ENERGY TRUST OF OREGON INC

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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

2002

Legal Domicile

Principal Officer

MICHAEL COLGROVE

Phone

5034938888

Tax Period

2024-01-01 to 2024-12-31

ENERGY TRUST OF OREGON INC, founded in 2002, is a major nonprofit in the Environment sector that reported $251.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $288.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $251,640,292

EFFICIENCY PROGRAMS BRING ENERGY SAVINGS OPPORTUNITIES TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS THROUGHOUT OREGON, AND TO RESIDENTIAL AND COMMERCIAL CUSTOMERS IN PARTS OF SW WASHINGTON...

EFFICIENCY PROGRAMS BRING ENERGY SAVINGS OPPORTUNITIES TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS THROUGHOUT OREGON, AND TO RESIDENTIAL AND COMMERCIAL CUSTOMERS IN PARTS OF SW WASHINGTON STATE. IN 2024, ELECTRIC EFFICIENCY PROJECTS SAVED 59.6 AMW OF ELECTRICITY. GAS EFFICIENCY PROJECTS COMPLETED IN 2024 SAVED 7.2 MILLION ANNUAL THERMS OF NATURAL GAS.

Program 2

Expenses: $20,187,441

RENEWABLES PROGRAMS BRING ENERGY GENERATION OPPORTUNITIES TO RESIDENTIAL AND BUSINESS CUSTOMERS THROUGHOUT OREGON. IN 2024, RENEWABLE ENERGY PROJECTS ACHIEVED 5.4 AMW IN NEW GENERATION.

Program 3

Expenses: $1,862,366

LMI, COMMUNITY SOLAR, PGE SMART BATTERY, SALMON, FEMA-CERG, PGE SMART INVERTER, ODOE COOLING, PGE FLEX FEEDER, PCEF SOLAR FOR ALL, ODOE CHP-IVCANDO, ODOE CHP-NWU.

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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 $246,509,373

Program Service Revenue $0

Investment Income $4,723,253

Other Revenue $10,496

TOTAL REVENUE $251,243,122

Expense Breakdown

Grants Paid $317,808

Salaries & Benefits $25,550,846

Fundraising Expenses $0

Program Expenses $273,690,099

Other Expenses $262,982,890

TOTAL EXPENSES $288,851,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,243,122	$222,712,591	+0.1%
Expenses	$288,851,544	$225,377,458	+0.3%
Net Income	$-37,608,422	$-2,664,867	+13.1%

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

201

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

$562,304

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COLGROVE	EXECUTIVE DIRECTOR	40.00	Officer	$282,859	$37,067	$319,926
SCOTT CLARK	IT DIRECTOR	40.00	Highest	$235,770	$34,287	$270,057
DEBORAH MENASHE	GENERAL COUNCIL	40.00	Highest	$230,820	$14,529	$245,349
TRACY SCOTT	ENERGY PROGRAMS DIRECTOR	40.00	Highest	$214,758	$13,691	$228,449
AMBER COLE	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$211,379	$43,043	$254,422
CHRISTOPHER DUNNING	CHIEF FINANCIAL OFFICER	40.00	Officer	$205,039	$37,339	$242,378
AMANDA SALES	DIRECTOR OF PEOPLE SERVICES	40.00	Highest	$200,459	$36,619	$237,078
HENRY LORENZEN	PRESIDENT	4.38	Officer Director	$0	$0	$0
ROLAND RISSER	VICE PRESIDENT	1.46	Officer Director	$0	$0	$0
SUSAN BRODAHL	TREASURER	0.67	Officer Director	$0	$0	$0
ERIC HAYES	SECRETARY	1.02	Officer Director	$0	$0	$0
ANNE ROOT	BOARD MEMBER	0.84	Director	$0	$0	$0
BILL TOVEY	BOARD MEMBER	1.21	Director	$0	$0	$0
ELLEN ZUCKERMAN	BOARD MEMBER	1.75	Director	$0	$0	$0
ELLSWORTH LANG	BOARD MEMBER	1.08	Director	$0	$0	$0
THELMA FLEMING	BOARD MEMBER	2.23	Director	$0	$0	$0
JANE PETERS	BOARD MEMBER	2.29	Director	$0	$0	$0
MELISSA CRIBBENS	BOARD MEMBER	0.52	Director	$0	$0	$0
PETER THERKELSEN	BOARD MEMBER	2.33	Director	$0	$0	$0
SILVIA TANNER	BOARD MEMBER	2.35	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	$251,243,122	$288,851,544	$95,996,282	$-37,608,422
2023	$222,712,591	$225,377,458	$128,520,504	$-2,664,867
2022	$207,176,744	$182,250,587	$121,881,969	$24,926,157
2021	$194,332,695	$183,711,515	$85,739,278	$10,621,180
2020	$179,219,016	$189,509,240	$81,610,189	$-10,290,224
2019	$187,288,640	$186,038,921	$102,118,120	$1,249,719
2018	$191,662,396	$176,994,342	$96,399,162	$14,668,054