COMMISSION ON INDEPENDENT COLLEGES… - 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

1956

Legal Domicile

Principal Officer

LOLA W BRABHAM

Phone

5184364781

Tax Period

2024-07-01 to 2025-06-30

COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES, founded in 1956, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 5% surplus.

Mission

MEMBERSHIP ASSOCIATION FOR INDEPENDENT COLLEGE AND UNIVERSITY CHIEF EXECUTIVES.

Program Service Accomplishments

Program 1

Expenses: $2,161,131 Revenue: $2,344,249

THE COORDINATING ORGANIZATION AND PUBLIC FORUM REPRESENTING MORE THAN 100 MEMBER NOT-FOR-PROFIT INSTITUTIONS OF HIGHER EDUCATION IN THE INDEPENDENT SECTOR. LIAISON AND REPRESENTATIVE OF MEMBERS TO...

THE COORDINATING ORGANIZATION AND PUBLIC FORUM REPRESENTING MORE THAN 100 MEMBER NOT-FOR-PROFIT INSTITUTIONS OF HIGHER EDUCATION IN THE INDEPENDENT SECTOR. LIAISON AND REPRESENTATIVE OF MEMBERS TO VARIOUS STATE LEGISLATIVE COMMITTEES AND STATE AGENCIES. PRODUCE VARIOUS PUBLICATIONS AND PRESENTATIONS PROMOTING ADMISSION TO INDEPENDENT COLLEGES AND UNIVERSITIES.

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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 $112,520

Program Service Revenue $2,209,998

Investment Income $205,637

Other Revenue $75,109

TOTAL REVENUE $2,603,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,939,692

Fundraising Expenses $0

Program Expenses $2,161,131

Other Expenses $529,088

TOTAL EXPENSES $2,468,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,603,264	$2,624,953	0.0%
Expenses	$2,468,780	$2,358,177	+0.0%
Net Income	$134,484	$266,776	-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

$1,041,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BAILEY	TRUSTEE (TO MARCH)	0.50	Director	$0	$0	$0
LEON BOTSTEIN	TRUSTEE (TO MARCH)	0.50	Director	$0	$0	$0
FRANCES BRONET	TRUSTEE (TO MARCH)	0.50	Director	$0	$0	$0
MICHAEL BROPHY	TRUSTEE	0.50	Director	$0	$0	$0
SUSAN BURNS	TRUSTEE	0.50	Director	$0	$0	$0
CINNAMON CARLARNE	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL CASSIDY	TRUSTEE	0.50	Director	$0	$0	$0
KIMBERLY CLINE	TRUSTEE	0.50	Director	$0	$0	$0
MARC CONNER	TRUSTEE	0.50	Director	$0	$0	$0
LA JERNE TERRY CORNISH	TRUSTEE	0.50	Director	$0	$0	$0
ANTHONY CROWELL	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH DALY	TRUSTEE	0.50	Director	$0	$0	$0
BASSAM DEEB	TRUSTEE (TO MARCH)	0.50	Director	$0	$0	$0
HANK FOLEY	TRUSTEE (TO MARCH)	0.50	Director	$0	$0	$0
MATTHEW GIORDANO	TRUSTEE (FROM MARCH)	0.50	Director	$0	$0	$0
RUPERT HAYLES	TRUSTEE	0.50	Director	$0	$0	$0
MARVIN KRISLOV	TRUSTEE	0.50	Director	$0	$0	$0
WAYNE LEWIS JR	TRUSTEE	0.50	Director	$0	$0	$0
LYNN ORTALE	TRUSTEE	0.50	Director	$0	$0	$0
SUSAN PARISH	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH PAUL	TRUSTEE (TO MARCH)	0.50	Director	$0	$0	$0
TODD PFANNESTIEL	TRUSTEE	0.50	Director	$0	$0	$0
SHAEL POLAKOW-SURANSKY	TRUSTEE (TO MARCH)	0.50	Director	$0	$0	$0
MATTHEW SHAFTEL	TRUSTEE	0.50	Director	$0	$0	$0
REV BRIAN SHANLEY	TRUSTEE (FROM MARCH)	0.50	Director	$0	$0	$0
STEVE STOUTE	TRUSTEE	0.50	Director	$0	$0	$0
TANIA TETLOW	TRUSTEE	0.50	Director	$0	$0	$0
TOYIN TOFADE	TRUSTEE	0.50	Director	$0	$0	$0
CHARLES SEIFERT	CHAIR	0.50	Officer Director	$0	$0	$0
DAVID HARRIS	VICE-CHAIR (TO MARCH)	0.50	Officer Director	$0	$0	$0
JAMES LENTINI	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
SHARON DEVIVO	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
LORRIE CLEMO	SECRETARY (TO MARCH)	0.50	Officer Director	$0	$0	$0
CHARLES GIBBS	SECRETARY (FROM MARCH)	0.50	Officer Director	$0	$0	$0
LOLA BRABHAM	PRESIDENT	35.63	Officer	$323,004	$34,702	$374,706
CLAIRE MILLER	VP STRATEGIC DEV/CHIEF OF STAFF	37.50	Officer	$131,828	$25,977	$157,805
KEITH CUSHING	VP RESEARCH/ADMIN	37.50	Officer	$133,124	$51,787	$184,911
THOMAS SCHNURR	DIRECTOR OF GOV AFFAIRS	35.63	Officer	$87,945	$43,672	$136,246
EDICECIL SAMANIEGO	CFO	37.50	Officer	$135,571	$51,771	$187,342

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	$2,603,264	$2,468,780	$9,617,579	$134,484
2024	$2,624,953	$2,358,177	$9,246,059	$266,776
2023	$2,358,970	$2,402,031	$8,890,201	$-43,061
2022	$2,269,606	$2,203,275	$8,699,899	$66,331
2021	$2,617,125	$1,860,757	$8,697,895	$756,368
2020	$2,445,781	$1,919,642	$7,967,839	$526,139
2019	$2,392,790	$1,934,375	$7,230,543	$458,415

COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES