CAROLINA RECYCLING ASSOCIATION (EIN 561600416) - 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

1988

Legal Domicile

Principal Officer

MARY MCCLELLAN

Phone

8779720007

Tax Period

2022-07-01 to 2023-06-30

CAROLINA RECYCLING ASSOCIATION, founded in 1988, is a small nonprofit in the Environment sector that reported $389K in total revenue in fiscal year 2022. Revenue decreased 20% compared to the prior year. Expenses of $360K left a modest 7% surplus.

Mission

CAROLINA RECYCLING ASSOCIATION EXISTS TO CONSERVE RESOURCES BY ADVANCING RECYCLING AND WASTE REDUCTION THROUGHOUT THE CAROLINAS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $55,196

Program Service Revenue $326,065

Investment Income $4,562

Other Revenue $3,070

TOTAL REVENUE $388,893

Expense Breakdown

Grants Paid $2,361

Salaries & Benefits $177,886

Fundraising Expenses $31,024

Program Expenses $261,487

Other Expenses $179,874

TOTAL EXPENSES $360,121

Year-over-Year Comparison

	2022	2021	Change
Revenue	$388,893	$485,354	-0.2%
Expenses	$360,121	$514,697	-0.3%
Net Income	$28,772	$-29,343	-2.0%

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

$76,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY MCCLELLAN	EXECUTIVE DI	40.00	Officer	$68,935	$7,200	$76,135
JOSH WAGNER	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVE VANDEVENTER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CAROL JAMES-GILCHRIST	BDC CHAIR	2.00	Officer Director	$0	$0	$0
WES WESTBROOKS	TREASURER	3.00	Officer Director	$0	$0	$0
TORI CARLE	SECRETARY	2.00	Officer Director	$0	$0	$0
TERESA BAKER	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BALL	DIRECTOR	1.00	Director	$0	$0	$0
MANDY BARNETTE	DIRECTOR	1.00	Director	$0	$0	$0
SRIJANA GUILFORD	DIRECTOR	1.00	Director	$0	$0	$0
DAMEON HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
MATT JAMES	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
ALEX MILLER	DIRECTOR	1.00	Director	$0	$0	$0
RON MOORE	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$388,893	$360,121	$530,472	$28,772
2022	$485,354	$514,697	$552,343	$-29,343
2021	$306,948	$291,524	$595,874	$15,424
2020	$130,974	$237,071	$671,233	$-106,097
2019	$396,319	$388,292	$636,753	$8,027
2018	$396,782	$339,596	$701,974	$57,186

CAROLINA RECYCLING ASSOCIATION