TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

EIN: 750886417

ADDISON, TX

Total Revenue
$7,845,670
Total Expenses
$7,258,317
Total Assets
$17,275,154
Net Assets
$11,443,338
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
TX
Principal Officer
JODI ANN RAY
Phone
9726878500
Tax Period
2024-06-01 to 2025-05-31

TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, founded in 1915, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $7.3M left a modest 7% surplus.

Mission

THE TEXAS SOCIETY OF CPAS EXISTS TO SUPPORT ITS MEMBERS IN THEIR PROFESSIONAL ENDEAVORS AND TO PROMOTE THE VALUE AND HIGH STANDARDS OF TEXAS CPAS.

Program Service Accomplishments

Program 1

MEMBER SERVICES: WITH MORE THAN 28,000 MEMBERS, TXCPA IS THE LARGEST, MOST INFLUENTIAL ASSOCIATION OF ACCOUNTING AND FINANCE PROFESSIONALS IN TEXAS, DEDICATED TO SUPPORTING ONE ANOTHER, AND PROMOTING...

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MEMBER SERVICES: WITH MORE THAN 28,000 MEMBERS, TXCPA IS THE LARGEST, MOST INFLUENTIAL ASSOCIATION OF ACCOUNTING AND FINANCE PROFESSIONALS IN TEXAS, DEDICATED TO SUPPORTING ONE ANOTHER, AND PROMOTING AND PROTECTING THE VALUE OF THE CPA DESIGNATION. SINCE 1915, OUR MEMBERS HAVE COUNTED ON TXCPA FOR A WIDE ARRAY OF PROFESSIONAL RESOURCES AND TO STAY UP-TO-DATE ON CRITICAL PROFESSIONAL ISSUES. WE ADVANCE THE ACCOUNTING PROFESSION IN TEXAS FROM INFLUENCING POLICY AND REGULATION, TO SHAPING THE PERCEPTION OF CPAS ACROSS THE STATE. WE PROTECT THE ETHICS, INTEGRITY AND HIGH STANDARDS OF OUR PROFESSION. WE PROVIDE RESOURCES, EDUCATION AND PROFESSIONAL DEVELOPMENT TO MAINTAIN EXCELLENCE IN OUR WORK. WE DEFEND AND PROMOTE THE VALUE OF CPAS. WE ARE A POWERFUL BUSINESS NETWORK ACROSS THE STATE. IN CITIES BIG AND SMALL WE FORM A LOCAL COMMUNITY OF SUPPORTIVE FRIENDS AND COLLEAGUES. AND AT COLLEGES AND UNIVERSITIES WE ARE A BEACON FOR THE PROFESSION. OUR MEMBERS ARE HIGHLY TRAINED STRATEGIC ADVISORS, CIVIC LEADERS AND RESPECTED IN THEIR COMMUNITIES. THEY REPRESENT THE BEST OF OUR FIELD, AND WE REPRESENT THEM AS THE ELITE BUSINESS PROFESSIONALS THEY ARE.

Program 2

PEER REVIEW: OVER 1,200 FIRMS PARTICIPATED IN THE PEER REVIEW PROGRAM AND TECHNICAL REVIEW SERVICES WERE PROVIDED TO TWO NEIGHBORING STATES. MEMBERS OF AICPA AND TXCPA ARE REQUIRED BY THEIR...

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PEER REVIEW: OVER 1,200 FIRMS PARTICIPATED IN THE PEER REVIEW PROGRAM AND TECHNICAL REVIEW SERVICES WERE PROVIDED TO TWO NEIGHBORING STATES. MEMBERS OF AICPA AND TXCPA ARE REQUIRED BY THEIR RESPECTIVE BYLAWS TO BE PRACTICING IN FIRMS THAT ARE ENROLLED IN AN APPROVED PRACTICE MONITORING PROGRAM IF THEY HAVE AN ACCOUNTING AND AUDITING PRACTICE. TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY RULES ALSO REQUIRE ALL TEXAS FIRMS IN PUBLIC PRACTICE TO BE ENROLLED IN AN APPROVED PRACTICE MONITORING PROGRAM.A FIRM IS CONSIDERED TO BE IN PUBLIC PRACTICE IF IT PERFORMS COMPILATIONS OR REVIEWS UNDER THE STATEMENTS ON STANDARDS FOR ACCOUNTING AND REVIEW SERVICES, FORECASTS, PROJECTIONS OR ANY OTHER ENGAGEMENTS UNDER THE STATEMENTS ON STANDARDS FOR ATTESTATION ENGAGEMENTS, ANY AUDITS UNDER THE STATEMENTS ON AUDITING STANDARD OR GOVERNMENTAL AUDITING STANDARDS AND CERTAIN OTHER SPECIAL REPORTS.

