Delterra Inc

What it reported doing in 2024

Rethinking recyclingwe transform the broken system of recycling by fixing the vicious cycle of unreliable demand and poor supply. We address poor supply by developing self-sustaining, community owned recycling programs and unreliable demand by working with corporate players to absorb the supply at a fair price on an ongoing basis. Our flagship initiative, rethinking recycling, works with communities and industry to create highly productive, financially attractive systems that rapidly increase the amount of material recycled into productive use, including solutions for plastics and organic waste. On the supply side, we develop community-owned, self-sustaining waste management systems that produce a reliable stream of high-value recyclables while serving everyone in the community. On the demand side, we work with corporate players to build aggregation, traceability, and logistics solutions, and to create local markets to consistently absorb the supply of recycled material at a fair price. We reinforce this approach with government support at the right moments and at multiple levels, to enable and sustain the full-scale adoption of successful models.in indonesia, our vision is to enable thousands of community-owned, sustainable waste collection and recycling programs across indonesia bringing effective and affordable waste management to millions. We started with a successful pilot in sanur kauh, bali in 2019 and have plans to expand our reach in 2024.in argentina, our vision is to build recycling into existing waste collection systems by designing services that fit within municipal budgets and create value for local communities. We started with a pilot in barrio mugica, an informal community of approximately 40,000 residents in buenos aires in 2019, expanded to the city of olavarria, and are now scaling to several other cities across the country.in both of these countries we are working with corporate players on the demand side to create traceability and transparency, improve logistics, and build local markets to reliably absorb the supply of recycled materials on an ongoing basis at a fair price.plastic iqplastic iq is a digital tool that is changing the way companies understand their plastic footprint, make better packaging decisions, and transition towards a circular economy. Delterra is currently using plastic iq in indonesia and brazil, with plans for additional countries in the next phase of the project. Plastic iq helps companies go from commitment to action on tackling plastic waste. The powerful digital tool translates cutting-edge research into personalized, data-based packaging plans. It also accounts for ghg emissions, costs and local regulations (such as epr).

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 72.2%; rating input score 72
• Fundraising efficiency: $10.71 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 0 of 8 controls in place; rating input score 0
  • Claims monitoring procedures: Fail
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 43rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -113.2%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 1.12; rating input score 41; 41st percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
• Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings

Growth

• Program expense growth: 47.9% per year; rating input score 100; 97th percentile among comparable filings
• Revenue growth: 22.2% per year; rating input score 100; 90th percentile among comparable filings
• Asset growth: 36% per year; rating input score 100; 95th percentile among comparable filings