SCRAP EXCHANGE 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

1991

Legal Domicile

Principal Officer

MICAH KORDSMEIER

Phone

9192000151

Tax Period

2023-01-01 to 2023-12-31

SCRAP EXCHANGE INC, founded in 1991, is a community nonprofit in the Environment sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE CREATIVITY, ENVIRONMENTAL AWARENESS, AND COMMUNITY THROUGH REUSE.

Program Service Accomplishments

Program 1

Expenses: $1,108,674 Revenue: $1,075,140

RETAIL STORE IN DURHAM, NC SELLS IDEAS AND MATERIALS RELATING TO INDUSTRIAL DISCARDS AND OTHER PRE-CONSUMER AND POST-CONSUMER WASTE MATERIALS. INVENTORY IS DONATED AND COLLECTED FROM BUSINESS AND...

RETAIL STORE IN DURHAM, NC SELLS IDEAS AND MATERIALS RELATING TO INDUSTRIAL DISCARDS AND OTHER PRE-CONSUMER AND POST-CONSUMER WASTE MATERIALS. INVENTORY IS DONATED AND COLLECTED FROM BUSINESS AND INDUSTRIES AS WELL AS INDIVIDUALS.

Program 2

Revenue: $51,190

EVENTS, PARTIES, AND CLASSES SHOWING CHILDREN AND ADULTS CREATIVE WAYS OF USING INDUSTRIAL DISCARDS.

Program 3

WORKSHOPS SHOWING TEACHERS AND STUDENTS HOW TO CREATE TEACHING AIDS AND ARTS USING INDUSTRIAL DISCARDS.

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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 $44,036

Program Service Revenue $2,115,760

Investment Income $4,975

Other Revenue $12,434

TOTAL REVENUE $2,177,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $919,232

Fundraising Expenses $9,878

Program Expenses $1,751,796

Other Expenses $1,358,390

TOTAL EXPENSES $2,277,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,177,205	$1,592,667	+0.4%
Expenses	$2,277,622	$2,004,823	+0.1%
Net Income	$-100,417	$-412,156	-0.8%

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

220

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICAH KORDSMEIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MADELINE BANKSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TOM DAWSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNA ANEJA	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE BECK	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEY KIRBY	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY STANLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE CROWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER A COOK	INTERIM EXEC	40.00	Officer	$90,000	$0	$90,000

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	$2,177,205	$2,277,622	$7,064,812	$-100,417
2022	$1,592,667	$2,004,823	$7,180,432	$-412,156
2021	$2,047,829	$2,292,014	$6,770,831	$-244,185
2020	$2,003,893	$2,069,913	$5,662,035	$-66,020
2019	$2,433,570	$2,631,647	$5,273,232	$-198,077
2018	$1,642,024	$1,982,415	$5,059,361	$-340,391