AFP CONSORTIUM

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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

2008

Legal Domicile

Principal Officer

Dennis Carney

Phone

7206633544

Tax Period

2025-01-01 to 2025-12-31

AFP CONSORTIUM, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $44K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $56K exceeded revenue, resulting in a 26% operating deficit.

Mission

Industry consortium engaged in advancing the features and function of the Advanced Function Presentation (AFP) printing document architecture. The AFPC creates and publishes (at no cost) industry standards that foster multi-vendor interoperability in the production, transaction, and archival of mission-critical documents. Some of the AFPC activity leads to ultimate ISO standards.

Program Service Accomplishments

Program 1

Conducted Architecture Review Board, Spring 2025 in Boulder, Colorado

Program 2

Conducted Architecture Review Board, Fall 2024, in Lyon, France

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $44,445

Other Revenue $0

TOTAL REVENUE $44,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $30,419

TOTAL EXPENSES $56,010

Year-over-Year Comparison

	2025	2024	Change
Revenue	$44,445	$47,178	-0.1%
Expenses	$56,010	$39,184	+0.4%
Net Income	$-11,565	$7,994	-2.4%

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

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
Don Brown - Ricoh USA	Director	0.25	Director	$0	$0	$0
Roberto Anzola - ISIS Papyrus	Director	0.25	Director	$0	$0	$0
Robert Link - Canon	Director	0.25	Director	$0	$0	$0
Karsten Andreassen - MPI Tech	Director	0.25	Director	$0	$0	$0
Pat Glenski - IBM	Director	0.25	Director	$0	$0	$0
Dennis Carney - Ricoh USA	President, Secretary, and Treasurer	20	Officer	$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	$44,445	$56,010	$1,329,301	$-11,565
2024	$47,178	$39,184	$1,340,866	$7,994
2023	$28,900	$43,919	$1,332,872	$-15,019
2022	$5,268	$3,021	$1,347,891	$2,247
2021	$12,818	$776	$1,345,644	$12,042
2020	$92,240	$14,076	$1,333,602	$78,164