POLYMERS CENTER OF EXCELLENCE INC

EIN: 562126490 Community Improvement

CHARLOTTE, NC

Total Revenue
$2,075,002
Total Expenses
$2,128,554
Total Assets
$4,474,882
Net Assets
$3,133,018
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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
1998
Legal Domicile
NC
Principal Officer
PHILIP S SHOEMAKER
Phone
7046024100
Tax Period
2023-07-01 to 2024-06-30

POLYMERS CENTER OF EXCELLENCE INC, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE CONTINUING EDUCATION AND TECHNICAL SUPPORT TO PLASTICS PROCESSING INDUSTRY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $499,744
Program Service Revenue $1,575,258
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,075,002

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,013,270
Fundraising Expenses $0
Other Expenses $1,115,284
TOTAL EXPENSES $2,128,554

Year-over-Year Comparison

2023 2022 Change
Revenue $2,075,002 $2,270,594 -0.1%
Expenses $2,128,554 $1,967,705 +0.1%
Net Income $-53,552 $302,889 -1.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
10
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
4
$180,790
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
H L REESE BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL MINTZ VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JEFF RAQUET BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY EDGE BOARD MEMBER 1.00
Director
$0 $0 $0
BILL MURPHY BOARD MEMBER 1.00
Officer Director
$0 $0 $0
TERRY PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARK DRAHEIM BOARD MEMBER 1.00
Director
$0 $0 $0
LILIAN HSIAO BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN AMMONDSON BOARD MEMBER 1.00
Officer Director
$0 $0 $0
SCOTT CHAMBERS CHAIRMAN 1.00
Director
$0 $0 $0
JIM HARTMAN BOARD MEMBER 1.00
Director
$0 $0 $0
GRETCHEN CARSON BOARD MEMBER 1.00
Director
$0 $0 $0
WALT BASSETT BOARD MEMBER 1.00
Director
$0 $0 $0
MONIKA GNEUSS SECRETARY 1.00
Director
$0 $0 $0
STEVEN NORTH BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL SHOEMAKER EXECUTIVE DIRECTOR 40.00
Officer
$180,790 $0 $180,790
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
2025 No data No data No data No data
2024 $2,075,002 $2,128,554 $4,474,882 $-53,552
2023 $2,270,594 $1,967,705 $4,634,201 $302,889
2022 $2,072,537 $2,001,525 $4,335,304 $71,012
2021 $1,850,498 $1,489,082 $4,483,368 $361,416
2020 $1,641,304 $1,570,929 $4,183,542 $70,375
2019 $1,561,798 $1,593,407 $4,096,788 $-31,609
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