Puget Sound OIC dba Puget Sound Training Center (EIN 912036279) - 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

1999

Legal Domicile

Phone

4256565950

Tax Period

2022-07-01 to 2023-06-30

Puget Sound OIC dba Puget Sound Training Center, founded in 1999, is a small nonprofit in the Human Services sector that reported $716K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $132K, a strong 18% operating margin.

Mission

The Mission of Puget Sound Training Center is to provide customized skills training opportunities for the low income individuals in the Puget Sound Region, and to develop and provide employment opportunities at a

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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 (2022)

Revenue Breakdown

Contributions & Grants $709,265

Program Service Revenue $5,945

Investment Income $0

Other Revenue $1,193

TOTAL REVENUE $716,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,220

Fundraising Expenses $0

Program Expenses $486,975

Other Expenses $141,237

TOTAL EXPENSES $584,457

Year-over-Year Comparison

	2022	2021	Change
Revenue	$716,403	$605,945	+0.2%
Expenses	$584,457	$459,801	+0.3%
Net Income	$131,946	$146,144	-0.1%

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

$140,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Newton	Board Chair	2.00	Officer Director	$0	$0	$0
Samantha Nelson	Secretary	1.00	Officer Director	$0	$0	$0
Peter Gunter	Board Member	0.50	Director	$0	$0	$0
Joseph P Drake	CEO	40.00	Officer Highest	$125,863	$0	$125,863
Gloria Barber	Member	0.50	Director	$0	$0	$0
Lidia Escoto	Finance Manager	10.00	Officer	$14,800	$0	$14,800
Heidi Odom	Member	0.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$716,403	$584,457	$412,346	$131,946
2022	$605,945	$459,801	$305,482	$146,144
2021	$600,676	$508,723	$172,745	$91,953
2020	$740,372	$593,445	$140,940	$146,927
2019	$464,364	$601,945	$101,050	$-137,581
2018	$635,168	$626,991	$146,948	$8,177

Puget Sound OIC dba Puget Sound Training Center