STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION

EIN: 237167258 501(c)(3)

BOULDER, CO

Total Revenue
$6,787,871
Total Expenses
$6,511,547
Total Assets
$9,860,766
Net Assets
$4,373,011
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CO
Phone
3035411600
Tax Period
2023-10-01 to 2024-09-30

STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION, founded in 1981, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 4% surplus.

Mission

THE STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION (SHEEO) IS A NATIONAL NONPROFIT ORGANIZATION FORMED IN 1954 and incorporated in 1981 TO ASSIST STATE HIGHER EDUCATION EXECUTIVES AND THE STATES AS THEY SEEK TO DEVELOP AND SUSTAIN EXCELLENT SYSTEMS OF HIGHER EDUCATION. SHEEO FULFILLS ITS MISSION BY SPONSORING NATIONAL CONVENINGS, INCLUDING AN ANNUAL MEETING, PRODUCING PUBLICATIONS, AND PERFORMING GRANT AND PROJECT ACTIVITIES. REGULAR MEMBERSHIP IS OPEN TO THE EXECUTIVE OFFICERS OF STATEWIDE BOARDS OF POST-SECONDARY EDUCATION. SHEEO IS SUPPORTED PRIMARILY THROUGH FEDERAL STATE DUES AND PRIVATE FOUNDATION GRANTS.

Program Service Accomplishments

Program 1
Expenses: $4,125,462

GRANTS AND CONTRACTS: SHEEO RECEIVES FUNDS FROM GRANTING AGENCIES TO PERFORM DESCRIBED WORK IN HIGHER EDUCATION POLICY. DURING THE FISCAL YEAR ENDING SEPTEMBER30, 2024, SHEEO RECEIVED GRANTS FROM...

Read more

GRANTS AND CONTRACTS: SHEEO RECEIVES FUNDS FROM GRANTING AGENCIES TO PERFORM DESCRIBED WORK IN HIGHER EDUCATION POLICY. DURING THE FISCAL YEAR ENDING SEPTEMBER30, 2024, SHEEO RECEIVED GRANTS FROM LUMINA FOUNDATION IN SUPPORT OF STATEAUTHORIZATION AND MENTAL HEALTH INITIATIVES. SHEEO RECEIVED FUNDING FROM THE BILL & MELINDA GATES FOUNDATION FOR CREATING AWARENESS OF LONGITUDINAL DATA, TO CREATE DATACOMMUNITIES OF PRACTICE, AND TO INCREASE THE CAPACITY OF SHEEOS WORK WITH STATES.ARNOLD FOUNDATION PROVIDED A GRANT FOR WORK RELATED TO STATE AUTHORIZATION. ECMC FOUNDATION PROVIDED ADDITIONAL FUNDING FOR A NONCREDIT MOBILITY PROJECT.

Program 2
Expenses: $781,456

PROJECT ACTIVITY: PLANNED AND AD HOC RESEARCH ON HIGHER EDUCATION POLICY TO SUPPORT SHEEO MEMEBERS' ACTIVITIES IN THE STATES. THIS INCLUDES TRAVEL EXPENSES TO ATTEND NATIONAL MEETINGS AND SALARIES TO...

Read more

PROJECT ACTIVITY: PLANNED AND AD HOC RESEARCH ON HIGHER EDUCATION POLICY TO SUPPORT SHEEO MEMEBERS' ACTIVITIES IN THE STATES. THIS INCLUDES TRAVEL EXPENSES TO ATTEND NATIONAL MEETINGS AND SALARIES TO SHEEO STAFF MEMBERS WORKING ON HIGHER EDUCATION POLICY.

Program 3
Expenses: $732,047

CONFERENCES - SHEEO PRESENTS ANNUAL CONFERENCES FOR SHEEO MEMBERS AND OTHER STATE AND NATIONAL LEADERS OF HIGHER EDUCATION POLICY:1) SHEEO ANNUAL MEETING, TAILORED ESPECIALLY FOR THE CEO'S OF HIGHER...

