SECONDARY MATERIALS AND RECYCLED TEXTILES (EIN 361728770) - 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

1993

Legal Domicile

Principal Officer

SUSAN DECOURCEY

Phone

3019538200

Tax Period

2023-01-01 to 2023-12-31

SECONDARY MATERIALS AND RECYCLED TEXTILES, founded in 1993, is a small nonprofit that reported $783K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $680K left a modest 13% surplus.

Mission

EDUCATION OF MEMBERSHIP AND PROMOTION OF INDUSTRY.

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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 $0

Program Service Revenue $770,797

Investment Income $11,731

Other Revenue $0

TOTAL REVENUE $782,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $679,614

TOTAL EXPENSES $679,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$782,528	$476,108	+0.6%
Expenses	$679,614	$466,411	+0.5%
Net Income	$102,914	$9,697	+9.6%

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

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
STEVE REES	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN LONDON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DREW WEINBERG	TREASURER	5.00	Officer Director	$0	$0	$0
TONY SHUMPERT	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GINA BUTY	DIRECTOR	1.00	Director	$0	$0	$0
HELENE CARTER	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD KALFUS	DIRECTOR	1.00	Director	$0	$0	$0
RICK WOLF	DIRECTOR	1.00	Director	$0	$0	$0
MUNIR HUSSAIN	DIRECTOR	1.00	Director	$0	$0	$0
USMAN KAPPAYA	DIRECTOR	1.00	Director	$0	$0	$0
MARISA ADLER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RUBIN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DECOURCEY	EXECUTIVE DIRECTOR	20.00	Officer	$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	$782,528	$679,614	$1,023,631	$102,914
2022	$476,108	$466,411	$957,723	$9,697
2021	$351,739	$330,868	$939,357	$20,871
2020	$364,793	$360,121	$889,368	$4,672
2019	$488,158	$464,551	$868,307	$23,607
2018	$521,656	$438,180	$728,396	$83,476

SECONDARY MATERIALS AND RECYCLED TEXTILES