National Association of Black Accountants Inc New York Chapter

EIN: 237330127 501(c)(3)

New York, NY

Total Revenue
$124,603
Total Expenses
$56,419
Total Assets
$1,266,645
Net Assets
$1,091,575
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NY
Principal Officer
Karen Fisher
Phone
5166432625
Tax Period
2020-07-01 to 2021-06-30

National Association of Black Accountants Inc New York Chapter, founded in 1970, is a small nonprofit that reported $125K in total revenue in fiscal year 2020. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $68K, a strong 55% operating margin.

Mission

To address the professional needs of its members and develop leaders who will shape the future of the accounting and finance professions with an unfaltering commitment to inspire the same in their successors

Program Service Accomplishments

Program 1
Expenses: $43,749 Revenue: $0

Student Membership: To encourage the next generation of young professionals to consider opportunities in accounting. We provide scholarships to deserving students preparing to enter various business...

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Student Membership: To encourage the next generation of young professionals to consider opportunities in accounting. We provide scholarships to deserving students preparing to enter various business professions.

Program 2
Expenses: $12,670 Revenue: $155,615

Professional Memberships: Promote and develop professional skills of members

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $156,615
Program Service Revenue $0
Investment Income $0
Other Revenue $-32,012
TOTAL REVENUE $124,603

Expense Breakdown

Grants Paid $43,252
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,419
Other Expenses $13,167
TOTAL EXPENSES $56,419

Year-over-Year Comparison

2020 2019 Change
Revenue $124,603 $112,415 +0.1%
Expenses $56,419 $81,896 -0.3%
Net Income $68,184 $30,519 +1.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
50

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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Bolaji-Fisher CPA President 8.00
Officer
$0 $0 $0
Paula Heywood MBA Vice President 8.00
Officer
$0 $0 $0
Carolyn Dawson CPA Vice President 8.00
Officer
$0 $0 $0
Josh Vital CPA Vice President 8.00
Officer
$0 $0 $0
Marlynka Dorimain CFE Treasurer 8.00
Officer
$0 $0 $0
Nadine Cooper CPA Secretary 8.00
Officer
$0 $0 $0
Omari Thompson Director 8.00
Director
$0 $0 $0
Patrice Turner Director 8.00
Director
$0 $0 $0
Roberta Esther Director 8.00
Director
$0 $0 $0
Rethea Powell Director 8.00
Director
$0 $0 $0
Trishann Antoine-Despinosse Director 8.00
Director
$0 $0 $0
Renee Morrison Director 8.00
Director
$0 $0 $0
Krystal Gilbert Director 8.00
Director
$0 $0 $0
Kim Parris Past President 8.00
Director
$0 $0 $0
Ainka Monroe Parliamentarian 8.00
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
2021 $124,603 $56,419 $1,266,645 $68,184
2021 $68,824 $63,283 $1,331,032 $5,541
2020 $112,415 $81,896 $954,115 $30,519
2019 $112,813 $85,762 $948,787 $27,051
2018 $123,613 $89,235 $882,986 $34,378
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