AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION

EIN: 136169602 501(c)(3)

DURHAM, NC

Total Revenue
$1,619,069
Total Expenses
$2,047,349
Total Assets
$8,681,017
Net Assets
$8,305,977
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
DC
Principal Officer
TIMOTHY LASPALUTO
Phone
9194024500
Tax Period
2024-01-01 to 2024-12-31

AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION, founded in 1922, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,243,722
Program Service Revenue $0
Investment Income $382,786
Other Revenue $-7,439
TOTAL REVENUE $1,619,069

Expense Breakdown

Grants Paid $1,315,739
Salaries & Benefits $0
Fundraising Expenses $120,669
Program Expenses $1,584,814
Other Expenses $731,610
TOTAL EXPENSES $2,047,349

Year-over-Year Comparison

2024 2023 Change
Revenue $1,619,069 $1,396,709 +0.2%
Expenses $2,047,349 $2,275,325 -0.1%
Net Income $-428,280 $-878,616 -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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
27

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
4
$1,188,562
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARMONE ADAMS TRUSTEE 0.30
Director
$0 $0 $0
DAVID SCOTT SHOWALTER BOARD LIAISON 0.30
Director
$0 $0 $0
EDWARD GUTTENPLAN TRUSTEE 0.30
Director
$0 $0 $0
FREDERICK NISWANDER TREASURER 0.30
Officer Director
$0 $0 $0
KRISTINE HULL TRUSTEE 0.30
Director
$0 $0 $0
LAURA HORVATH TRUSTEE 0.30
Director
$0 $0 $0
LISA FORT TRUSTEE 0.30
Director
$0 $0 $0
NOEL BOWERS TRUSTEE 0.30
Director
$0 $0 $0
REBECCA FONDELL TRUSTEE 0.30
Director
$0 $0 $0
ROBERT MCKOY TRUSTEE (OUTGOING) 0.30
Director
$0 $0 $0
SHAKOR JUKES TRUSTEE (OUTGOING) 0.30
Director
$0 $0 $0
THERESA GOLDEN PRESIDENT 0.30
Officer Director
$0 $0 $0
WALTER J BRASCH TRUSTEE 0.30
Director
$0 $0 $0
MICHAEL DECKER SECRETARY 0.30
Officer
$0 $69,580 $550,509
TIMOTHY LASPALUTO ASSISTANT TREASURER 0.30
Officer
$0 $53,068 $638,053
JOANNE FIORE FORMER SECRETARY 0.30
$0 $51,876 $433,139
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 $1,619,069 $2,047,349 $8,681,017 $-428,280
2023 $1,396,709 $2,275,325 $8,762,743 $-878,616
2022 $1,200,256 $2,496,320 $8,850,047 $-1,296,064
2021 $1,425,821 $3,418,556 $13,398,999 $-1,992,735
2020 $1,363,179 $2,138,808 $13,346,405 $-775,629
2019 $1,315,617 $2,041,356 $12,862,633 $-725,739
2018 $1,256,821 $1,998,859 $12,169,308 $-742,038
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