CONTRACT PACKAGING ASSOCIATION

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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

1992

Legal Domicile

Principal Officer

DAN LATURNO

Phone

5716123200

Tax Period

2024-01-01 to 2024-12-31

CONTRACT PACKAGING ASSOCIATION, founded in 1992, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 8% surplus.

Mission

THE GOALS OF THE ASSOCIATION ARE TO INCREASE THE VISIBILITY AND SUCCESS OF THE ASSOCIATION'S MEMBERSHIP BY PROVIDING OPPORTUNITIES FOR DIALOGUE, EDUCATION, ADVANCEMENT, AND IMPROVEMENT OF ALL ASPECTS OF THE CONTRACT PACKAGING INDUSTRY THROUGH MEETINGS, SEMINARS, COMMUNICATIONS, PUBLICATIONS, AND OTHER PROGRAMS AND ACTIVITIES.

Program Service Accomplishments

Program 1

THE ANNUAL MEETING EDUCATES MEMBERS AND NON-MEMBERS ABOUT DEVELOPMENTS IN THE CONTRACT PACKAGING INDUSTRY. THE MEETINGS PROVIDE A FORUM FOR THE INDIVIDUALS TO EXCHANGE IDEAS ON INDUSTRY PRACTICES...

THE ANNUAL MEETING EDUCATES MEMBERS AND NON-MEMBERS ABOUT DEVELOPMENTS IN THE CONTRACT PACKAGING INDUSTRY. THE MEETINGS PROVIDE A FORUM FOR THE INDIVIDUALS TO EXCHANGE IDEAS ON INDUSTRY PRACTICES. THERE WERE 160 ATTENDEES AT THE 2024 ANNUAL MEETING.

Program 2

DUES ARE RECEIVED IN EXCHANGE FOR MEMBERSHIP BENEFITS INCLUDING WEBLISTING, EDUCATION, ASSOCIATION MAGAZINE, ANNUAL MEETING AND TRADE SHOWS, AND CERTIFICATION PROGRAMS. THERE ARE 226 TOTAL MEMBERS.

Program 3

INDUSTRY SURVEY PROVIDES MARKET RESEARCH ON SEGMENT GROWTH, PARTICIPANT COMPOSITION, KEY MARKET DRIVERS AND THE FUTURE GROWTH OF THE CONTRACT PACKAGING INDUSTRY.

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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 $7,400

Program Service Revenue $1,121,897

Investment Income $47,695

Other Revenue $0

TOTAL REVENUE $1,176,992

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,082,141

TOTAL EXPENSES $1,085,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,176,992	$1,166,006	+0.0%
Expenses	$1,085,141	$1,053,218	+0.0%
Net Income	$91,851	$112,788	-0.2%

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

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
MICHAEL COLLINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN ALTMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN LATURNO	TREASURER	1.00	Officer Director	$0	$0	$0
JERRY THOMPSON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GREGORY FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
JACLYN NORONO-RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
DEANN DEVENNEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BIALECKI	DIRECTOR	1.00	Director	$0	$0	$0
DILLON VINCENT	DIRECTOR	1.00	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	$1,176,992	$1,085,141	$1,107,636	$91,851
2023	$1,166,006	$1,053,218	$993,101	$112,788
2022	$879,231	$876,328	$617,426	$2,903
2021	$511,330	$489,923	$689,752	$21,407
2020	$726,970	$712,083	$513,042	$14,887
2019	$739,081	$760,819	$608,371	$-21,738
2018	$690,075	$678,981	$498,426	$11,094