PACKAGING MACHINERY MANUFACTURERS … - 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

1933

Legal Domicile

Principal Officer

JIM PITTAS

Phone

5716123200

Tax Period

2023-01-01 to 2023-12-31

PACKAGING MACHINERY MANUFACTURERS INSTITUTE, founded in 1933, is a mid-sized nonprofit that reported $71.4M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

PMMI IMPROVES AND PROMOTES MEMBERS' ABILITIES TO SUCCEED IN A GLOBAL MARKETPLACE.

Program Service Accomplishments

Program 1

EXHIBIT: DEVELOPS THE PROMOTION AND SPONSORSHIP OF PACK EXPO INTERNATIONAL AND PACK EXPO EAST IN CHICAGO AND PHILADELPHIA IN THE EVEN YEARS, AND PACK EXPO LAS VEGAS IN THE ODD YEARS. 2,328 EXHIBITORS...

Program 2

EXHIBITOR SERVICES & SHOW MANAGEMENT: PROVIDES EXHIBITOR CONTRACTOR SERVICES AT PACK EXPO INTERNATIONAL AND PACK EXPO EAST IN CHICAGO AND PHILADELPHIA IN THE EVEN YEARS, AND PACK EXPO LAS VEGAS IN...

EXHIBITOR SERVICES & SHOW MANAGEMENT: PROVIDES EXHIBITOR CONTRACTOR SERVICES AT PACK EXPO INTERNATIONAL AND PACK EXPO EAST IN CHICAGO AND PHILADELPHIA IN THE EVEN YEARS, AND PACK EXPO LAS VEGAS IN THE ODD YEARS.

Program 3

MEDIA GROUP: PROVIDES LEADING EDGE PRINT AND MEDIA TECHNOLOGIES THAT SERVE AS AN INTERACTIVE KNOWLEDGE EXCHANGE FOR THE PACKAGING AND PROCESSING SUPPLY CHAIN THROUGOUT THE YEAR. CIRCULATION: 136,500...

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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 $0

Program Service Revenue $64,899,500

Investment Income $1,778,172

Other Revenue $4,694,101

TOTAL REVENUE $71,371,773

Expense Breakdown

Grants Paid $995,688

Salaries & Benefits $21,080,808

Fundraising Expenses $0

Other Expenses $48,022,534

TOTAL EXPENSES $70,099,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,371,773	$90,769,850	-0.2%
Expenses	$70,099,030	$80,482,576	-0.1%
Net Income	$1,272,743	$10,287,274	-0.9%

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

148

Volunteers

200

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

$1,674,743

Total Directors

Key Employees

$523,179

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMMANUEL CERF	IMMEDIATE PAST CHAIR	3.00	Officer Director	$0	$0	$0
PATRICIA ANDERSEN	CHAIR	3.00	Officer Director	$0	$0	$0
ANDREW BARRIEAU	VICE CHAIR	3.00	Officer Director	$0	$0	$0
GREG BERGUIG	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK CARROLL	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGIE CUSTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JAKE GARVEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
BRUCE LARSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN MAUGER	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE MULDER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE NAVIN	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE ODOM	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN ROACH	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM SIOUI	BOARD MEMBER	2.00	Director	$0	$0	$0
NICHOLAS TARABORELLI	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY WILSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES PITTAS	PRESIDENT & CEO	38.00	Officer	$957,781	$88,996	$1,097,187
CRAIG SILVERIO	VP, FINANCE	38.00	Officer	$473,876	$78,739	$577,556
DAVID NEWCORN	SVP, DIGITAL & DATA	40.00	Key Emp	$433,560	$89,619	$523,179
TRACY STOUT	VP, MARKETING & COMMUNICATIONS	40.00	Highest	$361,530	$89,531	$451,061
JOSEPH ANGEL	VP, INDUSTRY OUTREACH	40.00	Highest	$360,816	$78,872	$439,688
JORGE IZQUIERDO	VP, MARKET DEVELOPMENT	40.00	Highest	$343,417	$81,165	$424,582
THOMAS EGAN	VP, INDUSTRY SERVICES	40.00	Highest	$409,256	$79,326	$488,582
GLEN LONG	SVP, INDUSTRY SERVICES	40.00	Highest	$468,727	$68,223	$536,950

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	$71,371,773	$70,099,030	$88,357,736	$1,272,743
2022	$90,769,850	$80,482,576	$82,413,042	$10,287,274
2021	$62,733,082	$58,872,885	$71,869,344	$3,860,197
2020	$42,268,537	$40,720,196	$65,936,742	$1,548,341
2019	$59,331,942	$62,600,166	$62,273,225	$-3,268,224
2018	$78,739,586	$73,290,155	$62,325,177	$5,449,431

PACKAGING MACHINERY MANUFACTURERS INSTITUTE