CPA FIRM MANAGEMENT ASSOCIATION INC (EIN 521330327) - 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

1984

Legal Domicile

Principal Officer

KRISTINE LATCHAW

Phone

9372220030

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

OUR MISSION IS TO BE A RECOGNIZED LEADER IN CPA FIRM PRACTICE MANAGEMENT DELIVERING VALUABLE EDUCATION & COLLABORATION OPPORTUNITIES FOR THOSE INTERESTED IN ELEVATING THEIR PRACTICE AND STRATEGICALLY GROWING THEIR FIRMS.

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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 $226,203

Program Service Revenue $287,071

Investment Income $216

Other Revenue $0

TOTAL REVENUE $513,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $349,782

Other Expenses $574,620

TOTAL EXPENSES $574,620

Year-over-Year Comparison

	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%

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

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

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

CPA FIRM MANAGEMENT ASSOCIATION INC