Electrify Dc

Nonprofit profile at a glance

EIN
923933459
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2024060007
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$456,187
Expenses
$410,125
Assets
$100,915
Liabilities
$32,287

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • VANESSA BERTELLI (PRESIDENT/EX)

Highest reported compensation

  • VANESSA BERTELLI (PRESIDENT/EX): $54,375 total reported compensation
  • NATASHA SHIELDS (SECRETARY): $12,425 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Electrify dc envisions a metropolitan Washington dc region where businesses, homeowners, and renters work together to transform all homes into tools to combat climate change, enhance resident health and comfort, and create well-paying jobs for the future. Electrify dc's holistic approach focuses on delivering an ecosystem of interconnected programs to simplify, reduce the cost, and accelerate decarbonizing homes: providing community education and awareness through events and case study demonstrations; convening multi-sector program coordination; strengthening the capacity of real estate professionals to assist homeowners and renters; supporting the growth and skills development of home contractors and renovation professionals; and assessing community energy needs and electrification technology opportunities.

What it reported doing in 2024

Electrify dc developed and is growing its delivery of its ecosystem of interconnected programs to make it easier, faster and more affordable to decarbonize all homes: the inaugural healthy homes fair drew over 1000 homeowners, renters and home renovation professionals to learn about the technologies, products, services, and incentives available to decarbonize homes; the demonstration sites program showcases best practice home electrification in homes throughout the community; the residential electrification implementation working group (reiwg) convenes 58 members of local governments, businesses, and professional associations to facilitate regional program coordination, strengthen contractor networks, and enhance the impact of electrification efforts; the real estate agents leading electrification (reale) program equips real estate professionals to advance home electrification in over 10,000 homes transacted each year. Additionally, electrify dc delivered on a 350,000 study analysing the capacity of the electrical grid to support the addition of distributed energy resources for the district department of energy and environment, and is currently working on an extension to that grant.

Operating model

Revenue model
Grant-funded. 77% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 90
  • Accountability: 68
  • Sustainability: 37
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.4%; rating input score 87
  • Program expense ratio: 97.3%; rating input score 97
  • Fundraising efficiency: $240.1 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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; 63rd percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.1%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 16.3%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 195.9% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 176.8% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: -114.7% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 87.4% of revenue deployed · 97.3% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $399K in reported program spending
  • Leadership: top reported pay $54K · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 6 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.