Program 3

REGULATORY AND LEGISLATIVE: ACCOUNTING PROFESSION, STATE TAXATION AND BUSINESS ISSUES TXCPA IS THE VOICE OF CPAS AT THE TEXAS CAPITOL AND ALL LEVELS OF GOVERNMENT, WORKING TO ADVANCE AND PROTECT THE...

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REGULATORY AND LEGISLATIVE: ACCOUNTING PROFESSION, STATE TAXATION AND BUSINESS ISSUES TXCPA IS THE VOICE OF CPAS AT THE TEXAS CAPITOL AND ALL LEVELS OF GOVERNMENT, WORKING TO ADVANCE AND PROTECT THE ACCOUNTING PROFESSION. TXCPA WORKS TO ENSURE STATE LEGISLATORS AND GOVERNMENT AGENCIES UNDERSTAND THE IMPORTANCE OF THE ACCOUNTING PROFESSION TO THE STATE ECONOMY AND TO MAKE SURE THAT THE PROFESSIONS OPINIONS ARE RESPECTED AND UNDERSTOOD.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $150,186
Program Service Revenue $6,550,200
Investment Income $496,680
Other Revenue $648,604
TOTAL REVENUE $7,845,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,260,264
Fundraising Expenses $0
Other Expenses $2,998,053
TOTAL EXPENSES $7,258,317

Year-over-Year Comparison

2024 2023 Change
Revenue $7,845,670 $7,235,156 +0.1%
Expenses $7,258,317 $7,123,650 +0.0%
Net Income $587,353 $111,506 +4.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
44
Volunteers
550

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
10
$917,397
Total Directors
20
$491,805
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JODI ANN RAY President & CEO 26.75
Officer Director
$457,005 $34,800 $491,805
Melinda H Bentley Chief Operating 29.25
Officer
$195,001 $36,528 $231,529
KENNETH BESSERMAN DIR-GOV AFFAIRS 30.00
$168,460 $35,196 $203,656
Dipesh Patel Director, Peer Review 37.50
$152,164 $31,686 $183,850
BARRY KAPLAN DIRECTOR - LEARNING 0.00
$150,847 $26,340 $177,187
Christine Wells Technical Reviewer 37.50
$130,701 $16,386 $147,087
Edith C COgdell - Thru 72024 CFO 26.50
Officer
$134,083 $12,733 $146,816
STEPHANIE KING ACCOUNTING MANAGER 29.00
$112,463 $26,168 $138,631
Rori Shaw Manager Chapter Op 36.50
$101,615 $24,109 $125,724
Jacob Briggs From 92024 CFO 26.50
Officer
$42,758 $4,489 $47,247
TIMOTHY PIKE PAST CHAIR 1.00
Officer Director
$0 $0 $0
MOHAN KURUVILLA CHAIR 3.00
Officer Director
$0 $0 $0
WILLIAM KELLEY CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
CHRISTINA MONDRIK Treasurer 1.00
Officer Director
$0 $0 $0
TRAM LE Treasurer-ELECT 1.00
Officer Director
$0 $0 $0
DARRELL GROVES Secretary 0.50
Officer Director
$0 $0 $0
JOSHUA LEBLANC Director 0.50
Director
$0 $0 $0
ELAINE FLESCH Director 0.50
Director
$0 $0 $0
OMAR RODRIGUEZ Director 0.50
Director
$0 $0 $0
RYAN BARTHOLOMEE Director 0.50
Director
$0 $0 $0
BRYAN EDWARDS Director 0.50
Director
$0 $0 $0
Kelechukwu Onwuneme Director 0.50
Director
$0 $0 $0
MISTY MATA Director 0.50
Director
$0 $0 $0
KENNETH BROOM Director 0.50
Director
$0 $0 $0
AMY TAYLOR Director 0.50
Director
$0 $0 $0
MELANIE GEIST Director 0.50
Director
$0 $0 $0
CHARLOTTE JUNGEN Director 0.50
Director
$0 $0 $0
TRACIE MILLER Director 0.50
Director
$0 $0 $0
JEFFERY SMITH Director 0.50
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
2025 $7,845,670 $7,258,317 $17,275,154 $587,353
2024 $7,235,156 $7,123,650 $15,950,897 $111,506
2023 $7,177,204 $7,046,731 $15,075,546 $130,473
2022 $7,206,756 $6,528,179 $14,362,977 $678,577
2021 $7,839,382 $5,575,532 $14,628,060 $2,263,850
2020 $7,183,769 $6,132,169 $10,801,816 $1,051,600
2019 $7,422,157 $6,833,483 $9,943,429 $588,674
2018 $7,170,536 $7,110,555 $8,815,985 $59,981
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