Puget Sound Advocates for Retirement Action
Nonprofit profile at a glance
- EIN
- 911535609
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Seattle, WA, USA
- Phone
- 2062618110
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Seniors' Rights
Reported finances
- Revenue
- $87,728
- Expenses
- $89,394
- Assets
- $140,595
- Liabilities
- $501
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- Mike Andrew (Executive Director)
- Karen Richter (Co-President)
- Jeff Johnson (Co-President)
People named in this filing
- Mike Andrew (Executive Director)
- Karen Richter (Co-President)
- Jeff Johnson (Co-President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
PSARA is a grassroots organization whose purpose is to educate retirees, those approaching retirement age, their families and community about issues important to retirees and how to use their democratic rights to achieve justice, equal rights and dignity for retired workers, their families and all Americans. PSARA's education programs include preservation of pensions, long term care, affordable health care, access to affordable housing, transportation and other services.
What it reported doing in 2024
Worked with allies to pass state legislation that: (1) bans excessive billing for ambulance services, (2) strengthens the WA Cares long-term care program by allowing benefits for people who move out of state and prohibiting discrimination, (3) ensures people can use paid sick leave to care for an expansive range of family members, (4) speeds access to Paid Family and Medical Leave benefits, (5) extends protections of the Equal Pay and Opportunity Act and (6) protects grocery workers following corporate mergers. Developed a Legislative Agenda and a dedicated section on our PSARA.org website focused on our legislative work and educating our members. Held a Legislative Conference and conducted training on how to successfully advocate with state legislators. We held a virtual lobby day with 30 PSARA members across the state and their legislators. Supported more than 40 bills by contacting legislators and signing in to support bills as an organization and coordinating with members to do the same. Shared information about state-wide ballot initiatives at community events and hosting a webinar. Members also participated in several rallies on the capitol steps and provided oral and written testimony in some cases.
Operating model
- Revenue model
- Donor-supported. 66% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 100
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.2%; rating input score 80
- Program expense ratio: 78.7%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -1.9%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 1.57; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 57.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 12.3% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: -0.4% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 80.2% of revenue deployed · 78.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $70K in reported program spending
- Leadership: top reported pay $0 · 31 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.