FPA OF THE NATIONAL CAPITAL AREA

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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

2000

Legal Domicile

Principal Officer

KELLY MCNERNEY

Phone

7036201712

Tax Period

2023-01-01 to 2023-12-31

FPA OF THE NATIONAL CAPITAL AREA, founded in 2000, is a small nonprofit that reported $214K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $286K exceeded revenue, resulting in a 33% operating deficit.

Mission

SERVE THE NEEDS OF ITS MEMBERS AND TO ESTABLISH THE VALUE OF FINANCIAL PLANNING AND THE SUCCESS OF THE FINANCIAL PLANNING PROFESSION, AND TO PROVIDE A FORUM FOR EDUCATION AND CAREER DEVELOPMENT FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

TWO SYMPOSIUMS EACH YEAR FOR THE PURPOSES OF PROVIDING CONTINUING EDUCATION FOR THE MEMBERS, NETWORKING OPPORTUNITIES FOR MEMBERS AND SPONSORS, AND RECOGNITION TIME FOR SPONSORS OF THE ASSOCIATION.

Program 2

MONTHLY MEMBERSHIP MEETINGS FOR THE PURPOSE OF PROVIDING CONTINUING EDUCATION FOR THE MEMBERS, NETWORKING OPPORTUNITIES FOR MEMBERS AND SPONSORS, AND RECOGNITION TIME FOR SPONSORS OF THE ASSOCIATION.

Program 3

SPECIALIZED MEETINGS THROUGHOUT THE YEAR FOR THE PURPOSE OF PROVIDING NETWORKING EVENTS, SPECIALIZED TRAINING FOR MEDIA RELATIONS WORK, MEMBERSHIP RECRUITING AND RETENTION ACTIVITIES AND COMMITTEE...

SPECIALIZED MEETINGS THROUGHOUT THE YEAR FOR THE PURPOSE OF PROVIDING NETWORKING EVENTS, SPECIALIZED TRAINING FOR MEDIA RELATIONS WORK, MEMBERSHIP RECRUITING AND RETENTION ACTIVITIES AND COMMITTEE BUILDING ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $213,020

Investment Income $223

Other Revenue $1,250

TOTAL REVENUE $214,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $285,625

TOTAL EXPENSES $285,625

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,493	$254,031	-0.2%
Expenses	$285,625	$287,564	0.0%
Net Income	$-71,132	$-33,533	+1.1%

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
KELLY MCNERNEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
KIRK TAYLOR	CHAIR	5.00	Officer Director	$0	$0	$0
SAMUEL BOYD	PRESIDENT ELECT	5.00	Officer Director	$0	$0	$0
AARON CLARK	TREASURER	5.00	Officer Director	$0	$0	$0
JESSICA JAROSIK	SPONSORSHIP	2.00	Director	$0	$0	$0
JONATHAN DUGGAN	SOCIAL/GOLF	2.00	Director	$0	$0	$0
CANDACE LEE	PRO BONO	2.00	Director	$0	$0	$0
MARCIO SILVEIRA	PRO BONO	2.00	Director	$0	$0	$0
JARED JONES	SOCIAL/GOLF	2.00	Director	$0	$0	$0
JOHN WITTELSBERGER	PROGRAMMING	2.00	Director	$0	$0	$0
CARL HOLOBUWICH	ALLIED PROFESSIONALS	2.00	Director	$0	$0	$0
CHRIS MELLONE	PROGRAMMING	2.00	Director	$0	$0	$0
BELLE OSVATH	PR	2.00	Director	$0	$0	$0
EVAN BEACH	PR	2.00	Director	$0	$0	$0
ALISHIA DUBOIS	NEXGEN	2.00	Director	$0	$0	$0
ANDREW FINCHER	NEXGEN	2.00	Director	$0	$0	$0
GRACE ROGAN	MEMBERSHIP	2.00	Director	$0	$0	$0
MARK TROUTMAN	SPONSORSHIP	2.00	Director	$0	$0	$0
CATHERINE MULCAHEY	SECRETARY/SPONSORSHIP	5.00	Officer	$0	$0	$0
KRISTIN BEANE	EXECUTIVE DIRECTOR (SEE SCH. O)	40.00	Officer	$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	No data	No data	No data	No data
2023	$214,493	$285,625	$157,097	$-71,132
2022	$254,031	$287,564	$250,116	$-33,533
2021	$225,155	$221,300	$304,931	$3,855
2020	$270,981	$254,610	$287,069	$16,371
2019	$331,727	$341,938	$312,859	$-10,211
2018	$312,879	$307,825	$311,145	$5,054