THERMOSTAT RECYCLING CORPORATION (EIN 541830284) - 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

1996

Legal Domicile

Principal Officer

DANIELLE MYERS

Phone

2122972105

Tax Period

2023-01-01 to 2023-12-31

THERMOSTAT RECYCLING CORPORATION, founded in 1996, is a community nonprofit in the Public & Societal Benefit sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $1.2M, a strong 28% operating margin.

Mission

TO PROMOTE THE SAFE COLLECTION AND PROPER DISPOSAL OF MERCURY-CONTAINING THERMOSTATS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,274,918

Investment Income $3,118

Other Revenue $0

TOTAL REVENUE $4,278,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,974,415

Other Expenses $3,090,778

TOTAL EXPENSES $3,090,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,278,036	$4,916,436	-0.1%
Expenses	$3,090,778	$4,058,636	-0.2%
Net Income	$1,187,258	$857,800	+0.4%

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
ARNIE MEYER	CHAIR	0.25	Officer Director	$0	$0	$0
CHUCK KETTERER	VICE CHAIR	0.25	Officer Director	$0	$0	$0
BOB JOHNSON	TREASURER	0.25	Officer Director	$0	$0	$0
DANIELLE MYERS	OPERATIONS AND COMPLIANCE MANAGER	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	No data	No data	No data	No data
2023	$4,278,036	$3,090,778	$5,315,343	$1,187,258
2022	$4,916,436	$4,058,636	$4,135,873	$857,800
2021	$2,889,740	$2,583,233	$2,265,895	$306,507
2020	$2,994,890	$2,437,828	$1,859,558	$557,062
2019	$2,759,811	$2,835,990	$1,394,221	$-76,179
2018	$3,396,931	$3,268,910	$1,461,791	$128,021

THERMOSTAT RECYCLING CORPORATION