THE ASSOCIATION OF COMMERCIAL FINANCE ATTORNEYS INC

EIN: 133311292

NEW YORK, NY

Total Revenue
$98,826
Total Expenses
$114,261
Total Assets
$99,365
Net Assets
$99,365
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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
1985
Legal Domicile
NY
Principal Officer
KENNETH LEWIS
Phone
9147618400
Tax Period
2024-01-01 to 2024-12-31

THE ASSOCIATION OF COMMERCIAL FINANCE ATTORNEYS INC, founded in 1985, is a micro nonprofit that reported $99K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $114K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION FURTHERS THE PRACTICE OF LAW APPLICABLE TO COMMERCIAL FINANCE, INCLUDING,BUT NOT LIMITED TO, ASSET BASED LENDING, FACTORING,LOAN RESTRUCTURING & INSOLVENCY. ACFA PURSUES THIS GOAL IN AN ATMOSPHERE OF COLLEGIALITY & MUTUAL RESPECT THROUGH EDUCATIONAL PROGRAMS AND ANNUAL SEMINARS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,958
Program Service Revenue $81,855
Investment Income $13
Other Revenue $0
TOTAL REVENUE $98,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $114,261
TOTAL EXPENSES $114,261

Year-over-Year Comparison

2024 2023 Change
Revenue $98,826 $117,442 -0.2%
Expenses $114,261 $102,529 +0.1%
Net Income $-15,435 $14,913 -2.0%
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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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
23

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
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH LEWIS PRESIDENT N/A
Officer
$0 $0 $0
JASON ARBUCK FIRST VICE PRESIDENT N/A
Officer
$0 $0 $0
STEPHEN V FALANGA SECOND VICE PRESIDENT N/A
Officer
$0 $0 $0
STEPHANIE STEPHENS TREASURER N/A
Officer
$0 $0 $0
ALLEN J UNDERWOOD II SECRETARY N/A
Officer
$0 $0 $0
ELYSE BEIDNER BOARD OF DIRECTORS N/A
Director
$0 $0 $0
JEREMY FRIEDBERG BOARD OF DIRECTORS N/A
Director
$0 $0 $0
R MARSHALL GRODNER BOARD OF DIRECTORS N/A
Director
$0 $0 $0
RICHARD LEVY JR BOARD OF DIRECTORS N/A
Director
$0 $0 $0
SCOTT LESSNE BOARD OF DIRECTORS N/A
Director
$0 $0 $0
ELLEN LEVINE BOARD OF DIRECTORS N/A
Director
$0 $0 $0
JANET M NADILE BOARD OF DIRECTORS N/A
Director
$0 $0 $0
BRANDY RAPP BOARD OF DIRECTORS N/A
Director
$0 $0 $0
DAVID W MORSE BOARD OF DIRECTORS N/A
Director
$0 $0 $0
SKYLER TANNER BOARD OF DIRECTORS N/A
Director
$0 $0 $0
JAMES SCHULWOLF BOARD OF DIRECTORS N/A
Director
$0 $0 $0
THOMAS J WELSH BOARD OF DIRECTORS N/A
Director
$0 $0 $0
JEFFREY A WURST BOARD OF DIRECTORS N/A
Director
$0 $0 $0
KEVIN RUBENSTEIN BOARD OF DIRECTORS N/A
Director
$0 $0 $0
JUDY WEINSTEIN BOARD OF DIRECTORS N/A
Director
$0 $0 $0
KEVIN NEIMAN BOARD OF DIRECTORS N/A
Director
$0 $0 $0
PAUL RICOTTA BOARD OF DIRECTORS N/A
Director
$0 $0 $0
STEVEN SEIF BOARD OF DIRECTORS N/A
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
2024 $98,826 $114,261 $99,365 $-15,435
2023 $117,442 $102,529 $114,800 $14,913
2022 $130,728 $126,101 $99,887 $4,627
2021 $27,777 $12,334 $95,260 $15,443
2020 $27,535 $29,352 $79,817 $-1,817
2019 $123,650 $106,593 $81,634 $17,057
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