EARTHWORM INC (EIN 237435490) - 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

1974

Legal Domicile

Principal Officer

JEFFREY COYNE

Phone

6176281844

Tax Period

2023-01-01 to 2023-12-31

EARTHWORM INC, founded in 1974, is a small nonprofit in the Environment sector that reported $629K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 17% operating margin.

Mission

EARTHWORMS MISSION IS TO PROMOTE RECYCLING IN THE WORKPLACE. WE ACCOMPLISH THIS BY PROVIDING A COLLECTION SERVICE THAT IS EASY FOR FIRST TIME RECYCLERS TO IMPLEMENT. ALSO, BY REDUCING BARRIERS TO RECYCLING THROUGH FRIENDLY ASSISTANCE, FLEXIBLE PROGRAMS AND AFFORDABILITY, EARTHWORM ENABLES SMALL BUSINESSES AND OTHERS WHO ARE UNDERSERVED BY THE PRIVATE SECTOR TO ESTABLISH OFFICE RECYCLING PROGRAMS. EARTHWORM ALSO RECOGNIZES THAT THERE ARE MANY OTHER LOCAL GROUPS WHO ARE WORKING TOWARD SIMILAR GOALS OF CONSERVING NATURAL RESOURCES. EARTHWORM FURTHER PROMOTES RECYCLING THROUGH COLLABORATION, MENTORING AND DIRECT SUPPORT TO THESE GROUPS.

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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 $1

Program Service Revenue $626,363

Investment Income $2,939

Other Revenue $0

TOTAL REVENUE $629,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,044

Fundraising Expenses $0

Program Expenses $433,946

Other Expenses $239,995

TOTAL EXPENSES $521,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$629,303	$465,563	+0.4%
Expenses	$521,039	$508,120	+0.0%
Net Income	$108,264	$-42,557	-3.5%

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

$79,527

Total Directors

$42,127

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY COYNE	PRESIDENT	40.00	Officer	$73,215	$6,312	$79,527
LAURA OLIVIER	DIRECTOR	2.00	Director	$40,776	$1,351	$42,127
MATTHEW DEMARRAIS	DIRECTOR	2.00	Director	$0	$0	$0
HERB FULLER	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN INGENTHRON	DIRECTOR	2.00	Director	$0	$0	$0
DEVIN MCGUIRE	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN MCLUCAS	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MINDELL	DIRECTOR	2.00	Director	$0	$0	$0
ADAM MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
SEAN PONTANI	TREASURER	5.00	Officer Director	$0	$0	$0
ROBERT TOCCHIO	DIRECTOR	2.00	Director	$0	$0	$0
GEORGANNA WOODS	CLERK	5.00	Officer Director	$0	$0	$0
PENNY YUNUBA	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$629,303	$521,039	$504,504	$108,264
2022	$465,563	$508,120	$474,470	$-42,557
2021	$439,317	$477,646	$387,623	$-38,329
2020	$408,903	$443,238	$402,877	$-34,335
2020	$465,420	$482,718	$402,877	$-17,298
2019	$603,626	$603,132	$454,820	$494
2018	$580,687	$564,217	$437,782	$16,470
2017	$498,564	$544,417	$426,593	$-45,853

EARTHWORM INC