RETAIL ENERGY ADVANCEMENT LEAGUE

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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

Principal Officer

CHRISTOPHER ERCOLI

Tax Period

2023-12-01 to 2024-11-30

RETAIL ENERGY ADVANCEMENT LEAGUE, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

THE RETAIL ENERGY ADVANCEMENT LEAGUE REAL IS A NATIONAL ADVOCACY ORGANIZATION DEDICATED TO THE EXPANSION AND MODERNIZATION OF AMERICAN RETAIL ENERGY MARKETS. IN MANY STATES, UTILITY MONOPOLIES STILL CONTROL THE ELECTRIC MARKET AND CUSTOMERS CANNOT CHOOSE WHERE THEY BUY THEIR ELECTRICITY AND GAS.

Program Service Accomplishments

Program 1

Expenses: $2,778,252

OUR ORGANIZATION WAS FOUNDED BY A COALITION OF COMPANIES DEDICATED TO THE EXPANSION AND MODERNIZATION OF AMERICAN RETAIL ENERGY MARKETS. WE BELIEVE SMART REGULATION AND CONSUMER PROTECTIONS ARE THE FOUNDATION FOR A HEALTHY MARKET WHERE STATES CAN CAPITALIZE ON THE INNOVATIONS AND CUSTOMER DEMAND DRIVING OUR TRANSITION TO A CLEAN ENERGY ECONOMY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,117,953

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,117,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,094,203

Fundraising Expenses $0

Program Expenses $2,778,252

Other Expenses $2,043,122

TOTAL EXPENSES $3,137,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,117,953	$2,306,156	+0.4%
Expenses	$3,137,325	$2,117,240	+0.5%
Net Income	$-19,372	$188,916	-1.1%

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

N/A

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
MICHAEL SULLIVAN	CHAIRPERSON	001.00	Officer Director	$0	$0	$0
SCOTT HUDSON	VICE CHAIRPERSON	001.00	Officer Director	$0	$0	$0
JENNIFER SPINOSI	VICE PRESIDENT	040.00	Officer Director	$0	$0	$0
JOE OLIKER	SECRETARY	001.00	Officer Director	$0	$0	$0
JOHN HOLTZ	TREASURER	001.00	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	$3,117,953	$3,137,325	$1,354,854	$-19,372