PROGRAM ON INTERNATIONAL FINANCIAL… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

HAL S SCOTT

Phone

8572426747

Tax Period

2023-01-01 to 2023-12-31

PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC, founded in 2017, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $2.9M left a modest 4% surplus.

Mission

THE PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS (PIFS) IS A 501(C)(3) ORGANIZATION THAT HOSTS INTERNATIONAL SYMPOSIA, EXECUTIVE EDUCATION PROGRAMS AND SPECIAL EVENTS THAT FOSTER DIALOGUE AND PROMOTE EDUCATION ON ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO SUPPORTS ACADEMIC SCHOLARSHIP ON THESE ISSUES.

Program Service Accomplishments

Program 1

Expenses: $2,114,413 Revenue: $623,770

THE PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS (PIFS) IS A 501(C)(3) ORGANIZATION THAT HOSTS INTERNATIONAL SYMPOSIA, EXECUTIVE EDUCATION PROGRAMS, AND SPECIAL EVENTS THAT FOSTER DIALOGUE AND PROMOTE EDUCATION ON ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO SUPPORTS ACADEMIC SCHOLARSHIP ON THESE ISSUES. IN 2023, PIFS HOSTED THREE SYMPOSIA WITH EUROPE, CHINA, AND JAPAN. EACH EVENT INCLUDED APPROXIMATELY 100 SENIOR POLICYMAKERS, FINANCIAL SECTOR EXECUTIVES, AND PROMINENT ACADEMICS TO FOSTER DIALOGUE ON POLICY ISSUES IMPACTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO HOSTED TWELVE EXECUTIVE EDUCATION PROGRAMS FOR GOVERNMENT OFFICIALS FROM FOREIGN COUNTRIES, THREE OF WHICH WERE PARTNERSHIPS WITH HARVARD LAW SCHOOL EXECUTIVE EDUCATION, AND TWO OF WHICH WERE PARTNERSHIPS WITH THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS (IOSCO). PIFS ALSO HOSTED SPECIAL EVENTS ON DISCRETE POLICY ISSUES, INCLUDING TWO EVENTS CO-HOSTED WITH THE BANK OF JAPAN, AS WELL AS ROUNDTABLES ON CENTRAL BANK DIGITAL CURRENCIES (CBDCS), POLICY ISSUES IN ASSET MANAGEMENT, AND THE FUTURE OF CRYPTOASSETS & INVESTOR PROTECTION.

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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 $2,329,999

Program Service Revenue $623,770

Investment Income $55,601

Other Revenue $8,606

TOTAL REVENUE $3,017,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,760,977

Fundraising Expenses $314,456

Program Expenses $2,114,413

Other Expenses $1,124,674

TOTAL EXPENSES $2,887,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,017,976	$3,512,408	-0.1%
Expenses	$2,887,901	$2,693,968	+0.1%
Net Income	$130,075	$818,440	-0.8%

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

250

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

$808,220

Total Directors

$625,000

Key Employees

$408,951

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAL S SCOTT	PRESIDENT/DIRECTOR	30.00	Officer Director	$625,000	$0	$625,000
DON KANAK	DIRECTOR	0.50	Director	$0	$0	$0
SATORU MURASE	DIRECTOR	0.50	Director	$0	$0	$0
THIERRY PORTE	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN BERGER	DIRECTOR (APPT. 6/13/23)	0.50	Director	$0	$0	$0
JAMES FEBEO	DIRECTOR	0.50	Director	$0	$0	$0
HEATH TARBET	DIRECTOR	0.50	Director	$0	$0	$0
JACQUELINE MCCABE	SECRETARY	20.00	Officer	$77,000	$0	$77,000
CRISTINA LEONE	TREASURER/CFO	25.00	Officer	$97,641	$8,579	$106,220
JOHN A GULLIVER	EXECUTIVE DIRECTOR	30.00	Key Emp	$390,181	$18,770	$408,951
WHITNEY VASEY	DIRECTOR OF EVENTS	40.00	Highest	$177,550	$10,851	$188,401

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	$3,017,976	$2,887,901	$4,034,257	$130,075
2022	$3,512,408	$2,693,968	$3,725,139	$818,440
2021	$1,623,311	$2,044,431	$2,926,831	$-421,120
2020	$2,747,006	$2,595,251	$3,717,116	$151,755
2019	$4,197,433	$2,911,783	$3,565,578	$1,285,650
2018	$2,741,430	$721,481	$2,282,719	$2,019,949

PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC