APICS INC (EIN 366066976) - 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

1957

Legal Domicile

Principal Officer

JEFFREY ZETTEK

Phone

7738671777

Tax Period

2023-01-01 to 2023-12-31

APICS INC, founded in 1957, is a mid-sized nonprofit that reported $37.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

APICS BUILDS KNOWLEDGE AND SKILLS IN OPERATIONS AND SUPPLY CHAIN PROFESSIONALS.

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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 $27,352,380

Investment Income $119,021

Other Revenue $9,711,278

TOTAL REVENUE $37,182,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,969,091

Fundraising Expenses $0

Other Expenses $20,861,544

TOTAL EXPENSES $39,830,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,182,679	$32,129,769	+0.2%
Expenses	$39,830,635	$34,926,652	+0.1%
Net Income	$-2,647,956	$-2,796,883	-0.1%

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

119

Volunteers

1000

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

$1,634,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA VENEZIANO	CHAIR	1.90	Officer Director	$0	$0	$0
LARS MAGNUSSON	TREASURER-SECRETARY	1.90	Officer Director	$0	$0	$0
PAMELA DOW	CHAIR ELECT	1.90	Officer Director	$0	$0	$0
KATIE FOWLER	DIRECTOR	1.50	Director	$0	$0	$0
MIKE BUNGE	DIRECTOR	1.50	Director	$0	$0	$0
OLIVE NGAH	DIRECTOR	1.50	Director	$0	$0	$0
JAMES HESS	DIRECTOR	1.50	Director	$0	$0	$0
NISA MOORE	DIRECTOR	1.50	Director	$0	$0	$0
JONATHON WEBSTER	DIRECTOR	1.50	Director	$0	$0	$0
AMY AUGUSTINE	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTINE BARNHART	DIRECTOR	1.50	Director	$0	$0	$0
PEDRO NETO	DIRECTOR	1.50	Director	$0	$0	$0
ABE ESHKENAZI	CEO	39.75	Officer	$918,149	$130,595	$1,048,744
JEFF ZETTEK	EVP/CFO	39.75	Officer	$489,498	$96,477	$585,975
PETER BOLSTORFF	EVP	40.00	Highest	$431,398	$79,317	$510,715
DOUGLAS KENT	EVP	40.00	Highest	$432,438	$29,328	$461,766
LISA SALLSTROM	EVP	40.00	Highest	$406,574	$62,518	$469,092
SHERRI GOODLOVE	EVP	40.00	Highest	$382,875	$72,771	$455,646
GINA DECIANI	VP	40.00	Highest	$354,841	$47,641	$402,482

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	$37,182,679	$39,830,635	$40,238,200	$-2,647,956
2022	$32,129,769	$34,926,652	$39,419,111	$-2,796,883
2021	$30,789,675	$28,710,983	$42,029,595	$2,078,692
2020	$27,546,851	$29,261,246	$37,098,559	$-1,714,395
2019	$32,056,934	$32,480,313	$36,032,853	$-423,379
2018	$29,584,712	$27,972,413	$31,269,169	$1,612,299

APICS INC