The ACC Foundation

EIN: 521358578 501(c)(3) Religion

Washington, DC

Total Revenue
$968,057
Total Expenses
$1,123,977
Total Assets
$371,436
Net Assets
$-429,057
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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
DC
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 supports the efforts of the Association of Corporate Counsel- See Sch O

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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%)

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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
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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

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Governance

Voting Members
9
Independent Members
6
Employees
N/A
Volunteers
5

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
4
$1,595,438
Total Directors
11
$1,355,461
Key Employees
0
$0
Highest Compensated
0
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
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