Code REDD

EIN: 460888828 501(c)(3) Environment

Mill Valley, CA

Total Revenue
$641,636
Total Expenses
$331,630
Total Assets
$119,514
Net Assets
$-392,964
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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
CA
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

Program Service Accomplishments

Program 1
Expenses: $231,340

BUSINESS AND PROJECT PARTNER ENGAGEMENT: We continue to engage with businesses to build support for avoided deforestation projects. The focus being on technical consultancy on independent standards...

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BUSINESS AND PROJECT PARTNER ENGAGEMENT: We continue to engage with businesses to build support for avoided deforestation projects. The focus being on technical consultancy on independent standards and verification for avoided deforestation, as well as details of comparative benefits with other climate mitigation projects. In turn, we continued to support our project partners with information about the latest trends in business support for nature-based climate solutions. A central program of the organization is its interactive website, which was redesigned and upgraded, that resulted in better user metrics.

Program 2

PUBLIC ENGAGEMENT : We continued to develop our online platform standfortrees.org, and supporting social media, to engage and empower individuals on deforestation and climate change. A central...

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PUBLIC ENGAGEMENT : We continued to develop our online platform standfortrees.org, and supporting social media, to engage and empower individuals on deforestation and climate change. A central program of the organization is the interactive website, which was redesigned and upgraded, that resulted in better user metrics.

Program 3

POLICY RESEARCH: We continued to engage with policymakers and other environmental groups, about best practices for avoided deforestation projects. These activities were limited and reduced in 2022.

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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%)

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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

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Governance

Voting Members
4
Independent Members
N/A
Employees
1
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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