PET RESIN ASSOCIATION

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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

2005

Legal Domicile

Principal Officer

JOHN CULLEN

Phone

2122972100

Tax Period

2023-01-01 to 2023-12-31

PET RESIN ASSOCIATION, founded in 2005, is a small nonprofit that reported $612K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $574K left a modest 6% surplus.

Mission

SEE DESCRIPTION ON 990 PAGE 1, PART 1, LINE 1 AND CONTINUING ON SCHEDULE O

Program Service Accomplishments

Program 1

EDUCATING THE PUBLIC ABOUT THE SAFETY AND USES OF PET RESIN; PROVIDING ACCURATE TECHNICAL AND SCIENTIFIC INFORMATION ABOUT PET RESIN; AND, ENCOURAGING THE RECYCLING AND SUSTAINABLE USE OF PET RESIN BY SERVING AS THE AUTHORITATIVE VOICE ON ISSUES IMPACTING THE INDUSTRY; AND, KEEPING ABREAST OF INDUSTRY ISSUES THAT POTENTIALLY AFFECT THE MEMBERS OF THE ASSOCIATION

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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 $611,900

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $611,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $573,600

TOTAL EXPENSES $573,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$611,900	$393,600	+0.6%
Expenses	$573,600	$357,281	+0.6%
Net Income	$38,300	$36,319	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CULLEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL RYANS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDRE MEYER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0

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
2023	$611,900	$573,600	$95,011	$38,300