THE ACADEMY OF COGNITIVE THERAPY

EIN: 472315866 Community Improvement

PHILADELPHIA, PA

Total Revenue
$442,430
Total Expenses
$653,734
Total Assets
$1,033,198
Net Assets
$1,033,198
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
PA
Principal Officer
JAMIE SCHUMPF
Phone
2157960842
Tax Period
2025-01-01 to 2025-12-31

THE ACADEMY OF COGNITIVE THERAPY, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $442K in total revenue in fiscal year 2025. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $654K exceeded revenue, resulting in a 48% operating deficit.

Mission

PROMOTE THE ACHIEVEMENT OF EXCELLENCE IN COGNITIVE THERAPY THROUGH EDUCATION, CERTIFICATION, PROFESSIONAL DEVELOPMENT AND NETWORKING AMONG ITS MEMBERS AND ALL OTHER ACTIONS NECESSARY, PROPER, ADVISABLE, OR CONVENIENT FOR THE ACCOMPLISHMENT OF THESE PURPOSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $441,143
Investment Income $287
Other Revenue $0
TOTAL REVENUE $442,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $280,834
Fundraising Expenses $0
Other Expenses $372,900
TOTAL EXPENSES $653,734

Year-over-Year Comparison

2025 2024 Change
Revenue $442,430 $835,925 -0.5%
Expenses $653,734 $897,773 -0.3%
Net Income $-211,304 $-61,848 +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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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
10

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
$124,800
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE SCHUMPF PRESIDENT 6.00
Officer Director
$0 $0 $0
SCOTT WALTMAN PRESIDENT-ELECT 6.00
Officer Director
$0 $0 $0
MUDITA BAHADUR TREASURER 6.00
Officer Director
$0 $0 $0
JANEE STEELE SECRETARY 4.00
Officer Director
$0 $0 $0
JOEL BECKER BOARD MEMBER 4.00
Director
$0 $0 $0
STEVEN HOLLON BOARD MEMBER 4.00
Director
$0 $0 $0
MELISSA HARRISON BOARD MEMBER 4.00
Director
$0 $0 $0
SIMON REGO BOARD MEMBER (AS OF 1/2025) 4.00
Director
$0 $0 $0
HOLLIE GRANATO BOARD MEMBER (AS OF 1/2025) 4.00
Director
$0 $0 $0
KELLEY JOYNER OPERATIONS DIRECTOR 23.00
Officer
$124,800 $0 $124,800
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 $442,430 $653,734 $1,033,198 $-211,304
2024 $835,925 $897,773 $1,185,479 $-61,848
2023 $731,661 $795,793 $1,053,949 $-64,132
2022 $757,089 $889,443 $1,116,172 $-132,354
2021 $779,248 $754,771 $1,323,858 $24,477
2020 $548,381 $602,183 $1,255,922 $-53,802
2019 $495,262 $480,241 $1,299,211 $15,021
2018 $835,617 $638,287 $1,263,583 $197,330
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