THE NEIGHBORHOOD RECYCLING CORPORATION (EIN 412021202) - 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

2001

Legal Domicile

Principal Officer

KATIE DREWS

Phone

6512227678

Tax Period

2024-01-01 to 2024-12-31

THE NEIGHBORHOOD RECYCLING CORPORATION, founded in 2001, is a mid-sized nonprofit in the Environment sector that reported $27.9M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 16% operating margin.

Mission

TO DEMONSTRATE THAT WASTE IS PREVENTABLE, NOT INEVITABLE.

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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 $14,726,709

Program Service Revenue $72,248

Investment Income $21,635

Other Revenue $13,040,183

TOTAL REVENUE $27,860,775

Expense Breakdown

Grants Paid $194,740

Salaries & Benefits $11,694,881

Fundraising Expenses $0

Program Expenses $22,096,693

Other Expenses $11,605,712

TOTAL EXPENSES $23,495,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,860,775	$22,668,344	+0.2%
Expenses	$23,495,333	$22,920,881	+0.0%
Net Income	$4,365,442	$-252,537	-18.3%

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

161

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

$293,250

Total Directors

$419,764

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN HOFFMAN	PAST CO-PRESIDENT/BOARD MEMBER	0.40	Director	$104,005	$22,509	$126,514
TIM BROWNELL	BOARD MEMBER	0.30	Director	$0	$0	$0
CHRIS VANECEK	BOARD MEMBER/TREASURER	0.60	Officer Director	$0	$0	$0
NICOLE BASSETT	BOARD MEMBER/CHAIR	0.80	Officer Director	$0	$0	$0
AMANDA LAGRANGE	VICE CHAIR	0.70	Officer Director	$0	$0	$0
MCKENNA MORRIGAN	BOARD MEMBER	0.40	Director	$0	$0	$0
KATHLEEN DREWS	CO-PRESIDENT/BOARD MEMBER/SECRETARY	40.00	Officer Director	$128,417	$23,749	$152,166
MIRIAM HOLSINGER	CO-PRESIDENT/BOARD MEMBER	40.00	Officer Director	$132,703	$8,381	$141,084
KRISTIN POFFENBERGER	CO VICE PRESIDENT	40.00	Highest	$112,040	$20,951	$132,991
JOSHUA SUTTON-MORSE	FLEET MAINTENANCE TECHNICIAN	40.00	Highest	$164,008	$6,634	$170,642
GERALD BYRNE	DIRECTOR OF MRF OPERATIONS	40.00	Highest	$103,036	$7,906	$110,942
JEREMY EGAN	FLEET MAINTENANCE TECHNICIAN	40.00	Highest	$106,880	$21,755	$128,635
KRIS FONER	CO VICE PRESIDENT	40.00	Highest	$122,410	$11,309	$133,719

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	$27,860,775	$23,495,333	$31,931,040	$4,365,442
2023	$22,668,344	$22,920,881	$21,631,695	$-252,537
2022	$20,241,287	$19,371,609	$18,936,575	$869,678
2021	$20,493,113	$17,150,589	$15,848,812	$3,342,524
2020	$16,283,023	$15,299,431	$14,528,801	$983,592
2019	$13,647,002	$14,342,595	$13,557,372	$-695,593
2018	$13,032,123	$12,982,139	$12,732,466	$49,984

THE NEIGHBORHOOD RECYCLING CORPORATION