THE SOLAR INITIATIVE OF BLOCK ISLAND INC

EIN: 882646033 501(c)(3) Environment

BLOCK ISLAND, RI

Total Revenue
$280,354
Total Expenses
$130,231
Total Assets
$256,579
Net Assets
$219,379
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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
2022
Legal Domicile
RI
Principal Officer
LARS TRODSON
Phone
9788571270
Tax Period
2025-01-01 to 2025-12-31

THE SOLAR INITIATIVE OF BLOCK ISLAND INC, founded in 2022, is a small nonprofit in the Environment sector that reported $280K in total revenue in fiscal year 2025. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $150K, a strong 54% operating margin.

Mission

THE DEVELOPMENT, PROMOTION AND ADVANCEMENT OF RENEWABLE ENERGY SYSTEMS ON BLOCK ISLAND.

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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 (2025)

Revenue Breakdown

Contributions & Grants $270,000
Program Service Revenue $10,354
Investment Income $0
Other Revenue $0
TOTAL REVENUE $280,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,728
Fundraising Expenses $0
Program Expenses $99,052
Other Expenses $97,503
TOTAL EXPENSES $130,231

Year-over-Year Comparison

2025 2024 Change
Revenue $280,354 $559,398 -0.5%
Expenses $130,231 $494,900 -0.7%
Net Income $150,123 $64,498 +1.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
2
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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARS TRODSON PRESIDENT/TREASURER 4.00
Officer Director
$0 $0 $0
THOMAS DURDEN VICE-PRESIDENT 4.00
Officer Director
$0 $0 $0
JOHN SPIER SECRETARY 4.00
Officer Director
$0 $0 $0
SETH DRAPER DIRECTOR 1.00
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
2025 $280,354 $130,231 $256,579 $150,123
2024 No data No data No data No data
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