PENNSYLVANIA INSTITUTE OF CERTIFIE… - 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

1904

Legal Domicile

Principal Officer

JENNIFER CRYDER CPA MBA

Phone

2154969272

Tax Period

2024-05-01 to 2025-04-30

PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, founded in 1904, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $8.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (PICPA) PRESERVES THE LEGACY AND PROPELS THE INTEGRITY OF THE CPA PROFESSION. WITH OVER 20,000 MEMBERS, PICPA'S MISSION IS TO FURTHER THE WELL-BEING OF ITS MEMBERS WHILE UPHOLDING THE PUBLIC INTEREST.

Program Service Accomplishments

Program 1

VOICE OF THE PROFESSION - PICPA MEMBERS ARE HIGHLY RESPECTED AND POSITIONED TO RESPOND TO LEGISLATORS, REGULATORS, THE BUSINESS COMMUNITY, MEDIA, AND CONSUMERS AT LARGE WITH MESSAGING DEVELOPED...

VOICE OF THE PROFESSION - PICPA MEMBERS ARE HIGHLY RESPECTED AND POSITIONED TO RESPOND TO LEGISLATORS, REGULATORS, THE BUSINESS COMMUNITY, MEDIA, AND CONSUMERS AT LARGE WITH MESSAGING DEVELOPED COLLABORATIVELY, PRESENTED CONSISTENTLY, AND DELIVERED PROFESSIONALLY TO PROTECT THE PUBLIC INTEREST AND ADVOCATE ON BEHALF OF THE PROFESSION. PICPA PROVIDES THE TOOLS, RESOURCES, AND GUIDANCE TO ASSIST MEMBERS WITH THESE EFFORTS.PICPA HOSTED A MIX OF LIVE AND VIRTUAL MEMBER EVENTS IN FISCAL YEAR 2025 AND ANTICIPATES AN ONGOING MIX OF LIVE AND VIRTUAL MEMBER EVENTS FOR FISCAL YEAR 2026.

Program 2

ENGAGEMENT - PICPA MEMBERS BUILD THEIR PROFESSIONAL NETWORK, COLLABORATE WITH COLLEAGUES TO DEVELOP TECHNICAL RESOURCES, HEIGHTEN THE CPA PRESENCE IN THE BUSINESS COMMUNITY AND THE GENERAL PUBLIC...

ENGAGEMENT - PICPA MEMBERS BUILD THEIR PROFESSIONAL NETWORK, COLLABORATE WITH COLLEAGUES TO DEVELOP TECHNICAL RESOURCES, HEIGHTEN THE CPA PRESENCE IN THE BUSINESS COMMUNITY AND THE GENERAL PUBLIC, AFFECT LEGISLATION IN PA, AND RECOGNIZE AND RESPECT THEIR PEERS. PICPA HOSTS A WIDE VARIETY OF NETWORKING PROGRAMS AND SUPPORTS NUMEROUS SOCIAL MEDIA TOOLS TO PROVIDE MEMBERS THE OPPORTUNITIES TO SHARE IDEAS AND COLLABORATE.

Program 3

PROFESSIONAL DEVELOPMENT - PICPA MEMBERS EXPERIENCE PROFESSIONAL AND PERSONAL GROWTH BY COMMENTING ON EMERGING TECHNICAL ISSUES, SHARING KNOWLEDGE IN A COLLABORATIVE ENVIRONMENT, BUILDING BUSINESS...

