Western Pallet Association (EIN 510196331) - 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

1974

Legal Domicile

Principal Officer

Glenn Meeks

Phone

8882612284

Tax Period

2024-07-01 to 2025-06-30

Western Pallet Association, founded in 1974, is a small nonprofit that reported $566K in total revenue in fiscal year 2024. Expenses of $626K exceeded revenue, resulting in a 10% operating deficit.

Mission

To bring together the people of the Western pallet industry to share knowledge that shapes individual decisions, creates innovative ideas, discusses industry issues, and promotes the wooden pallet industry - a sustainable resource.

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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 $0

Program Service Revenue $559,340

Investment Income $0

Other Revenue $7,010

TOTAL REVENUE $566,350

Expense Breakdown

Grants Paid $65,620

Salaries & Benefits $167,738

Fundraising Expenses $0

Other Expenses $392,329

TOTAL EXPENSES $625,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$566,350	$563,482	+0.0%
Expenses	$625,687	$626,202	0.0%
Net Income	$-59,337	$-62,720	-0.1%

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

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

$156,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn Meeks	Executive Dir.	40.00	Officer	$156,000	$0	$156,000
George Eroza	Director	2.00	Officer Director	$0	$0	$0
Tyrone Konecny	President	2.00	Officer Director	$0	$0	$0
Justin Hegstad	Vice President	2.00	Officer Director	$0	$0	$0
Jessica Torres thru Dec 2024	Director	1.00	Director	$0	$0	$0
Sean Maxwell	Director	1.00	Director	$0	$0	$0
Bill Kelly	Director	1.00	Director	$0	$0	$0
Dave Loden	Director	1.00	Director	$0	$0	$0
Chad McConnell	Director	1.00	Director	$0	$0	$0
Kelly DeLacy	Director	1.00	Director	$0	$0	$0
Eric Ander	Director	1.00	Director	$0	$0	$0
Julie DeRoush	Director	1.00	Director	$0	$0	$0
Jobhan Randwaha	Director	1.00	Director	$0	$0	$0
Moses Macias	Director	1.00	Director	$0	$0	$0
Nic Wilson	Treasurer	2.00	Officer Director	$0	$0	$0
Ben Rist	Director	1.00	Director	$0	$0	$0
Magali Melchor	Director	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
2025	$566,350	$625,687	$182,478	$-59,337
2024	$563,482	$626,202	$204,270	$-62,720
2023	$497,167	$477,800	$262,568	$19,367
2022	$365,556	$336,686	$243,851	$28,870
2021	$254,396	$255,132	$216,406	$-736
2020	$279,154	$247,764	$217,417	$31,390
2019	$264,726	$259,108	$186,052	$5,618

Western Pallet Association