AMERICAN ASSOCIATION OF COSMETOLOGY SCHOOLS

EIN: 136163824

WASHINGTON, DC

Total Revenue
$2,428,227
Total Expenses
$1,696,712
Total Assets
$1,486,621
Net Assets
$1,242,269
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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
AZ
Principal Officer
CECIL KIDD
Phone
4802810431
Tax Period
2023-01-01 to 2023-12-31

AMERICAN ASSOCIATION OF COSMETOLOGY SCHOOLS, founded in 1970, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $732K, a strong 30% operating margin.

Mission

AACS BRINGS TOGETHER ALL FACETS OF THE COSMETOLOGY, BEAUTY, AND WELLNESS INDUSTRIES TO ADVANCE THE EDUCATION OF COSMETOLOGY, BEAUTY AND WELLNESS AND TO REPRESENT THE INTERESTS OF RELATED EDUCATIONAL INSTITUTIONS AND THEIR STUDENTS BEFORE REGULATORY AND LEGISLATIVE BODIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,871,234
Program Service Revenue $519,385
Investment Income $30,310
Other Revenue $7,298
TOTAL REVENUE $2,428,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $324,903
Fundraising Expenses $0
Other Expenses $1,371,809
TOTAL EXPENSES $1,696,712

Year-over-Year Comparison

2023 2022 Change
Revenue $2,428,227 $1,525,195 +0.6%
Expenses $1,696,712 $1,526,816 +0.1%
Net Income $731,515 $-1,621 -452.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
90

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
4
$166,160
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHY KOLUCH CHAIR 2.00
Officer Director
$0 $0 $0
GARRETT SHULER VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOHN TURNAGE SECRETARY /T 2.00
Officer Director
$0 $0 $0
STACY WELLS STRATEGY COM 2.00
Director
$0 $0 $0
CHRIS LINFORD DIRECTOR 2.00
Director
$0 $0 $0
STEPHENIE DUGAN DIRECTOR 2.00
Director
$0 $0 $0
KEVIN CAMERON DIRECTOR 2.00
Director
$0 $0 $0
JIM PETRILLO DIRECTOR 2.00
Director
$0 $0 $0
DANA PERSICO DIRECTOR 2.00
Director
$0 $0 $0
RODRICK SAMUELS DIRECTOR 2.00
Director
$0 $0 $0
CECIL KIDD EXECUTIVE DI 40.00
Officer
$160,366 $5,794 $166,160
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
2024 No data No data No data No data
2023 $2,428,227 $1,696,712 $1,486,621 $731,515
2022 $1,525,195 $1,526,816 $770,231 $-1,621
2021 $1,066,197 $1,292,112 $1,137,711 $-225,915
2020 $1,404,540 $1,232,934 $1,120,167 $171,606
2019 $1,661,329 $1,820,291 $1,123,455 $-158,962
2019 $1,661,329 $1,820,291 $1,123,455 $-158,962
2018 $1,748,109 $1,867,075 $1,116,565 $-118,966
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