CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (EIN 941056137) - 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

1909

Legal Domicile

Principal Officer

NATALIE QUAN

Phone

6505223021

Tax Period

2024-05-01 to 2025-04-30

CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, founded in 1909, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

SUPPORT ITS MEMBERS AND PROMOTE THE INTEGRITY OF THE CPA PROFESSION

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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 (2024)

Revenue Breakdown

Contributions & Grants $478,524

Program Service Revenue $10,406,924

Investment Income $956,747

Other Revenue $694,325

TOTAL REVENUE $12,536,520

Expense Breakdown

Grants Paid $227,746

Salaries & Benefits $6,602,484

Fundraising Expenses $0

Program Expenses $0

Other Expenses $5,560,131

TOTAL EXPENSES $12,390,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,536,520	$13,360,307	-0.1%
Expenses	$12,390,361	$12,936,092	0.0%
Net Income	$146,159	$424,215	-0.7%

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

899

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

$871,662

Total Directors

Key Employees

$564,980

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise DeLuc Froemming	President & Chief Executive Officer	20	Officer	$280,593	$15,102	$576,288
Natalie Quan	Vice President & Chief Financial Officer	20	Officer	$139,856	$15,662	$295,374
Jennifer Weed	Vice President Learning, Competency and Knowledge	12	Key Emp	$82,531	$15,723	$290,825
Emil Redzic	Vice President of Information Technology	20	Key Emp	$125,464	$23,227	$274,155
Jason Fox	Vice President of Government Relations	40	Highest	$241,710	$22,206	$263,916
Jill Pitchenik	Vice President, Strategic Business Operations and DE&I	26	Highest	$156,676	$13,437	$254,477
Todd Boyd	Senior Salesforce Developer	20	Highest	$103,012	$10,419	$216,443
Cheryl Callahan	Senior Director, Marketing and Communication	20	Highest	$93,511	$13,879	$200,901
Denise Bethel	Senior Director, Business Development and Partnerships	20	Highest	$91,807	$6,494	$190,108
Matthew Martin	Chair	1	Officer Director	$0	$0	$0
Jillian Phan	First Vice Chair	1	Officer Director	$0	$0	$0
Miklos Ringbauer	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Meredith Johnson	Immediate Past Chair	1	Officer Director	$0	$0	$0
Grace Clark	Vice Chair	1	Officer Director	$0	$0	$0
Jonathan Bryson - eff 7-2024	Vice Chair	1	Officer Director	$0	$0	$0
Mike Ray - eff 7-2024	Vice Chair	1	Officer Director	$0	$0	$0
Dalton Sweaney	Vice Chair	1	Officer Director	$0	$0	$0
Ruben Davila	Foundation Chair	1	Director	$0	$0	$0
Adam Blaylock	Appointed Member	1	Director	$0	$0	$0
Amber Setter - eff 7-2024	Appointed Member	1	Director	$0	$0	$0
Marjorie McPike	Council Representative to the Board	1	Director	$0	$0	$0
Charlie Osaki	Council Representative to the Board	1	Director	$0	$0	$0
Tayiika Dennis - through 7-2024	Immediate Past Chair	1	Director	$0	$0	$0
Erin Roche - through 7-2024	Council Representative to the Board	1	Director	$0	$0	$0
David Neighbors - through 7-2024	Vice Chair	1	Director	$0	$0	$0
Mei-Li Huang - through 7-2024	Appointed Member	1	Director	$0	$0	$0
Glenn Freed - eff 7-2024	Council Representative to the Board	1	Director	$0	$0	$0
Julia Walther - eff 7-2024	Council Representative to the Board	1	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	$12,536,520	$12,390,361	$32,045,786	$146,159
2024	$13,360,307	$12,936,092	$28,658,281	$424,215
2023	$11,852,377	$14,094,916	$31,429,231	$-2,242,539
2022	$12,527,694	$12,404,438	$29,020,623	$123,256
2021	$13,544,885	$10,767,091	$29,880,424	$2,777,794
2020	$13,565,550	$14,410,632	$28,328,460	$-845,082
2019	$14,077,887	$13,914,583	$29,923,015	$163,304
2018	$13,920,068	$14,886,079	$29,740,614	$-966,011

CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS