CHIROPRACTIC ASSOCIATION OF LOUISIANA (EIN 720817776) - 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

1964

Legal Domicile

Principal Officer

TIMOTHY CHITTOM

Phone

2257695560

Tax Period

2023-10-01 to 2024-09-30

CHIROPRACTIC ASSOCIATION OF LOUISIANA, founded in 1964, is a small nonprofit that reported $618K in total revenue in fiscal year 2023. Expenses of $587K left a modest 5% surplus.

Mission

THE ASSOCIATION'S PRINCIPLE FUNCTIONS ARE 1) EDUCATING MEMBERS OF THE COMMUNITY REGARDING THE CONTRIBUTIONS MADE BY CHIROPRACTORS AS MEMBERS OF THE HEALING ARTS AND 2) ASSISTING CHIROPRACTORS IN ACHIEVING, MAINTAINING AND DELIVERING THE HIGHEST STANDARD OF CARE POSSIBLE.

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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 $544,240

Investment Income $70,562

Other Revenue $3,520

TOTAL REVENUE $618,322

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $221,264

Fundraising Expenses $0

Other Expenses $362,718

TOTAL EXPENSES $587,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$618,322	$598,621	+0.0%
Expenses	$587,482	$596,906	0.0%
Net Income	$30,840	$1,715	+17.0%

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

$132,020

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY KIRZNER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
GREG PIZZOLATO	DIRECTOR	2.00	Director	$0	$0	$0
J STEVEN CARAWAY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARC SCHROEDER	DIRECTOR	2.00	Director	$0	$0	$0
W SCOTT SCHROEDER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
THERESA HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
TREVOR JOLIE	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR FLYNN	DIRECTOR	2.00	Director	$0	$0	$0
R B VANBREEMAN	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
GRADY STIMITS	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE ANTHON JR	IMMEDIATE VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER HARGRAVE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SONNIER	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY CHITTOM	EXECUTIVE DIRECTOR	40.00	Officer	$117,500	$14,520	$132,020

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	$618,322	$587,482	$1,197,492	$30,840
2023	$598,621	$596,906	$1,071,676	$1,715
2022	$579,824	$596,933	$989,749	$-17,109
2021	$670,040	$594,906	$1,163,313	$75,134
2020	$529,177	$573,559	$1,015,487	$-44,382
2019	$530,492	$548,788	$994,018	$-18,296
2018	$528,054	$450,806	$1,042,524	$77,248

CHIROPRACTIC ASSOCIATION OF LOUISIANA