PROFESSIONAL BEAUTY ASSOCIATION (EIN 201585064) - 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

2004

Legal Domicile

Principal Officer

NINA DAILY

Phone

4802810424

Tax Period

2023-01-01 to 2023-12-31

PROFESSIONAL BEAUTY ASSOCIATION, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 86% operating deficit.

Mission

THE PROFESSIONAL BEAUTY ASSOCIATION (PBA) EXISTS TO ELEVATE, UNITE AND SERVE THE BEAUTY INDUSTRY AND THE PROFESSIONALS WHO IMPROVE PEOPLES' LIVES. PBA IS A COMMUNITY LED NON-PROFIT MEMBERSHIP ORGANIZATION WITH MEMBERS AND A BOARD OF DIRECTORS REPRESENTING LICENSED PROFESSIONALS, SALONS, MANUFACTURERS, DISTRIBUTORS, SCHOOLS AND STUDENTS.

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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 $514,137

Program Service Revenue $1,743,231

Investment Income $153,058

Other Revenue $-65,692

TOTAL REVENUE $2,344,734

Expense Breakdown

Grants Paid $17,400

Salaries & Benefits $2,327,003

Fundraising Expenses $0

Other Expenses $2,006,196

TOTAL EXPENSES $4,350,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,344,734	$24,970,282	-0.9%
Expenses	$4,350,599	$5,896,286	-0.3%
Net Income	$-2,005,865	$19,073,996	-1.1%

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

195

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

$527,252

Total Directors

Key Employees

$197,591

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY ELARAR	CHAIR	1.00	Officer Director	$0	$0	$0
ALEX COHN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BONNIE CONTE	TREASURER	1.00	Officer Director	$0	$0	$0
ANTONIO VOZZOLO	DIRECTOR	1.00	Director	$0	$0	$0
JENAE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN PORTER	DIRECTOR	1.00	Director	$0	$0	$0
SHELBY MICHAELIS	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY BERRY	DIRECTOR	1.00	Director	$0	$0	$0
BETH CARSON	DIRECTOR	1.00	Director	$0	$0	$0
ZACH RIEKEN	DIRECTOR	1.00	Director	$0	$0	$0
CINDY FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE DIFALCO	DIRECTOR	1.00	Director	$0	$0	$0
NINA DAILY	EXECUTIVE DIRECTOR	39.00	Officer	$288,799	$25,542	$314,341
LORI RAYHORN	CFO	39.00	Officer	$202,610	$10,301	$212,911
AUDRA JONES	GENERAL MANAGER OF EVENTS	40.00	Key Emp	$187,006	$10,585	$197,591
ANGELICA KENRICK	DIR. OF MARKETING	40.00	Highest	$142,947	$15,070	$158,017
LESLIE PERRY	DIR. OF MEMBERSHIP & EDUCATION	40.00	Highest	$107,445	$13,117	$120,562
RACHEL MOLEPSKE	DIR. OF LEADERSHIP & CHARITABLE PROG.	40.00	Highest	$104,989	$7,040	$112,029

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	No data	No data	No data	No data
2023	$2,344,734	$4,350,599	$26,329,162	$-2,005,865
2022	$24,970,282	$5,896,286	$28,077,374	$19,073,996
2021	$4,839,864	$5,108,611	$10,884,014	$-268,747
2020	$4,429,537	$8,420,695	$9,597,858	$-3,991,158
2019	$10,526,135	$8,793,467	$12,567,763	$1,732,668
2018	$9,006,491	$8,840,015	$13,068,675	$166,476

PROFESSIONAL BEAUTY ASSOCIATION