THE POWER SOURCES MANUFACTURERS AS… - 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

1985

Legal Domicile

Principal Officer

Tim McDonald

Phone

9735439660

Tax Period

2023-01-01 to 2023-12-31

THE POWER SOURCES MANUFACTURERS ASSOCIATION INC, founded in 1985, is a small nonprofit that reported $755K in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $368K, a strong 49% operating margin.

Mission

Increase member company knowledge and educate the power sources industry through workshops, webinars, co-sponsor the Applied Power Electronics Conference (APEC), provide an international website, conduct studies in Power Electronics Trends, Energy Efficiency, Power Packaging and Manufacturing, Semiconductors, Safety and Compliance Standards, Energy Efficiency Standards, Magnetics, Reliability, Energy Harvesting and Energy Storage.

Program Service Accomplishments

Program 1

Expenses: $12,102 Revenue: $12,102

Special Studies and Projects including Power Technology Roadmap (PTR) Report and Webinars, Other Webinars, Magnetics Core Loss Project, support for the International Future Energy Challenge (IFEC)...

Special Studies and Projects including Power Technology Roadmap (PTR) Report and Webinars, Other Webinars, Magnetics Core Loss Project, support for the International Future Energy Challenge (IFEC), reprints of Classic Magnetics Books.

Program 2

Expenses: $142,846 Revenue: $142,846

Support conferences, workshops and webinars including APEC2023, Magnetics Workshop on High Frequency Applications and Technology Trends, 3D-PEIM, EnerHarv, PwrSoC, support to outstanding students...

Support conferences, workshops and webinars including APEC2023, Magnetics Workshop on High Frequency Applications and Technology Trends, 3D-PEIM, EnerHarv, PwrSoC, support to outstanding students from national and international universities to attend and present peer reviewed technical papers at APEC 2023.

Program 3

Expenses: $58,115 Revenue: $58,115

Development and maintenance of PSMA website to provide access to technical committee forums, to the Energy Efficiency Data Base (EEDB) and the Safety and Compliance Data Base (SCDB), update and...

Development and maintenance of PSMA website to provide access to technical committee forums, to the Energy Efficiency Data Base (EEDB) and the Safety and Compliance Data Base (SCDB), update and distribute information via email on new and changes to existing industry regulations and standards to self-selected list of individuals in the industry, continue development of improved website, promote PSMA activities through social media.

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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 $116,417

Program Service Revenue $628,451

Investment Income $9,937

Other Revenue $250

TOTAL REVENUE $755,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,063

Other Expenses $386,744

TOTAL EXPENSES $386,744

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,055	$313,652	+1.4%
Expenses	$386,744	$317,118	+0.2%
Net Income	$368,311	$-3,466	-107.3%

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

100

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
TRIFON LIAKOPOULOS	PRESIDENT	3	Officer Director	$0	$0	$0
TIM MCDONALD	SECRETARY/TREASURER	5	Officer Director	$0	$0	$0
RENEE YAWGER	Vice President	3	Officer Director	$0	$0	$0
JOHN BULTITUDE	Director	2	Director	$0	$0	$0
STEPHANIE WATTS BUTLER	Director	2	Director	$0	$0	$0
DAVID CHEN	Director	2	Director	$0	$0	$0
ADA CHENG	Director	2	Director	$0	$0	$0
REENU GARG	Director	2	Director	$0	$0	$0
AJAY HARI	Director	2	Director	$0	$0	$0
GEORGE SLAMA	Director	2	Director	$0	$0	$0
LLEW VAUGHAN-EDMUNDS	Director	2	Director	$0	$0	$0
DEEPAK VEEREDDY	Director	2	Director	$0	$0	$0
FRED WEBER	Chair	4	Officer	$0	$0	$0
JOSEPH HORZEPA	Executive Director	15	Key Emp	$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
2023	$755,055	$386,744	$719,657	$368,311
2022	$313,652	$317,118	$357,345	$-3,466
2021	$166,776	$244,536	$354,811	$-77,760
2020	$312,700	$369,896	$432,787	$-57,196

THE POWER SOURCES MANUFACTURERS ASSOCIATION INC