International Association for Correction & Forensic Psychology (EIN 371317135) - 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

1980

Legal Domicile

Principal Officer

Cherie Townsend

Phone

9104529823

Tax Period

2024-01-01 to 2024-12-31

International Association for Correction & Forensic Psychology, founded in 1980, is a small nonprofit in the Crime & Legal sector that reported $380K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $2.0M represent 64 months of operating reserves.

Mission

The International Association for Correctional and Forensic Psychology (IACFP) serves to advance the development and implementation of innovative evidence-and practitioner-informed policies and practices to support correctional and forensic psychologists and other helping professionals who work with justice-involved individuals. The IACFP's most significant activities include publication of a journal, Criminal Justice and Behavior. The IACFP also supports its members by providing information on best practice, programs and practitioner recognition. It provides access to and supports current research and educational opportunities to support implementation of the organization's mission.

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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 $98,000

Program Service Revenue $17,719

Investment Income $62,154

Other Revenue $202,488

TOTAL REVENUE $380,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,991

Other Expenses $409,828

TOTAL EXPENSES $409,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,361	$321,598	+0.2%
Expenses	$409,828	$449,169	-0.1%
Net Income	$-29,467	$-127,571	-0.8%

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

$99,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK PORPORINO	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
CHERIE TOWNSEND	EXECUTIVE DIRECTOR	20.00	Director	$99,000	$0	$99,000
DIANE WILLIAMS	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH SHELTON	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD ALTHOUSE	SECRETARY	2.00	Officer Director	$0	$0	$0
EMMA BLACK REGAN	PRESIDENT - ELECT	2.00	Director	$0	$0	$0
JIM DEGROOT	DIRECTOR	2.00	Director	$0	$0	$0
MATT EPPERSON	DIRECTOR	2.00	Director	$0	$0	$0
MELVIN HINTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAVEL JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
SILVIA MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY METZNER	DIRECTOR	2.00	Director	$0	$0	$0
Jessica Borg	DIRECTOR	2.00	Director	$0	$0	$0
GABRIEL ONG	DIRECTOR	2.00	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
2024	$380,361	$409,828	$2,020,266	$-29,467
2023	$321,598	$449,169	$1,985,756	$-127,571
2022	$325,154	$356,062	$1,921,012	$-30,908
2021	$308,974	$294,946	$2,131,517	$14,028
2020	$401,200	$316,988	$1,975,158	$84,212
2019	$409,199	$351,108	$1,799,752	$58,091
2018	$379,374	$376,125	$1,683,891	$3,249

International Association for Correction & Forensic Psychology