Peterson Solutions Fund

Nonprofit profile at a glance

EIN
882743235
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
6466809799
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$5,132,155
Expenses
$7,586,741
Assets
$429,062,010
Liabilities
$659,469

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MICHAEL A PETERSON (CHAIRMAN & CEO)
  • BRETT LOPER (EXECUTIVE DIRECTOR)
  • MYRA SUNG (VICE PRESIDENT, PROGRAMS, PGPF)
  • MAIRIN MANCINO (VICE PRESIDENT, POLICY, PCH)

Highest reported compensation

  • BRETT LOPER (EXECUTIVE DIRECTOR): $715,561 total reported compensation
  • LAURA GORDON (SR VP, COMM & PUBLIC AFFAIRS, PGPF): $399,729 total reported compensation
  • LORETTA UCELLI (EVP - STRATEGY & COMM, PGPF): $365,562 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule opeterson solutions fund is a nonpartisan organization that promotes social welfare and advocates for fact-based solutions to improve the policymaking process, stabilize america's fiscal outlook, achieve better healthcare outcomes at lower cost, and strengthen the pillars of our democracy to support a thriving economy for the next generation.

What it reported doing in 2024

Peterson solutions fund engages in a range of nonpartisan advocacy and outreach initiatives to strengthen the economic and democratic foundations of the united states. The fund advocates for substantive, fact-based solutions and actions at the federal and state level that improve the policymaking process, economy and everyday life of americans. The fund's grant-making, partnerships, research, and other programmatic activities aim to stabilize america's fiscal outlook, improve the performance of our healthcare system and strengthen the pillars of our democracy, to support a growing, thriving economy over the long term.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 73
  • Accountability: 86
  • Sustainability: 43
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -47.8%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 56.55; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 15.1%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 68.1% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 55% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: -0.4% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89% of spending went to programs
  • Governance: 1 of 1 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.8M in reported program spending
  • Leadership: top reported pay $716K · 8 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $369K reported
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 filed money-flow records
  • Related organizations: 12 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 19/100.