ASSOCIATION OF SOCIAL WORK BOARDS

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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

1979

Legal Domicile

Principal Officer

STACEY HARDY-CHANDLER

Phone

5408296880

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF SOCIAL WORK BOARDS, founded in 1979, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $22.6M in total revenue in fiscal year 2023. Expenses of $21.1M left a modest 7% surplus.

Mission

PROVIDE SUPPORT AND SERVICES TO THE SOCIAL WORK REGULATORY COMMUNITY TO ADVANCE SAFE, COMPETENT, AND ETHICAL PRACTICES TO STRENGTHEN PUBLIC PROTECTION.

Program Service Accomplishments

Program 1

Expenses: $12,839,262 Revenue: $18,893,714

DEVELOP AND ADMINISTER STANDARDIZED COMPETENCE ASSESSMENTS TO SOCIAL WORKERS SEEKING LICENSURE. THESE ASSESSMENTS ENSURE THAT ONLY SOCIAL WORKERS WHO MEET COMPETENCE STANDARDS ARE LICENSED. THESE...

DEVELOP AND ADMINISTER STANDARDIZED COMPETENCE ASSESSMENTS TO SOCIAL WORKERS SEEKING LICENSURE. THESE ASSESSMENTS ENSURE THAT ONLY SOCIAL WORKERS WHO MEET COMPETENCE STANDARDS ARE LICENSED. THESE ASSESSMENTS ARE REQUIRED BY ALL U.S. STATES, MOST CANADIAN PROVINCES AND SOME U.S. TERRITORIES.

Program 2

Expenses: $3,875,182 Revenue: $1,455,829

PROVIDE MEETINGS, INFORMATION, EDUCATIONAL SERVICES AND OTHER SERVICES RELATED TO SOCIAL WORK REGULATION TO MEMBER SOCIAL WORK BOARDS. MEMBERSHIP IS COMPRISED OF BOARDS FROM ALL 50 STATES, 10...

PROVIDE MEETINGS, INFORMATION, EDUCATIONAL SERVICES AND OTHER SERVICES RELATED TO SOCIAL WORK REGULATION TO MEMBER SOCIAL WORK BOARDS. MEMBERSHIP IS COMPRISED OF BOARDS FROM ALL 50 STATES, 10 CANADIAN PROVINCES AND SOME U.S. TERRITORIES.

Program 3

Expenses: $494,454 Revenue: $1,934,468

PROVIDE STUDY MATERIALS AND OTHER PUBLICATIONS TO CANDIDATES PREPARING FOR THE EXAM, AS WELL AS OUTREACH TO MEMBER SOCIAL WORK BOARDS.

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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 $0

Program Service Revenue $20,349,543

Investment Income $341,147

Other Revenue $1,935,203

TOTAL REVENUE $22,625,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,936,504

Fundraising Expenses $0

Program Expenses $17,208,898

Other Expenses $15,181,796

TOTAL EXPENSES $21,118,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,625,893	$21,862,334	+0.0%
Expenses	$21,118,300	$19,746,561	+0.1%
Net Income	$1,507,593	$2,115,773	-0.3%

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

Volunteers

128

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

$552,484

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROXROY A REID	PAST PRESIDENT	2.00	Director	$0	$0	$0
KARINE LEVESQUE	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN D PHILSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
GERALDINE POIRIER BAIANI	TREASURER	2.00	Officer Director	$0	$0	$0
ANN-MARIE BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
CARLA H MOORE	DIRECTOR	1.00	Director	$0	$0	$0
SONIA ANDHI BILKHU	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH N POPE	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE DELILLE	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
STACEY HARDY-CHANDLER	CHIEF OPERATING OFFICER	40.00	Officer	$311,176	$23,300	$334,476
HEATHER FOLEY	SR DIR OF FIN & OPS	40.00	Officer	$202,268	$15,740	$218,008
DANIEL SHEEHAN	DIRECTOR OF IT	40.00	Highest	$183,881	$13,963	$197,844
ROBERT RUTHERFORD	LEAD APPLICATION DEVELOPER	40.00	Highest	$182,154	$13,427	$195,581
JENNIFER HENKEL	SR DIR OF MEMBER SERVICES	40.00	Highest	$202,640	$15,917	$218,557
LAVINA HARLESS	SR DIR OF EXAMINATION SERV	40.00	Highest	$187,204	$14,512	$201,716
DAVID RYCZKO	DIRECTOR OF EDUCATION PROGRAMS	40.00	Highest	$154,207	$11,314	$165,521

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	$22,625,893	$21,118,300	$47,241,789	$1,507,593
2022	$21,862,334	$19,746,561	$43,713,420	$2,115,773
2021	$24,599,963	$17,446,194	$45,860,207	$7,153,769
2020	$16,234,758	$13,237,385	$43,614,271	$2,997,373
2019	$17,595,886	$14,857,969	$36,303,676	$2,737,917