TEACHERS OF ACCOUNTING AT TWO-YEAR… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

LORI HATCHELL

Phone

9703396215

Tax Period

2024-01-01 to 2024-12-31

TEACHERS OF ACCOUNTING AT TWO-YEAR COLLEGES (TACTYC), founded in 1994, is a small nonprofit in the Education sector that reported $223K in total revenue in fiscal year 2024. Expenses of $264K exceeded revenue, resulting in a 18% operating deficit.

Mission

PRIMARY OBJECTIVE IS THE ADVANCEMENT OF ACCOUNTING EDUCATION, EMPHASING THE DEVELOPMENT OF CREATIVE AND INNOVATIVE TEACHING AND CURRICULUM. TACTYC WAS ORGANIZED TO ENCOURAGE NETWORKING ON ISSUES OF SIGNIFICANCE TO ACCOUNTING EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $230,462

ANNUAL CONFERENCE FOR PROFESSIONAL GROWTH, DEVELOPMENT, AND SHARING AMONG EDUCATORS HELD IN VARIOUS CITIES

Program 2

Expenses: $2,000

SCHOLARSHIPS AWARDED TO COMMUNITY COLLEGE STUDENTS

Program 3

Expenses: $2,592

INFORMATIONAL WEBSITE FOR MEMBERS USE

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $57,275

Program Service Revenue $165,379

Investment Income $95

Other Revenue $0

TOTAL REVENUE $222,749

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $470,108

Other Expenses $261,821

TOTAL EXPENSES $263,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,749	$222,448	+0.0%
Expenses	$263,821	$207,576	+0.3%
Net Income	$-41,072	$14,872	-3.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACIE MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LORI HATCHELL	TREASURER	1.00	Officer Director	$0	$0	$0
CONNIE BELDEN	SECRETARYWEBMASTER	1.00	Officer Director	$0	$0	$0
CAROLYN CHRISTESEN	VP CONFERENCE ADMINIST	1.00	Officer Director	$0	$0	$0
LARRY STEPHENS	VP CONFERENCE PLANNING	1.00	Officer Director	$0	$0	$0
CAROL HUGHES	MEMBER AT LARGE	1.00	Director	$0	$0	$0
STEPHANIE POINDEXTER	MEMBER AT LARGE	1.00	Director	$0	$0	$0
TERESA THOMPSON	MEMBER AT LARGE	1.00	Director	$0	$0	$0
JONATHAN WILD	MEMBER AT LARGE	1.00	Director	$0	$0	$0

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	$222,749	$263,821	$29,983	$-41,072
2023	$222,448	$207,576	$71,056	$14,872

TEACHERS OF ACCOUNTING AT TWO-YEAR COLLEGES (TACTYC)