Puget Sound Mycological Society
Nonprofit profile at a glance
- EIN
- 910783118
- IRS 990 coverage
- 2021–2025
- Forms available
- Form 990 2025, Form 990-EZ 2022
- Location
- Seattle, WA, USA
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $165,902
- Expenses
- $154,471
- Assets
- $652,396
- Liabilities
- $310
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- Colin Meyer (President Until 32025)
- Joe Zapotosky (Vice President)
- Kelsey Hudson (President)
Highest reported compensation
- Marion Richards (Trustee): $800 total reported compensation
- Wren Hudgins (Trustee Until 32025): $625 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o...
What it reported doing in 2025
All other programs. Monthly meetings: Meetings are held in-person and virtually, with speakers of mycology. Meetings are open to members and the general public. Fungal DNA Sequencing Citizen Science Project: Identification of interesting collections from the Pacific Northwest. Field trips: offered in the Spring and Fall, for members to explore the forest, collect and identify mushrooms, and discuss findings. Ben Woo Scholarship program: provides financial support for research and education regarding fungi in the Pacific Northwest. K-12 Grants: supports the study of fungi in K12 classrooms in Washington State. PSMS helps teachers efforts to promote and further their students understanding of fungi and their importance in our lives.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - 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: 96
- Transparency & Controls: 99
- Accountability: 70
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.8%; rating input score 89
- Fundraising efficiency: $570.58 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 97.3%; rating input score 97; 59th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.9%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 4.22; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 15.7% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.8% of spending went to programs
- Governance: 14 of 14 board members independent · 2 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $137K in reported program spending
- Leadership: top reported pay $800 · 20 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 4 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Accountability: Governance controls: 4 of 6 not reported.
- Review — Sustainability: Operating margin scored 51/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.