ASSOCIATION OF INDEPENDENT SCHOOLS… - 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

1970

Legal Domicile

Principal Officer

SARA WILSON

Phone

6173291483

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF INDEPENDENT SCHOOLS IN NE, founded in 1970, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.3M left a modest 4% surplus.

Mission

WITH AN ENDURING COMMITMENT TO EQUITY AND INCLUSION, AISNE HARNESSES THE COLLECTIVE POWER OF ITS MEMBERS TO SUPPORT AND STRENGTHEN NEW ENGLAND INDEPENDENT SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $1,856,284 Revenue: $1,086,882

THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND (AISNE) SERVES OVER 270 INDEPENDENT SCHOOLS IN MASSACHUSETTS, RHODE ISLAND, VERMONT, NEW HAMPSHIRE, AND MAINE. THE ASSOCIATION SUPPORTS THE...

THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND (AISNE) SERVES OVER 270 INDEPENDENT SCHOOLS IN MASSACHUSETTS, RHODE ISLAND, VERMONT, NEW HAMPSHIRE, AND MAINE. THE ASSOCIATION SUPPORTS THE SHARED GOALS AND DIVERSE CHARACTER OF ITS SCHOOLS BY PROVIDING GUIDANCE, DATA, ACCREDITATION, AND A BROAD RANGE OF PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO ITS MEMBERS, AND BY ACTIVELY ADVOCATING FOR THE VALUE OF AN INDEPENDENT SCHOOL EDUCATION TO FAMILIES SEEKING WIDER CHOICES FOR THEIR CHILDREN.

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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 $1,201,977

Program Service Revenue $1,086,882

Investment Income $95,015

Other Revenue $0

TOTAL REVENUE $2,383,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,347,991

Fundraising Expenses $0

Program Expenses $1,856,284

Other Expenses $949,658

TOTAL EXPENSES $2,297,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,383,874	$2,275,719	+0.0%
Expenses	$2,297,649	$2,090,736	+0.1%
Net Income	$86,225	$184,983	-0.5%

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

$226,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON GAINES PELL	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON WEBSTER	SECRETARY	1.00	Officer Director	$0	$0	$0
BRAD BATES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN HARGROVE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES CARTER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE HEARD	DIRECTOR	1.00	Director	$0	$0	$0
GRACE COTTER REGEN	DIRECTOR	1.00	Director	$0	$0	$0
INDU SINGH	DIRECTOR	1.00	Director	$0	$0	$0
JADI TAVERAS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ZACCARA	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY KERIN	DIRECTOR	1.00	Director	$0	$0	$0
LISE CHARLIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
NONI THOMAS LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
RENEE GREENFIELD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH PELMAS	DIRECTOR	1.00	Director	$0	$0	$0
SHARON HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
SOPHIE LAU	DIRECTOR	1.00	Director	$0	$0	$0
TARA GOHLMANN	TREASURER	1.00	Officer Director	$0	$0	$0
YULLY CHA	DIRECTOR	1.00	Director	$0	$0	$0
SARA WILSON	EXECUTIVE DIRECTOR (AS OF 7/1/24)	35.00	Officer	$197,184	$29,535	$226,719
REBECCA BIGGS	DIRECTOR OF PROFESSIONAL LEARNING	35.00	Highest	$147,974	$14,797	$162,771
ELIZA ALEXANDER	DIRECTOR OF RESEARCH & SPECIAL PROGRAMS	35.00	Highest	$138,842	$29,116	$167,958
ALEXANDER NOREN	DIRECTOR OF FINANCE, TECHNOLOGY & OPERATIONS	35.00	Highest	$140,627	$31,579	$172,206
JEFF COVELLO	DIRECTOR OF MARKETING AND SPONSORSHIPS	35.00	Highest	$142,925	$20,411	$163,336
BETH FRIEDMAN	DIRECTOR OF ACCREDITATION	35.00	Highest	$105,514	$11,467	$116,981
CLAIRE LEHENY	FORMER EXECUTIVE DIRECTOR (THRU 6/30/24)	35.00		$150,851	$17,573	$168,424

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	$2,383,874	$2,297,649	$2,378,346	$86,225
2024	$2,275,719	$2,090,736	$2,314,010	$184,983
2023	$2,019,506	$1,923,842	$1,982,610	$95,664
2022	$1,818,413	$1,760,535	$1,881,869	$57,878
2021	$99,376	$125,211	$2,088,033	$-25,835
2021	$2,253,941	$1,537,767	$1,935,076	$716,174
2020	$1,507,171	$1,623,098	$1,392,986	$-115,927
2019	$1,604,520	$1,600,946	$1,388,104	$3,574

ASSOCIATION OF INDEPENDENT SCHOOLS IN NE