Overview
What is Triangular Processing Inc?
Triangular Processing Inc is a nonprofit organization dedicated to offering employment opportunities to individuals with disabilities. They achieve this through a unique approach involving a recycling program. By selling recycled products, the organization generates income, which is then used to pay wages to the participants involved in the program. This initiative not only provides a source of income but also offers meaningful work and a chance to contribute to the community. Triangular Processing Inc's mission is to empower and include individuals with disabilities in the workforce, making a positive impact on their lives and promoting social inclusion.
Official website here: www.triangularprocessing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Triangular Processing Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. The score is derived entirely from its Accountability & Finance metrics, where it excels, particularly with a program expense ratio of 94.54%. This suggests that a significant portion of the funds are directed towards its mission-driven programs, reflecting an efficient use of resources.
The organization demonstrates strong governance practices, evidenced by its fully independent board comprised of 10 members. It has a comprehensive set of policies in place, including conflict of interest and whistleblower policies, which are vital for maintaining transparency and ethical standards. The absence of material asset diversion reinforces the organization's commitment to integrity in its financial dealings.
While the overall rating is commendable, it is important for potential donors and supporters to continuously monitor the organization's performance and impact. The reliance on a single beacon score may limit the assessment of other facets that contribute to the organization's effectiveness, but the current indicators point to a well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Triangular Processing Inc legitimate?
Triangular Processing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triangular Processing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,137,604
For more financial information, click here
Official website here: www.triangularprocessing.com
What is the mission statement of Triangular Processing Inc?
Triangular Processing Inc, as a mission, focuses on offering employment services to individuals with disabilities. They achieve this by establishing a recycling program. The participants in this program are remunerated through the sale of the recycled products, thereby providing them with an income source. Essentially, Triangular Processing Inc seeks to empower the disabled community by providing them with employment opportunities within the context of a recycling program.
Official website here: www.triangularprocessing.com
Who is the CEO of Triangular Processing Inc?
Stephen Maloney is the Trustee of Triangular Processing Inc.
Official website here: www.triangularprocessing.com
What is the revenue of Triangular Processing Inc?
Triangular Processing Inc's revenue in 2022 was $3,106,692.
Official website here: www.triangularprocessing.com
Who are the executives of Triangular Processing Inc and what are their salaries?
The average compensation at Triangular Processing Inc during 2022 was $8,490. There are 134 employees and 10 volunteers at Triangular Processing Inc.
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Official website here: www.triangularprocessing.com
Where can I find the form 990 for Triangular Processing Inc?
Triangular Processing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.triangularprocessing.com
Learn more at the official website: www.triangularprocessing.com
Mission Statement of Triangular Processing Inc
Triangular Processing Inc, a nonprofit organization, is dedicated to providing employment opportunities for individuals with disabilities. They accomplish this mission through a unique recycling program. By facilitating the sale of recycled products, Triangular Processing offers compensated work to its participants, thereby offering them a means of income and employment. This innovative approach not only provides essential services to the disabled community but also contributes to environmental sustainability by promoting recycling.
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Impact
October, 2024
Triangular Processing Inc significantly impacts the community by empowering individuals with disabilities through meaningful employment opportunities. By facilitating a recycling program, the organization not only supports environmental sustainability but also ensures that participants earn wages from the sale of recycled products. This dual benefit promotes financial independence and dignity for those involved while addressing the pressing issue of waste management. Located in Wauseon, Ohio, Triangular Processing Inc plays a vital role in enhancing the quality of life for disabled individuals by fostering inclusion and providing skills development through hands-on work experiences in a supportive environment. Their efforts contribute to both personal growth for participants and a more sustainable community.
This information is meant to be a general summary of Triangular Processing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,559
- Program Service Revenue: $2,276,896
- Gross Receipts: $3,109,071
Assets and Liabilities:
- Total Assets: $2,323,036
- Total Liabilities: $70,977
- Net Assets: $2,252,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT BILLING
Revenue
$1,382,523
CLIENT BILLING - ANNEX
Revenue
$215,386
THE TABLE REVENUE
Revenue
$142,588
SUPPORTIVE EMPLOYMENT
Revenue
$121,334
RECYCLING REVENUE
Revenue
$118,392
Organization Details
Founding Year
1997
Phone
(419) 337-4575Principal Officer
Stephen Maloney
Main Address
550 W LINFOOT ST, WAUSEON, OH, 43567
Website
www.triangularprocessing.comNTEE Category
Code: J33 - Employment
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