ASSOCIATION OF INDEPENDENT MD SCHO… - 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

1967

Legal Domicile

Principal Officer

NANCY MUGELE

Phone

4107613700

Tax Period

2024-08-01 to 2025-07-31

ASSOCIATION OF INDEPENDENT MD SCHOOLS, founded in 1967, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $449K, a strong 26% operating margin.

Mission

PROVIDE SUPPORT SERVICES FOR INDEPENDENT ACADEMIC SCHOOLS IN MARYLAND AND DISTRICT OF COLUMBIA CONTINUED ON SCHEDULE O

Program Service Accomplishments

Program 1

Expenses: $1,202,636 Revenue: $1,344,931

PROVIDE STRENGTH AND SUPPORT FOR THE INDEPENDENT ACADEMIC SCHOOLS OF MARYLAND AND THE DISTRICT OF COLUMBIA.

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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 $0

Program Service Revenue $1,344,931

Investment Income $32,859

Other Revenue $363,905

TOTAL REVENUE $1,741,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $858,759

Fundraising Expenses $0

Program Expenses $1,202,636

Other Expenses $434,209

TOTAL EXPENSES $1,292,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,741,695	$1,366,823	+0.3%
Expenses	$1,292,968	$1,379,416	-0.1%
Net Income	$448,727	$-12,593	-36.6%

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

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

$371,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BAILY	EXECUTIVE DIRECTOR	040.00	Officer	$279,451	$25,873	$305,324
CARLA SPAWN-VAN BERKUM	DIRECTOR OF ACCREDITATION SERVICES	040.00	Highest	$157,670	$19,168	$176,838
CLAIRE LEHENY	INTERIM EXECUTIVE DIRECTOR 9/24 - 1/25	040.00	Officer	$66,667	$0	$66,667
NANCY MUGELE	PRESIDENT	001.00	Officer Director	$0	$0	$0
MATTHEW GOULD	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
MARA NICASTRO	TREASURER	001.00	Officer Director	$0	$0	$0
TYE CAMPBELL	SECRETARY	001.00	Officer Director	$0	$0	$0
NEIL MUFSON	TRUSTEE	001.00	Director	$0	$0	$0
ERENI MALFA	TRUSTEE	001.00	Director	$0	$0	$0
JOHN LEWIS	TRUSTEE	001.00	Director	$0	$0	$0
MATTHEW NESPOLE	TRUSTEE	001.00	Director	$0	$0	$0
VICTOR SHIN	TRUSTEE	001.00	Director	$0	$0	$0
JAMES VAN DYKE	TRUSTEE	001.00	Director	$0	$0	$0
CHRIS KIMBERLY	TRUSTEE	001.00	Director	$0	$0	$0
CRYSTAL ALSTON	TRUSTEE	001.00	Director	$0	$0	$0
RENEE KOPLON	TRUSTEE	001.00	Director	$0	$0	$0
LIZ DOVER	TRUSTEE	001.00	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
2025	$1,741,695	$1,292,968	$4,521,392	$448,727
2024	$1,366,823	$1,379,416	$3,819,920	$-12,593
2023	$956,018	$1,236,377	$3,342,362	$-280,359
2022	$1,024,448	$1,131,562	$3,462,373	$-107,114
2021	$1,116,846	$986,603	$3,690,630	$130,243
2020	$868,182	$1,128,806	$3,211,921	$-260,624
2019	$1,207,051	$1,036,467	$3,282,136	$170,584

ASSOCIATION OF INDEPENDENT MD SCHOOLS