THE TUITION EXCHANGE INC

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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

1954

Legal Domicile

Principal Officer

DR KRISTIN R TICHENOR

Phone

3019411827

Tax Period

2024-07-01 to 2025-06-30

THE TUITION EXCHANGE INC, founded in 1954, is a small nonprofit in the Education sector that reported $875K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ENSURE THAT ALL SEGMENTS OF THE POPULATION HAVE ACCESS TO MORE POST- SECONDARY EDUCATION THROUGH THE TUITION EXCHANGE SCHOLARSHIP PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $805,509 Revenue: $854,590

THE TUITION EXCHANGE IS A NATIONAL SCHOLARSHIP EXCHANGE PROGRAM FOR INSTITUTIONS OF HIGHER EDUCATION. THE PROGRAM IS A NETWORK OF COLLEGES AND UNIVERSITIES WILLING TO ACCEPT, TUITION-FREE (OR AT THE SET RATE), STUDENTS FROM FULL-TIME EMPLOYEES OF PARTICIPATING INSTITUTIONS. EACH PARTICIPATING INSTITUTION AGREES TO TRY TO BALANCE EXPORTED STUDENTS WITH IMPORTED STUDENTS. MEMBERS ESTABLISH THEIR OWN RULES FOR SENDING AND RECEIVING STUDENTS. TUITION EXCHANGE'S MAIN SOURCES OF REVENUE ARE MEMBERSHIP DUES AND PARTICIPATION FEES. FULL MEMBERSHIP SERVICES INCLUDE PROVIDING PRINT MARKETING MATERIALS, STAFF DEVELOPMENT TRAINING, DATA REPORTING, COMPREHENSIVE WEBSITE RESOURCES, ON-LINE APPLICATION PROCESS, EMAIL/CALL CENTER/ASSISTANCE FROM STAFF IN DAILY ON-CAMPUS ADMINISTRATION OF THE TUITION EXCHANGE PROGRAM, AND YEAR-ROUND RECRUITMENT OF NEW MEMBER INSTITUTIONS. GRANTS ARE ALSO AWARDED IN ORDER TO SUPPLEMENT TUITION EXCHANGE SCHOLARSHIPS FOR THOSE HIGH ACHIEVING STUDENTS WHO NEED MORE FINANCIAL HELP IN PAYING NON-TUITION COLLEGE EXPENSES.

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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 $1,312

Program Service Revenue $854,590

Investment Income $19,187

Other Revenue $0

TOTAL REVENUE $875,089

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $690,916

Fundraising Expenses $0

Program Expenses $805,509

Other Expenses $308,327

TOTAL EXPENSES $1,039,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$875,089	$888,813	0.0%
Expenses	$1,039,243	$885,527	+0.2%
Net Income	$-164,154	$3,286	-51.0%

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

$218,521

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN M BYNUM	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DR LUCIE LAPOVSKY	TREASURER	2.00	Officer Director	$0	$0	$0
EDWIN J BUTTERFOSS	DIRECTOR	2.00	Director	$0	$0	$0
DR ANTHONY S CAPRIO	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA B FRITZE	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN A MCKINNON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL H SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA J STONE	DIRECTOR	2.00	Director	$0	$0	$0
PAUL W REDFERN	DIRECTOR	2.00	Director	$0	$0	$0
YVONNE BERUMEN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MOWEN	DIRECTOR	2.00	Director	$0	$0	$0
DR KRISTIN R TICHENOR	PRESIDENT	37.50	Officer	$182,693	$35,828	$218,521
KRISTINE LEV - ASSOCIATE VP FINANCE	AND OPERATIO	37.50	Highest	$106,430	$15,016	$121,446

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	$875,089	$1,039,243	$1,550,184	$-164,154
2024	$888,813	$885,527	$1,848,164	$3,286
2023	$782,739	$718,656	$1,649,013	$64,083
2022	$746,030	$683,680	$1,514,822	$62,350
2021	$763,072	$658,364	$1,682,595	$104,708
2020	$719,565	$637,200	$1,354,132	$82,365
2019	$725,195	$672,605	$1,213,323	$52,590
2018	$695,970	$646,120	$1,180,544	$49,850