THE TUITION EXCHANGE INC

EIN: 042227075 501(c)(3) Education

BETHESDA, MD

Total Revenue
$875,089
Total Expenses
$1,039,243
Total Assets
$1,550,184
Net Assets
$1,389,799
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
MD
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 EXPANSION OF THE TUITION EXCHANGE SCHOLARSHIP PROGRAM.

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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 $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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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
11

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
3
$218,521
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
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
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