Commercial and Industrial Flexible Film Recycling Organization

EIN: 333752295 501(c)(3) Environment

Shakopee, MN

Total Revenue
$765,980
Total Expenses
$722,025
Total Assets
$661,762
Net Assets
$43,955
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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
2025
Legal Domicile
DC
Principal Officer
Kelsey Pigneri
Phone
8482473324
Tax Period
2025-03-04 to 2025-12-31

Commercial and Industrial Flexible Film Recycling Organization, founded in 2025, is a small nonprofit in the Environment sector that reported $766K in total revenue in fiscal year 2025. Expenses of $722K left a modest 6% surplus.

Mission

To create and manage a statewide system that helps Minnesotans recycle boat wrap responsibly by providing public education, and free collection, hauling, and recycling of recycle-ready plastic boat wrap.

Program Service Accomplishments

Program 1
Expenses: $426,723 Revenue: $765,980

CIFFRO helps Minnesotans understand how to recycle boat wrap and access no-cost recycling services. Through the Wrap Recycle Right (WRR) program, CIFFRO provides free collection, hauling, and...

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CIFFRO helps Minnesotans understand how to recycle boat wrap and access no-cost recycling services. Through the Wrap Recycle Right (WRR) program, CIFFRO provides free collection, hauling, and recycling of recycle-ready boat wrap plastic film. CIFFRO works with producers, marinas, storage facilities, recyclers, and communities to support statewide participation and provide guidance on preparing and recycling "recycle-ready" boat wrap. These efforts align with Minnesota's Boat Wrap Stewardship Law and advance broader goals of sustainable materials management by increasing awareness, improving recycling behaviors, and ensuring transparent access to program information.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $765,980
Investment Income $0
Other Revenue $0
TOTAL REVENUE $765,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $426,723
Other Expenses $722,025
TOTAL EXPENSES $722,025

Year-over-Year Comparison

2025 2024 Change
Revenue $765,980 N/A N/A
Expenses $722,025 N/A N/A
Net Income $43,955 N/A N/A
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
N/A
Volunteers
4

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
Kelsey Pigneri Chair 1.00
Officer Director
$0 $0 $0
Brandon Lee Treasurer 1.00
Officer Director
$0 $0 $0
Mike Stenberg Secretary 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
2025 $765,980 $722,025 $661,762 $43,955
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