Dollar Energy Fund Inc
Nonprofit profile at a glance
- EIN
- 251442933
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Pittsburgh, PA, USA
- Phone
- 4124312800
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Housing Expense Reduction Support
Reported finances
- Revenue
- $41,790,965
- Expenses
- $38,689,963
- Assets
- $35,308,444
- Liabilities
- $5,176,980
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- RONALD GIULIANELLI (PRESIDENT)
- DOUG PAPA (VICE PRESIDENT)
- PAUL ATENCIO (VICE PRESIDENT)
- JOSEPH OTT (PAST PRESIDENT)
- CHAD QUINN (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- CHAD QUINN (CHIEF EXECUTIVE OFFICER): $379,993 total reported compensation
- SEAN SMILES (CHIEF INFORMATION OFFICER): $253,654 total reported compensation
- DAN CAPONI (CHIEF FINANCIAL OFFICER): $245,081 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the quality of life for households experiencing hardships by providing utility assistance and other services that lead to self-sufficiency.
What it reported doing in 2024
Dollar energy fund, inc. Provides utility assistance grants to low-income households in the form of utility company credits or cash grants for electric, gas, water, sewer, and telephone utilities. Dollar energy fund, inc.'s utility assistance program provides utility assistance grants in the exact amount needed to restore service or prevent termination of service and is applied directly to a customer's account. Through connecting utility customers with partneringcommunity-based organizations at application intake, utility customers are also introduced to additional resources that may benefit their households. During fiscal year 2024-2025, dollar energy fund, inc. Provided grants to 81,700 households.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 84
- Accountability: 96
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.8%; rating input score 86
- Program expense ratio: 92.5%; rating input score 92
- Fundraising efficiency: $52.88 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 92.9%; rating input score 93; 25th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.4%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.91; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 85.8% of revenue deployed · 92.5% of spending went to programs
- Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $35.8M in reported program spending
- Leadership: top reported pay $380K · 25 people listed · 2 of 6 pay-setting controls reported
- Consistency: 38 of 38 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.