Code REDD (EIN 460888828) - 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

2012

Legal Domicile

Principal Officer

MIKE KORCHINSKY

Phone

4153328081

Tax Period

2023-01-01 to 2023-12-31

Code REDD, founded in 2012, is a small nonprofit in the Environment sector that reported $642K in total revenue in fiscal year 2023. Revenue surged 620% from the prior year, signaling strong growth momentum. The organization ran a surplus of $310K, a strong 48% operating margin.

Mission

TO SUPPORT AND SCALE THE REDD+ MECHANISM TO REALIZE ITS FULL POTENTIAL TO EMPOWER PEOPLE, PRESERVE FORESTS, PROTECT WILDLIFE, AND REDUCE EMISSIONS.

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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 $622,851

Program Service Revenue $0

Investment Income $0

Other Revenue $18,785

TOTAL REVENUE $641,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,141

Fundraising Expenses $3,905

Program Expenses $231,340

Other Expenses $241,489

TOTAL EXPENSES $331,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$641,636	$89,146	+6.2%
Expenses	$331,630	$183,786	+0.8%
Net Income	$310,006	$-94,640	-4.3%

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

N/A

Employees

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
MIKE KORCHINSKY	President	1.00	Director	$0	$0	$0
MICHAEL R RADOMIR	Trustee	1.00	Director	$0	$0	$0
BRIAN MCFARLAND	Trustee	1.00	Director	$0	$0	$0
LISA WALKER	Trustee	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
2023	$641,636	$331,630	$119,514	$310,006
2022	$89,146	$183,786	$100,483	$-94,640
2021	$882,262	$309,378	$141,439	$572,884
2020	$312,113	$385,819	$120,435	$-73,706
2019	$1,062,950	$353,189	$42,346	$709,761
2018	$270,678	$276,607	$234,292	$-5,929

Code REDD