FORT WORTH CHAPTER TEXAS SOCIETY O… - 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

1993

Legal Domicile

Principal Officer

JENNIFER DAVIS

Phone

9726878500

Tax Period

2024-06-01 to 2025-05-31

FORT WORTH CHAPTER TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, founded in 1993, is a small nonprofit that reported $246K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $284K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE FORT WORTH CHAPTER, TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, (TXCPA), FOUNDED IN 1929, IS AN ORGANIZATION OF APPROXIMATELY 2,600 MEMBERS. THE CHAPTER, TOGETHER WITH THE TXCPA, WORKS TO ENHANCE THE INTEGRITY OF THE CPA CERTIFICATE BY DEVELOPING MEMBERS AND VOLUNTEERS BY IMPLEMENTING PROGRAMS THAT BUILD PROFESSIONAL SKILLS, PROVIDING EDUCATIONAL PROGRAMS, BROADEN PUBLIC PERCEPTION OF CPAS' KNOWLEDGE AND SERVICES, AND FACILITATING MEMBERS' DELIVERY OF SERVICES TO MEET MARKET NEEDS.

Program Service Accomplishments

Program 1

The Chapter supported the professional development of its 2,246 members while promoting the value and high standards of Texas CPAs in the Fort Worth region. This mission was advanced through programs and activities designed to facilitate member networking, peer collaboration, and continuing professional education. During the reporting period, the Chapter held 18 committee meetings with 238 participants, presented five continuing professional education programs attended by 496 participants, and hosted 20 member networking events with 941 participants, for a combined total attendance of 1,675 participants.

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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 $0

Program Service Revenue $226,932

Investment Income $16,657

Other Revenue $2,460

TOTAL REVENUE $246,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $284,140

TOTAL EXPENSES $284,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,049	$278,608	-0.1%
Expenses	$284,140	$228,837	+0.2%
Net Income	$-38,091	$49,771	-1.8%

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

145

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW HALL	Vice President	0.50	Officer Director	$0	$0	$0
Cynthia Beavers	Director	0.25	Director	$0	$0	$0
DAPHNE ALEXANDER	Director	0.25	Director	$0	$0	$0
SANDRA BEMBENEK	Director	0.25	Director	$0	$0	$0
TRAM LE	Director	0.25	Director	$0	$0	$0
KIMBERLY KNOX-LEWIS	President-elect	0.50	Officer Director	$0	$0	$0
Lindsey Kennimer	Director	0.25	Director	$0	$0	$0
JOSHUA WILLSON	Vice President	0.50	Officer Director	$0	$0	$0
GARY TONNIGES JR	President	0.50	Officer Director	$0	$0	$0
STEPHANIE SHANER	Past-President	0.50	Officer Director	$0	$0	$0
KATELYN STRITTMATTER	Secretary	0.50	Officer Director	$0	$0	$0
Sara Caldwell	Director	0.25	Director	$0	$0	$0
ALLYSON BAUMEISTER	Director	0.25	Director	$0	$0	$0
THOMAS WYATT	Director	0.25	Director	$0	$0	$0
STEPHANIE BUDUHAN	Treasurer	0.50	Officer Director	$0	$0	$0
JEFF EATON	Director	0.25	Director	$0	$0	$0
Britton Pavlic	Director	0.25	Director	$0	$0	$0
BEN JOHNS	Director	0.25	Director	$0	$0	$0
Jeffrey Kurland	Director	0.25	Director	$0	$0	$0
JONATHAN CAMERON	Treasurer-elect	0.50	Officer Director	$0	$0	$0
CHRIS LUCAS	Vice President	0.50	Officer Director	$0	$0	$0
ASHLEY VOSS	Director	0.25	Director	$0	$0	$0
NORMAN ROBBINS III	Director	0.25	Director	$0	$0	$0
TATIANA MARKOV	Director	0.25	Director	$0	$0	$0
CHRISTINE BESSERT	Director	0.25	Director	$0	$0	$0
TIMOTHY PIKE	Director	0.25	Director	$0	$0	$0
RACHEL GLASSER	Director	0.25	Director	$0	$0	$0
MEGAN TERRELL	Director	0.25	Director	$0	$0	$0
LEI TESTA	Director	0.25	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	$246,049	$284,140	$715,045	$-38,091
2024	$278,608	$228,837	$760,396	$49,771
2023	$252,027	$201,966	$707,569	$50,061
2022	$472,928	$370,746	$674,277	$102,182
2021	$374,196	$339,248	$675,766	$34,948
2020	$502,824	$478,376	$518,035	$24,448
2019	$669,857	$658,893	$565,410	$10,964

FORT WORTH CHAPTER TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS