CARPET AMERICA RECOVERY EFFORT INC (EIN 020639766) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MELANIE RADTKE

Phone

7064282130

Tax Period

2024-01-01 to 2024-12-31

CARPET AMERICA RECOVERY EFFORT INC, founded in 2002, is a community nonprofit in the Environment sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 106% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF CARE IS TO ADVANCE MARKET-BASED SOLUTIONS THAT INCREASE LANDFILL DIVERSION AND RECYCLING OF POST-CONSUMER CARPET, ENCOURAGE DESIGN FOR RECYCLABILITY AND MEET MEANINGFUL GOALS AS APPROVED BY THE CARE BOARD OF DIRECTORS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,161,999

Program Service Revenue $1,169,718

Investment Income $357

Other Revenue $6,000

TOTAL REVENUE $3,338,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,246,729

Fundraising Expenses $0

Program Expenses $3,158,124

Other Expenses $2,184,337

TOTAL EXPENSES $3,431,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,338,074	$1,621,017	+1.1%
Expenses	$3,431,066	$1,757,097	+1.0%
Net Income	$-92,992	$-136,080	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$453,536

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD GREITZER	TREASURER	4.00	Officer Director	$0	$0	$0
CHAD CHAFFIN	SECRETARY	4.00	Officer Director	$0	$0	$0
ERIC BOENDER	DIRECTOR	2.00	Director	$0	$0	$0
KASEY WAKEFIELD	DIRECTOR	2.00	Director	$0	$0	$0
RANAE ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN MCGILL	VICE CHAIR	4.00	Officer Director	$0	$0	$0
ALLYSON BARBIER	DIRECTOR	2.00	Director	$0	$0	$0
RUSS DELOZIER	DIRECTOR	2.00	Director	$0	$0	$0
GEOFF GORDON	DIRECTOR	2.00	Director	$0	$0	$0
SANDY EPPARD	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL PALOPOLI	DIRECTOR	2.00	Director	$0	$0	$0
ABBY REINHARD	DIRECTOR	2.00	Director	$0	$0	$0
SHANE TOTTEN	DIRECTOR	2.00	Director	$0	$0	$0
TROY VIRGO	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY YOUNG	CHAIR	4.00	Officer Director	$0	$0	$0
MIKHAIL DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
KENNEDY FRIERSON	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MACMECCAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT PEOPLES	EXECUTIVE DIRECTOR	60.00	Key Emp	$426,798	$26,738	$453,536
ELIZABETH MEKIS	HCE	40.00	Highest	$147,563	$14,689	$162,252
ROBERT THIESS	HCE	40.00	Highest	$147,152	$13,285	$160,437

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
2024	$3,338,074	$3,431,066	$503,292	$-92,992
2023	$1,621,017	$1,757,097	$509,784	$-136,080
2022	$1,393,528	$1,454,161	$746,940	$-60,633
2021	$2,851,566	$1,499,906	$734,036	$1,351,660
2020	$1,597,338	$2,659,052	$550,992	$-1,061,714
2019	$1,306,037	$1,455,226	$410,671	$-149,189
2018	$1,158,986	$1,334,131	$568,402	$-175,145

CARPET AMERICA RECOVERY EFFORT INC