Puget Sound OIC dba Puget Sound Training Center

EIN: 912036279 501(c)(3) Human Services

Renton, WA

Total Revenue
$716,403
Total Expenses
$584,457
Total Assets
$412,346
Net Assets
$367,408
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
WA
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

Program Service Accomplishments

Program 1
Expenses: $219,138 Revenue: $0

Limited English Proficiency (LEP Program) The program is funded through the Office of Refugee and Immigrant Assistance, provides newly arrived refugees and immigrants with career planning...

Read more

Limited English Proficiency (LEP Program) The program is funded through the Office of Refugee and Immigrant Assistance, provides newly arrived refugees and immigrants with career planning, comprehensive case management, cultural navigation, financial literacy, sustainable job placement and long-term job retention support for participants and employers. In fiscal year 2023, a total of 297 immigrants and refugees moved towards financial stability through culturally competent employment and customized job training and and 70% maintained their employment for over 90 days.

Program 2
Expenses: $122,392 Revenue: $0

The Basic Food Employment & Training (BFET Program) provides employment and training assistance to low-income individuals receiving food benefits. The program provides on-going support to help...

Read more

The Basic Food Employment & Training (BFET Program) provides employment and training assistance to low-income individuals receiving food benefits. The program provides on-going support to help individuals find sustainable career opportunities, including wage progression assistance and access to credentials and training opportunities in the community. In the federal fiscal year of 2022 a total of 63 low-income individuals benefited from employment support, job coaching and training.

Program 3
Expenses: $48,871 Revenue: $0

The Digital Navigator Program provides one-on-one digital navigation services to participants which helps guide them on how to use digital devices, such as laptops, and assist participants in...

Read more

The Digital Navigator Program provides one-on-one digital navigation services to participants which helps guide them on how to use digital devices, such as laptops, and assist participants in registering for ESL classes, applying for food assistance or any other type of economic relief resources. As well as one-on-one, this program also provided digital skills training to participants to learn how to navigate the internet and use Microsoft programs, in a classroom setting. In the federal fiscal year of 2022, 131 individuals benefited from our digital navigator program and more than 1,000 hours were spent with the participants in assisting them with digital literacy.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
9
Volunteers
5

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
4
$140,663
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
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
Explore More Nonprofits
Top 100 Nonprofits in Washington Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Puget Sound OIC dba Puget Sound Training Center with other nonprofits in Washington and across the country.