Friends of SCRAP Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

Merritt Richmond

Phone

4156471746

Tax Period

2024-01-01 to 2024-12-31

Friends of SCRAP Inc, founded in 1978, is a community nonprofit in the Environment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 8% surplus.

Mission

Stimulate creativity environmental awareness in children and adults through promoting the creative reuse of matls that traditionally have been discarded as waste. Help teachers students by providing free very low-cost supplies divert materials from landfill help artists get materials at low cost create jobs.

Program Service Accomplishments

Program 1

Expenses: $916,834 Revenue: $243,548

Solicit donations of useable materials from business, industry and families in the Bay Area. We display and sell this material in our public, 5,000 square foot Depot in San Franciscos Bayview...

Solicit donations of useable materials from business, industry and families in the Bay Area. We display and sell this material in our public, 5,000 square foot Depot in San Franciscos Bayview neighborhood. SCRAP also provides classes and field trips to students in K-12 grades. These events stress the importance to the environment of reuse while also enabling the students to express themselves creatively.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $905,566

Program Service Revenue $187,698

Investment Income $13,689

Other Revenue $80,953

TOTAL REVENUE $1,187,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $855,915

Fundraising Expenses $45,129

Program Expenses $916,834

Other Expenses $240,801

TOTAL EXPENSES $1,097,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,187,906	$1,003,438	+0.2%
Expenses	$1,097,296	$948,627	+0.2%
Net Income	$90,610	$54,811	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

120

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

$115,295

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Kochanski	Executive Dir	040.00	Officer	$115,295	$0	$115,295
Merritt Richmond	President	002.00	Officer Director	$0	$0	$0
Nina Coveney	Secretary	002.00	Officer Director	$0	$0	$0
Therese Martin	Treasurer	002.00	Officer Director	$0	$0	$0
Karen Donovan	Bd Member	002.00	Director	$0	$0	$0
Mindy Kirshner	Bd Member	002.00	Director	$0	$0	$0
Varun Bhatia	Bd Member	002.00	Director	$0	$0	$0
Stephen Lambright	Bd Member	002.00	Director	$0	$0	$0
Renee Richards	Bd Member	002.00	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
2024	$1,187,906	$1,097,296	$692,048	$90,610
2023	$1,003,438	$948,627	$585,418	$54,811
2022	$718,299	$717,505	$532,645	$794
2021	$818,457	$542,255	$526,085	$276,202
2020	$365,984	$360,055	$349,902	$5,929
2019	$489,494	$335,789	$238,182	$153,705