SIAP SOLAR 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

2024

Legal Domicile

Principal Officer

SEAN FLYNN

Phone

6182040115

Tax Period

2024-04-01 to 2025-03-31

SIAP SOLAR INC, founded in 2024, is a small nonprofit that reported $771K in total revenue in fiscal year 2024. The organization ran a surplus of $585K, a strong 76% operating margin.

Mission

DEVELOP ASSETS TO SUPPLEMENT AND REDUCE ELECTRICITY EXPENSE FOR PARTICIPATING RESIDENTS OF SIAP COMMUNITY ELECTRICITY AGGREGATION PROGRAMS.

Program Service Accomplishments

Program 1

Revenue: $771,205

SIAP SOLAR IS COLLECTING A "MUNICIPAL FEE" FROM THE RATE PRIORITY POWER SECURED 3 YEARS AGO FOR THE MUNICIPALITIES PARTICIPATING IN THE SIAP SOLAR INTERGOVERNMENTAL AGREEMENT. FOR EVERY KWH CONSUMED, $0.001 PER KWH IS COLLECTED FROM PARTICIPATING RESIDENTS AND DISTRIBUTED TO SIAP SOLAR FROM HOMEFIELD ENERGY (THE RETAIL ENERGY SUPPLIER WHO HOLDS THE ENERGY SUPPLY CONTRACT) TO SUPPORT THE PENDING SOLAR INVESTMENT STRATEGY.

Program 2

Expenses: $107,654

THE COSTS OF PROVIDING PROGRAM SERVICES AND OTHER ACTIVITIES HAVE BEEN SUMMARIZED ON A FUNCTIONAL BASIS IN THE STATEMENT OF ACTIVITIES. ACCORDINGLY, CERTAIN COSTS HAVE BEEN ALLOCATED AMONG PROGRAM...

THE COSTS OF PROVIDING PROGRAM SERVICES AND OTHER ACTIVITIES HAVE BEEN SUMMARIZED ON A FUNCTIONAL BASIS IN THE STATEMENT OF ACTIVITIES. ACCORDINGLY, CERTAIN COSTS HAVE BEEN ALLOCATED AMONG PROGRAM SERVICES, ADMINISTRATIVE AND SUPPORT, AND FUNDRAISING SERVICES BENEFITED. SUCH ALLOCATIONS ARE DETERMINED BY MANAGEMENT ON AN EQUITABLE BASIS.

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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 $0

Program Service Revenue $771,205

Investment Income $0

Other Revenue $0

TOTAL REVENUE $771,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,654

Other Expenses $186,362

TOTAL EXPENSES $186,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$771,205	N/A	N/A
Expenses	$186,362	N/A	N/A
Net Income	$584,843	N/A	N/A

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

N/A

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
JEFF HAARMANN	BOARD CHAIR	5.00	Director	$0	$0	$0
CODY MOAKE	BOARD CHAIR	1.00	Officer	$0	$0	$0
JOHN LEWIS	BOARD CHAIR	0.50	Officer	$0	$0	$0
JASON ASHMORE	BOARD CHAIR	0.50	Officer	$0	$0	$0
ANDY KIRCHNER	BOARD CHAIR	0.50	Officer	$0	$0	$0
KYLE GANSAUER	BOARD CHAIR	0.50	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
2025	$771,205	$186,362	$4,045,520	$584,843