INTERNATIONAL BIODEGRADABLE PRODUCTS INSTITUTE INC (EIN 134088453) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

RHODES YEPSEN

Phone

8882745646

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL BIODEGRADABLE PRODUCTS INSTITUTE INC, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 11% surplus.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED TO PROVIDE EDUCATION, ADVOCACY, AND CERTIFICATION FOR THE APPROPRIATE END OF LIVES OF MATERIALS AND PRODUCTS THAT ARE DESIGNED TO FULLY BIODEGRADE IN SPECIFIC BIOLOGICALLY ACTIVE ENVIRONMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $658,829

Investment Income $68,712

Other Revenue $2,432,893

TOTAL REVENUE $3,160,434

Expense Breakdown

Grants Paid $40,775

Salaries & Benefits $1,680,714

Fundraising Expenses $0

Program Expenses $599,126

Other Expenses $1,088,961

TOTAL EXPENSES $2,810,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,160,434	$2,571,499	+0.2%
Expenses	$2,810,450	$2,178,294	+0.3%
Net Income	$349,984	$393,205	-0.1%

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

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

$208,525

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANETTE HANNA	DIRECTOR	0.40	Director	$0	$0	$0
RENAUD DES ROSIERS	DIRECTOR	0.40	Director	$0	$0	$0
DEREK ATKINSON	DIRECTOR	0.40	Director	$0	$0	$0
MELISSA TASHJIAN	DIRECTOR	0.40	Director	$0	$0	$0
PAUL DARBY	DIRECTOR	0.40	Director	$0	$0	$0
SRI NARAYAN-SARATHY	DIRECTOR	0.40	Director	$0	$0	$0
KEITH EDWARDS	DIRECTOR	0.40	Director	$0	$0	$0
LYNN DYER	DIRECTOR	0.40	Director	$0	$0	$0
MOUNIR IZALLALEN	DIRECTOR	0.40	Director	$0	$0	$0
SHANNON PINC	DIRECTOR	0.40	Director	$0	$0	$0
WENDELL SIMONSON	DIRECTOR	0.40	Director	$0	$0	$0
PEGGY HOKS	DIRECTOR	0.40	Director	$0	$0	$0
LESLIE RODGERS	DIRECTOR	0.40	Director	$0	$0	$0
RHODES YEPSEN	EXECUTIVE DIRECTOR	40.00	Key Emp	$198,387	$10,138	$208,525
DANIEL BRETON	OPERATIONS DIRECTOR	40.00	Highest	$128,299	$6,321	$134,620
CLIFTON PASSOW	MARKETING DIRECTOR	40.00	Highest	$113,354	$5,788	$119,142
MARGARET A ELDRIDGE	CERTIFICATION DIRECTOR	40.00	Highest	$107,078	$5,505	$112,583

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	No data	No data	No data	No data
2023	$3,160,434	$2,810,450	$3,011,120	$349,984
2022	$2,571,499	$2,178,294	$2,526,820	$393,205
2021	$1,722,263	$1,397,696	$2,177,783	$324,567
2020	$1,484,600	$1,139,402	$1,844,882	$345,198
2019	$1,361,415	$753,055	$1,494,178	$608,360
2018	$1,056,353	$646,491	$887,176	$409,862

INTERNATIONAL BIODEGRADABLE PRODUCTS INSTITUTE INC