Connecticut Society of Certified Public Accountants Inc

EIN: 060762300

Rocky Hill, CT

Total Revenue
$2,444,253
Total Expenses
$2,427,853
Total Assets
$2,725,344
Net Assets
$2,227,242
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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
1908
Legal Domicile
CT
Principal Officer
Bonnie Stewart
Phone
8602584800
Tax Period
2023-04-01 to 2024-03-31

Connecticut Society of Certified Public Accountants Inc, founded in 1908, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

The mission of the CTCPA is to be the professional association in CT that promotes and supports state CPAs through advocacy, community and education.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,200
Program Service Revenue $2,372,899
Investment Income $34,073
Other Revenue $34,081
TOTAL REVENUE $2,444,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,036,941
Fundraising Expenses $0
Other Expenses $1,390,912
TOTAL EXPENSES $2,427,853

Year-over-Year Comparison

2023 2022 Change
Revenue $2,444,253 $2,775,889 -0.1%
Expenses $2,427,853 $2,449,270 0.0%
Net Income $16,400 $326,619 -0.9%
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

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Governance

Voting Members
6
Independent Members
6
Employees
14
Volunteers
1090

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
5
$258,380
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy Hedley Chair 1.00
Officer Director
$0 $0 $0
Kevin Lawlor Chair-elect 1.00
Officer Director
$0 $0 $0
Mary Manfredi Treasurer 1.00
Officer Director
$0 $0 $0
Muhammad Malloy Secretary 1.00
Officer Director
$0 $0 $0
Amber Moore Advisory Council Chair 1.00
Director
$0 $0 $0
Christopher King Member-at-Large 1.00
Director
$0 $0 $0
Kariann McDougall Member-at-Large 1.00
Director
$0 $0 $0
Rachel Tressy Member-at-Large 1.00
Director
$0 $0 $0
Karen Zeilnhofer Member-at-Large 1.00
Director
$0 $0 $0
Bonnie Stewart CEO/Exec Director 37.50
Officer
$229,758 $28,622 $258,380
Lisa Bugryn CPE Director 37.50
Highest
$102,399 $6,153 $108,552
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
2025 No data No data No data No data
2024 $2,444,253 $2,427,853 $2,725,344 $16,400
2023 $2,775,889 $2,449,270 $2,670,383 $326,619
2022 $2,630,132 $2,407,433 $2,522,074 $222,699
2021 $2,603,705 $2,162,723 $2,254,803 $440,982
2020 $2,942,083 $2,923,031 $1,395,555 $19,052
2019 $3,038,923 $2,937,831 $1,465,797 $101,092
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