MATHEMATICAL ASSOCIATION OF AMERIC… - 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

1920

Legal Domicile

Principal Officer

J MICHAEL PEARSON

Phone

2023875200

Tax Period

2024-01-01 to 2024-12-31

MATHEMATICAL ASSOCIATION OF AMERICA INC, founded in 1920, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $10.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE MISSION OF THE MAA IS TO ADVANCE THE UNDERSTANDING OF MATHEMATICS AND ITS IMPACT ON OUR WORLD.

Program Service Accomplishments

Program 1

Expenses: $2,688,403

FEDERAL/OTHER EXTERNALLY FUNDED PROGRAMS - THE MAA PROVIDES ADVICE AND TECHNICAL ASSISTANCE, WHICH ENHANCE MATHEMATICAL EDUCATION, THROUGH THE SUPPORT OF FEDERAL GOVERNMENT AGENCIES AND OTHER...

FEDERAL/OTHER EXTERNALLY FUNDED PROGRAMS - THE MAA PROVIDES ADVICE AND TECHNICAL ASSISTANCE, WHICH ENHANCE MATHEMATICAL EDUCATION, THROUGH THE SUPPORT OF FEDERAL GOVERNMENT AGENCIES AND OTHER EXTERNAL FUNDERS.

Program 2

Expenses: $1,425,082 Revenue: $894,442

MEMBERSHIP SERVICES - THE MAA MEMBERS INCLUDE UNIVERSITY, COLLEGE, AND HIGH SCHOOL TEACHERS; GRADUATE AND UNDERGRADUATE STUDENTS; PURE AND APPLIED MATHEMATICIANS; COMPUTER SCIENTISTS; STATISTICIANS; STEM PROFESSIONALS, AND MANY OTHERS IN ACADEMIA, GOVERNMENT, BUSINESS, AND INDUSTRY. THE MAA PROVIDES MEMBERSHIP SERVICES CENTERED AROUND OUR CORE VALUES: COMMUNITY, INCLUSIVITY, COMMUNICATION, TEACHING & LEARNING. WE SUPPORT THE MISSION AND CORE VALUES THROUGH OUTREACH, PROGRAMS, MEETINGS, COMPETITIONS, AND PUBLICATIONS, AS WELL AS NATIONAL COMMITTEES AND 29 REGIONAL SECTIONS.

Program 3

Expenses: $1,131,263 Revenue: $1,688,368

THE MAA PUBLISHES AN ARRAY OF PEER-REVIEWED JOURNALS, BOTH PRINT AND ELECTRONIC REPRESENTING MAA'S COMMITMENT TO HIGH-QUALITY EXPOSITION OF MATH AND TEACHING AT THE COLLEGIATE LEVEL. AVAILABLE ARE...

THE MAA PUBLISHES AN ARRAY OF PEER-REVIEWED JOURNALS, BOTH PRINT AND ELECTRONIC REPRESENTING MAA'S COMMITMENT TO HIGH-QUALITY EXPOSITION OF MATH AND TEACHING AT THE COLLEGIATE LEVEL. AVAILABLE ARE THE MAA FOCUS WHICH IS THE MAA'S NEWS MAGAZINE. ALSO AVAILABLE ARE THE AMERICA MATHEMATICAL MONTHLY (10,000 SUBSCRIBERS), THE MOST WIDELY CIRCULATED JOURNAL OF COLLEGIATE MATH IN THE WORLD. MATHEMATICS MAGAZINE (8,000) AND THE COLLEGE MATH JOURNAL (8,000) OFFER A WIDE ARRAY OF MATH TOPICS. THE ONLINE PUBLICATION CONVERGENCE EMPHASIZES APPLETS AND OTHER DIGITAL RESOURCES AND THE HISTORY OF MATH. MATH HORIZONS (12,000) IS AIMED AT THE UNDERGRADUATE STUDENT.MAA PUBLISHES MANY BOOKS PER YEAR AND MAINTAINS PAST TITLES TOTALING HUNDREDS OF BOOKS AVAILABLE. WE SERVE PRIMARILY FACULTY AND UNDERGRADUATE STUDENTS WITH SOME SELECT TITLES SUITABLE FOR STUDENTS AND FACULTY AT THE GRADUATE LEVEL. TEXTBOOKS AND TEXTBOOK SUPPLEMENTS ARE A SIGNIFICANT COMPONENT OF OUR TITLES WITH THE AIM TO PROVIDE HIGH QUALITY BOOKS TO STUDENTS AT AFFORDABLE PRICES. WE ALSO OFFER PEDAGOGICAL AND BOOKS OF MATH PROBLEMS TO ACCOMMODATE A WIDE RANGE OF READERS. WE ALSO OFFER MATH BIOGRAPHIES, POPULAR WORKS AND MONOGRAPHS, ALL OF WHICH ARE WIDELY ACCESSIBLE TO THE GENERAL PUBLIC.

