MICRONESIAN LEGAL SERVICES CORPORATION (EIN 986018560) - 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

1972

Legal Domicile

Principal Officer

LEE N PLISCOU

Phone

6703226472

Tax Period

2024-01-01 to 2024-12-31

MICRONESIAN LEGAL SERVICES CORPORATION, founded in 1972, is a community nonprofit in the International Affairs sector that reported $3.6M in total revenue in fiscal year 2024.

Mission

TO INCREASE ACCESS TO JUSTICE AND PROVIDE FREE, HIGH QUALITY CIVIL LEGAL AID TO LOW-INCOME INDIVIDUALS AND FAMILIES IN MICRONESIA

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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 $3,463,308

Program Service Revenue $0

Investment Income $29,053

Other Revenue $69,362

TOTAL REVENUE $3,561,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,032,430

Fundraising Expenses $0

Program Expenses $3,009,287

Other Expenses $789,450

TOTAL EXPENSES $3,821,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,561,723	$3,584,427	0.0%
Expenses	$3,821,880	$3,814,086	+0.0%
Net Income	$-260,157	$-229,659	+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

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

$116,149

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE PLISCOU	EXECUTIVE DIRECTOR	040.00	Officer	$116,149	$0	$116,149
HON MARCELO PETERSON	PRESIDENT OF THE BOARD OF DIRECTORS	N/A	Director	$0	$0	$0
JOSHUA D WALSH	VICE PRESIDENT OF THE BOARD OF DIRECTOR	N/A	Director	$0	$0	$0
LALII CHIN SAKUMA	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT T TORRES	SECRETARY/TREASURER	N/A	Director	$0	$0	$0
SENATOR HARRIS RAIN	BOARD MEMBER	N/A	Director	$0	$0	$0
DELEGATE NACE SOALABLAI	BOARD MEMBER	N/A	Director	$0	$0	$0
N/A	BOARD MEMBER FROM REPUBLIC OF MARSHA	N/A	Director	$0	$0	$0
SENATOR ARTSON S TALLEY	BOARD MEMBER FROM KOSRAE, FSM	N/A	Director	$0	$0	$0
RELLANI BENNETT OGUMORO	BOARD MEMBER	N/A	Director	$0	$0	$0
SENATOR JOHN MAFEL	BOARD MEMBER FROM YAP, FSM	N/A	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	$3,561,723	$3,821,880	$1,578,838	$-260,157
2024	No data	No data	No data	No data
2023	$3,584,427	$3,814,086	$1,795,337	$-229,659
2022	$3,614,222	$3,665,383	$1,661,557	$-51,161

MICRONESIAN LEGAL SERVICES CORPORATION