PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC

EIN: 822586755 501(c)(3) Education

CAMBRIDGE, MA

Total Revenue
$3,017,976
Total Expenses
$2,887,901
Total Assets
$4,034,257
Net Assets
$3,703,918
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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
DE
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 AFFECTING THE GLOBAL FINANCIAL SYSTEM. PIFS ALSO SUPPORTS ACADEMIC SCHOLARSHIP ON THESE ISSUES.

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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 $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

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Governance

Voting Members
7
Independent Members
6
Employees
11
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
3
$808,220
Total Directors
7
$625,000
Key Employees
1
$408,951
Highest Compensated
1
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
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