NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES

EIN: 566045918

MIAMISBURG, OH

Total Revenue
$550,655
Total Expenses
$501,971
Total Assets
$1,921,020
Net Assets
$1,759,905
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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
MN
Principal Officer
KIMBERLY FANTACI
Phone
9372226707
Tax Period
2023-01-01 to 2023-12-31

NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES, founded in 1943, is a small nonprofit that reported $551K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $502K left a modest 9% surplus.

Mission

OUR MISSION IS TO SERVE COOPERATIVES BY A) PROVIDING ACCOUNTING, TAX AND BUSINESS EDUCATION UNIQUELY TAILORED TO PROFESSIONALS WORKING FOR AND WITH COOPERATIVES, B) PROVIDING NETWORKING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR MEMBERS, PROSPECTIVE MEMBERS AND OTHERS

Program Service Accomplishments

Program 1

EDUCATION: CONFERENCE, SEMINARS/WEBINARS, COMMITTEE MEETINGS - PROVIDE EDUCATION AND NETWORKING OPPORTUNITIES TO ALL WHO ATTEND - MEMBERS AND NON MEMBERS INTERESTED IN COOPERATIVE ACCOUNTING AND TAX...

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EDUCATION: CONFERENCE, SEMINARS/WEBINARS, COMMITTEE MEETINGS - PROVIDE EDUCATION AND NETWORKING OPPORTUNITIES TO ALL WHO ATTEND - MEMBERS AND NON MEMBERS INTERESTED IN COOPERATIVE ACCOUNTING AND TAX ISSUES. PROMOTION AND DISCUSSION OF ACCOUNTING STANDARDS, CHANGES TO AND APPLICATION OF TAX LAW, AND RELATED BEST PRACTICES FOR THE COOPERATIVE INDUSTRY ARE INCLUDED IN THESE MEETINGS. PROGRAMS INCLUDE CO-HOSTING THE TAX FINANCE AND ACCOUNTING CONFERENCE FOR COOPERATIVES AND HOSTING ONLINE COOPERATIVE LEARNING NETWORK SEMINARS/WEBINARS (CLN). STARTING IN THE FALL OF 2O17 CLN REGISTRATION FEES ARE INCLUDED IN ANNUAL MEMBERSHIP DUES. AN ESTIMATED TOTAL OF 8OO UNIQUE MEMBERS PARTICIPATED IN THESE OFFERINGS DURING THE YEAR. THE ASSOCIATION HAS SIX MAJOR AND ACTIVE NATIONAL COMMITTEES, COMPRISED OF APPROXIMATELY 10O VOLUNTEERS.

Program 2

RESOURCES: PUBLICATIONS OF COOPERATIVE LEARNING MATERIALS - PROVIDED TO ALL MEMBERS AND LIMITED ITEMS ARE AVAILABLE TO NON MEMBERS FOR A FEE. EXCLUSIVE CONTENT AND INTERACTION IS AVAILABLE ON THE...

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RESOURCES: PUBLICATIONS OF COOPERATIVE LEARNING MATERIALS - PROVIDED TO ALL MEMBERS AND LIMITED ITEMS ARE AVAILABLE TO NON MEMBERS FOR A FEE. EXCLUSIVE CONTENT AND INTERACTION IS AVAILABLE ON THE WEBSITE FOR MEMBERS ONLY. THESE PROGRAMS INCLUDE PUBLISHING AND DISTRIBUTING A QUARTERLY TRADE JOURNAL "THE COOPERATIVE ACCOUNTANT- AND UPDATING THE ONLINE MEMBER-ONLY CONTENT REGARDING PUBLICATIONS AND RESEARCH DATABASE LIBRARY SPECIFIC TO ACCOUNTING AND TAX ISSUES OF COOPERATIVES. DURING THE YEAR, THE TOTAL AVERAGE MEMBERSHIP COUNT OF MEMBERS WITH ACCESS TO THESE SERVICES WAS APPROXIMATELY 1500.

Program 3

CONNECTIONS: CREATION AND IMPLEMENTATION OF THE NSAC CONNECT ONLINE COMMUNITY PLATFORM, WHICH ALLOWS MEMBERS (=1,500 ) TO NETWORK ON A NATIONAL, CHAPTER AND COMMITTEE LEVEL. THE SOCIETY ALSO USES...

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CONNECTIONS: CREATION AND IMPLEMENTATION OF THE NSAC CONNECT ONLINE COMMUNITY PLATFORM, WHICH ALLOWS MEMBERS (=1,500 ) TO NETWORK ON A NATIONAL, CHAPTER AND COMMITTEE LEVEL. THE SOCIETY ALSO USES THIS PLATFORM TO COMMUNICATE WITH THE MEMBERS AND TO ENCOURAGE MEMBERS TO EXCHANGE INFORMATION PERTAINTNG TO COOPERATIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $484,337
Investment Income $66,318
Other Revenue $0
TOTAL REVENUE $550,655

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $491,971
TOTAL EXPENSES $501,971

Year-over-Year Comparison

2023 2022 Change
Revenue $550,655 $507,886 +0.1%
Expenses $501,971 $489,569 +0.0%
Net Income $48,684 $18,317 +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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Governance

Voting Members
1580
Independent Members
1580
Employees
N/A
Volunteers
N/A

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
7
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC KRIENERT PRESIDENT 4.00
Officer Director
$0 $0 $0
ERIK GILLAM VICE PRESIDE 3.00
Officer Director
$0 $0 $0
KENT ERHARDT TREASURER 3.00
Officer Director
$0 $0 $0
JIM HALVORSEN SECRETARY 3.00
Officer Director
$0 $0 $0
APRIL GRAVES EXECUTIVE CO 3.00
Officer Director
$0 $0 $0
DAVID ANTONI IMMEDIATE PA 3.00
Officer Director
$0 $0 $0
CHAD DEGENHART DIRECTOR 1.00
Director
$0 $0 $0
BRADY BYRNES DIRECTOR 1.00
Director
$0 $0 $0
JEFF KREJDL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL REGAN DIRECTOR 1.00
Director
$0 $0 $0
KATRINA ROTE DIRECTOR 1.00
Director
$0 $0 $0
JULIA SEVALD DIRECTOR 1.00
Director
$0 $0 $0
MELISSA WOOD DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY FANTACI EXECUTIVE DI 5.00
Officer
$0 $0 $0
TUCKER LEMLEY 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 No data No data No data No data
2023 $550,655 $501,971 $1,921,020 $48,684
2022 $507,886 $489,569 $1,728,772 $18,317
2021 $479,548 $341,953 $1,817,981 $137,595
2020 $464,753 $302,907 $1,740,621 $161,846
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