CONSORTIUM FOR RESEARCH ON RENEWABLE INDUSTRIAL MATERIALS (EIN 911744259) - 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

Principal Officer

INDRONEIL GANGULY

Phone

5412312627

Tax Period

2024-07-01 to 2025-06-30

CONSORTIUM FOR RESEARCH ON RENEWABLE INDUSTRIAL MATERIALS, founded in 1996, is a community nonprofit in the Science & Technology sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 414% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 56% operating margin.

Mission

THE CONSORTIUM FOR RESEARCH ON RENEWABLE INDUSTRIAL MATERIAL'S (CORRIM) MISSION SEEKS TO ESTABLISH, SUPPORT AND MANAGE RESEARCH, AND EDUCATION PROGRAMS RELATED TO THE PRODUCTION, USE, AND FINAL DISPOSAL OF WOOD PRODUCTS INCLUDING FORESTRY OPERATIONS AND LIQUID AND SOLID CELLULOSIC FUELS. CORRIM'S RESEARCH FOCUSES ON THE ENVIRONMENTAL IMPACT THROUGH THE LIFE SPAN OF THESE PRODUCTS INCLUDING ENERGY USE, RESOURCE CONSUMPTIONS, AND ENVIRONMENTAL RELEASES IN THE FORM OF AIR AND WATER EMMISSIONS, AND SOLID WASTE. CORRIM'S GOALS ARE TO CREATE AND MAINTAIN WOOD PRODUCTION DATABASES THAT EVALUATE THE ENVIRONMENTAL IMPACTS OF WOOD PRODUCTS AND ALTERNATIVE NON-WOOD-BASED MATERIALS FROM RESOURCE EXTRACTION TO DISPOSAL. CORRIM HAS PRODUCED GUIDELINES FOR EVALUATING ENVIRONMENTAL IMPACTS SPECIFIC TO FORESTRY OPERATION AND WOOD PRODUCTION TO BE USED IN CONJUNCTION WITH INTERNATIONAL STANDARDS FOR PERFORMING LIFE CYCCLE ASSESSMENT. THE INTENT IS TO PROVIDE DATA FOR MANY USERS INCLUDING WOOD PRODUCT MA

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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 $2,379,626

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,379,626

Expense Breakdown

Grants Paid $927,555

Salaries & Benefits $76,459

Fundraising Expenses $15,809

Program Expenses $1,001,123

Other Expenses $51,571

TOTAL EXPENSES $1,055,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,379,626	$463,196	+4.1%
Expenses	$1,055,585	$669,668	+0.6%
Net Income	$1,324,041	$-206,472	-7.4%

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

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

Total Directors

$76,459

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN PUETTMANN	OPERATIONS D	40.00	Director	$42,551	$0	$42,551
ELAINE ONEIL	DIRECTOR OF	25.00	Director	$33,908	$0	$33,908
TIM VOLK	DIRECTOR	1.00	Director	$0	$0	$0
ARIJIT SINGHA	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ARMANDO MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
INDRONEIL GANGULY	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAL MAHALLE	DIRECTOR	1.00	Director	$0	$0	$0
LING LI	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RUSSELL	SECRETARY	1.00	Officer Director	$0	$0	$0
EVA HAVIAROVA	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HARTKE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CHEUNG	DIRECTOR	1.00	Director	$0	$0	$0
CHAD OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VLOSKY	DIRECTOR	1.00	Director	$0	$0	$0
HAN-SUP HAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WOLCOTT	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN HIMES	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	$2,379,626	$1,055,585	$2,503,864	$1,324,041
2024	No data	No data	No data	No data
2023	$408,134	$178,951	$545,912	$229,183
2022	$259,304	$168,712	$317,371	$90,592
2021	$143,570	$214,688	$273,855	$-71,118
2020	$228,838	$238,268	$473,688	$-9,430
2019	$323,213	$325,783	$675,658	$-2,570
2018	$216,086	$376,861	$775,898	$-160,775

CONSORTIUM FOR RESEARCH ON RENEWABLE INDUSTRIAL MATERIALS