NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY INC

EIN: 133448166

Nashville, TN

Total Revenue
$46,019,069
Total Expenses
$39,756,677
Total Assets
$114,841,655
Net Assets
$100,386,735
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
DE
Principal Officer
Daniel J Dustin CPA
Phone
6158804200
Tax Period
2024-08-01 to 2025-07-31

NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY INC, founded in 1987, is a mid-sized nonprofit that reported $46.0M in total revenue in fiscal year 2024. Expenses of $39.8M left a modest 14% surplus.

Mission

NASBA's mission is to enhance the effectiveness and advance the common interests of the Boards of Accountancy. NASBA provides support to its members, the fifty-five jurisdictional Boards of Accountancy, by representing their common interests in relevant regulatory and licensing issues. NASBA's program activities enhance the member boards' effective stewardship of the public interest by supporting the licensing and regulation of Certified Public Accountants through the individual Boards of Accountancy of the fifty states, the District of Columbia, Guam, the Commonwealth of the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.

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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 $0
Program Service Revenue $41,924,624
Investment Income $3,965,095
Other Revenue $129,350
TOTAL REVENUE $46,019,069

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $16,888,689
Fundraising Expenses $0
Program Expenses $0
Other Expenses $22,842,988
TOTAL EXPENSES $39,756,677

Year-over-Year Comparison

2024 2023 Change
Revenue $46,019,069 $46,703,879 0.0%
Expenses $39,756,677 $38,495,243 +0.0%
Net Income $6,262,392 $8,208,636 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
159
Volunteers
225

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
$2,262,178
Total Directors
24
$0
Key Employees
2
$1,098,492
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth L Bishop President and Chief Executive Officer (Former) 40
$1,785,595 $47,282 $1,832,877
Colleen K Conrad CPA Executive VP and Chief Operating Officer (Former) 40
Officer
$919,632 $54,287 $973,919
Maria-Lisa Caldwell Esq Chief Legal Officer (Former); Director, Compliance Services (Former) 40
Key Emp
$705,946 $40,720 $746,666
Daniel J Dustin CPA President and Chief Executive Officer 40
Officer
$538,366 $40,824 $579,190
Troy A Walker CPA Vice President and Chief Financial Officer 40
Officer
$426,723 $63,781 $490,504
Cheryl R Farrar Chief Information Officer 40
Key Emp
$312,161 $39,665 $351,826
Alfonzo D Alexander Chief Ethics Officer (Former); CPT President (Former) 3
Highest
$316,446 $24,345 $340,791
Thomas G Kenny Chief Communications Officer 40
Highest
$226,586 $36,956 $263,542
Lisa S Dampf Chief Human Resources Officer 40
Highest
$222,559 $29,320 $251,879
Patricia L Hartman Director, Client Servics 40
Highest
$209,188 $26,181 $235,369
Philip A Groves CPA Director of Finance; Controller 40
Highest
$192,218 $40,515 $232,733
William A Emmer Chief Operating Officer 40
Officer
$123,760 $15,791 $139,551
Wendy S Garvin Executive Vice President 40
Officer
$74,773 $4,241 $79,014
Maria E Caldwell CPA Chair 16
Director
$0 $0 $0
Nicola Neilon CPA Vice Chair 8
Director
$0 $0 $0
Stephanie M Saunders CPA Past Chair 4
Director
$0 $0 $0
Katrina Salazar CPA Director-at-Large 4
Director
$0 $0 $0
J Andy Bonner Jr CPA Director-at-Large 4
Director
$0 $0 $0
Barry M Berkowitz CPA Director-at-Large 4
Director
$0 $0 $0
Alison L Houck CPA Director-at-Large 4
Director
$0 $0 $0
Stephen F Langowski CPA Director-at-Large 4
Director
$0 $0 $0
Jason D Peery CPA Director-at-Large 4
Director
$0 $0 $0
Michael Schmitz CPA Director-at-Large 4
Director
$0 $0 $0
Kenya Y Watts CPA Director-at-Large 4
Director
$0 $0 $0
Gerald Weinstein PhD CPA Director-at-Large 4
Director
$0 $0 $0
Thuy T Barron CPA Regional Director 4
Director
$0 $0 $0
Timothy F Egan CPA Regional Director 4
Director
$0 $0 $0
Haley Lyons CPA Regional Director 4
Director
$0 $0 $0
Melissa Ruff CPA Regional Director 4
Director
$0 $0 $0
Wilhelmus J Schaffers CPA Regional Director 4
Director
$0 $0 $0
Jeannette P Smith CPA Regional Director 4
Director
$0 $0 $0
Dan Vuckovich CPA Regional Director 4
Director
$0 $0 $0
Laurie A Warwick CPA Regional Director 4
Director
$0 $0 $0
Richard N Reisig CPA Past Chair 4
Director
$0 $0 $0
Chandra Lalvani CPA Director-at-Large 4
Director
$0 $0 $0
Nancy J Corrigan CPA Regional Director 4
Director
$0 $0 $0
Willie B Sims Jr CPA Regional Director 4
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 $46,019,069 $39,756,677 $114,841,655 $6,262,392
2024 $46,703,879 $38,495,243 $105,394,465 $8,208,636
2023 $39,862,230 $37,399,713 $97,045,632 $2,462,517
2022 $38,317,801 $34,130,410 $83,126,370 $4,187,391
2021 $38,346,927 $28,164,414 $83,002,969 $10,182,513
2020 $29,438,764 $28,967,319 $67,264,821 $471,445
2019 $33,453,324 $33,201,118 $65,928,040 $252,206
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