NASBA CENTER FOR THE PUBLIC TRUST

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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

Sedrik Newbern

Phone

6158804200

Tax Period

2023-08-01 to 2024-07-31

NASBA CENTER FOR THE PUBLIC TRUST, founded in 2004, is a small nonprofit in the Public & Societal Benefit sector that reported $745K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $167K, a strong 22% operating margin.

Mission

NASBA Center for the Public Trust exists to develop, encourage, acknowledge and promote ethical leadership. The CPT promotes positive ethical behavior and equips professionals with tools to make better ethical decisions through thought provoking seminars, conferences, and virtual training platforms. In addition, the CPT honors ethical leaders through its Being a Difference Awards. The CPT created Student Center for the Public Trust chapters to focus on educating and engaging future business leaders on ethics, accountability and integrity. As a non-profit organization, the CPT encourages contributions from individuals and corporations who are passionate about developing and promoting ethical leaders.

Program Service Accomplishments

Program 1

Expenses: $105,270 Revenue: $41,751

Ethics Advancement Program. The NASBA Center for the Public Trust (CPT) manages several areas of activities under the Ethics Advancement program. CPT offers an online training program in ethical...

Ethics Advancement Program. The NASBA Center for the Public Trust (CPT) manages several areas of activities under the Ethics Advancement program. CPT offers an online training program in ethical leadership for professionals, primarily used by Boards of Accountancy in disciplinary actions. CPT also publishes an Ethics Matters newsletter which includes articles highlighting ethics and ethical behavior in business and accounting communities as well as the current activities of CPT. In addition, CPT produces The Viable Leadership podcast, in which successful business executives discuss topics related to promoting ethical leadership in life and business.

Program 2

Expenses: $313,175 Revenue: $298,181

Student Program. The CPT created Student Center for the Public Trust (StudentCPT) chapters to focus on educating and engaging future business leaders on ethics, accountability and integrity...

Student Program. The CPT created Student Center for the Public Trust (StudentCPT) chapters to focus on educating and engaging future business leaders on ethics, accountability and integrity. StudentCPT chapters are student-run organizations, based on college campuses throughout the United States. Students have the opportunity to participate in a student leadership conference, an ethics video competition, community service activities and Campus Being a Difference Awards. StudentCPT events also feature dynamic speakers and case studies to help students identify ethical issues and make the best decisions. Chapter events also provide opportunities to network with business leaders throughout the National Association of State Boards of Accountancy (NASBA), Boards of Accountancy and others. CPT also impacts students with the online Ethical Leadership Certification Program. This certification program uses interactive presentations, videos and thought-provoking poll questions to analyze the causes, effects and solutions of real-world ethical dilemmas.

Program 3

Expenses: $13,254 Revenue: $0

Conferences Program. CPT holds an Annual Auditing Conference with Baruch College of the City University of New York. The annual conference provides a forum for interaction between business, public...

Conferences Program. CPT holds an Annual Auditing Conference with Baruch College of the City University of New York. The annual conference provides a forum for interaction between business, public accounting, academics, and professional standards setters such as the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). It also examines the current best practices of ethics and independence within the auditing 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 (2023)

Revenue Breakdown

Contributions & Grants $349,392

Program Service Revenue $339,932

Investment Income $55,713

Other Revenue $241

TOTAL REVENUE $745,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,554

Fundraising Expenses $78,901

Program Expenses $431,699

Other Expenses $334,949

TOTAL EXPENSES $578,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$745,278	$632,188	+0.2%
Expenses	$578,503	$520,123	+0.1%
Net Income	$166,775	$112,065	+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

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

$2,542,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth L Bishop	Chief Executive Officer	2	Officer	$0	$56,598	$1,910,061
Troy A Walker CPA	Chief Financial Officer	2	Officer	$0	$57,629	$319,386
Alfonzo D Alexander	President	27	Officer	$0	$40,384	$205,167
Sandra Davidson CPA	Chief Financial Officer & Treasurer (Retired)	10	Officer	$0	$18,937	$108,139
Donny Burkett CPA	Director & Chairman	2	Director	$0	$0	$0
W Michael Fritz CPA	Director & Vice Chair	2	Director	$0	$0	$0
Kymberly Messersmith	Director & Secretary	2	Director	$0	$0	$0
Barry Berkowitz CPA	Director & Treasurer	2	Director	$0	$0	$0
James Alderson CPA	Director	2	Director	$0	$0	$0
Tommye Barie CPA	Director	2	Director	$0	$0	$0
Jennifer Bouchard	Director	2	Director	$0	$0	$0
Larry Bridgesmith Esq	Director	2	Director	$0	$0	$0
Jason Brooks PhD MBA	Director	2	Director	$0	$0	$0
Milton Brown PA	Director	2	Director	$0	$0	$0
David A Costello CPA	Director	2	Director	$0	$0	$0
William Latham PhD	Director	2	Director	$0	$0	$0
Delbert Madison	Director	2	Director	$0	$0	$0
Sean McVey CPA	Director	2	Director	$0	$0	$0
Kent Noble	Director	2	Director	$0	$0	$0
Kelly Richmond Pope CPA	Director	2	Director	$0	$0	$0
Andrea Perry	Director	2	Director	$0	$0	$0
J Coalter Baker CPA PFS	Director	2	Director	$0	$0	$0
Jimmy E Burkes CPA	Director	2	Director	$0	$0	$0
Kevin James PhD CPA	Director	2	Director	$0	$0	$0
Joseph Petito CPA	Director	2	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
2025	No data	No data	No data	No data
2024	$745,278	$578,503	$1,664,519	$166,775
2023	$632,188	$520,123	$1,455,567	$112,065
2022	$639,794	$429,363	$1,271,067	$210,431
2021	$581,042	$336,101	$1,073,152	$244,941
2020	$594,010	$336,672	$808,226	$257,338
2019	$586,027	$445,245	$600,814	$140,782