NATIONAL ACCREDITING COMMISSION OF CAREER ARTS & SCIENCES INC (EIN 520902160) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

DARIN M WALLACE ESQ

Phone

7036007600

Tax Period

2024-07-01 to 2025-06-30

NATIONAL ACCREDITING COMMISSION OF CAREER ARTS & SCIENCES INC, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $7.7M in total revenue in fiscal year 2017. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 16% operating margin.

Mission

TO ADVANCE AND DEVELOP EDUCATIONAL STANDARDS IN THE FIELDS OF COSMETOLOGY, BARBERING, MANICURING, MASSAGE THERAPY, AND COGNATE AREAS WHICH SERVE TO SUPPLEMENT THE PRACTICAL, SCIENTIFIC, AND BUSINESS SKILLS OF THOSE PROFESSIONS. COSMETOLOGY CONCERNS THE CARE FOR THE HEALTH, CONDITION, AND APPEARANCE OF HAIR, SKIN, NAILS, AND COGNATE AREAS; TO GIVE RECOGNITION THROUGH ACCREDITATION TO SCHOOLS THAT MAINTAIN HIGH STANDARDS OF COSMETOLOGY, BARBERING, MANICURING, MASSAGE THERAPY, OR HEALTH & WELLNESS EDUCATION AND ASSURE QUALITY PROGRAMS FOR THEIR STUDENTS; TO ENCOURAGE HIGH STANDARDS OF ETHICAL AND PROFESSIONAL CONDUCT AND PROGRAMS DESIGNED TO IMPROVE SERVICE TO THE PUBLIC IN THE FIELDS OF COSMETOLOGY, BARBERING, MANICURING, MASSAGE THERAPY, AND COGNATE AREAS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,463,248

Investment Income $162,836

Other Revenue $0

TOTAL REVENUE $6,626,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,485,840

Fundraising Expenses $0

Program Expenses $5,375,067

Other Expenses $3,118,090

TOTAL EXPENSES $6,603,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,626,084	$7,210,284	-0.1%
Expenses	$6,603,930	$6,661,952	0.0%
Net Income	$22,154	$548,332	-1.0%

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

N/A

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

$457,323

Total Directors

$181,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK TRIEU	COMMISSIONER - CHAIRMAN	5.00	Officer Director	$14,520	$0	$14,520
STEVEN DAWSON	COMMISSIONER - FIRST VICE - CHAIR	5.00	Officer Director	$17,170	$0	$17,170
DIANNA PETERSON	COMMISSIONER -SECOND VICE-CHAIR	5.00	Officer Director	$14,440	$0	$14,440
DOROTHY MCKINLEY-SORESSI	COMMISSIONER - TREASURER	5.00	Officer Director	$13,170	$0	$13,170
REBECCA BROCKMANN	COMMISSIONER - SECRETARY	5.00	Officer Director	$15,360	$0	$15,360
SALVATORE PAPPACODA	COMMISSIONER	5.00	Director	$15,960	$0	$15,960
KENNETH YOUNG	COMMISSIONER	5.00	Director	$14,185	$0	$14,185
DAYKEL MENENDEZ	COMMISSIONER	5.00	Director	$12,640	$0	$12,640
RALPH P DELSERONE III	COMMISSIONER	5.00	Director	$10,260	$0	$10,260
JOHN RODDY	COMMISSIONER	5.00	Director	$17,740	$0	$17,740
LETHA BARNES	COMMISSIONER	5.00	Director	$15,416	$0	$15,416
BRENDA SCHARMAN	COMMISSIONER	5.00	Director	$14,360	$0	$14,360
ALEJANDRA COSSIO	COMMISSIONER	5.00	Director	$6,180	$0	$6,180
DARIN WALLACE	EXECUTIVE DIRECTOR	45.00	Officer	$336,110	$46,553	$382,663
EDDIE BROOMFIELD	ASSOCIATE EXECUTIVE DIRECTOR	45.00	Highest	$215,728	$29,216	$244,944
STEVEN GOLDSTEIN	DIRECTOR OF FINANCE	45.00	Highest	$165,917	$23,579	$189,496
MARY NELL MYERS	DIRECTOR OF ACCREDITATION	45.00	Highest	$153,979	$22,540	$176,519
CAROL ORSINI	ACCREDITATION MANAGER - COMPLIANCE	45.00	Highest	$109,068	$24,375	$133,443

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	$6,626,084	$6,603,930	$11,357,447	$22,154
2024	No data	No data	No data	No data
2023	$6,788,547	$6,725,858	$10,410,724	$62,689
2022	$6,581,770	$5,623,900	$10,875,364	$957,870
2021	$6,232,772	$5,918,222	$11,735,741	$314,550
2020	$6,594,230	$5,675,957	$9,847,705	$918,273
2019	$7,061,583	$6,131,654	$9,416,480	$929,929
2018	$7,717,504	$6,477,407	$8,650,370	$1,240,097

NATIONAL ACCREDITING COMMISSION OF CAREER ARTS & SCIENCES INC