Council on State Taxation

EIN: 521754771

Washington, DC

Total Revenue
$6,172,822
Total Expenses
$5,888,475
Total Assets
$3,937,121
Net Assets
$169,483
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
VA
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.

Program Service Accomplishments

Program 1

Provide seminars, conferences, advocacy and information for members of The Council on State Taxation.

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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 (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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Governance

Voting Members
26
Independent Members
25
Employees
21
Volunteers
26

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
8
$399,497
Total Directors
26
$399,497
Key Employees
2
$683,713
Highest Compensated
5
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
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