INDEPENDENT SCHOOLS ASSOCIATION OF THE SOUTHWEST

EIN: 237102696 501(c)(3) Education

DALLAS, TX

Total Revenue
$1,543,622
Total Expenses
$1,481,934
Total Assets
$2,082,341
Net Assets
$1,946,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
TX
Principal Officer
SCOTT GRIGGS
Phone
4326849550
Tax Period
2024-07-01 to 2025-06-30

INDEPENDENT SCHOOLS ASSOCIATION OF THE SOUTHWEST, founded in 1955, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 4% surplus.

Mission

INDEPENDENT SCHOOLS ASSOCIATION OF THE SOUTHWEST (ISAS) IS A NON-PROFIT VOLUNTARY MEMBERSHIP ASSOCIATION, FOUNDED IN 1955, OF INDEPENDENT SCHOOLS LOCATED IN ARIZONA, KANSAS, LOUSIANA, NEW MEXICO, OKLAHOMA, AND TEXAS. ISAS PROMOTES THE HIGHEST PROFESSIONAL AND ETHICAL STANDARDS OF EDUCATIONAL EXCELLENCE FOR INDEPENDENT SCHOOLS IN THE REGION AND RECOGNIZES BY FORMAL ONGOING ACCREDITATION THOSE SCHOOLS WHICH DEMONSTRATE ADHERENCE TO ITS STANDARDS AS A COLLECTIVE VOICE OF THE INDEPENDENT SCHOOLS OF THE SOUTHWEST. ISAS FOSTERS COLLEGIAL RELATIONS AMONG ITS MEMBER SCHOOLS AND REPRESENTS THEIR INTERESTS. ISAS REGULARLY REPORTS ON THE EVALUATION OF MEMBER SCHOOLS AND ON THE ACCREDITATION PROCESS TO STATE COMMISSIONS WHICH HAVE BEEN DELEGATED RESPONSIBILITY FOR INDEPENDENT SCHOOL ACCREDITATION BY STATE EDUCATION DEPARTMENTS OR LEGISLATURES. ISAS IS A MEMBER IN GOOD STANDING OF THE INTERNATIONAL COUNCIL ADVANCING INDEPENDENT SCHOOL ACCREDITATION AND HAS VOLUNTARILY AGREED TO ABIDE BY CRITERIA FOR A GOOD PRACTICE AND TO SUBMIT TO ONGOING EVALUATION OF ITS ACCREDITATION PROCEDURES BY THE COUNCIL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,483,181
Investment Income $60,441
Other Revenue $0
TOTAL REVENUE $1,543,622

Expense Breakdown

Grants Paid $0
Salaries & Benefits $824,811
Fundraising Expenses $0
Program Expenses $1,048,681
Other Expenses $657,123
TOTAL EXPENSES $1,481,934

Year-over-Year Comparison

2024 2023 Change
Revenue $1,543,622 $1,493,913 +0.0%
Expenses $1,481,934 $1,321,835 +0.1%
Net Income $61,688 $172,078 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
180

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
6
$375,976
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK CARLETON DIRECTOR 1.00
Director
$0 $0 $0
KIM FIELD-MARVIN DIRECTOR 1.00
Director
$0 $0 $0
SAM FRAGOMENI DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER GUNNIN PRESIDENT 1.00
Officer Director
$0 $0 $0
CATHY HUBBARD SECRETARY 1.00
Officer Director
$0 $0 $0
MAURA JOYCE DIRECTOR 1.00
Director
$0 $0 $0
SUNNY HUCKABY DIRECTOR 1.00
Director
$0 $0 $0
AARON FETROW DIRECTOR 1.00
Director
$0 $0 $0
JULIE MCLEOD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NATHAN SHELDON TREASURER 1.00
Officer Director
$0 $0 $0
EMMA WHITMAN DIRECTOR 1.00
Director
$0 $0 $0
SCOTT GRIGGS EXECUTIVE DIRECTOR 40.00
Officer
$318,124 $39,402 $357,526
KATIE LETO FINANCE DIRECTOR 4.00
Officer
$18,450 $0 $18,450
ADAM VALENSTEIN ACCREDITATION DIRECTOR 40.00
Highest
$107,304 $19,909 $127,213
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 $1,543,622 $1,481,934 $2,082,341 $61,688
2024 $1,493,913 $1,321,835 $2,560,684 $172,078
2023 $1,355,286 $1,339,018 $2,233,911 $16,268
2022 $1,293,764 $1,209,236 $2,338,016 $84,528
2021 $912,486 $836,638 $2,207,078 $75,848
2020 $1,090,982 $1,027,770 $2,031,321 $63,212
2019 $1,186,302 $1,103,894 $2,085,336 $82,408
2018 $1,148,486 $1,072,127 $1,921,854 $76,359
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