ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES OF OHIO

EIN: 310746875

COLUMBUS, OH

Total Revenue
$1,617,020
Total Expenses
$1,454,484
Total Assets
$1,246,143
Net Assets
$1,245,575
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
OH
Principal Officer
C TODD JONES
Phone
6142282196
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES OF OHIO, founded in 1969, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 10% surplus.

Mission

IT SHALL BE THE PURPOSE OF THIS ORGANIZATION TO SPEAK IN THE NAME OF THE MEMBERS IN MATTERS AS THEY SERVE AND PROMOTE THE PURPOSES OF THE TOTAL OHIO HIGHER EDUCATION SYSTEM AND ACCEPT RESPONSIBILITY FOR THEIR SHARE OF THE EDUCATIONAL FUNCTION. IT SHALL FURTHER BE THE PURPOSE OF THIS ORGANIZATION TO PROMOTE AND ADVANCE THE INTERESTS OF THE OHIO SYSTEM OF HIGHER EDUCATION, WITH SPECIAL CONCERN FOR THE DUAL NATURE OF THE SYSTEM, ITS QUALITY, FREEDOM AND RESPONSIBILITY TO SERVE THE EDUCATIONAL AND CULTRUAL NEEDS OF THE STATE, NATION AND WORLD. IT SHALL FURTHER BE THE PURPOSE OF THIS ORGANIZATION TO ASSIST IN COOPERATIVE ENDEAVORS WITH STATE ASSISTED INSTITUTIONS AND AGENCIES IN PERFORMING THE EDUCATIONAL TASKS AND MEETING THE EDUCATIONAL NEEDS OF OHIO. IT SHALL FURTHER BE THE PURPOSE OF THIS ORGANIZATION TO REPRESENT THE INTERESTS AND TO PROTECT AND PROMOTE THE GENERAL WELFARE OF THE MEMBERS LOCATED IN THE STATE OF OHIO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,487,553
Investment Income $22,078
Other Revenue $107,389
TOTAL REVENUE $1,617,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,104,432
Fundraising Expenses $0
Other Expenses $350,052
TOTAL EXPENSES $1,454,484

Year-over-Year Comparison

2023 2022 Change
Revenue $1,617,020 $1,489,091 +0.1%
Expenses $1,454,484 $1,306,968 +0.1%
Net Income $162,536 $182,123 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
51
Independent Members
N/A
Employees
7
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
1
$440,320
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ERIC SPINA CHAIR 2.00
Director
$0 $0 $0
JOHN COMERFORD TREASURER 2.00
Director
$0 $0 $0
DR LILLIAN SCHUMACHER VICE CHAIR 2.00
Director
$0 $0 $0
DR KATHERINE FELL IMMEDIATE PAST CHAIR 2.00
Director
$0 $0 $0
SISTER CHRISTINE DE VINNE SECRETARY 2.00
Director
$0 $0 $0
NANCY RECCHIE TRUSTEE MEMBER 2.00
Director
$0 $0 $0
RICK CARFAGNA TRUSTEE MEMBER 2.00
Director
$0 $0 $0
GREG KING PRESIDENT MEMBER 2.00
Director
$0 $0 $0
JEAN PADDOCK PRESIDENT MEMBER 2.00
Director
$0 $0 $0
C TODD JONES PRESIDENT 40.00
Officer
$360,930 $79,390 $440,320
EMILY TULLY EMPLOYEE 40.00
Highest
$182,000 $23,542 $205,542
MANILATH JAMES EMPLOYEE 40.00
Highest
$123,000 $25,623 $148,623
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
2024 No data No data No data No data
2023 $1,617,020 $1,454,484 $1,246,143 $162,536
2022 $1,489,091 $1,306,968 $1,103,835 $182,123
2021 $1,335,070 $1,171,676 $922,126 $163,394
2020 $1,393,924 $1,189,281 $755,734 $204,643
2019 $1,284,961 $1,210,719 $554,989 $74,242
2018 $1,151,412 $1,123,916 $495,240 $27,496
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