Maryland Association of Certified … - Form 990 Financial Data

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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

1901

Legal Domicile

Principal Officer

LAURA SWANN

Phone

4102966250

Tax Period

2024-07-01 to 2025-06-30

Maryland Association of Certified Public Accountants Inc, founded in 1901, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024.

Mission

THE MACPA PROVIDES PROFESSIONAL DEVELOPMENT, REGULATORY, PROMOTIONAL AND ADVOCACY SERVICES TO ITS MEMBERS, SUPPORTING THEIR EFFORTS TO CONFORM TO HIGH STANDARDS OF PROFESSIONAL SERVICE AND CONDUCT.

Program Service Accomplishments

Program 1

MEMBERSHIP & ADVOCACY - MACPA IS THE ONLY STATE-WIDE ORGANIZATION DEDICATED TO ADVANCING THE CPA PROFESSION AND ADVOCATING FOR MARYLAND CPAS. MACPA REPRESENTS MARYLAND CPAS AND THE ACCOUNTING AND...

MEMBERSHIP & ADVOCACY - MACPA IS THE ONLY STATE-WIDE ORGANIZATION DEDICATED TO ADVANCING THE CPA PROFESSION AND ADVOCATING FOR MARYLAND CPAS. MACPA REPRESENTS MARYLAND CPAS AND THE ACCOUNTING AND FINANCE PROFESSION IN FRONT OF THE MARYLAND LEGISLATURE AND THE MARYLAND DEPARTMENT OF LABOR TO ENSURE THE VOICES OF MARYLAND CPAS AND ACCOUNTING AND FINANCE PROFESSIONALS ARE REPRESENTED AND HEARD.

Program 2

PROFESSIONAL DEVELOPMENT - MACPA OFFERS WORLD-CLASS CONTINUING PROFESSIONAL EDUCATION TO ITS MEMBERS TO ENSURE THEY ARE TECHNICALLY PROFICIENT AND FUTURE READY, ENABLING THEM TO THRIVE IN A...

PROFESSIONAL DEVELOPMENT - MACPA OFFERS WORLD-CLASS CONTINUING PROFESSIONAL EDUCATION TO ITS MEMBERS TO ENSURE THEY ARE TECHNICALLY PROFICIENT AND FUTURE READY, ENABLING THEM TO THRIVE IN A CONSTANTLY CHANGING WORLD.

Program 3

ADVERTISING & SPONSORSHIP - MACPA PARTNERS WITH BEST-IN-CLASS PROVIDERS TO OFFER OUR MEMBERS SOLUTIONS TO THEIR TECHNOLOGY, INSURANCE, AND OPERATIONAL NEEDS.

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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 $3,268,617

Investment Income $337,072

Other Revenue $190,281

TOTAL REVENUE $3,795,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,761,742

Fundraising Expenses $0

Other Expenses $1,927,663

TOTAL EXPENSES $3,689,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,795,970	$3,630,234	+0.0%
Expenses	$3,689,405	$3,557,282	+0.0%
Net Income	$106,565	$72,952	+0.5%

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

203

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

$434,248

Total Directors

$289,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBEKAH J BROWN OLSON	CEO	40.0	Officer Director	$260,162	$29,740	$289,902
MICHELLE BROWN	CHIEF GROWTH & INNOV OFFICER	40.0	Highest	$151,638	$7,114	$158,752
WILLIAM D SHERIDAN	CHIEF COMMUNICATIONS OFFICER	40.0	Highest	$133,801	$20,337	$154,138
LAURA A SWANN	CFO	40.0	Officer	$130,929	$13,417	$144,346
MARY BETH HALPERN	DIR OF TECHNICAL & REGULATORY	40.0	Highest	$107,774	$24,465	$132,239
THOMAS WHITE	CHAIR	2.0	Officer Director	$0	$0	$0
MAXENE BARDWELL	CHAIR-ELECT	2.0	Officer Director	$0	$0	$0
SAVEDRA SCOTT	SECRETARY/TREASURER	2.0	Officer Director	$0	$0	$0
CHRISTINE ASPELL	PAST CHAIR	2.0	Officer Director	$0	$0	$0
KARL AHLRICHS	DIRECTOR	1.0	Director	$0	$0	$0
MONIQUE BOOKER	DIRECTOR	1.0	Director	$0	$0	$0
JACKIE CARDELLO	DIRECTOR	1.0	Director	$0	$0	$0
MICHELE CHALMERS	DIRECTOR	1.0	Director	$0	$0	$0
BO FITZPATRICK	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT GOLDSTEIN	DIRECTOR	1.0	Director	$0	$0	$0
GREGORY REPAS	DIRECTOR	1.0	Director	$0	$0	$0
JANICE STUCKE	DIRECTOR	1.0	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	$3,795,970	$3,689,405	$6,033,387	$106,565
2024	$3,630,234	$3,557,282	$5,877,616	$72,952
2023	$4,043,471	$3,723,885	$5,554,041	$319,586
2022	$4,893,565	$3,936,700	$4,891,686	$956,865
2021	$4,922,234	$4,140,350	$5,874,281	$781,884
2020	$4,926,021	$4,200,614	$4,471,905	$725,407
2019	$5,280,398	$4,811,763	$3,756,135	$468,635
2018	$5,321,015	$5,088,982	$4,424,007	$232,033

Maryland Association of Certified Public Accountants Inc