PROFESSIONAL DEVELOPMENT - PICPA MEMBERS EXPERIENCE PROFESSIONAL AND PERSONAL GROWTH BY COMMENTING ON EMERGING TECHNICAL ISSUES, SHARING KNOWLEDGE IN A COLLABORATIVE ENVIRONMENT, BUILDING BUSINESS RELATIONSHIPS AMONG PEERS, AND DEVELOPING LEADERSHIP SKILLS TO ENHANCE JOB PERFORMANCE AND CAREER PROSPECTS. PICPA HAS NUMEROUS STATE AND LOCAL COMMITTEES THAT SERVE AS THE PRIMARY METHOD FOR THE DELIVERY OF THESE SERVICES. PICPA ALSO PROVIDES VIRTUAL EVENTS AND NETWORKING OPPORTUNITIES TO RETAIN HIGH LEVELS OF MEMBER ENGAGEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,095

Program Service Revenue $5,859,278

Investment Income $248,101

Other Revenue $93,571

TOTAL REVENUE $6,202,045

Expense Breakdown

Grants Paid $457,340

Salaries & Benefits $4,295,940

Fundraising Expenses $0

Other Expenses $3,203,669

TOTAL EXPENSES $7,956,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,202,045	$6,537,956	-0.1%
Expenses	$7,956,949	$4,773,180	+0.7%
Net Income	$-1,754,904	$1,764,776	-2.0%

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

1750

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

$1,049,235

Total Directors

Key Employees

$967,774

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW MELINSON CPA	PRESIDENT	2.00	Officer Director	$0	$0	$0
SEAN MCVEY CPA	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
ASHLEY STAMPONE CPA	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
TIMOTHY MARTIN CPA	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID STONESIFER CPA	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
ELIZABETH KRISHER CPA	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL AIELLO CPA	DIRECTOR	2.00	Director	$0	$0	$0
BRADLEY W BATURKA CPA	DIRECTOR	2.00	Director	$0	$0	$0
SARA BRUTON CPA	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDER MILLER CPA	DIRECTOR	2.00	Director	$0	$0	$0
ENZO SANTILLI CPA	DIRECTOR	2.00	Director	$0	$0	$0
KYLE SOMERS CPA	DIRECTOR	2.00	Director	$0	$0	$0
JOANNE SZUPKA CPA	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER CRYDER CPA MBA	CEO, SECRETARY	17.00	Officer	$408,353	$54,182	$462,535
ADAM BATCHELOR	COO	19.00	Officer	$245,086	$46,295	$291,381
KYLE BICKHART CPA	CFO - AS OF JUL 2024	28.00	Officer	$160,000	$0	$160,000
CORY NG CPA	CFO - LEFT JUL 2024	28.00	Officer	$134,899	$420	$135,319
ALLISON HENRY CPA CGMA	VP PROF & TECH STANDARDS	40.00	Key Emp	$242,900	$17,008	$259,908
HENRY BERNET	VP TECHNOLOGY	40.00	Key Emp	$218,056	$40,528	$258,584
PETER CALCARA	VP GOVERNMENT RELATIONS	40.00	Key Emp	$203,594	$45,854	$249,448
ERIC ELMORE	VP MARKETING & MEMBER EXPE	40.00	Key Emp	$172,982	$26,852	$199,834
ROBERT WILKER	CEO CPAX & VP OF OPERATIONS	40.00	Highest	$184,093	$28,964	$213,057
JONATHAN BOEHMKE	DEVELOPMENT & DATA MANAGER	40.00	Highest	$176,075	$14,731	$190,806
HEATHER TROWER CPA	PROF & TECH STANDARDS MANA	40.00	Highest	$155,371	$30,822	$186,193
JESSICA D' AMICO	VP PROGRAMS & FOUNDATION	40.00	Highest	$155,922	$23,729	$179,651
KELLY WAFFLE	DIRECTOR, INNOVATION & GROWTH	40.00	Highest	$144,828	$14,681	$159,509

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	$6,202,045	$7,956,949	$16,696,893	$-1,754,904
2024	$6,537,956	$4,773,180	$17,237,476	$1,764,776
2023	$6,200,448	$6,042,166	$15,108,831	$158,282
2022	$6,707,234	$5,884,292	$13,942,705	$822,942
2021	$6,226,507	$7,029,452	$15,048,805	$-802,945
2020	$6,601,968	$6,296,932	$11,374,104	$305,036
2019	$6,439,496	$5,840,910	$11,692,052	$598,586

PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS