FISPA INC

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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

1996

Legal Domicile

Principal Officer

JACK CATHEY

Phone

8135742556

Tax Period

2023-01-01 to 2023-12-31

FISPA INC, founded in 1996, is a small nonprofit that reported $219K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $344K exceeded revenue, resulting in a 57% operating deficit.

Mission

THE ASSOCIATION WAS FOUNDED TO REPRESENT THE INTERESTS OF INTERNET SOLUTION PROVIDERS THROUGH EDUCATIONAL DISCOUNTS ON PRODUCTS AND SUPPORT QUALITY STANDARDS AND PRACTICES FOR INTERENET SOLUTION PROVIDERS.

Program Service Accomplishments

Program 1

ONE ANNUAL CONVENTION PROVIDES A FORUM FOR CONTACT WITH FELLOW MEMBERS AND VENDORS TO DISCUSS MATTERS OF IMPORTANCE TO INTERNET BASED SERVICE BUSINESSES. MONTHLY WEBINARS ARE AVAILABLE TO THE...

ONE ANNUAL CONVENTION PROVIDES A FORUM FOR CONTACT WITH FELLOW MEMBERS AND VENDORS TO DISCUSS MATTERS OF IMPORTANCE TO INTERNET BASED SERVICE BUSINESSES. MONTHLY WEBINARS ARE AVAILABLE TO THE ASSOCIATION MEMBERS. EACH WEBINAR PROVIDES INFORMATION ON TARGETED TOPICS OF INTEREST TO INTERNET BASED SERVICE BUSINESSES. A "LIST-SERVE" WEB BASED COMMUNITY FORUM PROVIDES CONSTANT CONTACT BETWEEN MEMBERS FOR CURRENT DISCUSSIONS ON DEVELOPING ISSUES IN THE INDUSTRY.

Program 2

MEMBERSHIP DUES ARE REQUIRED TO PARTICIPATE AND/OR TO ATTEND THE ANNUAL CONFERENCE AT A DISCOUNTED PRICE, AND TO BE INCLUDED IN AND HAVE ACCESS TO THE LIST-SERVE.

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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 $207,147

Investment Income $4

Other Revenue $12,187

TOTAL REVENUE $219,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $343,970

TOTAL EXPENSES $343,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,338	$311,194	-0.3%
Expenses	$343,970	$272,559	+0.3%
Net Income	$-124,632	$38,635	-4.2%

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

$37,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWNA QUALLS	EXECUTIVE DI	40.00	Officer	$37,675	$0	$37,675
DARNELL BROWN	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BROWN	SECRETARY	10.00	Officer Director	$0	$0	$0
JACK CATHEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
PAUL CHAPMAN	TREASURER	10.00	Officer Director	$0	$0	$0
CHRIS FROST	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER HAWK	DIRECTOR	2.00	Director	$0	$0	$0
NATE OSWALD	DIRECTOR	2.00	Director	$0	$0	$0
HILORY PARKER	VICE PRESIDE	10.00	Officer 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	$219,338	$343,970	$454,894	$-124,632
2023	$219,338	$343,970	$454,894	$-124,632
2022	$311,194	$272,559	$397,014	$38,635
2021	$134,564	$108,190	$450,806	$26,374
2020	$323,516	$256,897	$310,096	$66,619
2019	$271,202	$242,749	$377,249	$28,453
2018	$187,545	$307,964	$305,618	$-120,419