POLYMERS CENTER OF EXCELLENCE INC

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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

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

Program Service Accomplishments

Program 1

POLYMERS CENTER OF EXCELLENCE INC PROVIDES TRAINING PROGRAMS IN BOTH EXTRUSION AND INJECTION MOLDING AT POLYMERS CENTER OF EXCELLENCE'S FACILITIES AS WELL AS THE CUSTOMER'S PLANT SITES AND AT...

POLYMERS CENTER OF EXCELLENCE INC PROVIDES TRAINING PROGRAMS IN BOTH EXTRUSION AND INJECTION MOLDING AT POLYMERS CENTER OF EXCELLENCE'S FACILITIES AS WELL AS THE CUSTOMER'S PLANT SITES AND AT COMMUNITY COLLEGES. THE TOTAL NUMBER OF STUDENTS IS APPROXIMATELY SIX HUNDRED A YEAR.

Program 2

POLYMERS CENTER OF EXCELLENCE PROVIDES TECHNICAL SUPPORT FOR THE POLYMERS INDUSTRY UTILIZING PHONE, EMAIL, AND ON-SITE CALLS. TOTAL NUMBER OF PARTICIPANTS SERVICED IN A YEAR IS APPROXIMATELY 200.

Program 3

POLYMERS CENTER OF EXCELLENCE PROVIDES MOLDING AND ANALYTICAL SUPPORT FOR THE POLYMERS INDUSTRY THROUGH ITS LAB SERVICES AND INJECTION MOLDING FACILITY. ANALYTICAL SUPPORT INCLUDES BASIC ANALYSIS OF THE POLYMER, FLOW PROPERTIES, ADDITIVE IDENTIFICATION AND PHYSICAL PROPERTIES. TOTAL NUMBER OF PARTICPANTS IS APPROXIMATELY 150.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$180,790

Total Directors

Key Employees

Highest Compensated

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