Triangular Processing Inc
- Assets
- $1.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 103
- Location
- Wauseon, OH
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 34-1856983
Organization Overview
Triangular Processing Inc is located in Wauseon, OH. The organization was established in 2000. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2021, Triangular Processing Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangular Processing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Triangular Processing Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 26.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYMENT SERVICES TO THE DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EMPLOYMENT FOR DISABLED PEOPLE THROUGH A RECYCLING PROGRAM WHERE THE SALE OF THE RECYCLES PRODUCTS PAID WAGES TO THE DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Gerken President | OfficerTrustee | 1 | $0 |
Brock Mealer Vice Preside | OfficerTrustee | 1 | $0 |
Rob Vogelsong Trustee | Trustee | 1 | $0 |
Stephen Maloney Trustee | Trustee | 1 | $0 |
Cindy Savage Trustee | Trustee | 1 | $0 |
Patty Finn Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $671,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,706 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $674,966 |
| Total Program Service Revenue | $1,921,172 |
| Investment income | $1,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,597,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $871,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $71,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $205 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,505 |
| Travel | $667,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,454 |
| Insurance | $0 |
| All other expenses | $68,485 |
| Total functional expenses | $1,978,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,140,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $309,685 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,047 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,736 |
| Net Land, buildings, and equipment | $343,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,802,967 |
| Accounts payable and accrued expenses | $29,919 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,742 |
| Total liabilities | $68,661 |
| Net assets without donor restrictions | $1,734,306 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,802,967 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Triangular Processing Inc has recieved totaling $7,420.
| Awarding Organization | Amount |
|---|---|
United Way Of Henry County Napoleon, OH | | $7,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Enterprises Inc Valparaiso, IN | $17,973,324 | $20,835,387 |
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
Svrc Industries Inc Saginaw, MI | $26,910,154 | $10,824,855 |
Saw Inc Maple Heights, OH | $6,395,410 | $10,960,526 |
Richland Newhope Industries Inc Mansfield, OH | $8,935,690 | $8,394,692 |
Weaver Industries Inc Akron, OH | $6,119,573 | $9,368,029 |
Tac Industries Inc Springfield, OH | $17,661,661 | $9,778,253 |
Bi-County Services Inc Bluffton, IN | $7,324,940 | $7,807,647 |
Workshops Inc Canton, OH | $5,457,390 | $7,999,125 |
Alpha Group Of Delaware Inc Delaware, OH | $7,565,752 | $7,411,638 |
Lark Enterprises Inc New Castle, PA | $2,089,154 | $5,664,485 |
Jackson County Developmental Center Inc Millwood, WV | $3,126,310 | $5,044,000 |