The ACC Foundation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Veta T Richardson

Phone

2022934103

Tax Period

2023-10-01 to 2024-09-30

The ACC Foundation, founded in 1984, is a small nonprofit in the Religion sector that reported $968K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

The ACC Foundation is a 501(c)(3) non-profit organization that supports the efforts of the Association of Corporate Counsel by serving the needs of the global in-house bar through education, the advancement of pro bono service, dissemination of research and surveys, leadership and professional development opportunities, and initiatives that help foster a culture of inclusiveness.

Program Service Accomplishments

Program 1

Expenses: $471,876 Revenue: $180,224

Leadership & Professional Development: The ACC Foundation conducts seminars, colloquia, meetings and other educational programs which advance the continuing professional education of attorneys...

Leadership & Professional Development: The ACC Foundation conducts seminars, colloquia, meetings and other educational programs which advance the continuing professional education of attorneys employed by organizations in the private sector.

Program 2

Expenses: $66,882

Inclusive Community and Pro Bono: The ACC Foundation supports various national bar associations to further promote inclusive initiatives within the corporate legal profession. The ACC Foundation also seeks to engage underrepresented counsel from corporate legal departments, law firms, and legal service providers by encouraging their participation and sponsorship at educational conferences and other meaningful programs that the ACC Foundation supports. In addition to this support, we actively engage counsel from underrepresented groups to participate in our own educational training and presentations, as well as provide opportunities for subject matter experts to serve as faculty for ACC and ACC Foundation programs. The ACC Foundation also encourages pro bono activities that provide legal support to local communities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $846,640

Program Service Revenue $180,224

Investment Income $0

Other Revenue $-58,807

TOTAL REVENUE $968,057

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $538,758

Other Expenses $1,088,977

TOTAL EXPENSES $1,123,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$968,057	$776,629	+0.2%
Expenses	$1,123,977	$931,310	+0.2%
Net Income	$-155,920	$-154,681	+0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,595,438

Total Directors

$1,355,461

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Veta T Richardson	President	1.00	Officer Director	$0	$192,164	$755,698
Tori Payne	Treasurer	1.00	Officer Director	$0	$22,524	$374,068
Blake E Garcia	Secretary	1.00	Officer Director	$0	$30,507	$225,695
Gregory W Fortsch	Director	1.00	Director	$0	$0	$0
Monica Johnson	Director	1.00	Director	$0	$0	$0
Rudy Figueroa	Director	1.00	Director	$0	$0	$0
Adonica-Jo Wada	Director	1.00	Director	$0	$0	$0
Anthony Sharett	Director	1.00	Director	$0	$0	$0
Effie D Silva	Director	1.00	Director	$0	$0	$0
Pamela Everhart	Director through Oct. 2023	1.00	Director	$0	$0	$0
Linda Lu	Director through Oct. 2023	1.00	Director	$0	$0	$0
Jennifer Chen	Executive Director	37.50	Officer	$0	$36,146	$239,977
Patricia J Trudeau	Former Secretary/Treasurer	0.00		$0	$57,175	$376,207

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	$968,057	$1,123,977	$371,436	$-155,920
2023	$776,629	$931,310	$186,688	$-154,681
2022	$746,570	$703,119	$275,763	$43,451
2021	$568,950	$552,344	$169,352	$16,606
2020	$440,579	$551,336	$173,872	$-110,757
2019	$550,884	$621,026	$113,498	$-70,142
2018	$584,561	$659,383	$217,802	$-74,822