PERLITE INSTITUTE INC

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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

1949

Legal Domicile

Principal Officer

ISRAEL FERRERES

Tax Period

2023-01-01 to 2023-12-31

PERLITE INSTITUTE INC, founded in 1949, is a small nonprofit that reported $277K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $258K left a modest 7% surplus.

Mission

FURTHER THE SUCCESS AND GROWTH OF THE PERLITE INDUSTRY WORLDWIDE BY PROVIDING ITS MEMBERS NETWORKING OPPORTUNITIES, EDUCATION AND RESEARCH, FOSTER CUSTOMER-DRIVEN MARKETING, PROMOTION AND PRODUCT DEVELOPMENT; AND INCREASE THE PUBLICS AWARENESS AND KNOWLEDGE OF PERLITE.

Program Service Accomplishments

Program 1

INTRODUCED THREE NEW TECHNICAL BROCHURES FOR THE WEBSITE. AVAILABLE TO THE PUBLIC.

Program 2

ANNUAL CONFERENCE HELD IN ATHENS GREECE WITH 70 ATTENDEES.

Program 3

QUARTERLY NEWSLETTER DISTRIBUTED ELECTRONICALLY TO MEMBERS AND FRIENDS OF THE INDUSTRY - OVER 150 INDIVIDUALS. MANAGED ORGANIZATION WEBSITE AND MADE REGULAR UPDATES. POSTED TO SOCIAL MEDIA ON A...

QUARTERLY NEWSLETTER DISTRIBUTED ELECTRONICALLY TO MEMBERS AND FRIENDS OF THE INDUSTRY - OVER 150 INDIVIDUALS. MANAGED ORGANIZATION WEBSITE AND MADE REGULAR UPDATES. POSTED TO SOCIAL MEDIA ON A REGULAR BASIS.

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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 $137,855

Program Service Revenue $107,861

Investment Income $30,869

Other Revenue $0

TOTAL REVENUE $276,585

Expense Breakdown

Grants Paid $5,721

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $252,086

TOTAL EXPENSES $257,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,585	$226,657	+0.2%
Expenses	$257,807	$225,431	+0.1%
Net Income	$18,778	$1,226	+14.3%

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
JANICK KNUDSEN	DIRECTOR	1.00	Director	$0	$0	$0
MATT GOECKER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH HOOPLE	PAST PRESIDENT	1.00	Director	$0	$0	$0
EDGAR VALMANA VELAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET SHEEHY TIPTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DUNLAVEY	DIRECTOR	1.00	Director	$0	$0	$0
REEMA BOLOKBAEVA	DIRECTOR	1.00	Director	$0	$0	$0
LINDA CHIRICO	DIRECTOR	1.00	Director	$0	$0	$0
ISRAEL FERRERES	TREASURER	1.00	Officer	$0	$0	$0
DENISE CALABRESE	EXECUTIVE DIRECTOR	3.00	Officer	$0	$0	$0
ALAN KIRALY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JAKE HESS	PRESIDENT	1.00	Officer	$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	$276,585	$257,807	$725,239	$18,778
2023	$276,585	$257,807	$725,239	$18,778
2022	$226,657	$225,431	$716,422	$1,226
2021	$161,806	$173,779	$789,599	$-11,973
2020	$127,374	$157,822	$776,471	$-30,448
2019	$227,248	$187,703	$823,767	$39,545
2018	$248,342	$217,045	$679,991	$31,297