US Industrial Pellet Association (EIN 275484284) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Tax Period

2023-01-01 to 2023-12-31

US INDUSTRIAL PELLET ASSOCIATION, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO BUILD AWARENESS OF THE POSITIVE ATTRIBUTES OF INDUSTRIAL WOOD PELLETS AS A BIOMASS FUEL THROUGH SEMINARS, FORUMS, EDUCATIONAL PUBLICATIONS AND OTHER MEANS TO PROMOTE, EDUCATE AND PROVIDE INFORMATION TO THE GENERAL PUBLIC IN ALL AREAS OR INDUSTRIES ON THE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,254,500

Program Service Revenue $496,515

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,751,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $713,456

Fundraising Expenses $0

Program Expenses $485,977

Other Expenses $462,878

TOTAL EXPENSES $1,176,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,751,015	$2,687,838	+0.0%
Expenses	$1,176,334	$2,424,442	-0.5%
Net Income	$1,574,681	$263,396	+5.0%

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

N/A

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD ARNOLD	Director	1.00	Director	$0	$0	$0
THOMAS METH	Chairman	1.00	Director	$0	$0	$0
RAUL KIRJANEN	Director	1.00	Director	$0	$0	$0
MATT WHITE	Treasurer	1.00	Director	$0	$0	$0
TOM REILLEY	Chairman	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
2024	No data	No data	No data	No data
2023	$2,751,015	$1,176,334	No data	$1,574,681
2022	$2,687,838	$2,424,442	$263,396	$263,396
2021	$2,382,107	$2,258,945	$320,895	$123,162
2020	$1,928,931	$1,909,119	$197,733	$19,812
2019	$1,620,490	$1,719,270	$177,921	$-98,780
2018	$1,172,987	$1,475,888	$276,701	$-302,901

US Industrial Pellet Association