Pacific Sound Resources Environmen… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

Daniel J Silver

Phone

3607549343

Tax Period

2024-01-01 to 2024-12-31

Pacific Sound Resources Environmental Trust, founded in 1993, is a small nonprofit in the Environment sector that reported $316K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $264K, a strong 83% operating margin.

Mission

THE TRUST WAS CREATED BY THE AUG 29, 1994 ORDER OF THE U.S. DISTRICT COURT OF WESTERN WASHINGTON IN SEATTLE TO FACILITATE THE LIQUIDATION OF PACIFIC SOUND RESOURCES, INC. FOR THE EXCLUSIVE USE OF THE U.S. ENVIRONMENTAL PROTECTION AGENCY, THE MUCKLESHOOT INDIAN TRIBE, AND THE SQUAMISH INDIAN TRIBE.

Program Service Accomplishments

Program 1

Expenses: $921

THE TRUST CONTINUES IN ITS LIQUIDATION OF PACIFIC SOUND RESOURCES, INC IN ACCORDANCE WITH UNITED STATES DISTRICT COURT AND UNITED STATES ENVIRONMENTAL PROTECTION AGENCY DECREES.

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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 $0

Program Service Revenue $0

Investment Income $315,641

Other Revenue $0

TOTAL REVENUE $315,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,842

Fundraising Expenses $0

Program Expenses $921

Other Expenses $50,293

TOTAL EXPENSES $52,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,641	$336,662	-0.1%
Expenses	$52,135	$47,214	+0.1%
Net Income	$263,506	$289,448	-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

N/A

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

Total Directors

$1,842

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Silver	Trustee	2.0	Director	$1,842	$0	$1,842

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	$315,641	$52,135	$6,389,186	$263,506
2023	$336,662	$47,214	$5,912,120	$289,448
2022	$107,690	$44,745	$5,332,113	$62,945
2021	$385,043	$49,987	$6,141,712	$335,056
2020	$-96,751	$42,255	$5,498,940	$-139,006
2019	$87,433	$41,948	$5,390,740	$45,485
2018	$625,475	$46,786	$4,810,246	$578,689

Pacific Sound Resources Environmental Trust