PHILOSOPHY OF SCIENCE ASSOCIATION (EIN 510141683) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

Max Cormendy

Phone

5132885823

Tax Period

2024-01-01 to 2024-12-31

PHILOSOPHY OF SCIENCE ASSOCIATION, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $421K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $378K left a modest 10% surplus.

Mission

The Philosophy of Science Association (Inc.) promotes research, teaching and free discussion of issues in the philosophy of science from diverse standpoints.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,018

Program Service Revenue $191,467

Investment Income $21,069

Other Revenue $179,912

TOTAL REVENUE $421,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,949

Fundraising Expenses $12,914

Program Expenses $341,723

Other Expenses $292,581

TOTAL EXPENSES $377,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,466	$236,533	+0.8%
Expenses	$377,530	$166,191	+1.3%
Net Income	$43,936	$70,342	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

200

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

$49,452

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Max Cormendy	Executive Director (non-voting)	40	Officer	$49,452	$0	$49,452
Craig Callender	President	5	Officer Director	$0	$0	$0
Alan Love	President Elect	5	Officer Director	$0	$0	$0
Michela Massimi	Past President	5	Officer Director	$0	$0	$0
Chris Haufe	Secretary (non-voting)	1	Officer Director	$0	$0	$0
Kevin Zollman	Treasurer (non-voting)	5	Officer Director	$0	$0	$0
Mazviita Chirimuuta	Trustee	1	Director	$0	$0	$0
Mathias Frisch	Trustee	1	Director	$0	$0	$0
Kerry McKenzie	Trustee	1	Director	$0	$0	$0
Lydia Patton	Trustee	1	Director	$0	$0	$0
Stephanie Ruphy	Trustee	1	Director	$0	$0	$0
Jacqueline Sullivan	Trustee	1	Director	$0	$0	$0
John Tsou	Trustee	1	Director	$0	$0	$0
Jim Weatherall	Trustee	1	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
2024	$421,466	$377,530	$654,555	$43,936
2023	$236,533	$166,191	$601,965	$70,342
2022	$429,471	$329,490	$635,128	$99,981
2021	$225,060	$265,130	$429,404	$-40,070
2020	$238,421	$191,115	$466,329	$47,306

PHILOSOPHY OF SCIENCE ASSOCIATION