ACCOUNTING RESEARCH ASSOCIATION INC (EIN 136227058) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

TIMOTHY LASPALUTO

Phone

9194024500

Tax Period

2018-01-01 to 2018-12-31

ACCOUNTING RESEARCH ASSOCIATION INC, founded in 1967, is a micro nonprofit that reported $2K in total revenue in fiscal year 2018. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $222K exceeded revenue, resulting in a 13585% operating deficit.

Mission

ACCOUNTING RESEARCH ASSOCIATION, INC. ("ARA") WAS ORGANIZED TO PROMOTE THE PROGRESS AND OTHER ASPECTS OF PROFESSIONAL ACCOUNTANCY; TO PROVIDE FUNDS FOR STUDIES AND RESEARCH IN REGARD TO PRINCIPLES AND STANDARDS OF THE ACCOUNTING PROFESSION IN CONJUNCTION WITH THE AICPA AND OTHERS; TO DIRECTLY OR INDIRECTLY DISSEMINATE THE RESULTS OF STUDIES, SURVEYS AND RELATED PROJECTS DESIGNED TO IMPROVE ACCOUNTING, AUDITING AND OTHER ASPECTS OF ACCOUNTANCY; AND TO ENGAGE IN OR SPONSOR ANY OTHER PROPER AND LAWFUL ACTIVITY AS MAY BE CONSIDERED TO THE GENERAL WELFARE OF THE ACCOUNTING PROFESSION.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,625

Other Revenue $0

TOTAL REVENUE $1,625

Expense Breakdown

Grants Paid $220,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,389

TOTAL EXPENSES $222,389

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,625	$506,365	-1.0%
Expenses	$222,389	$408,559	-0.5%
Net Income	$-220,764	$97,806	-3.3%

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

$2,957,953

Total Directors

$2,957,953

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY MELANCON	SECRETARY/TREASURER	1.00	Officer Director	$0	$403,599	$2,556,931
ERIC HANSEN	PRESIDENT/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMBERLY ELLISON-TAYLOR	MEMBER/PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY CHRISTEN	MEMBER	1.00	Director	$0	$0	$0
TIMOTHY LASPALUTO	ASSISTANT TREASURER	0.30	Officer Director	$0	$39,337	$401,022
WILLIAM REEB	MEMBER	1.00	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
2018	$1,625	$222,389	$203,256	$-220,764

ACCOUNTING RESEARCH ASSOCIATION INC