ECO PLASTIC PRODUCTS OF DELAWARE INC (EIN 474155146) - 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

2015

Legal Domicile

Principal Officer

CHARLES FALLETTA

Phone

3056555606

Tax Period

2024-01-01 to 2024-12-31

ECO PLASTIC PRODUCTS OF DELAWARE INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $293K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $344K exceeded revenue, resulting in a 17% operating deficit.

Mission

ECO PLASTIC PRODUCTS OF DELAWARE IS A NON-PROFIT ORGANIZATION WHICH COLLECTS DISCARDED PLASTIC AND CONVERTS IT INTO USABLE PRODUCTS WHICH WE GIVE TO OTHER CHARITABLE ORGANIZATIONS OR SELL ON THE OPEN MARKET. ANY PROFIT FROM SALES IS ALSO USED FOR CHARITABLE PURPOSES.

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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 $163,145

Program Service Revenue $126,938

Investment Income $1

Other Revenue $2,598

TOTAL REVENUE $292,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,857

Fundraising Expenses $0

Program Expenses $343,650

Other Expenses $178,793

TOTAL EXPENSES $343,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,682	$350,828	-0.2%
Expenses	$343,650	$279,748	+0.2%
Net Income	$-50,968	$71,080	-1.7%

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

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
CHARLES FALLETTA	PRESIDENT	40.00	Officer Director	$0	$0	$0
MARVA FALLETTA	SECRETARY	5.00	Director	$0	$0	$0
ROB GOLDBERG	LAWYER	2.00	Director	$0	$0	$0
IAN MCLARTHY	SAFETY	2.00	Director	$0	$0	$0
JOHN WIK	TREASURER	5.00	Director	$0	$0	$0
CHERYL CAREY	EXECUTIVE DI	40.00	Officer	$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
2024	$292,682	$343,650	$128,881	$-50,968
2023	No data	No data	No data	No data
2022	$226,276	$292,799	$95,492	$-66,523
2021	$385,328	$287,462	$163,494	$97,866

ECO PLASTIC PRODUCTS OF DELAWARE INC