Tom Hood

Maryland Association of CPA/Business Learning Institute

hood-tom-headshots-2019Tom Hood has been CEO of the Maryland Association of Certified Public Accountants since 1997, but MACPA has faced some of its most challenging times since the start of the recession in 2008.

Technology, the demographics of an aging membership and CPA workforce and legislative and regulatory changes, including the growing complexity of accounting standards, have led to declining revenue in MACPA’s training and professional development business. But Hood has been involved in multiple projects, including some launched long before the recession, to modernize the profession in Maryland and nationally.

He volunteered with the American Institute of CPAs as it founded its national training business, the Business Learning Institute. He has helped grow MACPA’s legislative impact with events such as CPA Day in Annapolis and helped the national organization with strategic planning. Finally, a digital transformation at MACPA has increased revenue and led to changes in staffing. MACPA also led the state CPA groups in establishing national standards for short training modules for busy professionals.

Hood said he strives as a leader to stay ahead of changes in the profession. “Technology is an accelerator of strategy, not a strategy itself. I believe in setting a vision every three years based on research on the trends in the business community and the CPA profession,” he said. “I also believe in leading by leveraging the strengths of our team members and maximizing their potential. Our culture is our greatest competitive advantage and can be described as innovative, accountable and visionary.”

This is a winner profile from The Daily Record's 2019 Maryland's Most Admired CEOs awards. Some information for this profile was sourced from the honoree's application for the award.