ASSOCIATION FOR CORE TEXTS &COURSES (EIN 232818922) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

CHARLOTTE THOMAS

Phone

9727215795

Tax Period

2021-07-01 to 2022-06-30

ASSOCIATION FOR CORE TEXTS &COURSES, founded in 1996, is a small nonprofit in the Education sector that reported $237K in total revenue in fiscal year 2021. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 30% operating margin.

Mission

THE ASSOCIATION FOR CORE TEXTS AND COURSES BRINGS TOGETHER COLLEGES AND UNIVERSITIES THAT PROMOTE THE INTEGRATED AND COMMON STUDY OF WORLD CLASSICS AND OTHER TEXTS OF MAJOR CULTURAL SIGNIFICANCE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $130,210

Program Service Revenue $107,203

Investment Income $8

Other Revenue $0

TOTAL REVENUE $237,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,394

Fundraising Expenses $0

Program Expenses $139,289

Other Expenses $74,936

TOTAL EXPENSES $165,330

Year-over-Year Comparison

	2021	2020	Change
Revenue	$237,421	$82,493	+1.9%
Expenses	$165,330	$112,838	+0.5%
Net Income	$72,091	$-30,345	-3.4%

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

N/A

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

$68,802

Total Directors

$68,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA PARENS	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHARLOTTE THOMAS	EXECUTIVE DI	20.00	Officer Director	$68,802	$0	$68,802
RICHARD KAMBER	DIRECTOR	2.00	Director	$0	$0	$0
DAN CULLEN	DIRECTOR	2.00	Director	$0	$0	$0
PAGE LAWS	DIRECTOR	2.00	Director	$0	$0	$0
EMMA COHEN DE LARA	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY B MCGRATH	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH KNIPPENBERG	DIRECTOR	2.00	Director	$0	$0	$0
ROOSEVELT MONTAS	DIRECTOR	2.00	Director	$0	$0	$0
JASON WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
PHIL LECUYER	DIRECTOR	2.00	Director	$0	$0	$0
JOSE MARIA TORRALBA	DIRECTOR	2.00	Director	$0	$0	$0
TUAN HOANG	DIRECTOR	2.00	Director	$0	$0	$0
NEIL ROBERTSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL DURAN	DIRECTOR	2.00	Director	$0	$0	$0
THEODORE HADZI-ANTIOCH JR	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS LEE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KROM	DIRECTOR	2.00	Director	$0	$0	$0
KERRI TOM	DIRECTOR	2.00	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
2022	$237,421	$165,330	$118,823	$72,091
2020	$67,814	$217,011	$130,010	$-149,197
2019	$250,710	$254,401	$279,207	$-3,691
2018	$201,125	$201,049	$282,898	$76

ASSOCIATION FOR CORE TEXTS &COURSES