Tax Analysts (EIN 237073182) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

Cara Griffith

Phone

7035334400

Tax Period

2024-07-01 to 2025-06-30

TAX ANALYSTS, founded in 1971, is a mid-sized nonprofit that reported $28.4M in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year.

Mission

Publishing and fostering tax policy debate. Ensuring disclosure of tax information to the public.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $36,959,119

Investment Income $10,956,459

Other Revenue $218,477

TOTAL REVENUE $48,134,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,033,703

Fundraising Expenses $0

Program Expenses $27,976,374

Other Expenses $9,722,885

TOTAL EXPENSES $36,756,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,134,055	$35,451,211	+0.4%
Expenses	$36,756,588	$33,613,952	+0.1%
Net Income	$11,377,467	$1,837,259	+5.2%

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

194

Volunteers

N/A

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

$968,937

Total Directors

$624,794

Key Employees

$1,480,315

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cara Griffith	Director, President/CEO	40.00	Officer Director	$589,002	$35,792	$624,794
Ameek Ashok Ponda	Director, Chair	1.00	Officer Director	$0	$0	$0
Joseph Huddleston	Director, Treasurer	1.00	Officer Director	$0	$0	$0
Sharda Cherwoo	Director	1.00	Director	$0	$0	$0
Thomas S Neubig	Director	1.00	Director	$0	$0	$0
David J Kautter	Director	1.00	Director	$0	$0	$0
Beth Tucker	Director	1.00	Director	$0	$0	$0
Eli Dicker	Director	1.00	Director	$0	$0	$0
Nina Olson	Director	1.00	Director	$0	$0	$0
Karen Hawkins	Director	1.00	Director	$0	$0	$0
Danielle Rolfes	Director	1.00	Director	$0	$0	$0
Sam Sim	Director	1.00	Director	$0	$0	$0
Samuel C Thomson Jr	Director	1.00	Director	$0	$0	$0
H David Rosenbloom	Director	1.00	Director	$0	$0	$0
Carl Walker	Chief Financial Officer	40.00	Officer	$320,409	$23,734	$344,143
Jeremy Scott	Chief Operating Officer	40.00	Key Emp	$366,823	$41,491	$408,314
Michael Berkeley	Chief Technology Officer	40.00	Key Emp	$284,010	$38,723	$322,733
Peter Billlingsley	Chief Growth Officer	40.00	Key Emp	$283,606	$33,314	$316,920
Chuck O'Toole	Chief Content Officer	40.00	Key Emp	$245,700	$7,747	$253,447
Ellen Kidwell	Chief People Officer (thru 9/2024)	40.00	Key Emp	$174,363	$4,538	$178,901
Lee Sheppard	Contributing Editor	40.00	Highest	$294,683	$21,670	$316,353
Martin Sullivan	Contributing Editor	40.00	Highest	$269,254	$12,624	$281,878
Eli Lasser	Sales Manager	40.00	Highest	$246,324	$34,747	$281,071
Kathryn Ellis	Sr. Director Global Sales	40.00	Highest	$238,216	$6,053	$244,269
Huttinger Robert	VP Customer Systems	40.00	Highest	$203,899	$10,618	$214,517

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	$48,134,055	$36,756,588	$88,996,650	$11,377,467
2024	$35,451,211	$33,613,952	$85,259,122	$1,837,259
2023	$32,815,595	$32,255,776	$77,500,529	$559,819
2023	$32,815,595	$32,255,776	$77,500,529	$559,819
2022	$30,930,203	$31,266,082	$71,277,023	$-335,879
2021	$30,727,891	$29,220,678	$82,280,774	$1,507,213
2020	$28,625,054	$27,962,011	$72,564,558	$663,043
2019	$28,383,036	$27,927,117	$74,045,865	$455,919

Tax Analysts