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Wisconsin · Nonprofit

SLIPSTREAM GROUP INC

SLIPSTREAM GROUP INC (Wisconsin) receives grants from 10 organizations whose IRS filings report $1,174,190 to it, the largest being The McKnight Foundation ($375,000). 1 of them have funded it in more than one year.

Revenue FY2024
$41M
Funders on record
10
Grants received
$1.2M
Net assets
$12M
1/10 repeat funderspeak grant-dependency 1%
01What it does

What Slipstream Group Inc does

Mission

Accelerating climate solutions for everyone. Slipstream focuses on energy efficiency in the built environment. We are focused on increasing the speed and scale of climate mitigation and resilience in the built environment for all communities. Slipstream measures our mission impact in greenhouse gas reductions, energy savings, innovation, and health.

As stated on its FY2024 Form 990.

Programs

  1. Efficiency at scale: we implement pilot and full-scale energy efficiency programs for utilities and governments. We specialize in programs that address underserved customers, like improving the energy efficiency of manufactured housing. Our expertise includes innovative commercial and affordable housing new construction programs, the next generation of commercial lighting solutions, residential lighting programs as well as other commercial and residential programs that focus on lasting changes to energy consumption. We have a growing focus on electrification technologies, including electric vehicles.

    $27,388,676 spent$31,244,615 earned by the program
    75% of program spending
  2. Financing for a low-carbon future: slipstream provides financing programs to enable government and utility customers to complete energy improvements. Our core competencies include property assessed clean energy finance (pace) in the commercial sector, lending programs for home energy retrofits, and innovative financing to make it easier for low-income homeowners to complete energy improvements.

    $3,038,050 spent$4,118,226 earned by the program
    8% of program spending
  3. Emerging technologies and human factors: our research focuses on the discovery and testing of technology that drives down carbon emissions due to buildings. The research ranges from field testing of the energy performance of new technologies to pioneering approaches to grid-interactives efficient buildings. We study market conditions around electrification and other low-carbon technologies and test better ways to reach markets where traditional energy efficiency programs have performed poorly. Lastly, we study the link between clean energy and health, with a focus on affordable housing and low-income weatherization.

    $3,031,271 spent$1,945,277 earned by the program
    8% of program spending
  4. Education and training: as part of our mission to scale solutions, we provide educational programming around clean energy technologies and equity in energy to over 10,000 energy professionals annually.

    $2,902,854 spent$3,240,268 earned by the program
    8% of program spending

The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $36,360,851.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($38M) Expenses 100 ($38M) Net assets 100 ($10M)2018 Revenue 89 ($33M) Expenses 88 ($34M) Net assets 99 ($10M)2019 Revenue 128 ($48M) Expenses 127 ($49M) Net assets 119 ($12M)2020 Revenue 133 ($50M) Expenses 133 ($51M) Net assets 114 ($12M)2021 Revenue 128 ($48M) Expenses 111 ($42M) Net assets 172 ($18M)2022 Revenue 103 ($39M) Expenses 108 ($41M) Net assets 145 ($15M)2023 Revenue 122 ($46M) Expenses 123 ($47M) Net assets 133 ($14M)2024 Revenue 109 ($41M) Expenses 112 ($43M) Net assets 117 ($12M)
'17'18'19'20'21'22'23'24
Revenue (109)Expenses (112)Net assets (117)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $27M to $44M (+63%).

$27M
$27M
$44M
$34M
$36M
$38M
$42M
$32M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 3% · 2020 2% · 2021 13% · 2022 6% · 2023 9% · 2024 13%. Grants only. Government contracts and fees sit inside program revenue.

14% of SLIPSTREAM GROUP INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (87% for the typical peer).

This organization
Typical peer · 360 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 8 reported years ran a deficit.

−$598k
’17
−$138k
’18
−$284k
’19
−$582k
’20
$6.0M
’21
−$2.5M
’22
−$1.4M
’23
−$1.8M
’24
3.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Sandra Hall Henry

President & CEO

As listed on its FY2024 Form 990.

The chief executive listed changed between the FY2019 and FY2020 filings.

'17'18'19'20'21'22'23'24
Listed2118272727262425
Joined·+4+16+6+6+3+2+9
No longer listed·7766448
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $125k → $287k.

2 of 10 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SLIPSTREAM GROUP INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SLIPSTREAM GROUP INC leans on a few funders — its largest provides 32% of grant income and the top three 66%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

47% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SLIPSTREAM GROUP INC.

32%
largest funder
66%
top three
~5
effective funders

Largest funder’s share by year: 2019 60% · 2020 89% · 2021 100% · 2022 77% · 2023 39% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

25% of SLIPSTREAM GROUP INC's funders are still giving 1 year after their first grant; 10% give in more than one year at all.

first grant+1y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

SLIPSTREAM GROUP INC draws 100% of its grant income from funders outside Wisconsin, across 5 states in all.

MN
IL
MI
NY
CA

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Wisconsin out of state home

Funder states come from each funder’s own filing. $108k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SLIPSTREAM GROUP INC's funding base is broadening — from 2 funders to 3 as grant income climbed.

Operating margin−4% · bottom quartile
Months of reserve3.5mo · below the median
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 329 environment nonprofits $10M–$100M, FY2024

Government funding SLIPSTREAM GROUP INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $18.0M on record.

Federal$18.0M
grants $15.6Mcontracts $2.4M
19
20
21
22
23
24
25
26
Top agencies
  • Department of Energy$15.6M
  • Department of Defense$2.4M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like SLIPSTREAM GROUP INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

73% of spending goes to programs.

Program 73%Management 23%Fundraising 4%

Governance

14
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

83%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

WI

Screen this organization

A dated, signed PDF of the compliance screen for SLIPSTREAM GROUP INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SLIPSTREAM GROUP INC?
SLIPSTREAM GROUP INC (Wisconsin) receives grants from 10 organizations whose IRS filings report $1,174,190 to it, the largest being The McKnight Foundation ($375,000). 1 of them have funded it in more than one year.
How many funders does SLIPSTREAM GROUP INC have?
IRS filings report 10 organizations giving $1,174,190 in grants to SLIPSTREAM GROUP INC, 1 of which have funded it in more than one year.
Who is the largest funder of SLIPSTREAM GROUP INC?
The McKnight Foundation is the largest funder on record, with $375,000 in grants. The full list of funders is on this page.
How can an organization like SLIPSTREAM GROUP INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Slipstream Group →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 10 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing