PUGET SOUND REGIONAL SERVICES

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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

1985

Legal Domicile

Principal Officer

CHAD HIGMAN

Phone

2067725700

Tax Period

2023-01-01 to 2023-12-31

PUGET SOUND REGIONAL SERVICES, founded in 1985, is a mid-sized nonprofit in the Human Services sector that reported $17.3M in total revenue in fiscal year 2023.

Mission

PUGET SOUND REGIONAL SERVICES (PSRS)IS A NON-PROFIT AGENCY WHOSE MISSION IS TO OPERATE A LONG-TERM COMMUNITY BASED SUPPORTED LIVING PROGRAM FOR INDIVIDUALS WHO EXPERIENCE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. PSRS PROVIDES TRAINING AND SUPPORT TO CLIENTS IN THE LEAST RESTRICTIVE ENVIRONMENT POSSIBLE TO INCREASE INDEPENDENCE, CHOICE MAKING, SOCIAL INTEGRATION, AND PERSONAL SAFETY. PSRS FACILITATES POSITIVE RELATIONSHIPS BETWEEN CLIENTS, FAMILIES, GUARDIANS, AND THE COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $15,879,877 Revenue: $17,116,587

PROVIDE COMMUNITY BASED SUPPORTED LIVING SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES ENABLING THEM TO MAINTAIN THEIR LONG-TERM RESIDENCES AND TO PARTICIPATE FULLY IN THEIR COMMUNITIES...

PROVIDE COMMUNITY BASED SUPPORTED LIVING SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES ENABLING THEM TO MAINTAIN THEIR LONG-TERM RESIDENCES AND TO PARTICIPATE FULLY IN THEIR COMMUNITIES. ALL PARTICIPANTS RECEIVE 24-HOUR SUPPORT. PROVIDE ON-GOING TRAINING AND SUPPORT IN DEVELOPING PHYSICAL AND SOCIAL SKILLS TO INCREASE PARTICIPANT'S ABILITIES IN INDEPENDENTLY EXECUTING ACTIVITIES OF DAILY LIVING. 25 OF THE 70 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES ALSO EXPERIENCE DEAFNESS AND/OR BLINDNESS.

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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 $32,105

Program Service Revenue $17,116,587

Investment Income $114,994

Other Revenue $-258

TOTAL REVENUE $17,263,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,436,797

Fundraising Expenses $10,890

Program Expenses $15,879,877

Other Expenses $1,400,533

TOTAL EXPENSES $16,837,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,263,428	$16,915,115	+0.0%
Expenses	$16,837,330	$15,680,987	+0.1%
Net Income	$426,098	$1,234,128	-0.7%

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

323

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

$296,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE BLAIR	TREASURER	1.00	Officer Director	$0	$0	$0
THERESA AHDIEH	SECRETARY	1.00	Officer Director	$0	$0	$0
CONNIE HYMAN	BOARD MEMBERS	1.00	Director	$0	$0	$0
JESSIE CARBARY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHAWN BECK	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE BINIONS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN CONNALLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOELLE BEJARANO	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUZANNE MEZGER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEILA BURKETT-LUCKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE VAN DYKE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD HIGMAN	DIRECTOR	40.00	Officer	$228,850	$12,000	$240,850
GLEN TURNER	DIRECTOR OF FISCAL OPERATI	40.00	Officer	$52,203	$3,010	$55,213
PAUL ANLIKER	DIRECTOR OF SUPPORTED LIVI	40.00	Highest	$148,585	$13,996	$162,581
JEFF COUTURE	DIVISION DIRECTOR	40.00	Highest	$113,065	$7,401	$120,466

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	$17,263,428	$16,837,330	$10,476,112	$426,098
2022	$16,915,115	$15,701,042	$9,978,930	$1,214,073
2021	$14,830,341	$14,679,980	$8,776,682	$150,361
2020	$15,043,679	$14,198,360	$8,690,631	$845,319
2019	$10,817,985	$10,695,142	$6,299,084	$122,843
2018	$10,220,443	$10,135,176	$6,322,939	$85,267