Metropolitan Package Store Associa… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1941

Legal Domicile

Principal Officer

Michael A Correra

Phone

8669899006

Tax Period

2023-01-01 to 2023-12-31

Metropolitan Package Store Association, founded in 1941, is a small nonprofit that reported $312K in total revenue in fiscal year 2023.

Mission

Business Association of Package Store.

Program Service Accomplishments

Program 1

Revenue: $225

The association receives royalty fees from the sale of tote bags.

Program 2

Revenue: $637

The association provides members the opportunity for benefits The association receives a residual commission on the member fees.

Program 3

Revenue: $239

The association provides training through PSCC/Reserving. The association receives a commission on the sales

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $331,984

Program Service Revenue $1,101

Investment Income $71

Other Revenue $-21,137

TOTAL REVENUE $312,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $322,041

TOTAL EXPENSES $322,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$312,019	$309,842	+0.0%
Expenses	$322,041	$265,845	+0.2%
Net Income	$-10,022	$43,997	-1.2%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael A Correra	Executive Director	0.50	Officer Director	$0	$0	$0
Roger Barbiero	Secretary	0.50	Officer Director	$0	$0	$0
Ed Wassmer	Treasurer	0.50	Officer Director	$0	$0	$0
Sam Choi	Director	0.50	Director	$0	$0	$0
Jeff Cohen	Director	0.50	Director	$0	$0	$0
Robert Fink	Director	0.50	Director	$0	$0	$0
Michael Houdek	Director	0.50	Director	$0	$0	$0
Donald Kumm	Director	0.50	Director	$0	$0	$0
Tim Burns	Director	0.50	Director	$0	$0	$0
Lucy Fang	Director	0.50	Director	$0	$0	$0
J Scott	Beckendorf	0.50	Director	$0	$0	$0
Douglas	Cibuls	0.50	Director	$0	$0	$0
Andrea	Fang	0.50	Director	$0	$0	$0
Sophia	Hong	0.50	Director	$0	$0	$0
Richard	Klein	0.50	Director	$0	$0	$0
Anetta	Klencer	0.50	Director	$0	$0	$0
John	Volpli	0.50	Director	$0	$0	$0
Victori	Vugmayster	0.50	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	No data	No data	No data	No data
2023	$312,019	$322,041	$565,928	$-10,022
2022	$309,842	$265,845	$549,344	$43,997
2021	$328,977	$225,658	$556,767	$103,319
2020	$383,648	$165,505	$449,723	$218,143
2019	$269,638	$240,612	$229,060	$29,026
2018	$224,964	$219,203	$193,334	$5,761

Metropolitan Package Store Association