Minority Accounting Career Resource Society

EIN: 884294163 501(c)(3) Education

Detroit, MI

Total Revenue
$367,092
Total Expenses
$83,687
Total Assets
$492,798
Net Assets
$476,144
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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
2022
Legal Domicile
MI
Principal Officer
Ashley Johnson
Tax Period
2024-01-01 to 2024-12-31

Minority Accounting Career Resource Society, founded in 2022, is a small nonprofit in the Education sector that reported $367K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $283K, a strong 77% operating margin.

Mission

Our mission is to provide pathways for minority students to become CPAs and excel in their accounting careers.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $356,550
Program Service Revenue $0
Investment Income $10,542
Other Revenue $0
TOTAL REVENUE $367,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,582
Fundraising Expenses $-38
Program Expenses $63,716
Other Expenses $51,105
TOTAL EXPENSES $83,687

Year-over-Year Comparison

2024 2023 Change
Revenue $367,092 $264,266 +0.4%
Expenses $83,687 $71,527 +0.2%
Net Income $283,405 $192,739 +0.5%
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

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Governance

Voting Members
10
Independent Members
8
Employees
2
Volunteers
N/A

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
4
$30,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashley Johnson President and CEO 4.00
Officer
$15,000 $0 $15,000
Robyn Butler Vice President and COO 2.00
Officer
$15,000 $0 $15,000
Deijah Perkins Board Member 0.00
Director
$0 $0 $0
Lance Johnson Board Member 0.00
Director
$0 $0 $0
Keith Butler Board Member 0.00
Director
$0 $0 $0
Maria Franklin Board Member 0.00
Director
$0 $0 $0
Kerrie Mitchell Board Member 0.00
Director
$0 $0 $0
Mary Barton Board Member 0.00
Director
$0 $0 $0
Zena Aljibory Treasurer 0.00
Officer
$0 $0 $0
Erica Bender Program Manager and Secretary 1.00
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
2024 $367,092 $83,687 $492,798 $283,405
2023 $264,266 $71,527 $208,364 $192,739
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