ASSOCIATION FOR CORPORATE GROWTH

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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

1954

Legal Domicile

Principal Officer

BRENT BAXTER

Phone

3129574286

Tax Period

2023-09-01 to 2024-08-31

ASSOCIATION FOR CORPORATE GROWTH, founded in 1954, is a mid-sized nonprofit that reported $27.3M in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE PROFESSIONAL AND BUSINESS INTEREST OF THE ASSOCIATION FOR CORPORATE GROWTH MEMBERS BY PROVIDING ACCESS TO KNOWLEDGE AND BUSINESS OPPORTUNITIES THROUGH NETWORKING, COMMUNICATIONS, AND FORUMS RELATED TO BOTH INTERNAL AND EXTERNAL CORPORATE GROWTH. EFFECTIVELY SUPPORT LOCAL CHAPTERS IN ACHIEVING THEIR MEMBERSHIP, NETWORKING AND PROGRAMMING GOALS AND STRENGTHEN THE PERCEIVED VALUE PROVIDED BY THE ASSOCIATION.

Program Service Accomplishments

Program 1

ANNUAL ACG DEALMAX (FORMERLY INTERGROWTH) CONFERENCE:THE ANNUAL ACG DEALMAX (FORMERLY INTERGROWTH) CONFERENCE ALLOWS MEMBERS AND NON-MEMBERS TO ATTEND EDUCATION AND KEYNOTE SPEAKER SESSIONS, EXCHANGE...

Program 2

MEMBERSHIP:MEMBERS OF THE ASSOCIATION FOR CORPORATE GROWTH HAVE ACCESS TO A VARIETY OF TOOLS TO ENHANCE THEIR PROFESSIONAL DEVELOPMENT, KNOWLEDGE BASE AND NETWORKING. THESE INCLUDE: -MEMBER RATES TO ATTEND THE ANNUAL INTERGROWTH CONFERENCE -DISCOUNTED REGISTRATION RATES TO ATTEND LOCAL CHAPTER PROGRAMS-SUBSCRIPTION TO MIDDLE MARKET GROWTH MAGAZINE-SUBSCRIPTION TO ACG'S MONTHLY AND WEEKLY E-NEWSLETTERS-ACCESS TO ACG JOBSOURCE-INDUSTRY WHITE PAPERS-ACCESS TO ONLINE MEMBERSHIP DIRECTORY

Program 3

CHAPTERS:FIFTY-NINE CHAPTERS SERVE THE 14,000 MEMBERS OF ACG WORLDWIDE. CHAPTERS PROVIDE LOCAL BREAKFAST MEETINGS, LUNCHES, CONFERENCES, AND SPECIAL EVENTS THAT ENABLE NETWORKING AND EDUCATION.

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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 $4,264,996

Program Service Revenue $22,603,067

Investment Income $175,387

Other Revenue $263,633

TOTAL REVENUE $27,307,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,258,763

Fundraising Expenses $0

Other Expenses $18,329,557

TOTAL EXPENSES $28,588,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,307,083	$26,549,247	+0.0%
Expenses	$28,588,320	$29,055,657	0.0%
Net Income	$-1,281,237	$-2,506,410	-0.5%

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

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

$1,931,573

Total Directors

$134,858

Key Employees

$1,179,179

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON BUENIK	CHIEF OF STAFF	40.00	Officer Director	$126,500	$8,358	$134,858
CHRISTINE NOWACZYK	CHAIRMAN ELECT	1.00	Officer Director	$0	$0	$0
DAVID GERSHMAN	CHAIRMAN (THRU 05/24)	4.00	Officer Director	$0	$0	$0
STEVE CASTINO	CHAIRMAN OF FINANCE	2.00	Officer Director	$0	$0	$0
DAVID ACHARYA	DIRECTOR	1.00	Director	$0	$0	$0
TONY BANKS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA BUI	DIRECTOR (THRU 05/24)	1.00	Director	$0	$0	$0
ANN COX	DIRECTOR	1.00	Director	$0	$0	$0
SUZIE DORAN	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HELLIER	DIRECTOR (THRU 05/24)	4.00	Director	$0	$0	$0
CHRIS HEBBLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOLLINGSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
AARON POLACK	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PRUNTY	DIRECTOR	1.00	Director	$0	$0	$0
DAN RYAN	DIRECTOR (THRU 05/24)	1.00	Director	$0	$0	$0
JOHN SURRETTE	DIRECTOR	1.00	Director	$0	$0	$0
LISA HARRIS	CFO/INTERIM CEO (THRU 09/23)	40.00	Officer	$415,959	$29,238	$445,197
HARRY NIKPOUR	CHIEF REVENUE OFFICER (THRU 09/23)	40.00	Officer	$324,137	$44,536	$368,673
MICHAEL RIVERA	CHIEF STRATEGY OFFICER	40.00	Officer	$256,057	$50,482	$306,539
STEPHANIE MCALAINE	CHIEF CUSTOMER OFFICER	40.00	Officer	$240,638	$18,621	$259,259
GLORIA GORDILS	SR. VP-FINANCE/CONTROLLER	40.00	Officer	$201,737	$41,707	$243,444
BRENT BAXTER	CEO	40.00	Officer	$157,478	$16,125	$173,603
DEBRA MICHIE	REGIONAL CEO	40.00	Key Emp	$238,683	$29,946	$268,629
VIKASH MAGDANI	REGIONAL CEO (THRU 04/24)	40.00	Key Emp	$225,000	$8,865	$233,865
ROBERT DUNN	MANAGING DIRECTOR	40.00	Key Emp	$204,083	$48,882	$252,965
CHRISTY DANCOUSE	REGIONAL CEO	40.00	Key Emp	$160,752	$47,393	$208,145
JACQUELINE D'ANTONIO	SR VP-COMMUNICATIONS (THRU 05/24)	40.00	Key Emp	$160,473	$55,102	$215,575
KAITLYN GREGORIO	DIRECTOR OF STRATEGIC DEVELOPMENT	40.00	Highest	$171,515	$30,222	$201,737
GLORIA KANTOR	CHAPTER MANAGER	40.00	Highest	$158,873	$24,847	$183,720
JOHANNES MASSERER	CHAPTER EXECUTIVE DIRECTOR	40.00	Highest	$155,678	$9,208	$164,886
RYAN MEYERS	SALES DIRECTOR	40.00	Highest	$153,596	$9,020	$162,616
AMY RUEBSAM	SR VP OF MEMBERSHIP	40.00	Highest	$145,392	$8,723	$154,115

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	$27,307,083	$28,588,320	$14,504,685	$-1,281,237
2023	$26,549,247	$29,055,657	$18,767,690	$-2,506,410
2022	$26,018,555	$25,403,159	$21,114,898	$615,396
2021	$12,271,123	$10,769,659	$11,393,754	$1,501,464
2020	$10,703,952	$11,307,189	$7,667,436	$-603,237
2019	$11,351,392	$11,876,171	$8,228,575	$-524,779