ULTIMATE RECYCLING CENTER RE USE INDUSTRIES

EIN: 311390024 501(c)(3) Environment

THE PLAINS, OH

Total Revenue
$69,083
Total Expenses
$266,292
Total Assets
$36,762
Net Assets
$-17,414
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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
1993
Legal Domicile
OH
Principal Officer
SHANE JARRETT
Tax Period
2020-01-01 to 2020-12-31

ULTIMATE RECYCLING CENTER RE USE INDUSTRIES, founded in 1993, is a micro nonprofit in the Environment sector that reported $69K in total revenue in fiscal year 2020. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $266K exceeded revenue, resulting in a 285% operating deficit.

Mission

PROVIDING JOBS FOR LOW INCOME WORKERS WHILE PROMOTING WASTE REDUCTION AND RE-USE OF MATERIALS THROUGH EDUCATION AND COMMUNITY OUTREACH.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $21,753
Program Service Revenue $22,330
Investment Income $0
Other Revenue $25,000
TOTAL REVENUE $69,083

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,665
Fundraising Expenses $0
Program Expenses $266,292
Other Expenses $232,627
TOTAL EXPENSES $266,292

Year-over-Year Comparison

2020 2019 Change
Revenue $69,083 $400,858 -0.8%
Expenses $266,292 $454,297 -0.4%
Net Income $-197,209 $-53,439 +2.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
9
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN VADAKIN PRESIDENT 2
Officer Director
$0 $0 $0
SHANE JARRETT TREASURER 2
Officer Director
$0 $0 $0
D DESCUTNER SECRETARY 2
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
2020 $69,083 $266,292 $36,762 $-197,209
2019 $400,858 $454,297 $401,925 $-53,439
2018 $433,816 $398,920 $285,726 $34,896
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