MID-HUDSON ENERGY TRANSITION INC

EIN: 872100911 501(c)(3) Environment

KINGSTON, NY

Total Revenue
$805,852
Total Expenses
$653,225
Total Assets
$935,457
Net Assets
$377,222
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
SIMON STRAUSS
Phone
8453831050
Tax Period
2023-01-01 to 2023-12-31

MID-HUDSON ENERGY TRANSITION INC, founded in 2021, is a small nonprofit in the Environment sector that reported $806K in total revenue in fiscal year 2023. Revenue surged 153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 19% operating margin.

Mission

OUR MISSION IS TO EMPOWER MUNICIPALITIES, RESIDENTS, AND BUSINESSES TO OWN AND SHRE RENEWABLE ENERGY, CREATE HEALTHIER BUILDINGS, AND JOIN IN COMMUNITY WEALTH-BUILDING TO STRENGTHEN THE RESILIENCE OF THE HUDSON VALLEY IN THE FACE OF CLIMATE CHANGE.

Program Service Accomplishments

Program 1
Expenses: $337,012

WE HAVE A NUMBER OF PROGRAM IN PLACE TO ACCOMPLISH OUR MISSION. PROGRAMS INCLUDE: 1) COMMUNITY CHOICE AGGREGATION (CCA); 2) HOME UPGRADE GRANTS (HUG) PROGRAM; AND 3) THE HOME ENERGY LOAN PROGRAM...

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WE HAVE A NUMBER OF PROGRAM IN PLACE TO ACCOMPLISH OUR MISSION. PROGRAMS INCLUDE: 1) COMMUNITY CHOICE AGGREGATION (CCA); 2) HOME UPGRADE GRANTS (HUG) PROGRAM; AND 3) THE HOME ENERGY LOAN PROGRAM (HELP). THE CCA PROGRAM ALLOWS CITIES AND TOWNS TO POOL TOGETHER THE BUYING POWER OF THEIR RESIDENTS AND SMALL BUSINESSES TO PURCHASE CLEANER, AFFORDABLE ELECTRICITY ON THEIR BEHALF. UNDER CCA, THE LOCAL GOVERNMENT CAN SELECT A CLEANER ENERGY SUPPLY MIX THAN WHAT THE UTILITY OFFERS AND THE CUSTOMERS' UTILITY CONTINUES TO DELIVER THAT ENERGY OVER THE EXISTING POWER LINES. THE HUG PROGRAM PROVIDES GRANTS TO ADDRESS HOUSEHOLDS WITH INADEQUATE LIVING CONDITIONS, INCLUDING POOR INDOOR AIR QUALITY, HIGH ENERGY BILLS, AND UNCOMFORTABLE HOMES. THE GRANTS AIM TO ADDRESS BARRIERS TO ACCESSING AVAILABLE INCENTIVES TO IMPROVE ENERGY EFFICIENCY STANDARDS BY PARTNERING WITH LOCAL ORGANIZATIONS, CONTRACTORS, AND HOMEOWNERS TO IMPROVE THEIR HOMES' COMFORT, HEALTH & SAFETY, AND AFFORDABILITY.HELP PROVIDES EXTREMELY LOW-INTEREST LOANS AND SMALL GRANTS TO LOW-INCOME INDIVIDUALS TO FINANCE HEALTHY, ENERGY EFFICIENT, AND CLIMATE RESILIENT HOME IMPROVEMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $763,143
Program Service Revenue $0
Investment Income $42,134
Other Revenue $575
TOTAL REVENUE $805,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $373,724
Fundraising Expenses $44,742
Program Expenses $337,012
Other Expenses $279,501
TOTAL EXPENSES $653,225

Year-over-Year Comparison

2023 2022 Change
Revenue $805,852 $318,118 +1.5%
Expenses $653,225 $94,379 +5.9%
Net Income $152,627 $223,739 -0.3%
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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Governance

Voting Members
5
Independent Members
4
Employees
11
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
4
$0
Total Directors
5
$134,845
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCY CLEVELAND MEMBER 8.00
Director
$0 $0 $0
JOEL HERM SECRETARY 8.00
Officer Director
$0 $0 $0
JASMINE GRAHAM MEMBER 40.00
Director
$121,573 $13,272 $134,845
SAMRAT PATHANIA THRU APRIL MEMBER 8.00
Director
$0 $0 $0
PEGGY GANS THRU APRIL MEMBER 8.00
Director
$0 $0 $0
SUSAN GILLESPIE PRESIDENT 8.00
Officer
$0 $0 $0
SIMON STRAUSS TREASURER 8.00
Officer
$0 $0 $0
DANA HALL THRU NOVEMBER SECRETARY 8.00
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
2024 No data No data No data No data
2023 $805,852 $653,225 $935,457 $152,627
2022 $1,558,118 $94,379 $1,519,241 $1,463,739
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