HALON RECYCLING CORPORATION (EIN 521842251) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

THOMAS CORTINA

Phone

8002581283

Tax Period

2023-01-01 to 2023-12-31

HALON RECYCLING CORPORATION, founded in 1993, is a small nonprofit that reported $136K in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. Expenses of $156K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO SUPPORT THE GOALS OF THE ENVIRONMENTAL COMMUNITY BY ASSISTING USERS OF HALON CHEMICALS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $99,967

Investment Income $33

Other Revenue $15

TOTAL REVENUE $100,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $109,212

TOTAL EXPENSES $109,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,015	$130,972	-0.2%
Expenses	$109,212	$120,845	-0.1%
Net Income	$-9,197	$10,127	-1.9%

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
GEORGE MCEACHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
THIBAULT PELLETIER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
BRENDAN KARCHERE	TREASURER	1.00	Officer Director	$0	$0	$0
TERRY SIMPSON	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TYLER ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN DEMETER	BOARD MEMBER	1.00	Director	$0	$0	$0
IAN CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS CORTINA	EXECUTIVE DIRECTOR	15.00	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	No data	No data	No data	No data
2023	$100,015	$109,212	$23,578	$-9,197
2022	$130,972	$120,845	$32,775	$10,127
2021	$42,031	$134,823	$22,648	$-92,792
2020	$172,781	$135,846	$115,440	$36,935
2019	$150,023	$165,842	$97,111	$-15,819
2018	$136,299	$155,508	$116,448	$-19,209

HALON RECYCLING CORPORATION