PRESSURE SENSITIVE TAPE COUNCIL

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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

1953

Legal Domicile

Principal Officer

MICHELLE MILLER

Phone

8476862250

Tax Period

2023-01-01 to 2023-12-31

PRESSURE SENSITIVE TAPE COUNCIL, founded in 1953, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 12% surplus.

Mission

THE MISSION OF THE PRESSURE SENSITIVE TAPE COUNCIL IS TO BE THE VOICE OF NORTH AMERICAN TAPE MANUFACTURERS WITHIN THE GLOBAL INDUSTRY. THE MISSION IS ACCOMPLISHED BY PROMOTING HARMONIZED GLOBAL TEST METHODS FOR QUALITY ASSURANCE, BY PROACTIVELY INFLUENCING RELEVANT LEGISLATIVE, REGULATORY, SUPPLY CHAIN AND ENVIRONMENTAL ISSUES AND BY PROVIDING AND SHARING INFORMATION ABOUT THE TAPE INDUSTRY THROUGH PUBLICATIONS, TECHNICAL AND EDUCATIONAL SEMINARS.

Program Service Accomplishments

Program 1

TECHNICAL SEMINAR/TAPE SUMMIT: EACH YEAR, PSTC REVIEWS NUMEROUS PAPERS ON THE LATEST SCIENTIFIC AND MANUFACTURING DEVELOPMENTS IN THE PRESSURE SENSITIVE ADHESIVE TAPE INDUSTRY. THOSE THAT MEET ITS...

TECHNICAL SEMINAR/TAPE SUMMIT: EACH YEAR, PSTC REVIEWS NUMEROUS PAPERS ON THE LATEST SCIENTIFIC AND MANUFACTURING DEVELOPMENTS IN THE PRESSURE SENSITIVE ADHESIVE TAPE INDUSTRY. THOSE THAT MEET ITS QUALITY STANDARDS ARE SELECTED FOR PRESENTATION AT THE ANNUAL TECHNICAL SEMINAR/TAPE SUMMIT AND PRINTED IN THE PROCEEDINGS.

Program 2

TAPE UNIVERSITY: PSTC PRODUCES TRADITIONAL 2 LEVEL PSA TAPE TRAINING CLASSES AVERAGING ABOUT 30-40 ATTENDEES PER CLASS.

Program 3

ANNUAL MEETING: A FIVE DAY PROGRAM CONSISTING OF TWO DAYS OF TAPE TRAINING CLASSES FOLLOWED BY A THREE DAY TECHNICAL SEMINAR. THE SEMINAR HAS BECOME A GLOBAL INDUSTRY PLATFORM TO EXCHANGE TECHNICAL PAPERS, DISCUSSING ADVANCES IN THE TECHNOLOGY OF PSA TAPES. THE SEMINAR HOSTS ABOUT 25 TECHNICAL PAPERS, A POSTER SESSION AND A SMALL 3 HOUR LUNCH WITH EXHIBITORS. ATTENDANCE AVERAGES ABOUT 350 WITH 50 EXHIBIT BOOTHS.

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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 $25,700

Program Service Revenue $1,138,964

Investment Income $25,396

Other Revenue $3,952

TOTAL REVENUE $1,194,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,047,725

TOTAL EXPENSES $1,047,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,194,012	$1,137,774	+0.0%
Expenses	$1,047,725	$987,786	+0.1%
Net Income	$146,287	$149,988	0.0%

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

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
JOE TOCCI	PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN HIRSH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ED LAFORGE	TREASURER	1.00	Officer Director	$0	$0	$0
MICHEL MERKX	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
NICK ODOMIROK	DIRECTOR	1.00	Director	$0	$0	$0
TROY ASBERRY JR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PARKS	DIRECTOR	1.00	Director	$0	$0	$0
CHAD CARNEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MILLER	EXECUTIVE VICE PRESIDENT	40.00	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	$1,194,012	$1,047,725	$1,084,232	$146,287
2022	$1,137,774	$987,786	$788,765	$149,988
2021	$552,822	$681,600	$821,090	$-128,778
2020	$521,701	$721,148	$856,299	$-199,447
2019	$1,124,761	$1,221,288	$992,470	$-96,527
2018	$1,215,001	$1,195,973	$1,394,525	$19,028