AMERICAN PAYROLL INSTITUTE INC

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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

1982

Legal Domicile

Phone

2102264600

Tax Period

2023-01-01 to 2023-12-31

AMERICAN PAYROLL INSTITUTE INC, founded in 1982, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 25% operating margin.

Mission

TO PROMOTE THE PAYROLL PROFESSION AND PROVIDE MEMBERSHIP AND RELATED SERVICES AND CERTIFICATIONS FOR PAYROLL PROFESSIONALS INCLUDING MAGAZINES, NEWSLETTERS, CHAPTER RELATIONS, SALES OF EDUCATIONAL BOOKS, SUBSCRIPTIONS, AND MATERIALS.

Program Service Accomplishments

Program 1

MEMBERSHIP SERVICES INCLUDING HOTLINE AND REFERRALS TO OVER 20,000 MEMBERS. CERTIFICATION PROGRAMS FOR BASIC AND ADVANCED PAYROLL KNOWLEDGE. PROVIDE EDUCATIONAL MATERIALS AS A BENEFIT FOR MEMBERSHIP INCLUDING E-MAGAZINES, E-NEWSLETTERS, PODCASTS, FREE EDUCATIONAL WEBINARS, PAYROLL CURRENTLY BI-WEEKLY SUBSCRIPTION, AND MONTHLY MAGAZINE. PROMOTE THE PROFESSION THROUGH NATIONAL PAYROLL WEEK AND FREE PUBLIC PAYROLL EDUCATIONAL MATERIALS AND NOTIFICATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,317,335

Program Service Revenue $4,337,768

Investment Income $1,277,653

Other Revenue $1,422,329

TOTAL REVENUE $12,355,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,475,969

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,802,749

TOTAL EXPENSES $9,278,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,355,085	$11,354,624	+0.1%
Expenses	$9,278,718	$6,301,421	+0.5%
Net Income	$3,076,367	$5,053,203	-0.4%

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

114

Volunteers

600

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

$2,853,084

Total Directors

$2,859,909

Key Employees

$2,033,167

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EXECUTIVE DIRECTOR	2.4	Officer Director	$173,095	$183,105	$2,846,109
N/A	President-Elect	2.1	Officer Director	$1,800	$0	$1,800
N/A	President	2.5	Officer Director	$0	$0	$0
N/A	Director	2.2	Director	$1,800	$0	$1,800
N/A	Director	2.3	Director	$1,800	$0	$1,800
N/A	Director	2.2	Director	$1,800	$0	$1,800
N/A	Director	2.2	Director	$1,200	$0	$1,200
N/A	Corporate Member Advisor	2.3	Director	$1,800	$0	$1,800
N/A	Director	2.3	Director	$1,800	$0	$1,800
N/A	Director	2.2	Director	$1,800	$0	$1,800
N/A	Treasurer	2.6	Officer	$2,475	$0	$2,475
N/A	Secretary	2.3	Officer	$2,700	$0	$2,700
N/A	SENIOR DIRECTOR OF MARKETING	9.2	Key Emp	$34,708	$39,928	$190,830
N/A	SENIOR DIRECTOR OF FEDERAL PR COMPLIANCE	34.0	Key Emp	$138,130	$19,330	$180,886
N/A	SENIOR DIRECTOR OF EDUCATION SERVICES	4.0	Key Emp	$19,709	$41,438	$238,531
N/A	CHIEF PROFESSIONAL DEVELOPMENT OFFICER	18.4	Key Emp	$102,026	$34,300	$256,097
N/A	SENIOR DIRECTOR OF PUBLICATIONS	34.4	Key Emp	$139,934	$43,723	$206,437
N/A	SENIOR DIRECTOR OF IT, CERTIFICATION, & PR	29.2	Key Emp	$154,986	$36,677	$248,987
N/A	CHIEF OPERATING OFFICER	12.2	Key Emp	$144,219	$47,754	$512,977
N/A	SENIOR DIRECTOR OF TECHNOLOGY AND CERTIFICATION	13.2	Key Emp	$52,231	$40,145	$198,422
N/A	DIRECTOR OF GOVERNMENT RELATIONS	37.2	Highest	$108,167	$22,384	$138,693
N/A	FINANCIAL CONTROLLER	1.6	Highest	$5,318	$24,308	$157,248
N/A	DIRECTOR OF HR & TALENT MANAGEMENT	40.0	Highest	$111,762	$28,158	$139,920
N/A	DIRECTOR OF STRATEGIC INITIATIVES	12.0	Highest	$59,859	$17,100	$216,630
N/A	DIRECTOR OF EDUCATION SERVICES	11.2	Highest	$37,865	$24,300	$159,531

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
2024	No data	No data	No data	No data
2023	$12,355,085	$9,278,718	$48,282,938	$3,076,367
2022	$11,354,624	$6,301,421	$42,535,918	$5,053,203
2021	$11,952,321	$6,886,311	$40,803,179	$5,066,010
2020	$10,353,183	$6,380,146	$50,031,255	$3,973,037
2019	$11,362,033	$8,889,737	$44,745,147	$2,472,296
2018	$10,080,975	$8,369,196	$39,353,278	$1,711,779