Puget Sound Community School

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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

1994

Legal Domicile

Principal Officer

Thomas Britton

Phone

2063244350

Tax Period

2024-07-01 to 2025-06-30

Puget Sound Community School, founded in 1994, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 10% surplus.

Mission

Founded in 1994, PSCS is a small, independent middle and high school located in the Chinatown/International District of downtown Seattle. PSCS is committed to co-creating a brave space for community-centered education, critical curriculum, student choice, accountability, and thoughtful collaboration.

Program Service Accomplishments

Program 1

Expenses: $977,365 Revenue: $783,573

The central education purpose of PSCS is to help young people discover themselves as learners within a community context. Students are asked to engage the community to explore critical approaches to traditional academic subjects while focusing on equity, truer history, and thoughtful responsibility toward others. During the 2023-2024 school year, 34 students attended PSCS.

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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 $721,673

Program Service Revenue $788,573

Investment Income $2,234

Other Revenue $-6,527

TOTAL REVENUE $1,505,953

Expense Breakdown

Grants Paid $120,233

Salaries & Benefits $902,219

Fundraising Expenses $199,829

Program Expenses $977,365

Other Expenses $340,208

TOTAL EXPENSES $1,362,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,505,953	$1,008,718	+0.5%
Expenses	$1,362,660	$1,231,126	+0.1%
Net Income	$143,293	$-222,408	-1.6%

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

$332,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Ichien	Director	40.00	Officer	$84,872	$25,939	$110,811
Sieglinde Levery-Nicholas	Director	40.00	Officer	$84,872	$25,937	$110,809
Valerie Diaz Leroy	Director	40.00	Officer	$84,872	$25,937	$110,809
Thomas Britton	President	10.00	Officer Director	$0	$0	$0
Babu Chaterjee	Secretary	10.00	Officer Director	$0	$0	$0
Avery Rosnick	Vice President	10.00	Officer 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
2025	$1,505,953	$1,362,660	$487,356	$143,293
2024	No data	No data	No data	No data
2023	$1,146,326	$1,063,877	$640,519	$82,449
2022	$932,639	$998,788	$565,367	$-66,149
2021	$1,363,238	$1,231,733	$586,154	$131,505
2020	$1,324,210	$1,301,561	$568,270	$22,649
2019	$1,173,402	$1,295,476	$719,962	$-122,074
2018	$1,176,041	$1,140,762	$767,373	$35,279