FEDERATION OF TAX ADMINISTRATORS

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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

1937

Legal Domicile

Principal Officer

SHARONNE BONARDI

Phone

2026245890

Tax Period

2023-07-01 to 2024-06-30

FEDERATION OF TAX ADMINISTRATORS, founded in 1937, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE THE TECHNIQUES OF TAX ADMINISTRATORS AND THE WORK OF THEIR PROFESSION, AND TO ADVANCE STANDARDS OF TAX ADMINISTRATION.

Program Service Accomplishments

Program 1

Expenses: $1,581,480 Revenue: $2,766,177

TRAINING - THE FEDERATION CONDUCTS A NUMBER OF MEETINGS, CONFERENCES, AND WORKSHOPS EACH YEAR. THE ANNUAL MEETING IS DEVOTED TO A SUBSTANTIVE DISCUSSION OF EMERGING STATE AND FEDERAL TAX POLICY AND OTHER TOPICS OF CONCERN TO STATE ADMINISTRATORS. PRACTITIONERS FORUMS ARE ALSO CONDUCTED BY THE MOTOR FUEL TAX SECTION AND TOBACCO TAX SECTION.

Program 2

Expenses: $2,488,645 Revenue: $202,529

INFORMATION EXCHANGE - THE FEDERATION REGULARLY MONITORS THE ACTIVITIES OF STATE TAX AGENCIES AND THE FEDERAL GOVERNMENT IN ORDER TO SERVE AS A CLEARINGHOUSE ON TOPICS IMPORTANT TO ADMINISTRATORS...

INFORMATION EXCHANGE - THE FEDERATION REGULARLY MONITORS THE ACTIVITIES OF STATE TAX AGENCIES AND THE FEDERAL GOVERNMENT IN ORDER TO SERVE AS A CLEARINGHOUSE ON TOPICS IMPORTANT TO ADMINISTRATORS. THE FEDERATION ALSO CONDUCTS RESEARCH PROJECTS IN SUCH AREAS AS STATE TAX POLICIES AND STRUCTURES, COMPLIANCE & ENFORCEMENT PROGRAMS, AND COURT DECISIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,775,023

Program Service Revenue $2,968,706

Investment Income $113,545

Other Revenue $0

TOTAL REVENUE $4,857,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,547,420

Fundraising Expenses $0

Program Expenses $4,070,125

Other Expenses $3,272,315

TOTAL EXPENSES $4,819,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,857,274	$4,368,489	+0.1%
Expenses	$4,819,735	$4,023,698	+0.2%
Net Income	$37,539	$344,791	-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

Governance

Voting Members

Independent Members

Employees

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

$254,007

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK MADUROS	PRESIDENT	1.00	Officer Director	$0	$0	$0
VERNON BARNETT	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH RICHARDSON	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
NEENA SAVAGE	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA HILLER	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY STEPP	TRUSTEE	1.00	Director	$0	$0	$0
JIM ZINGALE	TRUSTEE	1.00	Director	$0	$0	$0
RONALD PENNY	TRUSTEE	1.00	Director	$0	$0	$0
BOB GRENNES	TRUSTEE	1.00	Director	$0	$0	$0
JOHN VALENTINE	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE SCHARDIN CLARKE	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK BROWNE	TRUSTEE	1.00	Director	$0	$0	$0
PHILLIP ASHLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARITA SCIAROTTA	TRUSTEE	1.00	Director	$0	$0	$0
TOM MILLER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CASEY	TRUSTEE	1.00	Director	$0	$0	$0
KEVITA KALE	TRUSTEE	1.00	Director	$0	$0	$0
SHARONNE BONARDI	EXECUTIVE DIRECTOR	40.00	Officer	$229,444	$24,563	$254,007
RYAN MINNICK	CHIEF OPERATING OFFICER	40.00	Highest	$162,010	$24,800	$186,810
RONALD ALT	DIRECTOR OF ECONOMIC AND T	40.00	Highest	$148,033	$34,523	$182,556
TERRI STEENBLOCK	DIRECTOR OF TAX AND REVENU	40.00	Highest	$124,915	$28,444	$153,359
CINDY ANDERS-ROBB	SENIOR MANAGER OF MOTOR FU	40.00	Highest	$120,848	$33,301	$154,149
BRIAN OLINER	GENERAL COUNSEL	40.00	Highest	$162,400	$6,072	$168,472

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	No data	No data	No data	No data
2024	$4,857,274	$4,819,735	$4,041,408	$37,539
2023	$4,368,489	$4,023,698	$3,951,083	$344,791
2022	$3,141,354	$2,761,059	$3,105,174	$380,295
2021	$1,708,736	$1,758,257	$2,578,752	$-49,521
2020	$2,865,732	$2,817,261	$2,641,597	$48,471
2019	$3,516,607	$3,081,239	$3,074,515	$435,368
2018	$3,058,164	$2,757,487	$2,464,774	$300,677