Independent Educational Consultant… - 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

1976

Legal Domicile

Principal Officer

Stephanie Simpson

Phone

7035914850

Tax Period

2024-07-01 to 2025-06-30

Independent Educational Consultants Association, founded in 1976, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $3.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

To promote the welfare of and exchange of information between colleges, schools, private educational agencies and independent education consultants to the benefit of the public at large to develop and promulgate standards, codes and recommended practices for consultants.

Program Service Accomplishments

Program 1

Expenses: $1,276,404 Revenue: $994,570

National conferences and workshops bring together between 50 and 1500 consultants and admission officers to explore and learn about the latest educational theories.

Program 2

Expenses: $920,643 Revenue: $938,098

Member services provide resources to approximately 2,200 members to help them better assist the public.

Program 3

Expenses: $473,740 Revenue: $385,322

Publications and assistance to members pertaining to current issues in schools and colleges to keep them informed and up to date in the education field.

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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 $133,250

Program Service Revenue $2,393,475

Investment Income $20,270

Other Revenue $15,500

TOTAL REVENUE $2,562,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,429,014

Fundraising Expenses $0

Program Expenses $2,670,787

Other Expenses $1,580,943

TOTAL EXPENSES $3,009,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,562,495	$3,091,392	-0.2%
Expenses	$3,009,957	$2,953,098	+0.0%
Net Income	$-447,462	$138,294	-4.2%

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

360

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

$430,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ibrahim Firat	Past President	1.00	Officer Director	$0	$0	$0
Belinda Wilkerson	President	1.00	Officer Director	$0	$0	$0
Linda Daley	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Sherri Maxman	VP for Committees	1.00	Officer Director	$0	$0	$0
Brooke Daly	VP for Education	1.00	Officer Director	$0	$0	$0
Julia Gooding	VP for Ethics & Standards	1.00	Officer Director	$0	$0	$0
Vita Cohen	VP for Membership & Engagement	1.00	Officer Director	$0	$0	$0
Chris Andersson	Director	1.00	Director	$0	$0	$0
Stephanie Klein Wassink	Director	1.00	Director	$0	$0	$0
Suzanne Lewis	Director	1.00	Director	$0	$0	$0
Mindy Goodman	Director	1.00	Director	$0	$0	$0
Marilyn O'Toole	Director	1.00	Director	$0	$0	$0
Amy McVeigh	Director	1.00	Director	$0	$0	$0
Juan-Camilo Tamayo	Director	1.00	Director	$0	$0	$0
Mark Sklarow	CEO thru Nov 2024	50.00	Officer	$272,535	$13,961	$286,496
Leigh Allen	CEO Dec 24-Apr 25	50.00	Officer	$16,470	$2,900	$19,370
Susan DePra	Interim CEO beginning May 2025	50.00	Officer	$119,051	$6,052	$125,103
Sarah Brachman	Director of Communications	50.00	Highest	$109,392	$5,739	$115,131
Rachel King	Director of Conferences	50.00	Highest	$110,429	$5,469	$115,898

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	$2,562,495	$3,009,957	$1,025,871	$-447,462
2024	$3,091,392	$2,953,098	$1,398,033	$138,294
2023	$2,890,585	$3,044,245	$1,201,180	$-153,660
2022	$2,612,861	$2,336,965	$1,517,963	$275,896
2021	$2,525,134	$1,984,171	$1,144,970	$540,963
2020	$2,059,311	$2,305,604	$988,307	$-246,293
2019	$3,064,514	$2,810,474	$680,281	$254,040
2018	$2,729,083	$2,844,844	$394,587	$-115,761

Independent Educational Consultants Association