INSTITUTE OF MANAGEMENT ACCOUNTANT… - Form 990 Financial Data

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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

1919

Legal Domicile

Principal Officer

MICHAEL DEPRISCO

Phone

2075739000

Tax Period

2023-07-01 to 2024-06-30

INSTITUTE OF MANAGEMENT ACCOUNTANTS INC, founded in 1919, is a mid-sized nonprofit in the Community Improvement sector that reported $20.4M in total revenue in fiscal year 2023. Expenses of $19.7M left a modest 3% surplus.

Mission

TO PROVIDE A FORUM FOR RESEARCH, PRACTICE DEVELOPMENT, EDUCATION, KNOWLEDGE SHARING, AND THE ADVOCACY OF THE HIGHEST ETHICAL AND BEST BUSINESS PRACTICES IN MANAGEMENT ACCOUNTING & FINANCE.

Program Service Accomplishments

Program 1

Expenses: $11,906,373 Revenue: $16,042,801

MEMBERSHIP SERVICES PROVIDED OPPORTUNITIES FOR MEMBERS TO INCREASE THEIR KNOWLEDGE OF ACCOUNTING PRACTICES AND METHODS WITH EMPHASIS ON MANAGEMENT ACCOUNTING, AND TO INCREASE THEIR INDIVIDUAL...

MEMBERSHIP SERVICES PROVIDED OPPORTUNITIES FOR MEMBERS TO INCREASE THEIR KNOWLEDGE OF ACCOUNTING PRACTICES AND METHODS WITH EMPHASIS ON MANAGEMENT ACCOUNTING, AND TO INCREASE THEIR INDIVIDUAL CAPABILITIES. NETWORKING OPPORTUNITIES THROUGH CHAPTERS AND COUNCILS ENABLE MEMBERS TO LEARN FROM EACH OTHER AND PARTICIPATE IN LOCAL EDUCATIONAL EVENTS. ONLINE COMMUNITIES ARE ALSO PROVIDED TO CONNECT MEMBERS FROM ALL REGIONS. IN FISCAL YEAR 2024, YEAR-END MEMBERSHIP WAS 132,006.

Program 2

Expenses: $2,478,385 Revenue: $2,586,077

EDUCATIONAL OPPORTUNITIES ARE PROVIDED TO ASSIST INDIVIDUALS PREPARING FOR THE CERTIFICATION EXAMINATION IN MANAGEMENT ACCOUNTING, AND TO MAINTAIN PROFESSIONAL CREDENTIALS IN MANAGEMENT ACCOUNTING...

EDUCATIONAL OPPORTUNITIES ARE PROVIDED TO ASSIST INDIVIDUALS PREPARING FOR THE CERTIFICATION EXAMINATION IN MANAGEMENT ACCOUNTING, AND TO MAINTAIN PROFESSIONAL CREDENTIALS IN MANAGEMENT ACCOUNTING. IN FISCAL YEAR 2024, CONTINUING EDUCATION COURSE CREDIT HOURS PROVIDED TO MEMBERS AND THE GENERAL PUBLIC TOTALED 473,577.

Program 3

Expenses: $768,123 Revenue: $834

PUBLICATION OF ACCOUNTING PERIODICALS AND LITERATURE, AND ACCOUNTING RESEARCH STATEMENTS AND POSITION, AVAILABLE TO MEMBERS AND THE GENERAL PUBLIC TO INCREASE KNOWLEDGE AND ACCESS TO INFORMATION, IN MANAGEMENT ACCOUNTING PRACTICES AND METHODS. IN FISCAL YEAR 2024, YEAR-END MEMBERSHIP WAS 132,006 AND GENERAL PUBLIC PERIODICAL AND LITERATURE PURCHASED TOTALED 4.

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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 $127,748

Program Service Revenue $18,545,265

Investment Income $1,152,618

Other Revenue $585,315

TOTAL REVENUE $20,410,946

Expense Breakdown

Grants Paid $225,432

Salaries & Benefits $17,481,315

Fundraising Expenses $0

Program Expenses $15,152,881

Other Expenses $1,997,517

TOTAL EXPENSES $19,704,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,410,946	$20,826,836	0.0%
Expenses	$19,704,264	$23,034,626	-0.1%
Net Income	$706,682	$-2,207,790	-1.3%

