MADISON ENVIRONMENTAL RESOURCING I… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

RANDALL MALMQUIST

Phone

6084175823

Tax Period

2023-04-01 to 2024-03-31

MADISON ENVIRONMENTAL RESOURCING INC, founded in 1985, is a community nonprofit in the Environment sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $5.6M exceeded revenue, resulting in a 169% operating deficit.

Mission

THE MISSION OF MADISON ENVIRONMENTAL RESOURCING, INC. (MERI) IS TO PROVIDE INNOVATIVE ENVIRONMENTALLY SAFE MEDICAL WASTE DISPOSAL SERVICES AT A LOW COST SO OUR CUSTOMERS CAN DEDICATE RESOURCES TO PATIENT CARE.

Program Service Accomplishments

Program 1

Expenses: $5,127,687 Revenue: $1,552,304

MADISON ENVIRONMENTAL RESOURCING, INC. (MERI) PROVIDES COST-EFFECTIVE AND SAFE METHODS FOR THE DISPOSAL OF MEDICAL INFECTIOUS WASTE FROM MEMBER ORGANIZATIONS THAT OPERATE IN THE HEALTH CARE INDUSTRY. IN ADDITION TO REGULATED MEDICAL WASTE DISPOSAL, MERI PROVIDES DISPOSAL AND DESTRUCTION OF LABORATORY WASTE, RED BAG WASTE, PHARMACEUTICAL WASTE, PATHOLOGICAL AND CHEMOTHERAPY WASTE, AND SHARP AND HAZARDOUS WASTE. OPERATION WAS SOLD DURING THE YEAR.

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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 $1,552,304

Investment Income $490,259

Other Revenue $24,177

TOTAL REVENUE $2,066,740

Expense Breakdown

Grants Paid $3,801,460

Salaries & Benefits $743,655

Fundraising Expenses $0

Program Expenses $5,127,687

Other Expenses $1,016,096

TOTAL EXPENSES $5,561,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,066,740	$2,576,768	-0.2%
Expenses	$5,561,211	$2,204,530	+1.5%
Net Income	$-3,494,471	$372,238	-10.4%

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

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

$247,444

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY MALMQUIST	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY GRINNELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY STATZ	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
PATTI HUTTER	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG SOMMERS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
KEITH OLSON	GENERAL MANAGER	40.00	Officer	$134,877	$27,904	$162,781
TRAVIS HELIN	CONTROLLER	40.00	Officer	$77,740	$6,923	$84,663

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	$2,066,740	$5,561,211	No data	$-3,494,471
2023	$2,576,768	$2,204,530	$4,798,344	$372,238
2022	$2,770,158	$2,270,493	$4,401,119	$499,665
2021	$2,695,450	$2,162,120	$3,735,783	$533,330
2020	$2,218,695	$1,946,034	$3,186,568	$272,661
2019	$1,880,430	$1,768,032	$2,802,525	$112,398

MADISON ENVIRONMENTAL RESOURCING INC