LEXINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CPA FIRM MANAGEMENT ASSOCIATION INC, founded in 1984, is a small nonprofit that reported $513K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $575K exceeded revenue, resulting in a 12% operating deficit.
CPAFMA WILL BE A STRATEGIC ENABLER OF RELATIONSHIPS AND PROVIDER OF VALUABLE CONNECTIONS, RESOURCES AND EDUCATION TO SUPPORT HOLISTIC CPA FIRM PRACTICE MANAGEMENT IN AREAS SUCH AS STRATEGY/PARTNER ISSUES, HUMAN RESOURCES, TECHNOLOGY, FINANCE, MARKETING AND BUSINESS DEVELOPMENT, IN-FIRM COMMUNICATIONS, CLIENT SERVICE, OPERATIONS AND FACILITIES.
CONFERENCES, SEMINARS AND MEETINGS - TO EDUCATE MEMBERS ON BEST PRACTICES AND HOT TOPICS IN THE INDUSTRY AND ALLOW FOR COLLABORATION AND NETWORKING AMONG THE MEMBERSHIP. THIS INCLUDES NATIONAL EVENTS.
NETWORKING DEVELOPMENT/OUTREACH - TO SUPPORT CPA FIRMS BY PROVIDING NETWORKING OPPORTUNITIES.
CERTIFICATION - CPAFMA'S PUBLIC ACCOUNTING FIRM MANAGER (PAFM) PROGRAM PROVIDES THE OPPORTUNITY TO DEMONSTRATE YOU HAVE EXPERIENCE WITH THE KNOWLEDGE, LEADERSHIP, SKILLS, AND ABILITIES TO OPERATE AT...
CERTIFICATION - CPAFMA'S PUBLIC ACCOUNTING FIRM MANAGER (PAFM) PROGRAM PROVIDES THE OPPORTUNITY TO DEMONSTRATE YOU HAVE EXPERIENCE WITH THE KNOWLEDGE, LEADERSHIP, SKILLS, AND ABILITIES TO OPERATE AT A HIGH LEVEL OF EXPERTISE IN THE FIELD OF ACCOUNTING FIRM MANAGEMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $513,490 | $294,583 | +0.7% |
| Expenses | $574,620 | $340,841 | +0.7% |
| Net Income | $-61,130 | $-46,258 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JANA CINNAMON | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRISTINE LATCHAW CPA PAFM | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY SHEFTEL PHR SHRM-CP PAFM | IMMEDIATE PAST CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL GREGORY PAFM | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIMBERLY RUSSO PAFM | DIRECTOR OF PROFESSIONAL A | 0.50 |
Director
|
$0 | $0 | $0 |
| SARAH SNELL PAFM | DIRECTOR OF MEMBERSHIP & G | 0.50 |
Director
|
$0 | $0 | $0 |
| KIMBERLY FITZGERALD PAFM | DIRECTOR OF EDUCATION | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGOT SUNTER CGA CPA | DIRECTOR OF INFORMATION AND COMMUNICATION | 0.30 |
Director
|
$0 | $0 | $0 |
| JON TONKOWICH | DIRECTOR AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| JEREMY RAINES | DIRECTOR AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| ROMAN KEPCZYK CPA CITP CGMA | ADVISOR | 0.50 |
Director
|
$0 | $0 | $0 |
| WILLIAM REEB CPA CITP CGMA | ADVISOR | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $513,490 | $574,620 | $299,555 | $-61,130 |
| 2023 | $294,583 | $340,841 | $327,280 | $-46,258 |
| 2022 | $444,816 | $558,834 | $420,960 | $-114,018 |
| 2021 | $302,889 | $238,557 | $609,707 | $64,332 |
| 2020 | $312,458 | $320,505 | $452,916 | $-8,047 |
Compare CPA FIRM MANAGEMENT ASSOCIATION INC with other nonprofits in Kentucky and across the country.