The Pallet 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

1996

Legal Domicile

Phone

7035196104

Tax Period

2024-01-01 to 2024-12-31

The Pallet Foundation Inc, founded in 1996, is a small nonprofit in the Science & Technology sector that reported $636K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $157K, a strong 25% operating margin.

Mission

The Pallet Foundation supports research, education/training and safety in the wood packaging industry while promoting the industry to end-users.

Program Service Accomplishments

Program 1

Expenses: $197,376

The Pallet Design System (PDS) is an engineering, design and marketing tool, you can dwesign the optimum pallet by scientifically determining the safe load carrying capacity, performance and material quality needed. PDS takes end-user requirements into consideration as it uses fundamantal engineering principles to calculate and examine ech possible solution.

Program 2

Expenses: $42,500

The Foundation continues to fund research with Virginia Tech University to explore the modeling of the quality of wood pallets & circulation in the US

Program 3

Expenses: $40,238 Revenue: $52,905

Natures Packaging is a campaign designed to promote the benefits of wood packaging. It will supply research and analytical support to gather environmental facts and figures on issues such as life...

Natures Packaging is a campaign designed to promote the benefits of wood packaging. It will supply research and analytical support to gather environmental facts and figures on issues such as life cycle analysis, forest sustainability, certification and wood recycling programs.

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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 $548,444

Program Service Revenue $0

Investment Income $87,617

Other Revenue $0

TOTAL REVENUE $636,061

Expense Breakdown

Grants Paid $42,500

Salaries & Benefits $0

Fundraising Expenses $2,357

Program Expenses $321,290

Other Expenses $436,247

TOTAL EXPENSES $478,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$636,061	$697,800	-0.1%
Expenses	$478,747	$499,727	0.0%
Net Income	$157,314	$198,073	-0.2%

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
Jordan Piland	Trustee	2.00	Director	$0	$0	$0
Clint Binley	Trustee	2.00	Director	$0	$0	$0
Chaille Brindley Jr	Trustee	2.00	Director	$0	$0	$0
Bill MacCauley	Trustee	2.00	Director	$0	$0	$0
Bill Schneider	Trustee	2.00	Director	$0	$0	$0
Jimmy Wilson	Trustee	2.00	Director	$0	$0	$0
Steve Yelland	Chair	2.00	Officer Director	$0	$0	$0
Kathleen Dietrich	Trustee	2.00	Director	$0	$0	$0
Mitchell Kamps	Trustee	2.00	Director	$0	$0	$0
Frank Shean	Vice Chair	2.00	Officer Director	$0	$0	$0
Carolyn Beach-Skinner	Trustee	2.00	Director	$0	$0	$0
Scott Vipond	Trustee	2.00	Director	$0	$0	$0
Rob Trexler	Trustee	0.00	Director	$0	$0	$0
Scott Harrington	Trustee	0.00	Director	$0	$0	$0
Luke Wenner	Trustee	2.00	Director	$0	$0	$0
Larry Howell	Trustee	2.00	Director	$0	$0	$0
Jeff Williams	Trustee	2.00	Director	$0	$0	$0
Greg Wine	Trustee	2.00	Director	$0	$0	$0
Sukhi Brar	Trustee	2.00	Director	$0	$0	$0
Julie DeRoush	Trustee	2.00	Director	$0	$0	$0
Mike Hachtman	Trustee	2.00	Director	$0	$0	$0
Justin Karoly	Trustee	2.00	Director	$0	$0	$0
Kurt Larsen	Trustee	2.00	Director	$0	$0	$0
Brent McClendon	Secretary	5.00	Officer	$0	$0	$0
Michael Saylor	Treasurer	5.00	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	$636,061	$478,747	$3,530,322	$157,314
2023	$697,800	$499,727	$3,144,725	$198,073
2022	$589,163	$353,434	$2,617,050	$235,729
2021	$720,970	$233,920	$2,718,511	$487,050
2020	$532,650	$230,006	$2,227,532	$302,644
2019	$556,847	$197,409	$1,949,864	$359,438
2018	$195,066	$205,638	$1,595,020	$-10,572