PUGET SOUND LABOR AGENCY AFL-CIO (EIN 910927902) - Form 990 Financial Analysis & Trantor Score

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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

1975

Legal Domicile

Principal Officer

Samuel Sim

Phone

2064489277

Tax Period

2023-01-01 to 2023-12-31

PUGET SOUND LABOR AGENCY AFL-CIO, founded in 1975, is a small nonprofit that reported $417K in total revenue in fiscal year 2023.

Mission

COMMUNITY AND SOCIAL SERVICES. THE PUGET SOUND LABOR AGENCY'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE NEEDING ASSISTANCE AND TO PROVIDE AN AVENUE FOR UNIONS AND THEIR FAMILIES TO HELP.

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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 $417,171

Program Service Revenue $0

Investment Income $99

Other Revenue $0

TOTAL REVENUE $417,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,592

Fundraising Expenses $12,737

Program Expenses $382,143

Other Expenses $171,010

TOTAL EXPENSES $424,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,270	$406,943	+0.0%
Expenses	$424,602	$404,823	+0.0%
Net Income	$-7,332	$2,120	-4.5%

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

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

$100,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Samuel Sim	Executive Director	80	Director	$100,802	$0	$100,802
Karen White	PRESIDENT	0	Director	$0	$0	$0
SWEN LARSON	VP ADMINISTRATION	15	Director	$0	$0	$0
CHERYL TAYLOR	VP FUNDRAISING	0	Director	$0	$0	$0
Susan Palmer	BOARD MEMBER	0	Director	$0	$0	$0
Michael Williams	Board Member	0	Director	$0	$0	$0
Tony Kimbrough	Board Member	0	Director	$0	$0	$0
Todd Mitchell	Board Member	0	Director	$0	$0	$0
Patrick Brady	BoardMember	0	Director	$0	$0	$0
Frank Gulielmo	Board Member	0	Director	$0	$0	$0
Ian Bogardus	Board Member	0	Director	$0	$0	$0
Stanton Bonnell	Board Member	0	Director	$0	$0	$0
LISA BOGARDUS	SECRETARY	0	Officer	$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	No data	No data	No data	No data
2023	$417,270	$424,602	$244,656	$-7,332
2022	$406,943	$404,823	$214,319	$2,120
2021	$422,868	$348,793	$221,831	$74,075
2019	$192,028	$231,761	$99,095	$-39,733
2018	$248,472	$243,271	$137,248	$5,201

PUGET SOUND LABOR AGENCY AFL-CIO