Professional Services Council Inc

What it reported doing in 2024

The council conducts a broad-based advocacy program to educate and inform members on important issues, public policy and regulatory issues that impact the relationship between the professional and technology service contractors and the government. The council provides various activities to accomplish this objective which include: psc's five councils:1. The acquisition and business policy council develops psc's position and takes action on major procurement, cost cutting and acquisition policy issues.2. The technology council develops psc's positions and takes action on how technology is changing the federal government marketplace and promotes the use of innovation and commercial best practices.3. The council of international development companies is psc's advocacy platform for u.s. Development companies to pursue thought leadership and dialogue with the USAID and other agencies.4. The defense and intelligence council coordinates psc's activities relating to the intelligence community, the military services and other defense commands and components.5. The civilian agencies council focuses on the acquisition policies and strategies of the civilian agencies, including homeland security, veterans' affairs, energy and health.other program highlights include:1. Annual conference attended by over 450 members.2. Defense and intelligence conference attended by over 130 attendees.3. International development conference attended by over 200 attendees.4. Federal acquisition conference attended by over 160 members.5. Tech trends conference (not held this year)6. Federal health conference attended by over 230 members.7. Law enforcement conference attended by over 260 members.8. Leadership summit attended by over 80 members.9. Numerous educational and training events.10. Publication of a daily electronic newsletter.11. Publication of a quarterly magazine.12. Facilitate regularly scheduled committee and task force meetings addressing various aspects of government activity directly affecting the membership.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1.3%; rating input score 29; 29th percentile among comparable filings
• Total-asset coverage ratio: 1.06; rating input score 39; 39th percentile among comparable filings
• Liabilities to assets ratio: 0.66; rating input score 14; 14th percentile among comparable filings
• Officer compensation ratio: 40.8%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
• Asset growth: -0.5% per year; rating input score 0; 11th percentile among comparable filings