WASHINGTON REFUSE & RECYCLING ASSOCIATION (EIN 916058237) - 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

1947

Legal Domicile

Principal Officer

BRAD LOVAAS

Phone

3609438859

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON REFUSE & RECYCLING ASSOCIATION, founded in 1947, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 9% surplus.

Mission

PROMOTION OF ENVIRONMENTALLY SOUND AND EFFICIENT SOLID WASTE AND RECYCLING SERVICES.

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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 $0

Program Service Revenue $1,100,031

Investment Income $32,023

Other Revenue $8,158

TOTAL REVENUE $1,140,212

Expense Breakdown

Grants Paid $28,997

Salaries & Benefits $435,331

Fundraising Expenses $0

Other Expenses $569,279

TOTAL EXPENSES $1,033,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,140,212	$1,078,853	+0.1%
Expenses	$1,033,607	$944,116	+0.1%
Net Income	$106,605	$134,737	-0.2%

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

$235,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHAN BANCHERO III	TRUSTEE	1.00	Director	$0	$0	$0
STEVE BRUM	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL DIETRICH	TRUSTEE	1.00	Director	$0	$0	$0
MARK GINGRICH	TRUSTEE	1.00	Director	$0	$0	$0
JIM HUTCHINSON	TRUSTEE	1.00	Director	$0	$0	$0
TED CARLOSN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS REIGELSPERGER	TRUSTEE	1.00	Director	$0	$0	$0
MARC TORRE	PRESIDENT	5.00	Officer	$0	$0	$0
CALVIN DEN HARTOG	SECRETARY, TREASURER	3.00	Officer	$0	$0	$0
BRAD LOVAAS	EXECUTIVE DIRECTOR	40.00	Officer	$190,475	$45,374	$235,849
DARRICK DIETRICH	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RODERIC WHITTAKER	IN HOUSE COUNSEL & POLICY ADVISOR	40.00	Highest	$120,474	$26,830	$147,304

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	$1,140,212	$1,033,607	$799,748	$106,605
2023	$1,078,853	$944,116	$683,083	$134,737
2022	$862,553	$776,186	$533,530	$86,367
2021	$683,130	$595,373	$479,791	$87,757
2020	$673,051	$680,552	$383,441	$-7,501
2019	$851,822	$1,069,196	$382,596	$-217,374
2018	$887,660	$762,459	$586,676	$125,201

WASHINGTON REFUSE & RECYCLING ASSOCIATION