Council on State Taxation (EIN 521754771) - 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

1969

Legal Domicile

Principal Officer

Patrick Reynolds

Phone

2024845222

Tax Period

2024-01-01 to 2024-12-31

Council on State Taxation, founded in 1969, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $5.9M left a modest 5% surplus.

Mission

To preserve and promote the use of equitable and non-discriminatory methods of state and local taxation of business enterprises conducting business in more than one taxing jurisdiction.

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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 $0

Program Service Revenue $5,996,287

Investment Income $86,157

Other Revenue $90,378

TOTAL REVENUE $6,172,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,483,505

Fundraising Expenses $0

Other Expenses $2,404,970

TOTAL EXPENSES $5,888,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,172,822	$5,639,696	+0.1%
Expenses	$5,888,475	$6,042,679	0.0%
Net Income	$284,347	$-402,983	-1.7%

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

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

$399,497

Total Directors

$399,497

Key Employees

$683,713

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Reynolds	President	40.00	Officer Director	$341,626	$57,871	$399,497
Karl Frieden	VP & General Counsel	40.00	Key Emp	$309,760	$61,845	$371,605
Charles Drury Jr	VP & COO	40.00	Key Emp	$267,900	$44,208	$312,108
Fredrick Nicely	Senior Tax Counsel	40.00	Highest	$250,600	$55,113	$305,713
Douglas Lindholm	Special Counsel	40.00	Highest	$255,900	$28,190	$284,090
Stephanie Do	Senior Tax Counsel	40.00	Highest	$218,250	$21,127	$239,377
Leonore Heavey	Senior Tax Counsel	40.00	Highest	$206,250	$19,927	$226,177
Aziza Farooki	Senior Director Policy	40.00	Highest	$160,960	$45,918	$206,878
Madison Barnett	Board Member	2.00	Director	$0	$0	$0
Benjamin Bright	Board Member	2.00	Director	$0	$0	$0
Lani Canniff	Board Member	2.00	Director	$0	$0	$0
Susan Courson-Smith	Board Member	2.00	Director	$0	$0	$0
Kathryn Friel	Board Member	2.00	Director	$0	$0	$0
Damian Hunt	Board Member	2.00	Director	$0	$0	$0
Laura James	Board Member	2.00	Director	$0	$0	$0
Jeffrey Langer	Board Member	2.00	Director	$0	$0	$0
Stephen LaRosa	Board Member	2.00	Director	$0	$0	$0
Jonathan Mieritz	Board Member	2.00	Director	$0	$0	$0
Toni Mincic	Board Member	2.00	Director	$0	$0	$0
John Paraskevas	Board Member	2.00	Director	$0	$0	$0
Michael Raley	Board Member	2.00	Director	$0	$0	$0
Patrick Shrake	Board Member	2.00	Director	$0	$0	$0
Kyle Snedaker	Board Member	2.00	Director	$0	$0	$0
Andy Solomon	Board Member	2.00	Director	$0	$0	$0
Beth Sosidka	Board Member	2.00	Director	$0	$0	$0
Archana Warner	Board Member	2.00	Director	$0	$0	$0
Michael Carchia	Immediate Past Chair	5.00	Officer Director	$0	$0	$0
Karen DiNuzzo-Wright	SecretaryTreasurer	5.00	Officer Director	$0	$0	$0
Jamie Laiewski	Vice Chair	5.00	Officer Director	$0	$0	$0
Mollie Miller	Chair	5.00	Officer Director	$0	$0	$0
Arthur Parham Jr	Past Chair	5.00	Officer Director	$0	$0	$0
Amy Thomas Laub	Past Chair	5.00	Officer Director	$0	$0	$0
Robert Tuinstra Jr	Past Chair	5.00	Officer 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	$6,172,822	$5,888,475	$3,937,121	$284,347
2023	$5,639,696	$6,042,679	$4,379,155	$-402,983
2022	$5,434,628	$5,716,650	$4,162,890	$-282,022
2021	$4,726,725	$4,953,901	$3,072,367	$-227,176
2020	$4,733,852	$4,595,157	$2,921,718	$138,695
2019	$6,259,689	$6,003,654	$3,133,905	$256,035
2018	$5,940,982	$6,141,949	$3,168,058	$-200,967

Council on State Taxation