SOLARAPP FOUNDATION

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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

2021

Legal Domicile

Phone

3039560100

Tax Period

2024-01-01 to 2024-12-31

SOLARAPP FOUNDATION, founded in 2021, is a community nonprofit in the Environment sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 592% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 12% surplus.

Mission

The mission of the Corporation is to advance a clean energy economy and the growth of distributed solar, storage, and other clean energy technologies through the establishment of standards and tools for safe, automated, and instantaneous permitting.

Program Service Accomplishments

Program 1

Expenses: $1,313,660 Revenue: $1,518,839

Advancing clean energy through distributing solar permitting and clean energy technologies.

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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 $0

Program Service Revenue $1,518,650

Investment Income $189

Other Revenue $0

TOTAL REVENUE $1,518,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $643,733

Fundraising Expenses $0

Program Expenses $1,313,660

Other Expenses $695,380

TOTAL EXPENSES $1,339,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,518,839	$219,427	+5.9%
Expenses	$1,339,113	$46,622	+27.7%
Net Income	$179,726	$172,805	+0.0%

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

$179,809

Total Directors

$158,608

Key Employees

$488,929

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Rodriguez	Chief Engineering Officer	40	Officer Key Emp Highest	$179,809	$0	$179,809
Matthew McAllister	CEO, Executive Director	40	Director Key Emp Highest	$158,608	$0	$158,608
Daniel Lopez-Braus	Chief Technology Officer	40	Key Emp	$128,570	$0	$128,570
Brandon Carlson	Director of Support and Code Enforcement	40	Key Emp	$21,942	$0	$21,942
Larry Sherwood	Chair	2	Officer Director	$0	$0	$0
Carla Blackwell	Vice Chair	2	Officer Director	$0	$0	$0
Lauren Nevitt	Secretary	2	Officer Director	$0	$0	$0
Evelyn Butler	Treasurer	2	Officer Director	$0	$0	$0
Arthur Coulston	Emeritus	1	Director	$0	$0	$0
Ben Davis	Director	1	Director	$0	$0	$0
Geoff Simmons	Director	1	Director	$0	$0	$0
Joan O'Neil	Director	1	Director	$0	$0	$0
Matt Markham	Director	1	Director	$0	$0	$0
Nick Gordon	Director	1	Director	$0	$0	$0
Nick Josefowitz	Director	1	Director	$0	$0	$0
Pete Jackson	Director	1	Director	$0	$0	$0
Ted Drago	Director	1	Director	$0	$0	$0
Valeria Anderson	Emeritus	1	Director	$0	$0	$0
Kristin Richmond	Director	1	Director	$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	$1,518,839	$1,339,113	$1,108,073	$179,726
2024	No data	No data	No data	No data
2023	$219,427	$46,622	$172,805	$172,805