ACCELERATING CIRCULARITY INC (EIN 843906295) - 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

2019

Legal Domicile

Principal Officer

KARLA MAGRUDER

Phone

9174103188

Tax Period

2024-01-01 to 2024-12-31

ACCELERATING CIRCULARITY INC, founded in 2019, is a small nonprofit in the Environment sector that reported $836K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 76% operating deficit.

Mission

OPERATES FOR THE CHARITABLE, EDUCATION AND SCIENTIFIC PURPOSES OF TRANSFORMING TEXTILE SUPPLY CHAINS FROM LINEAR TO CIRCULAR, THEREBY REDUCING TEXTILE WASTE AND HELPING THE ENVIRONMENT.

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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 $15,000

Program Service Revenue $748,252

Investment Income $72,088

Other Revenue $636

TOTAL REVENUE $835,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $774,020

Fundraising Expenses $133,058

Program Expenses $1,078,364

Other Expenses $696,971

TOTAL EXPENSES $1,470,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$835,976	$2,367,399	-0.6%
Expenses	$1,470,991	$1,290,148	+0.1%
Net Income	$-635,015	$1,077,251	-1.6%

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

N/A

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

$385,000

Total Directors

$385,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLA MAGRUDER	PRESIDENT	40.00	Officer Director	$225,000	$0	$225,000
EDWARD DENES	TREASURER	0.50	Officer Director	$0	$0	$0
TRICIA CAREY	SECRETARY	0.50	Officer Director	$0	$0	$0
ALICE HARTLEY	DIRECTOR	0.50	Director	$0	$0	$0
EILEEN MOCKUS	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN BETHELL	DIRECTOR	0.50	Director	$0	$0	$0
SHELLY GOTTSCHAMER	VICE PRESIDENT	40.00	Officer Director	$160,000	$0	$160,000

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	$835,976	$1,470,991	$2,333,264	$-635,015
2023	$2,367,399	$1,290,148	$3,040,385	$1,077,251
2022	$1,085,091	$823,349	$1,850,579	$261,742
2021	$784,623	$587,988	$1,543,837	$196,635
2020	$1,668,390	$346,662	$1,352,002	$1,321,728

ACCELERATING CIRCULARITY INC