PUBLIC ACCOUNTABILITY INITIATIVE INC (EIN 200972582) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Phone

7162398305

Tax Period

2024-04-01 to 2025-03-31

PUBLIC ACCOUNTABILITY INITIATIVE INC, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $696K in total revenue in fiscal year 2017. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 19% operating margin.

Mission

THE PUBLIC ACCOUNTABILITY INITIATIVE CONDUCTS RESEARCH AND EDUCATIONAL ACTIVITIES THAT BRING TRANSPARENCY TO INFLUENCE PUBLIC SECTOR AND PRIVATE SECTOR INSTITUTIONS AND THEIR KEY RELATIONSHIP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,187,072

Program Service Revenue $146,797

Investment Income $0

Other Revenue $50,838

TOTAL REVENUE $1,384,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $503,330

Fundraising Expenses $12,593

Program Expenses $664,325

Other Expenses $223,963

TOTAL EXPENSES $727,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,384,707	$904,250	+0.5%
Expenses	$727,293	$629,679	+0.2%
Net Income	$657,414	$274,571	+1.4%

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

Volunteers

1500

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

$86,642

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GIN ARMSTRONG	Executive Dir.	40.00	Officer	$86,642	$0	$86,642
MAYA RAGSDALE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ANTHONY ARMSTRONG	Treasurer	2.00	Officer Director	$0	$0	$0
ELLEN DAVID FRIEDMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ZAC CHAPMAN	BOARD MEMBER	2.00	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
2025	$1,384,707	$727,293	$1,813,540	$657,414
2024	$904,250	$629,679	$1,172,247	$274,571
2023	$826,870	$644,567	$875,979	$182,303
2022	$771,096	$621,630	$698,226	$149,466
2021	$848,892	$729,130	$545,055	$119,762
2020	$797,475	$710,200	$432,381	$87,275
2019	$609,325	$673,852	$343,775	$-64,527
2018	$695,742	$566,161	$448,770	$129,581

PUBLIC ACCOUNTABILITY INITIATIVE INC