PROJECT MANAGEMENT INSTITUTE - LOS… - 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

2000

Legal Domicile

Principal Officer

DAVID DOAN

Phone

2135376452

Tax Period

2024-01-01 to 2024-12-31

PROJECT MANAGEMENT INSTITUTE - LOS ANGELES CHAPTER INC, founded in 2000, is a small nonprofit that reported $129K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $171K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUAL GROWTH IN PROJECT MANAGEMENT AND INCREASE CORPORATE AWARENESS OF PROJECT MANAGEMENT PROFESSION. PMI-LA WILL BE RECOGNIZED AS A PREMIER PMI CHAPTER FOR THE ADVANCEMENT OF PROJECT MANAGEMENT AND A BENCHMARK FOR OTHER PMI CHAPTERS.

Program Service Accomplishments

Program 1

Expenses: $156,252 Revenue: $119,049

PMI IS THE LEADING GLOBAL ASSOCIATION FOR THE PROJECT MANAGEMENT PROFESSION. PMI SETS INDUSTRY STANDARDS, CONDUCTS RESEARCH AND PROVIDES EDUCATION, CERTIFICATION, AND PROFESSIONAL EXCHANGE...

PMI IS THE LEADING GLOBAL ASSOCIATION FOR THE PROJECT MANAGEMENT PROFESSION. PMI SETS INDUSTRY STANDARDS, CONDUCTS RESEARCH AND PROVIDES EDUCATION, CERTIFICATION, AND PROFESSIONAL EXCHANGE OPPORTUNITIES DESIGNED TO STRENGTHEN AND FURTHER ESTABLISH THE PROFESSION. PMI ADVANCES THE CAREERS OF PRACTITIONERS, WHILE ENHANCING OVERALL BUSINESS AND GOVERNMENT PERFORMANCE, THROUGH DOCUMENTATION OF RETURN ON INVESTMENT. PMI HAS MORE THAN 600,000 MEMBERS AND OVER 900,000 PMPS (PROJECT MANAGEMENT PROFESSIONAL CERTIFICATION) IN OVER 208 COUNTRIES. WITHIN LOS ANGELES, THERE ARE OVER 2,000 PMI CHAPTER MEMBERS.

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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 $119,049

Investment Income $7,797

Other Revenue $2,633

TOTAL REVENUE $129,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,252

Other Expenses $171,142

TOTAL EXPENSES $171,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,479	$99,189	+0.3%
Expenses	$171,142	$75,435	+1.3%
Net Income	$-41,663	$23,754	-2.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBY COVEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
DAVID DOAN	VP OPERATIONS / PRESIDENT ELECT	10.00	Officer Director	$0	$0	$0
MEETA AUTREY	VP FINANCE	10.00	Officer Director	$0	$0	$0
DANIELLE BENSON	VP MEMBERSHIP	2.00	Officer Director	$0	$0	$0
JAMES JACKSON	VP TECHNOLOGY	8.00	Officer Director	$0	$0	$0
PHOEBE JOHNSON	VP PROGRAMS	3.00	Officer Director	$0	$0	$0
SEAN KENNEDY	VP PMO & ADMINISTRATION	5.00	Officer Director	$0	$0	$0
VICK MADENIAN	VP CAREER DEVELOPMENT	8.00	Officer Director	$0	$0	$0
ROSE OTOWO	VP MARKETING & COMMUNICATIONS	1.00	Officer Director	$0	$0	$0
SVETLANA AVERBUKH	IMMEDIATE PAST PRESIDENT	3.00	Director	$0	$0	$0
BARB COOKE	DIRECTOR	12.00	Director	$0	$0	$0
IDA HARDING	DIRECTOR	1.00	Director	$0	$0	$0
AJ JAFARI	DIRECTOR	2.00	Director	$0	$0	$0
KAY RATHFELDER	DIRECTOR	1.00	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
2024	$129,479	$171,142	$490,741	$-41,663
2023	$99,189	$75,435	$532,404	$23,754
2022	$70,463	$45,193	$508,650	$25,270

PROJECT MANAGEMENT INSTITUTE - LOS ANGELES CHAPTER INC