PUGET SOUND ENGINEERING & SCIENCE SCHOLARSHIP FUND

EIN: 912048970 501(c)(3) Education

Bellingham, WA

Total Revenue
$110,389
Total Expenses
$94,662
Total Assets
$473,131
Net Assets
$473,131
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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
2000
Legal Domicile
WA
Principal Officer
Pamela Chelgren-Koterba
Phone
3606479715
Tax Period
2025-01-01 to 2025-12-31

PUGET SOUND ENGINEERING & SCIENCE SCHOLARSHIP FUND, founded in 2000, is a small nonprofit in the Education sector that reported $110K in total revenue in fiscal year 2025. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $95K left a modest 14% surplus.

Mission

Solicit funds in order to, then grant college scholarships to students pursuing degrees in Science & Engineering

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $71,200
Program Service Revenue $0
Investment Income $39,189
Other Revenue $0
TOTAL REVENUE $110,389

Expense Breakdown

Grants Paid $85,650
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $94,662
Other Expenses $9,012
TOTAL EXPENSES $94,662

Year-over-Year Comparison

2025 2024 Change
Revenue $110,389 $75,259 +0.5%
Expenses $94,662 $82,187 +0.2%
Net Income $15,727 $-6,928 -3.3%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
6
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ralph Graves Board Chairman & Application Reviewer 1.5
Officer Director
$0 $0 $0
Geoffrey Compeau Board President 1.0
Officer Director
$0 $0 $0
James M Rigsby Board Vice President & Application Reviewer 1.5
Officer Director
$0 $0 $0
Richard Beseler Board Secretary 1.5
Officer Director
$0 $0 $0
Pamela Chelgren-Koterba Board Treasurer & Application Reviewer 1.5
Officer Director
$0 $0 $0
John Souza SAME Post Liaison, Web App, Application Review 2.5
Officer Director
$0 $0 $0
John Hickey Board Member & Applic Reviewer 1
Director
$0 $0 $0
Mark Ohlstrom Board Member & Applic Reviewer 1.0
Director
$0 $0 $0
Larry Toimil Board Member & application reviewer 1.0
Director
$0 $0 $0
Caroline Roberts Board Member & Application Reviewer 1.0
Director
$0 $0 $0
Robert Schlesinger Board Member & Application Reviewer 1.0
Director
$0 $0 $0
Allen Wycoff Board Member 0.5
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 $110,389 $94,662 $473,131 $15,727
2024 $75,259 $82,187 $456,834 $-6,928
2023 $82,288 $74,437 $445,215 $7,851
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