Recycling Association of Minnesota

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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

1989

Legal Domicile

Principal Officer

Paul Gardner

Phone

6516414589

Tax Period

2024-01-01 to 2024-12-31

Recycling Association of Minnesota, founded in 1989, is a small nonprofit in the Environment sector that reported $478K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Promote resource conservation through recycling, composting, reuse & waste reduction in Minnesota.

Program Service Accomplishments

Program 1

Expenses: $170,696 Revenue: $256,553

Rain barrel and compost bill sales (RBCB): provide rain barrels and compost bins to residents of Minnesota with some government sponsored subsidies available.

Program 2

Expenses: $142,022 Revenue: $167,390

RAM and partner organization SWANA hosted annual conference. The conference provides members, partners, and other professionals with unique education and networking opportunities. Conference...

RAM and partner organization SWANA hosted annual conference. The conference provides members, partners, and other professionals with unique education and networking opportunities. Conference education topics included organics, solid waste, recycling, best practices, technologies, and innovations.

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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 (2024)

Revenue Breakdown

Contributions & Grants $51,450

Program Service Revenue $423,946

Investment Income $2,402

Other Revenue $0

TOTAL REVENUE $477,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,893

Fundraising Expenses $85

Program Expenses $312,718

Other Expenses $436,973

TOTAL EXPENSES $512,866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,798	$430,777	+0.1%
Expenses	$512,866	$469,671	+0.1%
Net Income	$-35,068	$-38,894	-0.1%

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

$50,724

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lori Nelson	Executive Director	40.00	Officer	$50,724	$0	$50,724
Paul Gardner	Chair	3.00	Officer Director	$0	$0	$0
Jodi Taitt	Vice Chair	3.00	Officer Director	$0	$0	$0
Susan Heffron	Secretary	3.00	Officer Director	$0	$0	$0
Martin Bergstedt	Treasurer	3.00	Officer Director	$0	$0	$0
Kristin Pierskalla	Member-at-large	3.00	Officer Director	$0	$0	$0
Bob Craggs	Director	1.00	Director	$0	$0	$0
John Curry	Director	1.00	Director	$0	$0	$0
Mark Hackbarth	Director	1.00	Director	$0	$0	$0
Stephen Haugh	Director	1.00	Director	$0	$0	$0
Crystal McNally	Director	1.00	Director	$0	$0	$0
Chelsea Moody	Director	1.00	Director	$0	$0	$0
Michael Reed	Director	1.00	Director	$0	$0	$0
Steve Schiefelbein	Director	1.00	Director	$0	$0	$0
Elizabeth Walsh	Director	1.00	Director	$0	$0	$0
Maggie Yauk	Director	1.00	Director	$0	$0	$0
Nicholas Rich-Vetsch	Director	1.00	Director	$0	$0	$0
Lewis Segl	Director	1.00	Director	$0	$0	$0
Marcus Thompson	Director	1.00	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	No data	No data	No data	No data
2024	$477,798	$512,866	$54,987	$-35,068
2023	$430,777	$469,671	$92,834	$-38,894
2022	$372,324	$396,587	$89,415	$-24,263
2021	$260,004	$303,695	$116,244	$-43,691
2020	$335,199	$361,947	$156,828	$-26,748
2019	$314,121	$343,699	$184,037	$-29,578
2018	$599,848	$532,846	$235,944	$67,002