E4 Carolinas Inc
Nonprofit profile at a glance
- EIN
- 455627361
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025
- Location
- Charlotte, NC, USA
- Phone
- 6505212422
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $776,048
- Expenses
- $660,927
- Assets
- $146,676
- Liabilities
- $21,789
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- Kenneth Canavan (President)
- Kenneth Canavan (President)
Highest reported compensation
- Kenneth Canavan (President): $201,250 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
E4 Carolinas is the trade association for Carolina energy companies and organizations. Its mission is to cultivate a collaborative Carolina energy cluster to accelerate economic growth, to efficiently use our resources, and care for our environment, resulting in increased employment, productivity and prosperity.
What it reported doing in 2025
E4 Carolinas provides members fee-based leadership development and basic energy industry training
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 90
- Accountability: 79
- Sustainability: 38
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14.8%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 30.4%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.8% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: -3.3% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 20 of 20 board members independent · 4 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $201K · 22 people listed
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.