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

116

Volunteers

2700

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

$1,013,866

Total Directors

$562,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DEPRISCO	PRESIDENT & CEO	39.00	Officer Director	$543,750	$18,846	$562,596
RICHARD T BRADY CMA CGFM	CHAIR	6.00	Officer Director	$0	$0	$0
GWEN VAN BERNE CMA	CHAIR EMERITUS	4.00	Officer Director	$0	$0	$0
AHMED HASSAN CMA	DIRECTOR	2.00	Director	$0	$0	$0
ALI FATIH DALKILICCMACSCACIA	DIRECTOR	2.00	Director	$0	$0	$0
BERNICE JENKINS CMA CPA	DIRECTOR	2.00	Director	$0	$0	$0
BRAD LEDFORD CMA CPA	DIRECTOR	2.00	Director	$0	$0	$0
BRIGITTE DE GRAAF CMA	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES R WRIGHTCMACGMACPA	DIRECTOR	2.00	Director	$0	$0	$0
DANA C RIESSCMACFMCPACPIM	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH C MICHALOWSKI CPA	DIRECTOR	2.00	Director	$0	$0	$0
DEREK ALAN FUZZELLCMACSCACPA	DIRECTOR	2.00	Director	$0	$0	$0
DR DI WU CMA CPA	DIRECTOR	2.00	Director	$0	$0	$0
DR RINKU BHATTACHARYA CMACPA	DIRECTOR	4.00	Director	$0	$0	$0
DR ROOPA VENKATESH CMA	DIRECTOR	4.00	Director	$0	$0	$0
ERIC L LENARD CMA CFM	DIRECTOR	2.00	Director	$0	$0	$0
FATEMA ELZAHRAA EL WAKEEL CMA	DIRECTOR	2.00	Director	$0	$0	$0
FEMKE AARTS CMA CFE	DIRECTOR	2.00	Director	$0	$0	$0
GERALD T RATIGANJRCMACSCA	DIRECTOR	2.00	Director	$0	$0	$0
HESSEL H F BROUWER CMA	DIRECTOR	2.00	Director	$0	$0	$0
YASMIN M EL GIBALY CMA	DIRECTOR	2.00	Director	$0	$0	$0
JAVVADI H RAO CMA CFM CIA	DIRECTOR	2.00	Director	$0	$0	$0
JAYWARDHAN SEMWAL CMA	DIRECTOR	2.00	Director	$0	$0	$0
JOSCEL BARRIO DELOS CIELOS CMA CSCA	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE A BERGMAN CMA CPA	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J PHILLIPS CMA CFM	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA R HOGANSCMACSCA CPA	DIRECTOR	2.00	Director	$0	$0	$0
PATTI A HUMBLE CMA CFM CPA	DIRECTOR	2.00	Director	$0	$0	$0
PETER J DOLANCMACFMCSCACPA	DIRECTOR	4.00	Director	$0	$0	$0
QINGHUA LIU	DIRECTOR	2.00	Director	$0	$0	$0
QING ZHU CMA CSCA	DIRECTOR	2.00	Director	$0	$0	$0
SRIKRISHNA MANKAL CMA	DIRECTOR	2.00	Director	$0	$0	$0
SUNIL S DESHMUKH CMA CBM	DIRECTOR	4.00	Director	$0	$0	$0
TONY SHEUNG FAI KAM CMA	DIRECTOR	2.00	Director	$0	$0	$0
YI ZHANG CMA	DIRECTOR	4.00	Director	$0	$0	$0
ZHANGUANG DI CMA	DIRECTOR	2.00	Director	$0	$0	$0
RUSS PORTER CMA CFM CSCA	SR VICE PRESIDENT & CFO (THRU 08/23)	38.50	Officer	$290,248	$17,053	$307,301
CHRISTINE MILLAWAY CPA	SVP & CFO (BEG 11/23 - SEE SCH O)	38.50	Officer	$143,969	$0	$143,969
ELLEN GUREVICH CAE	VICE PRESIDENT	20.00	Highest	$277,252	$19,329	$296,581
PATRICIA STEFANCZYK CAE	VICE PRESIDENT	20.00	Highest	$240,921	$16,175	$257,096
JACKIE OPPENHEIM	VICE PRESIDENT	20.00	Highest	$228,700	$17,387	$246,087
MIAOMIAO TIAN	SR DIRECTOR (THRU 02/24)	20.00	Highest	$199,236	$9,722	$208,958
LISA BEAUDOIN	SR DIRECTOR (THRU 02/24)	20.00	Highest	$193,199	$10,026	$203,225
JEFFREY THOMSON CMA CSCA CAE	FORMER PRESIDENT & CEO	39.00		$566,123	$49,252	$615,375

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	$20,410,946	$19,704,264	$46,318,464	$706,682
2023	$20,826,836	$23,034,626	$47,304,030	$-2,207,790
2022	$21,584,629	$27,498,065	$56,534,906	$-5,913,436
2021	$24,203,073	$23,273,516	$73,087,120	$929,557
2020	$22,842,202	$22,436,500	$66,070,856	$405,702
2019	$22,603,144	$20,656,796	$62,832,710	$1,946,348

INSTITUTE OF MANAGEMENT ACCOUNTANTS INC