NATIONAL SOCIETY OF TAX PROFESSION… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

KEITH E HUEBEL

Phone

3606958309

Tax Period

2023-10-01 to 2024-09-30

NATIONAL SOCIETY OF TAX PROFESSIONALS, founded in 1985, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 4% surplus.

Mission

TO PROVIDE CONTINUING EDUCATION, INFORMATION & RESOURCES TO TAX PROFESSIONALS THROUGHOUT THE YEAR. THE ORGANIZATION BELIEVES THAT TAX PREPARATION, CONSULTING, PLANNING, ETC REPRESENTS AN INDUSTRY OF ITS OWN. THEREFORE, IT STRIVES TO: PROVIDE A STRONG NATIONAL AND PROFESSIONAL MEMBERSHIP ORGANIZATION THAT SPEAKS FOR THE RIGHTS AND INTERESTS OF INDIVIDUAL TAX PROFESSIONALS; ESTABLISH AN IDENTITY WITH THE TAXPAYING PUBLIC; EDUCATE THE GENERAL PUBLIC WITH RESPECT TO THE EDUCATIONAL AND PROFESSIONAL SKILLS DEMANDED OF TODAY'S PROFESSION; ELEVATE THE ACCEPTANCE AND PRESTIGE OF TAX PROFESSIONALS; PROMOTE HIGH STANDARDS OF COMPETENCE AND ETHICS WITHIN THE PROFESSION; PROMOTE MUTUAL RESPECT AND COMMUNICATION BETWEEN THE IRS AND TAX PROFESSIONALS; AND SPONSOR EDUCTIONAL PROGRAMS TO ENHANCE PROFESSIONAL ABILITY AND KNOWLEDGE.

Program Service Accomplishments

Program 1

THE THREE MOST SIGNIFICANT ACTIVITIES ARE: 1)PROVIDING LIVE LOCAL AND REGIONAL SEMINARS WHICH ARE DEVELOPED AND PRESENTED ACROSS THE UNITED STATES TO MAKE THE TRAINING AS BENEFICIAL AND CONVENIENT AS POSSIBLE. NSTP'S SEMINARS PROVIDE OPPORTUNITIES TO MEET WITH THE ORGANIZATION'S OFFICERS, BOARD OF DIRECTORS AND FELLOW TAX PROFESSIONALS. 2) PROVIDING TRAINING MATERIALS, LIVE WEBINARS AND ON-DEMAND WEBINARS WHICH ARE PRODUCED TO UPDATE MEMBERS' TAX KNOWELDGE REGARDING CURRENT LEGISLATION WHICH BETTER ASSISTS ATTENDEE'S CLIENTS. THIS PROVIDES MEMBERS WITH REQUIRED CONTINUING EDUCATION CREDITS. BI-MONTHLY PUBLICATIONS & WEEKLY EMAILS ARE PROVIDED TO MEMBERS WITH RELEVANT TAX ARTICLES AND THE LATEST TAX LAW CHANGES. THESE ARE PROVIDED ELECTRONICALLY AND IN PRINT FORMAT. 3)PROVIDING A TAX HELPLINE TO MEMBERS WHICH PROVIDES RESPONSES AND ANSWERS TO MEMBER TAX INQUIRIES AS THEY RELATE TO THEIR CLIENTS.

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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 $1,089,672

Investment Income $10,126

Other Revenue $51,625

TOTAL REVENUE $1,151,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $482,555

Fundraising Expenses $0

Other Expenses $626,340

TOTAL EXPENSES $1,108,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,151,423	$1,119,368	+0.0%
Expenses	$1,108,895	$1,200,706	-0.1%
Net Income	$42,528	$-81,338	-1.5%

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

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

$76,855

Total Directors

$85,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUMMER HODGES	EXECUTIVE DI	40.00	Highest	$100,213	$0	$100,213
PAUL LA MONACA	VICE PRESIDE	10.00	Officer Director	$59,905	$0	$59,905
KEITH E HUEBEL	PRESIDENT	2.00	Officer Director	$8,750	$0	$8,750
RYAN J PIERCE	DIRECTOR - T	1.00	Officer Director	$5,450	$0	$5,450
RICK AMICO	PRESIDENT	1.00	Officer Director	$2,750	$0	$2,750
JOY BURGESS	DIRECTOR	1.00	Director	$2,750	$0	$2,750
GEORGE H KRESSLEIN JR	DIRECTOR	1.00	Director	$2,750	$0	$2,750
MARY ESTHER SCHNEIDER	DIRECTOR	1.00	Director	$2,750	$0	$2,750

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	$1,151,423	$1,108,895	$945,583	$42,528
2023	$1,119,368	$1,200,706	$1,010,376	$-81,338
2022	$1,213,030	$1,235,918	$1,086,669	$-22,888
2021	$1,060,538	$1,093,257	$1,125,217	$-32,719
2020	$1,299,839	$1,247,166	$1,434,219	$52,673
2018	$1,337,069	$1,189,098	$986,510	$147,971

NATIONAL SOCIETY OF TAX PROFESSIONALS