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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 $3,505,232

Program Service Revenue $4,888,778

Investment Income $-454,310

Other Revenue $45,252

TOTAL REVENUE $7,984,952

Expense Breakdown

Grants Paid $575,863

Salaries & Benefits $3,823,552

Fundraising Expenses $513,460

Program Expenses $7,291,902

Other Expenses $5,779,425

TOTAL EXPENSES $10,178,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,984,952	$8,598,932	-0.1%
Expenses	$10,178,840	$10,048,307	+0.0%
Net Income	$-2,193,888	$-1,449,375	+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

200

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

$647,746

Total Directors

$129,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA J WYELS	SECRETARY	5.00	Officer Director	$81,997	$0	$81,997
NANCY NEUDAUER	ASSOCIATE SECRETARY	5.00	Officer Director	$25,633	$0	$25,633
HORTENSIA SOTO	PRESIDENT	10.00	Officer Director	$21,500	$0	$21,500
JENNA CARPENTER	PRESIDENT-ELECT - AS OF 07/2024	5.00	Officer Director	$0	$0	$0
RICHARD CLEARY	VICE PRESIDENT - AS OF 07/2024	5.00	Officer Director	$0	$0	$0
ADRIANA SALERNO	VICE PRESIDENT - UNTIL 06/2024	5.00	Officer Director	$0	$0	$0
C ALLEN BUTLER	TREASURER	5.00	Officer Director	$0	$0	$0
VICTOR PIERCEY	CHAIR, CONGRESS - AS OF 07/2024	5.00	Officer Director	$0	$0	$0
EDRAY GOINS CHAIR CONGRESS	UNTIL 06/2024, PAST CHAIR, CONGRESS	5.00	Officer Director	$0	$0	$0
LISA E MARANO	CHAIR, COMMITTEE ON SECTIONS	5.00	Officer Director	$0	$0	$0
RUSSELL E GOODMAN	MEMBER-AT-LARGE - UNTIL 06/2024	5.00	Director	$0	$0	$0
J MICHAEL PEARSON	EXECUTIVE DIRECTOR	40.00	Officer	$280,309	$33,422	$313,731
KIMBERLY RUTLAND-STARKS	CHIEF FINANCIAL OFFICER	40.00	Officer	$170,491	$34,394	$204,885
AUDREY MALAGON	SENIOR DIRECTOR, PROGRAMS	40.00	Highest	$145,749	$42,768	$188,517
LIANE KLUGE	SENIOR DIR., MEMBERSHIP MARKETING	40.00	Highest	$151,588	$47,970	$199,558
CAROL BAXTER	DIRECTOR, PUBLICATIONS	40.00	Highest	$132,824	$35,044	$167,868
JUSTIN CORTEZ	MANAGER, DATA AND ANALYTICS	40.00	Highest	$125,173	$36,265	$161,438
CHERYL ADAMS	DIRECTOR OF MEETINGS AND MEMBER RELATIONS	40.00	Highest	$124,600	$10,571	$135,171

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	$7,984,952	$10,178,840	$37,191,978	$-2,193,888
2023	$8,598,932	$10,048,307	$35,554,444	$-1,449,375
2022	$8,993,258	$9,861,216	$34,060,928	$-867,958
2021	$20,213,904	$8,475,208	$32,437,492	$11,738,696
2020	$7,190,452	$7,945,090	$20,249,950	$-754,638
2019	$9,871,280	$9,919,388	$20,143,929	$-48,108
2018	$11,419,832	$10,019,470	$18,023,488	$1,400,362

MATHEMATICAL ASSOCIATION OF AMERICA INC