CENTER FOR ADVANCED STUDIES IN BUS… - 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

1974

Legal Domicile

Principal Officer

BLAINE RENFERT

Phone

6084417339

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR ADVANCED STUDIES IN BUSINESS INC, founded in 1974, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2024.

Mission

A. TO STIMULATE THE CONTINUAL PROCESS OF PROFESSIONAL EDUCATION IN BUSINESS AND ADMINISTRATION AT THE WISCONSIN SCHOOL OF BUSINESS AND OTHER ACADEMIC UNITS AT THE UNIVERSITY OF WISCONSIN-MADISON (UNIVERSITY) IN THE STUDENT, ALUMNUS AND THE PRACTITIONER PHASES. B. TO PROMOTE THE EXCHANGE OF IDEAS BETWEEN THE STUDENT BODY, ALUMNI AND FACULTY OF THE WISCONSIN SCHOOL OF BUSINESS, OTHER ACADEMIC UNITS AT THE UNIVERSITY AND INTERESTED EXECUTIVES AND ADMINISTRATORS. C. TO ADVANCE THE SCHOOL OF BUSINESS AND OTHER ACADEMIC UNITS AT THE UNIVERSITY BY DISSEMINATING INFORMATION CONCERNING STUDENT, ALUMNI, FACULTY AND ADMINISTRATIVE ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $3,453,753 Revenue: $7,096,022

CONTINUING EDUCATION PROGRAMS: FULL IMMERSION EDUCATIONAL PROGRAMS (P.L.R. #98-24048). CASB CUSTOM PROGRAM OFFERINGS EXTEND TO ALL FUNCTIONAL AREAS AND LEVELS WITHIN AN ORGANIZATION. CONSULTING IS...

CONTINUING EDUCATION PROGRAMS: FULL IMMERSION EDUCATIONAL PROGRAMS (P.L.R. #98-24048). CASB CUSTOM PROGRAM OFFERINGS EXTEND TO ALL FUNCTIONAL AREAS AND LEVELS WITHIN AN ORGANIZATION. CONSULTING IS OFFERED BOTH ADJACENT TO THE PROGRAMMATIC OFFER AS WELL AS MORE GENERALLY WITHIN TOPICS RELATED TO HUMAN CAPITAL. CASB RUNS A PORTFOLIO OF OPEN-ENROLLMENT COURSES ON VARIOUS BUSINESS RELATED TOPICS. CASB OPERATES THE FAMILY BUSINESS CENTER, A MEMBERSHIP BASED ORGANIZATION WITH PROFESSIONAL EDUCATION GEARED TO CLOSELY HELD BUSINESS.

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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 $7,650,736

Investment Income $94,030

Other Revenue $784

TOTAL REVENUE $7,745,550

Expense Breakdown

Grants Paid $27,000

Salaries & Benefits $3,523,699

Fundraising Expenses $0

Program Expenses $3,453,753

Other Expenses $4,292,083

TOTAL EXPENSES $7,842,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,745,550	$7,709,668	+0.0%
Expenses	$7,842,782	$8,182,692	0.0%
Net Income	$-97,232	$-473,024	-0.8%

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

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

$477,015

Total Directors

$332,751

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON KAUPLA	EXECUTIVE DIRECTOR (CASB)	40.00	Officer Director	$216,393	$92,408	$308,801
BLAINE RENFERT	CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS TIGLAS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID GAY	DIRECTOR, FINANCE/AUDIT COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DAVID RAUEN	DIRECTOR, COMP / GOV COMMITTEE CHAIR	1.00	Director	$0	$0	$0
GREG DECROIX	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY DIX	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	1.00	Director	$7,500	$0	$7,500
KARI LAURITSEN	DIRECTOR	1.00	Director	$0	$0	$0
TANZY LAWHORN	DIRECTOR	1.00	Director	$0	$0	$0
VALLABH SAMBAMURTHY	DIRECTOR, DEAN WSB	1.00	Director	$16,450	$0	$16,450
PATRICK SCHEIBEL	DIRECTOR	1.00	Director	$0	$0	$0
GINO RICCHIO	DIRECTOR OF FINANCE (CASB), SECRETARY	40.00	Officer	$150,360	$17,854	$168,214
KATE SCHLESINGER	SOLUTION ADVISOR	40.00	Highest	$229,343	$33,573	$262,916
KAT SHANAHAN	VP, MARKETING AND BUSINESS ENGAGEMENT	40.00	Highest	$146,398	$42,346	$188,744
MARK SEIFERT	SOLUTION ADVISOR	40.00	Highest	$198,874	$75,488	$274,362
TRINITY KORTH	SOLUTION ADVISOR	40.00	Highest	$157,367	$53,883	$211,250
JEREMIAH DEGOLLON	SOLUTION ADVISOR	40.00	Highest	$191,615	$46,089	$237,704

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	$7,745,550	$7,842,782	$3,844,747	$-97,232
2024	$7,709,668	$8,182,692	$4,040,312	$-473,024
2023	$8,417,540	$7,844,758	$5,011,441	$572,782
2022	$13,460,899	$9,902,015	$4,715,130	$3,558,884
2021	$6,530,338	$7,857,873	$9,461,883	$-1,327,535
2020	$9,641,150	$12,446,607	$11,721,255	$-2,805,457
2019	$14,053,059	$13,789,646	$14,657,128	$263,413
2018	$13,333,264	$13,833,572	$15,287,124	$-500,308

CENTER FOR ADVANCED STUDIES IN BUSINESS INC