FEDERATION OF ASSOCIATIONS OF REGULATORY BOARDS (EIN 237375992) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

MICHAEL J ARMSTRONG

Phone

3342699990

Tax Period

2024-04-01 to 2025-03-31

FEDERATION OF ASSOCIATIONS OF REGULATORY BOARDS, founded in 1974, is a small nonprofit that reported $432K in total revenue in fiscal year 2017. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO ADVANCE EXCELLANCE IN REGULATION OF THE PROFESSIONS IN THE INTEREST OF PUBLIC PROTECTION.

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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 $226,006

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,241

Other Expenses $224,363

TOTAL EXPENSES $224,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,006	$396,138	-0.4%
Expenses	$224,363	$424,464	-0.5%
Net Income	$1,643	$-28,326	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J ARMSTRONG	PRESIDENT	5.00	Officer Director	$0	$0	$0
VERONICA MEADOWS	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DEBRA PERSINGER	SECRETARY-TR	5.00	Officer Director	$0	$0	$0
DARLENE PAULL	PAST PRESIDE	1.00	Director	$0	$0	$0
MATTHEW BARUSCH MPA	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE GRACHEK MED CAE	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA TWITTY	DIRECTOR	1.00	Director	$0	$0	$0
DAPHNE TABBYTITE MBA CAE	DIRECTOR	1.00	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
2025	$226,006	$224,363	$48,998	$1,643
2024	$396,138	$424,464	$37,119	$-28,326
2023	$388,268	$411,772	$107,088	$-23,504
2022	$353,448	$421,313	$116,743	$-67,865
2021	$235,458	$207,461	$187,202	$27,997
2020	$412,323	$414,052	$117,544	$-1,729
2019	$506,818	$415,873	$158,208	$90,945
2018	$431,926	$433,116	$94,456	$-1,190

FEDERATION OF ASSOCIATIONS OF REGULATORY BOARDS