PLANET AID INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

JAMES R DUCKWORTH

Phone

5088930644

Tax Period

2024-01-01 to 2024-12-31

PLANET AID INC, founded in 1997, is a mid-sized nonprofit in the International Affairs sector that reported $37.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

PROTECT THE ENVIRONMENT, REDUCE WASTE, AND INCREASE THE EFFICIENT USE OF VITAL RESOURCES. STRENGTHEN AND ORGANIZE COMMUNITIES, REDUCE POVERTY AND PROMOTE SMALL ENTERPRISE DEVELOPMENT, SUPPORT SUSTAINABLE LOCAL FOOD PRODUCTION, IMPROVE ACCESS TO TRAINING AND QUALITY EDUCATION, INCREASE HEALTH AWARENESS AND ENCOURAGE HEALTHY LIFESTYLES, FOSTER DIRECT COOPERATION AND UNDERSTANDING AMONG PEOPLE ACROSS THE PLANET AND HELP DISADVANTAGED POPULATIONS OF THE WORLD CREATE LASTING POSITIVE CHANGE.

Program Service Accomplishments

Program 1

Expenses: $2,359,030

INTERNATIONAL AID: IN 2024, PLANET AID CONTINUED WITH ITS SUPPORT TO ORGANIZATIONS AND COMMUNITIES IN AFRICA, ASIA, AND LATIN AMERICA.

Program 2

Expenses: $27,686,131

U.S. CLOTHING COLLECTION AND HABITAT PROTECTION: PLANET AID COLLECTED AND PROCESSED 33,000 TONS OF USED CLOTHES, SHOES AND TEXTILE IN STATES FROM MAINE TO MISSOURI. COLLECTING UNWANTED CLOTHES SAVES LANDFILL SPACE AND REDUCES PRODUCTION OF METHANE. REUSING ALREADY MANUFACTURED CLOTHING AND OTHER TEXTILES SAVES MILLIONS OF GALLONS OF WATER AND REDUCES THE USE OF FERTILIZER AND PESTICIDES (IN COTTON PRODUCTION).

Program 3

Expenses: $486,956 Revenue: $281,271

DOMESTIC CHARITABLE ACTIVITIES: THE ORGANIZATION SUPPORTS VARIOUS CHARITABLE ACTIVITIES IN THE UNITED STATES THROUGH PAYMENTS TO A NUMBER OF SCHOOLS AND OTHER NONPROFITS.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $37,100,973

Program Service Revenue $0

Investment Income $-151,567

Other Revenue $348,769

TOTAL REVENUE $37,298,175

Expense Breakdown

Grants Paid $2,683,273

Salaries & Benefits $18,311,120

Fundraising Expenses $3,336,674

Program Expenses $30,532,117

Other Expenses $17,988,451

TOTAL EXPENSES $38,982,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,298,175	$42,862,586	-0.1%
Expenses	$38,982,844	$37,850,608	+0.0%
Net Income	$-1,684,669	$5,011,978	-1.3%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

392

Volunteers

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

$480,830

Total Directors

$168,069

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED OLSSON	PRESIDENT, CEO, DIRECTOR	40.00	Officer Director	$155,491	$12,578	$168,069
MIKAEL NORLING	CHAIRMAN	4.00	Officer Director	$0	$0	$0
EVA NIELSEN	TREASURER	1.00	Officer Director	$0	$0	$0
JYTTE MARTINUSSEN	DIRECTOR (UNTIL 7/24)	1.00	Director	$0	$0	$0
FERNANDO BINHAFA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MORAN	DIRECTOR	1.00	Director	$0	$0	$0
SAM ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY NUGENT	DIRECTOR (AS OF 12/24)	1.00	Director	$0	$0	$0
JAMES R DUCKWORTH	CFO	40.00	Officer	$186,053	$31,071	$217,124
DINORAH VENCES ALVAREZ	CLERK, CORP. HR MANAGER	40.00	Officer	$80,066	$15,571	$95,637
MARIE LICHTENBERG	DIRECTOR OF PARTNERSHIP	40.00	Highest	$146,274	$10,956	$157,230
WAYNE MICHAUD	OPERATIONS MANAGER III	40.00	Highest	$144,690	$21,301	$165,991
ULRIKE STOSCH	CHIEF OFF. OF STRATEGIC DEVT.	40.00	Highest	$137,852	$10,585	$148,437
SUZANNE MABASO	SENIOR PARTNERSHIP REPRESENTATIVE	40.00	Highest	$127,678	$15,274	$142,952
TIMOTHY FRISCH	REGIONAL OPERATIONS MGR.	40.00	Highest	$114,337	$26,563	$140,900

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	$37,298,175	$38,982,844	$26,659,985	$-1,684,669
2023	$42,862,586	$37,850,608	$26,961,761	$5,011,978
2022	$35,666,408	$35,064,075	$22,637,463	$602,333
2021	$29,818,126	$28,331,287	$17,464,781	$1,486,839
2020	$29,681,253	$28,868,951	$14,847,428	$812,302
2019	$40,334,612	$42,014,677	$16,446,342	$-1,680,065
2018	$41,503,177	$41,786,426	$18,468,502	$-283,249