National Association of Black Accountants Inc New York Chapter

EIN: 237330127 501(c)(3)

New York, NY

Total Revenue
$68,824
Total Expenses
$63,283
Total Assets
$1,331,032
Net Assets
$1,182,819
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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
Paula Heywood
Phone
5166432625
Tax Period
2021-07-01 to 2021-12-31

National Association of Black Accountants Inc New York Chapter, founded in 1970, is a micro nonprofit that reported $69K in total revenue in fiscal year 2021. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $63K left a modest 8% surplus.

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

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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 (2021)

Revenue Breakdown

Contributions & Grants $68,878
Program Service Revenue $0
Investment Income $4,321
Other Revenue $-4,375
TOTAL REVENUE $68,824

Expense Breakdown

Grants Paid $52,489
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $63,283
Other Expenses $8,394
TOTAL EXPENSES $63,283

Year-over-Year Comparison

2021 2020 Change
Revenue $68,824 $124,603 -0.4%
Expenses $63,283 $56,419 +0.1%
Net Income $5,541 $68,184 -0.9%
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

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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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Bolaji-Fisher CPA Immediate Past President 8.00
Officer
$0 $0 $0
Paula Heywood MBA President 8.00
Officer
$0 $0 $0
Josh Vital CPA Vice President 8.00
Officer
$0 $0 $0
Nadine Cooper CPA Secretary 8.00
Officer
$0 $0 $0
Omari Thompson Membership Director 8.00
Director
$0 $0 $0
Patrice Turner Professional Development Director 8.00
Director
$0 $0 $0
Roberta Esther Vice President 8.00
Director
$0 $0 $0
Rethea Powell Community Affairs Director 8.00
Director
$0 $0 $0
Renee Morrison Student Membership Services Director 8.00
Director
$0 $0 $0
Krystal Gilbert Financial Education Director 8.00
Director
$0 $0 $0
Ainka Monroe Vice President 8.00
Director
$0 $0 $0
Sanjaye Thomas CPA Treasurer 8.00
Officer
$0 $0 $0
Maritsa Ulysse Institutional Partner Director 8.00
Director
$0 $0 $0
Marsha Millington Tax Director 8.00
Director
$0 $0 $0
Kevin Weems Public Relation Director 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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