Read more

CONFERENCES - SHEEO PRESENTS ANNUAL CONFERENCES FOR SHEEO MEMBERS AND OTHER STATE AND NATIONAL LEADERS OF HIGHER EDUCATION POLICY:1) SHEEO ANNUAL MEETING, TAILORED ESPECIALLY FOR THE CEO'S OF HIGHER EDUCATION IN THE STATES2) SHEEO HIGHER EDUCATION POLICY CONFERENCE, A POLICY AND PROFESSIONAL DEVELOPMENT CONFERENCE BRINGING TOGETHER OVER 350 STATE EXECUTIVE OFFICERS, ACADEMIC OFFICERS, FINANCE OFFICERS, GOVERNMENT RELATIONS/COMMUNICATIONS OFFICERS, CHIEF INFORMATION OFFICERS, AND OTHERS WORKING IN HIGHER EDUCATION POLICY POSITIONS. And creation of the State Higher Education Finance annual survey and report.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,817,292
Program Service Revenue $694,911
Investment Income $269,232
Other Revenue $6,436
TOTAL REVENUE $6,787,871

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,916,869
Fundraising Expenses $0
Program Expenses $5,638,965
Other Expenses $3,594,678
TOTAL EXPENSES $6,511,547

Year-over-Year Comparison

2023 2022 Change
Revenue $6,787,871 $5,380,633 +0.3%
Expenses $6,511,547 $5,288,171 +0.2%
Net Income $276,324 $92,462 +2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
20
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
7
$816,321
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ANDERSON President 40.00
Officer
$337,606 $35,949 $373,555
CHRISTINA E WHITFIELD SENIOR VP 40.00
Officer
$242,637 $36,378 $279,015
JOHN LANE VP ACADEMIC AFFAIR 40.00
$171,599 $11,724 $183,323
THOMAS HARNISCH VP GOVT RELATIONS 40.00
$166,878 $9,036 $175,914
DAVID SZCZESNY DIR OF FINANCE 40.00
Officer
$125,487 $38,264 $163,751
DUSTIN WEEDEN ASSOC VP 40.00
$130,600 $23,124 $153,724
CARRIE KLEIN ASSOC VP 40.00
$130,600 $2,654 $133,254
JESSICA DUREN Stragetic Comm Dir 40.00
$123,180 $8,603 $131,783
BRIAN BRIDGES MEMBER 1.00
Director
$0 $0 $0
CLAYTON T CHRISTIAN CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
BEN CANNON PAST CHAIR 1.00
Officer Director
$0 $0 $0
HARRISON KELLER MEMBER 1.00
Director
$0 $0 $0
GINGER OSTRO Treasurer 1.00
Officer Director
$0 $0 $0
AARON THOMPSON MEMBER 1.00
Director
$0 $0 $0
DENNIS OLSON MEMBER 1.00
Director
$0 $0 $0
NOE ORTEGA MEMBER 1.00
Director
$0 $0 $0
SARAH TUCKER CHAIR 1.00
Officer Director
$0 $0 $0
SHANNON GILKEY MEMBER 1.00
Director
$0 $0 $0
CHRIS LOWERY MEMBER 1.00
Director
$0 $0 $0
ALLISON GARRETT MEMBER 1.00
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 No data No data No data No data
2024 $6,787,871 $6,511,547 $9,860,766 $276,324
2023 $5,380,633 $5,288,171 $9,623,536 $92,462
2022 $6,368,436 $6,030,647 $7,000,257 $337,789
2021 $4,340,869 $4,450,574 $7,606,224 $-109,705
2020 $5,353,198 $5,022,891 $6,779,683 $330,307
2019 $4,665,792 $4,280,760 $6,075,026 $385,032
2018 $4,438,496 $4,175,596 $4,502,004 $262,900
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION with other nonprofits in Colorado and across the country.