CLOSED LOOP FOUNDATION INC

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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

2013

Legal Domicile

Principal Officer

RON GONEN

Phone

9178226476

Tax Period

2022-01-01 to 2022-12-31

CLOSED LOOP FOUNDATION INC, founded in 2013, is a small nonprofit in the Environment sector that reported $400K in total revenue in fiscal year 2022.

Mission

CLOSED LOOP FOUNDATION SUPPORTS RESEARCH AND DEVELOPMENT OF TECHNOLOGIES AND BUSINESS MODELS FOCUSED ON BUILDING THE CIRCULAR ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $250,000 Revenue: $250,000

We are the Managing Partner of the Composting Consortium, a multi-year collaboration across the entire compostable packaging value chain to pilot industry-wide solutions and build a roadmap for...

We are the Managing Partner of the Composting Consortium, a multi-year collaboration across the entire compostable packaging value chain to pilot industry-wide solutions and build a roadmap for investment in technologies and infrastructure that enable the recovery of compostable food packaging and food scraps.

Program 2

Expenses: $150,000 Revenue: $150,000

Advance the access and recovery of food grade polypropylene(PP) across the recycling value chain to support end market demand and to foster more sustainable circular economies of PP in the United...

Advance the access and recovery of food grade polypropylene(PP) across the recycling value chain to support end market demand and to foster more sustainable circular economies of PP in the United States.

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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 (2022)

Revenue Breakdown

Contributions & Grants $400,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $400,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $400,000

Other Expenses $400,901

TOTAL EXPENSES $400,901

Year-over-Year Comparison

	2022	2021	Change
Revenue	$400,000	N/A	N/A
Expenses	$400,901	N/A	N/A
Net Income	$-901	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON GONEN	Executive Dir.	1.00	Officer Director	$0	$0	$0
KYLE WESTAWAY	Director	1.00	Director	$0	$0	$0
BRIDGET CROKE	Secretary	20.00	Officer Director	$0	$0	$0
PAUL MACHT	Director	1.00	Director	$0	$0	$0
ERIK AVNI	Treasurer	1.00	Officer 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
2022	$400,000	$400,901	$455,305	$-901
2020	$752,500	$756,689	$318,302	$-4,189
2019	$350,000	$158,560	$342,491	$191,440
2018	$200,000	$186,176	$140,644	$13,824