Associate Alumnae of Douglass Coll… - 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

1927

Legal Domicile

Principal Officer

VALERIE ANDERSON

Phone

7322461600

Tax Period

2023-07-01 to 2024-06-30

Associate Alumnae of Douglass College, founded in 1927, is a small nonprofit in the Education sector that reported $986K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ASSOCIATE ALUMNAE OF DOUGLASS COLLEGE ("AADC") DEVELOPS AND PROMOTES CONNECTIONS AMONG DOUGLASS ALUMNAE BY PROVIDING PROGRAMS, SERVICES, NETWORKS AND LIFE-LONG LEARNING OPPORTUNITIES (SEE SCHEDULE O FOR DETAILS)

Program Service Accomplishments

Program 1

Expenses: $269,058

The organization devoted resources to administration and stewardship of the Douglass Fund trust.

Program 2

Expenses: $280,073

The organization provided financial support for 80 awards through scholarships, prizes and funding for special opportunities, as well as funds to fill critical needs of the college.

Program 3

Expenses: $138,720

Resources were allocated to providing programs, services, networks, and life-long learning opportunities that represent the interests and needs of our diverse alumnae. The organization also provided administration for public lectures, a career symposium, and the alumnae mentoring program.

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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 (2023)

Revenue Breakdown

Contributions & Grants $509,558

Program Service Revenue $0

Investment Income $476,028

Other Revenue $646

TOTAL REVENUE $986,232

Expense Breakdown

Grants Paid $310,012

Salaries & Benefits $957,506

Fundraising Expenses $163,872

Program Expenses $841,740

Other Expenses $-191,549

TOTAL EXPENSES $1,106,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$986,232	$2,026,540	-0.5%
Expenses	$1,106,690	$1,295,852	-0.1%
Net Income	$-120,458	$730,688	-1.2%

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

700

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

$360,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE ANDERSON	EXECUTIVE DIRECTOR	20.0	Officer	$199,226	$35,022	$234,248
SUSAN WALLACE	VP FOR FINANCE and operations	20.0	Officer	$115,819	$10,839	$126,658
TINA B GORDON	SECRETARY	1.0	Officer Director	$0	$0	$0
KATHI LOVE	TREASURER	1.0	Officer Director	$0	$0	$0
LINDA CALDWELL EPPS	Member	1.0	Director	$0	$0	$0
DEBRA LYNCH	VP FOR ALUMNAE RELATIONS	1.0	Officer Director	$0	$0	$0
JEANNE FOX	PRESIDENT	1.0	Officer Director	$0	$0	$0
LISA DORIO RUCH	VP FOR ADMINISTRATION	1.0	Officer Director	$0	$0	$0
LINDA P CLARK	MEMBER	1.0	Director	$0	$0	$0
IKECIA MAPP	MEMBER	1.0	Director	$0	$0	$0
TIFFANY TOLIVER	MEMBER	1.0	Director	$0	$0	$0
Jessica Bagtas	MEMBER	1.0	Director	$0	$0	$0
Jennie Vila	MEMBER	1.0	Director	$0	$0	$0
Denise Busby	AADC Annual Appeal Chair	1.0	Director	$0	$0	$0
Judy Meyenhofer Musa	VP for Marketing & Comms.	1.0	Officer Director	$0	$0	$0
Mary Zimmerman Chyb	VP for Development	1.0	Officer Director	$0	$0	$0
Lauren Nathan-LaRusso	member	1.0	Director	$0	$0	$0
Dianne Mills McKay	member	1.0	Director	$0	$0	$0
Mallorie Medley	member	1.0	Director	$0	$0	$0
Christine E Sargeant	Member	1.0	Director	$0	$0	$0
Liz Murray	member	1.0	Director	$0	$0	$0
Bertha Aiken	Alumnae Engagement Chair	1.0	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$986,232	$1,106,690	$16,623,374	$-120,458
2023	$2,026,540	$1,295,852	$15,917,689	$730,688
2022	$1,453,841	$1,211,850	$14,461,383	$241,991
2021	$1,662,183	$1,003,298	$16,738,549	$658,885
2020	$1,410,408	$1,272,275	$13,786,560	$138,133
2019	$1,218,497	$1,366,305	$13,822,318	$-147,808

Associate Alumnae of Douglass College