ASSOCIATION OF COSMETOLOGY SALON PROFESSIONALS (EIN 570531180) - Form 990 Financial Analysis & Trantor Score

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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

1950

Legal Domicile

Principal Officer

GEORGINA DAVIS

Phone

6126366668

Tax Period

2024-04-01 to 2025-03-31

ASSOCIATION OF COSMETOLOGY SALON PROFESSIONALS, founded in 1950, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Revenue surged 391% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 29% operating margin.

Mission

THE ASSOCIATION HOLDS VARIOUS SHOWS AND CLINICS AND AN ANNUAL STATEWIDE CONVENTION TO EDUCATE MEMBERS ON NEW STYLES AND TECHNIQUES.

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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 $7,665

Program Service Revenue $238,385

Investment Income $11,362

Other Revenue $0

TOTAL REVENUE $257,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,004

Fundraising Expenses $0

Other Expenses $27,034

TOTAL EXPENSES $183,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,412	$52,419	+3.9%
Expenses	$183,299	$103,890	+0.8%
Net Income	$74,113	$-51,471	-2.4%

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

$1,643

Total Directors

$1,161

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALMA OWENS	PRESIDENT	2.00	Officer	$1,643	$0	$1,643
RODNEY BARNES	DIRECTOR	2.00	Director	$1,161	$0	$1,161
MARK GOODMAN	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE STABLER	IMMED. PAST	2.00	Director	$0	$0	$0
GEORGINA DAVIS	TREASURER	2.00	Officer	$0	$0	$0
JAYME MORANT	SECRETARY	2.00	Officer	$0	$0	$0
MICHAEL PRINGLE	VICE PRESIDE	2.00	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
2025	$257,412	$183,299	$648,108	$74,113
2024	$52,419	$103,890	$573,995	$-51,471
2023	$219,800	$146,049	$625,466	$73,751
2022	$95,283	$94,283	$551,715	$1,000
2021	$311,026	$196,052	$550,715	$114,974
2020	$146,299	$177,317	$428,726	$-31,018
2019	$283,997	$203,179	$459,744	$80,818

ASSOCIATION OF COSMETOLOGY SALON PROFESSIONALS