NORTH CAROLINA ASSOCIATION OF CERT… - Form 990 Financial Data

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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

1919

Legal Domicile

Principal Officer

MARK SOTICHECK

Phone

9194691040

Tax Period

2024-05-01 to 2025-04-30

NORTH CAROLINA ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS INC, founded in 1919, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 32% operating margin.

Mission

TO FULFILL OUR MISSION (OF ENHANCING THE ACCOUNTING PROFESSION AND THE COMMUNITY IT SERVES THROUGH ADVOCACY, CONNECTIONS, EDUCATION, AND RESOURCES), OUR RESOURCE AND NETWORKING GROUPS, TASK FORCES, AND ADVISORY GROUPS REGULARLY INTERACT WITH THE NORTH CAROLINA STATE BOARD OF CPA EXAMINERS, NORTH CAROLINA GENERAL ASSEMBLY, AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, FINANCIAL ACCOUNTING STANDARDS BOARD, INTERNAL REVENUE SERVICE, AND OTHER REGULATORS WHO SHAPE STATE AND NATIONAL ACCOUNTING STANDARDS.

Program Service Accomplishments

Program 1

PROFESSIONAL EDUCATION - THE ASSOCIATION PROVIDES EDUCATIONAL PROGRAMS DESIGNED TO MAINTAIN AND IMPROVE THE SKILLS OF CPAS. PROFESSIONAL EDUCATION IS ALSO A REQUIREMENT FOR CPA CERTIFICATION RENEWAL.

Program 2

COMMUNICATION AND MEMBER SERVICES - THE ASSOCIATION DISSEMINATES INFORMATION TO ITS MEMBERS AS IT RELATES TO CHANGES IN THE ACCOUNTING PROFESSION AND ALSO SEEKS TO EDUCATE THE GENERAL PUBLIC ABOUT...

COMMUNICATION AND MEMBER SERVICES - THE ASSOCIATION DISSEMINATES INFORMATION TO ITS MEMBERS AS IT RELATES TO CHANGES IN THE ACCOUNTING PROFESSION AND ALSO SEEKS TO EDUCATE THE GENERAL PUBLIC ABOUT THE NATURE & DIVERSITY OF BUSINESS SERVICES THAT ARE PROVIDED BY MEMBERS. THE ASSOCIATION ALSO OFFERS VARIOUS BUSINESS BENEFITS TO ITS MEMBERS.

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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 $2,430,277

Program Service Revenue $4,066,632

Investment Income $2,656,851

Other Revenue $543,294

TOTAL REVENUE $9,697,054

Expense Breakdown

Grants Paid $1,198

Salaries & Benefits $2,924,420

Fundraising Expenses $0

Other Expenses $3,690,396

TOTAL EXPENSES $6,616,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,697,054	$6,905,077	+0.4%
Expenses	$6,616,014	$7,764,352	-0.1%
Net Income	$3,081,040	$-859,275	-4.6%

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

$510,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY BIBBY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA KINAST	BOARD MEMBER	1.00	Director	$0	$0	$0
ARLEEN THOMAS	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
COURTNEY KNOLL	CHAIR	1.00	Officer Director	$0	$0	$0
GENEVIA GEE FULBRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMELIA LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER LEARY	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN KRAFTCHICK	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY PURYEAR	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
MICHAEL SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
OSEI SENCHEREY	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEE RASH	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY WALLER	BOARD MEMBER	1.00	Director	$0	$0	$0
YATES LACKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
YVONNE HINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARA VANN	DIRECTOR OF FINANCE & ADMINISTRATION	47.00	Officer	$152,790	$27,538	$180,328
MARK SOTICHECK	CHIEF EXECUTIVE OFFICER	59.00	Officer	$274,337	$55,996	$330,333
AMELIA HODGES	EVENT CONTENT & EXPERIENCE MGR	44.00	Highest	$126,151	$20,808	$146,959
LORRIE GOLD	DIR. OF MARKETING & COMMUNICATIONS	38.00	Highest	$145,695	$27,917	$173,612
ROBERT BROOME	VP OF ADVOCACY & OUTREACH	42.00	Highest	$187,822	$15,908	$203,730
TEKA MILLER-ALSTON	DIR. OF SOLUTIONS & PARTNERSHIPS	42.00	Highest	$120,736	$20,627	$141,363

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
2025	$9,697,054	$6,616,014	$13,426,088	$3,081,040
2024	$6,905,077	$7,764,352	$7,987,194	$-859,275
2023	$7,597,607	$7,611,331	$9,229,355	$-13,724
2022	$7,194,699	$7,528,082	$10,162,234	$-333,383
2021	$7,628,707	$6,480,366	$10,510,163	$1,148,341
2020	$8,777,770	$8,576,634	$7,748,102	$201,136
2019	$8,816,220	$8,470,777	$7,907,568	$345,443
2018	$8,659,250	$8,520,972	$6,874,609	$138,278

NORTH CAROLINA ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS INC