PUGET SOUND MYCOLOGICAL SOCIETY

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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

1964

Legal Domicile

Principal Officer

Colin Meyer

Tax Period

2024-01-01 to 2024-12-31

PUGET SOUND MYCOLOGICAL SOCIETY, founded in 1964, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. The organization ran a surplus of $43K, a strong 25% operating margin.

Mission

To foster the understanding and appreciation of Mycology as a hobby and a science, and to assist related institutions in these purposes. We represent a variety of interests in fungi: the culinary, the weekend naturalists, the serious amateur, and the professional mycologist.

Program Service Accomplishments

Program 1

Expenses: $21,243 Revenue: $20,575

PSMS offers a number of classes: 1) Introduction to Mushrooms and Mushroom Hunting 101: The class covers a wide range of topics on ecology, terminology, basics of identifying, edible and toxic...

PSMS offers a number of classes: 1) Introduction to Mushrooms and Mushroom Hunting 101: The class covers a wide range of topics on ecology, terminology, basics of identifying, edible and toxic mushrooms, poisoning syndromes, hunting, cooking and cultivation. 2) Mushrooms 102: Poison & Edibles, 3) Dyeing Fabrics with Mushrooms, 4) Cultivation, 5) Mycophagy, and 6) Navigation Skills.

Program 2

Expenses: $20,364

Fungal DNA Sequencing Citizen Science Project: Identification of interesting collections from the Pacific Northwest

Program 3

Expenses: $20,303 Revenue: $21,671

Ben Woo Memorial Foray: A members only weekend educational session with speakers, classes and field trips exploring the forests, collecting and discussing the numerous species collected. Classes...

Ben Woo Memorial Foray: A members only weekend educational session with speakers, classes and field trips exploring the forests, collecting and discussing the numerous species collected. Classes offered cover basic identification, dying with mushrooms, cooking, the role of fungi in various habitat, etc.

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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 (2024)

Revenue Breakdown

Contributions & Grants $53,136

Program Service Revenue $77,736

Investment Income $31,475

Other Revenue $6,434

TOTAL REVENUE $168,781

Expense Breakdown

Grants Paid $5,390

Salaries & Benefits $925

Fundraising Expenses $110

Program Expenses $111,725

Other Expenses $119,528

TOTAL EXPENSES $125,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,781	$163,588	+0.0%
Expenses	$125,843	$99,497	+0.3%
Net Income	$42,938	$64,091	-0.3%

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

N/A

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

Total Directors

$925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wren Hudgins	Trustee	5.00	Director	$925	$0	$925
Colin Meyer	President	5.00	Officer Director	$0	$0	$0
Scott Maxwell	Vice President Until 0324	5.00	Officer Director	$0	$0	$0
Brenda Fong	Treasurer Until 0324	9.00	Officer Director	$0	$0	$0
Marcus Sarracino	Trustee Until 0324	2.00	Director	$0	$0	$0
Carolina Kohler	Secretary	3.00	Officer Director	$0	$0	$0
Joe Zapotosky	Vice President From 424	8.00	Officer Director	$0	$0	$0
Marian Maxwell	Trustee Until 0324	4.00	Director	$0	$0	$0
Anne Polyakov	Trustee Until 0324	1.00	Director	$0	$0	$0
Kelsey Hudson	Trustee	2.50	Director	$0	$0	$0
Marion Richards	Trustee	2.00	Director	$0	$0	$0
Sandra Ruffner	Trustee	2.50	Director	$0	$0	$0
Pei Pei Sung	Trustee	2.00	Director	$0	$0	$0
Peg Rutchik	Trustee	2.00	Director	$0	$0	$0
Steve Trudell	Scientific Advisor	1.00	Director	$0	$0	$0
Cynthia Brewster	Treasurer From 424	10.00	Officer Director	$0	$0	$0
Tara Henry	Trustee From 424	2.00	Director	$0	$0	$0
Megan Brewster	Trustee From 424	1.00	Director	$0	$0	$0
Amy Foster	Trustee From 424	2.00	Director	$0	$0	$0
Andy Iwata	Trustee From 424	2.00	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	$168,781	$125,843	$621,131	$42,938
2023	$163,588	$99,497	$551,290	$64,091
2021	$102,655	$84,115	$427,603	$18,540