Arizona Society of Practicing Accountants (EIN 860319017) - 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

1976

Legal Domicile

Principal Officer

HERB ANDERSON

Phone

4807828872

Tax Period

2021-06-01 to 2022-05-31

Arizona Society of Practicing Accountants, founded in 1976, is a small nonprofit that reported $146K in total revenue in fiscal year 2021. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE EDUCATION, TO KEEP OUR MEMBERS INFORMED ON CURRENT EVENTS IN TAXATION AND ACCOUNTING AS WELL AS PROTECT THE RIGHT TO PRACTICE FOR ALL ACCOUNTANTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $146,170

Investment Income $35

Other Revenue $0

TOTAL REVENUE $146,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,550

Fundraising Expenses $0

Other Expenses $153,735

TOTAL EXPENSES $156,285

Year-over-Year Comparison

	2021	2020	Change
Revenue	$146,205	$188,509	-0.2%
Expenses	$156,285	$130,622	+0.2%
Net Income	$-10,080	$57,887	-1.2%

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

$1,200

Total Directors

$1,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEANNA GRIFFIN	SECRETARY/TREASURER	002.00	Officer Director	$1,200	$0	$1,200
HERB ANDERSON	PRESIDENT	003.00	Officer Director	$0	$0	$0
CHANNIKA DANIELS	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
JEREMY REED	PAST PRESIDENT	001.00	Officer Director	$0	$0	$0
NANCY WEINSTEIN	DIRECTOR	001.00	Director	$0	$0	$0
JOANNE ELISON	PAST PRESIDENT THRU 06/2021	001.00	Director	$0	$0	$0
LEE MAROON	DIRECTOR	001.00	Director	$0	$0	$0
BOB DEKEN	DIRECTOR	001.00	Director	$0	$0	$0
DAVID FREELAND	EXECUTIVE ADMINISTRATOR	025.00	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
2022	$146,205	$156,285	$234,090	$-10,080
2021	$188,509	$130,622	$242,170	$57,887
2020	$192,949	$200,579	$200,065	$-7,630
2019	$232,595	$239,177	$202,226	$-6,582
2018	$295,363	$239,364	$208,873	$55,999

Arizona Society of Practicing Accountants