director
$0 $0 $0
NORA BARGER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
EVERETTE WINSLOW BOARD MEMBER 1.00
Director
$0 $0 $0
MOZINE LOWE BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN CANAL BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS TEETER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID GODSCHALK BOARD MEMBER 1.00
Director
$0 $0 $0
STACEY WASHINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER WEISS CO-DIRECTOR 40.00
Officer
$76,951 $21,700 $98,651
MELISSA MALKIN-WEBER CO-DIRECTOR 40.00
Officer
$72,608 $19,678 $92,286
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 $1,645,749 $1,479,253 $12,980,908 $166,496
2024 $2,448,635 $507,413 $2,758,549 $1,941,222
2023 $679,170 $146,094 $797,145 $533,076
2022 $220,000 $4,236 $219,964 $215,764
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