PUBLIC SERVICE EDUCATION INSTITUTE (PSEI) (EIN 264232788) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

MERLE PIERSON

Phone

2028574425

Tax Period

2023-07-01 to 2024-06-30

PUBLIC SERVICE EDUCATION INSTITUTE (PSEI), founded in 2009, is a small nonprofit that reported $137K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 1884% operating deficit.

Mission

DEVELOP & ADMINISTER ACTIVITIES FOR EDUCATIONAL IMPROVEMENT & INCREASE EMPLOYEE PRODUCTIVITY.

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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 $0

Investment Income $137,267

Other Revenue $21

TOTAL REVENUE $137,288

Expense Breakdown

Grants Paid $2,051,000

Salaries & Benefits $204,241

Fundraising Expenses $0

Program Expenses $2,231,672

Other Expenses $468,058

TOTAL EXPENSES $2,723,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,288	$3,325,709	-1.0%
Expenses	$2,723,299	$3,144,807	-0.1%
Net Income	$-2,586,011	$180,902	-15.3%

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

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

$215,935

Total Directors

$125,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERLE PIERSON	PRESIDENT/CHAIR	10.00	Officer Director	$50,000	$0	$50,000
MICHAEL LAMBERT	SECRETARY/TRUSTEE	8.00	Officer Director	$30,000	$0	$30,000
CONSTANCE NEWMAN	TRUSTEE	3.00	Director	$15,000	$0	$15,000
ROGER CLARK	TRUSTEE	3.00	Director	$15,000	$0	$15,000
LINDA EAGLEFEATHER	TRUSTEE	3.00	Director	$15,000	$0	$15,000
ALLYSON BURTON	TREASURER	30.00	Officer	$105,900	$30,035	$135,935
JOHN MAYKOSKI	FORMER PRESIDENT/CEO - UNTIL 5/2023	0.00		$112,535	$3,454	$115,989

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	$137,288	$2,723,299	$2,059,041	$-2,586,011
2023	$3,325,709	$3,144,807	$4,693,612	$180,902
2022	$13,880,945	$12,610,552	$7,856,850	$1,270,393
2021	$23,800,666	$22,603,409	$24,003,596	$1,197,257
2020	$25,249,075	$28,915,464	$14,917,796	$-3,666,389
2019	$33,744,365	$34,874,078	$18,695,225	$-1,129,713
2018	$33,016,641	$35,216,351	$20,452,258	$-2,199,710

PUBLIC SERVICE EDUCATION INSTITUTE (PSEI)