SOLAR ENERGY MANUFACTURERS FOR AMERICA COALITION

EIN: 921011338 Environment

WASHINGTON, DC

Total Revenue
$298,500
Total Expenses
$448,572
Total Assets
$78,485
Net Assets
$78,485
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
MICHAEL CARR
Phone
2025520221
Tax Period
2023-10-01 to 2024-09-30

SOLAR ENERGY MANUFACTURERS FOR AMERICA COALITION, founded in 2022, is a small nonprofit in the Environment sector that reported $298K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $449K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROMOTE AND ADVOCATE FOR THE IMPORTANCE OF REBUILDING THE SOLAR MANUFACTURING SUPPLY CHAIN IN THE U.S.

Program Service Accomplishments

Program 1
Expenses: $404,000

EDUCATING THE PUBLIC AND KEY STAKEHOLDERS ABOUT THE IMPORTANCE OF FEDERAL POLICY TO SUPPORT U.S. SOLAR MANUFACTURING SUCH AS THE ADVANCED MANUFACTURING PRODUCTION INCENTIVES AND DOMESTIC CONTENT...

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EDUCATING THE PUBLIC AND KEY STAKEHOLDERS ABOUT THE IMPORTANCE OF FEDERAL POLICY TO SUPPORT U.S. SOLAR MANUFACTURING SUCH AS THE ADVANCED MANUFACTURING PRODUCTION INCENTIVES AND DOMESTIC CONTENT POLICIES; PROVIDING FEEDBACK TO FEDERAL GOVERNMENT ON VARIOUS POLICY IMPLEMENTATION PRIORITIES AND REGULATORY ACTIONS THAT IMPACT U.S. SOLAR MANUFACTURING; ATTENDING MAJOR INDUSTRY CONFERENCES TO EDUCATE STAKEHOLDERS ON THE IMPORTANCE OF REBUILDING THE SOLAR MANUFACTURING SUPPLY CHAIN.

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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 $298,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $298,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $404,000
Other Expenses $448,572
TOTAL EXPENSES $448,572

Year-over-Year Comparison

2023 2022 Change
Revenue $298,500 $341,500 -0.1%
Expenses $448,572 $112,943 +3.0%
Net Income $-150,072 $228,557 -1.7%
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
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CARR PRESIDENT 20.00
Officer Director
$0 $0 $0
CHRISTINE TURNER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
YOGIN KOTHARI SECRETARY 20.00
Officer 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 $298,500 $448,572 $78,485 $-150,072
2023 $341,500 $112,943 $228,557 $228,557
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