The American College

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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

George Nichols III

Phone

6105261000

Tax Period

2023-01-01 to 2023-12-31

The American College, founded in 1927, is a mid-sized nonprofit in the Education sector that reported $36.4M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $46.6M exceeded revenue, resulting in a 28% operating deficit.

Mission

The mission of The American College of Financial Services is to provide applied financial knowledge and education, promote life-long learning, and advocate for ethical standards for the benefit of society.

Program Service Accomplishments

Program 1

Expenses: $24,725,959 Revenue: $20,717,713

The Huebner School administers the curriculum leading to the CLU, ChFC, RICP, ChLF, ChSNC, and WMCP professional designations. It also provides the educational content needed to obtain the CFP...

The Huebner School administers the curriculum leading to the CLU, ChFC, RICP, ChLF, ChSNC, and WMCP professional designations. It also provides the educational content needed to obtain the CFP professional designation. There are approximately 15,500 students enrolled in these programs.

Program 2

Expenses: $3,964,905 Revenue: $3,322,167

The Irwin Graduate School administers the curriculum leading to the Master of Science in Management, the Master of Science in Financial Planning, and the Chartered Advisor in Philanthropy...

The Irwin Graduate School administers the curriculum leading to the Master of Science in Management, the Master of Science in Financial Planning, and the Chartered Advisor in Philanthropy designation. There are approximately 960 students enrolled in these programs.

Program 3

Expenses: $971,178 Revenue: $813,744

The Financial Services Certified Professional Program administers the curriculum leading to the FSCP professional designation. There are approximately 1,250 students enrolled in this 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 $4,241,123

Program Service Revenue $29,390,270

Investment Income $1,330,028

Other Revenue $1,471,012

TOTAL REVENUE $36,432,433

Expense Breakdown

Grants Paid $2,069,228

Salaries & Benefits $28,941,137

Fundraising Expenses $2,303,292

Program Expenses $35,004,788

Other Expenses $15,581,743

TOTAL EXPENSES $46,592,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,432,433	$42,764,536	-0.1%
Expenses	$46,592,108	$46,373,591	+0.0%
Net Income	$-10,159,675	$-3,609,055	+1.8%

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

238

Volunteers

100

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

$2,274,755

Total Directors

$1,332,542

Key Employees

$2,533,158

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Nichols	President & CEO	40.00	Officer Director	$1,200,206	$17,336	$1,217,542
Todd Schoon	EVP & Senior Advisor to the President	40.00	Officer Director	$115,000	$0	$115,000
Joe Bergan	Trustee	1.00	Director	$0	$0	$0
Scott Berlin	Trustee	1.00	Director	$0	$0	$0
Wallace Boston	Trustee	1.00	Director	$0	$0	$0
Brandon Carter	Trustee	1.00	Director	$0	$0	$0
George Connolly	Trustee	1.00	Director	$0	$0	$0
Susan Cooper	Trustee	1.00	Director	$0	$0	$0
Scott Davison	Trustee	1.00	Director	$0	$0	$0
Edward Deutschlander	Trustee	1.00	Director	$0	$0	$0
Matt Foran	Trustee	1.00	Director	$0	$0	$0
Timothy Gerend	Trustee	1.00	Director	$0	$0	$0
Salene Hitchcock-Gear	Trustee	1.00	Officer Director	$0	$0	$0
John Howard	Trustee	1.00	Officer Director	$0	$0	$0
Michael James	Trustee	1.00	Director	$0	$0	$0
Michelle Johnson	Trustee	1.00	Director	$0	$0	$0
Fred Jonske	Trustee	1.00	Director	$0	$0	$0
Cheri Lytle	Trustee	1.00	Director	$0	$0	$0
Brad Montgomery	Trustee	1.00	Director	$0	$0	$0
Ellen Rinaldi	Trustee	1.00	Director	$0	$0	$0
Kristi Rodriguez	Trustee	1.00	Director	$0	$0	$0
Michael Rosenzweig	Trustee	1.00	Director	$0	$0	$0
Frederick Sievert	Trustee	1.00	Director	$0	$0	$0
Mark Montgomery	Chief Financial & Risk Officer	40.00	Officer	$335,548	$47,453	$383,001
Gwendolyn Hall	EVP & Provost	40.00	Officer	$534,035	$25,177	$559,212
Deborah Glenn	VP - Administration and CHRO	40.00	Key Emp	$347,496	$21,272	$368,768
Edward McEvoy	SVP & Chief Information Officer	40.00	Key Emp	$355,788	$23,876	$379,664
Jared Trexler	SVP - Chief Marketing and Strategy Officer	40.00	Key Emp	$328,176	$15,402	$343,578
David Stoeffel	SVP - Business Development	40.00	Key Emp	$510,626	$20,359	$530,985
Kirk Trasborg term 6523	SVP - Chief Strat & Oper Officer	40.00	Key Emp	$290,488	$10,970	$301,458
Grady Batchelor	SVP - Institute for Learning Innovation	40.00	Key Emp	$303,496	$13,233	$316,729
Stephen Grourke	SVP - Advancement and Alumni Relations	40.00	Key Emp	$277,779	$14,197	$291,976
Michael Finke	Professor & Engle Chairholder	40.00	Highest	$265,321	$19,969	$285,290
James Roy	Exec. Dir. - Center for Military	40.00	Highest	$267,890	$12,400	$280,290
Hilary Fiorella	Exec. Dir. - State Farm Cntr for Women	40.00	Highest	$268,293	$26,764	$295,057
Karim Hill	Exec. Dir. - Cntr for Econ. Empowerment	40.00	Highest	$211,717	$12,644	$224,361
Azish Filabi	Exec. Dir. - Maguire Cntr for Ethics	40.00	Highest	$230,805	$27,327	$258,132

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	$36,432,433	$46,592,108	$89,365,690	$-10,159,675
2022	$42,764,536	$46,373,591	$95,423,850	$-3,609,055
2021	$39,801,880	$41,877,523	$101,126,239	$-2,075,643
2020	$32,899,463	$37,941,517	$102,688,115	$-5,042,054
2019	$29,162,563	$36,448,840	$64,656,917	$-7,286,277
2018	$25,877,792	$39,183,853	$57,353,215	$-13,306,061
2017	$28,752,308	$39,452,494	$69,579,845	$-10,700,186