ACCOUNTING RESEARCH ASSOCIATION INC

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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.

Program Service Accomplishments

Program 1

FACILITATE THE INTEGRATION OF DATA ANALYTICS AND RELATED TECHNOLOGIES INTO THE AUDIT PROCESS, AND TO DEMONSTRATE THROUGH RESEARCH HOW THIS CAN EFFECTIVELY LEAD TO ADVANCEMENTS IN THE AUDIT 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