THE ASSOCIATION OF COMMERCIAL FINA… - 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

1985

Legal Domicile

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 PROVIDES INFORMATION, GUIDANCE AND A FORUM FOR PERSONS PRACTICING OR HAVING AN INTEREST IN THE AREA OF COMMERCIAL FINANCE.

Program Service Accomplishments

Program 1

THE CONTINUING LEGAL EDUCATION WEEKEND IS THE CULMINATION OF THE YEARS ACTIVITIES OF THE ORGANIZATION, WHERE MEMBERS DISCUSS AND REVIEW CURRENT DEVELOPMENTS IN COMMERCIAL FINANCE, INSOLVENCY, AND...

THE CONTINUING LEGAL EDUCATION WEEKEND IS THE CULMINATION OF THE YEARS ACTIVITIES OF THE ORGANIZATION, WHERE MEMBERS DISCUSS AND REVIEW CURRENT DEVELOPMENTS IN COMMERCIAL FINANCE, INSOLVENCY, AND ETHICS ISSUES, AS WELL AS OTHER LEGAL ISSUES OF INTEREST TO THE MEMBERSHIP.

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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 $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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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
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

THE ASSOCIATION OF COMMERCIAL FINANCE ATTORNEYS INC