ORGANIZATION OF PJM STATES INC (EIN 010852125) - Form 990 Financial Analysis & Trantor Score

🔒

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

2005

Legal Domicile

Principal Officer

GREGORY CARMEAN

Phone

3022660914

Tax Period

2023-01-01 to 2023-12-31

ORGANIZATION OF PJM STATES INC, founded in 2005, is a small nonprofit in the Science & Technology sector that reported $902K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO MAINTAIN AN ORGANIZATION OF THE UTILITY REGULATORY AGENCIES OF THOSE STATES AND THE DISTRICT OF COLUMBIA (COLLECTIVELY "OPSI") WITHIN WHICH PJM INTERCONNECTION, LLC ("PJM") PROVIDES OR OVERSEES ELECTRIC TRANSMISSION, MARKET MAINTENANCE AND MONITORING, RELIABILITY, SECURITY AND OTHER TRANSMISSION SYSTEM OPERATING SERVICES AS A REGIONAL TRANSMISSION OPERATOR ("RTO") AS APPROVED BY THE FEDERAL ENERGY REGULATORY COMMISSION ("FERC").

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $885,198

Program Service Revenue $0

Investment Income $0

Other Revenue $16,364

TOTAL REVENUE $901,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $466,593

Fundraising Expenses $0

Program Expenses $910,870

Other Expenses $446,277

TOTAL EXPENSES $912,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$901,562	$674,570	+0.3%
Expenses	$912,870	$871,199	+0.0%
Net Income	$-11,308	$-196,629	-0.9%

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

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

$202,968

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM DREXLER	DIRECTOR	1.00	Director	$0	$0	$0
EMILE C THOMPSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID VELETA	DIRECTOR	1.00	Director	$0	$0	$0
KENT A CHANDLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL T RICHARD	TREASURER	1.00	Officer Director	$0	$0	$0
KATHERINE PERETICK	DIRECTOR	1.00	Director	$0	$0	$0
ZENON CHRISTODOULOU	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE A MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS P DETERS	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN M DEFRANK	DIRECTOR	1.00	Director	$0	$0	$0
HERBERT H HILLIARD	DIRECTOR	1.00	Director	$0	$0	$0
JAMAL HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE R LANE	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY CARMEAN	EXECUTIVE DIRECTOR	40.00	Officer	$195,468	$7,500	$202,968
BENJAMIN SLOAN	DIR. OF LEGAL & REGULATORY AFFAIRS	40.00	Highest	$141,210	$14,028	$155,238

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	No data	No data	No data	No data
2023	$901,562	$912,870	$99,492	$-11,308
2022	$674,570	$871,199	$110,800	$-196,629
2021	$675,274	$673,545	$307,429	$1,729
2020	$803,690	$562,377	$305,700	$241,313
2019	$665,770	$642,217	$64,387	$23,553
2018	$650,188	$669,972	$40,834	$-19,784

ORGANIZATION OF PJM STATES INC