ASSOCIATION OF INDEPENDENT COLLEGE… - 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

1969

Legal Domicile

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

TO REPRESENT THE INTEREST OF ITS MEMBERS TO OHIO'S LAWMAKERS, REGULATORS AND CITIZENS. TO STRENGTHEN STUDENT FINANCIAL AID PROGRAMS AND BRING ABOUT A GREATER UNDERSTANDING OF THE IMPACT AND CONTRIBUTIONS OF OHIO INDEPENDENT COLLEGES AND UNIVERSITIES. TO PROMOTE THE WELL BEING OF OHIO HIGHER EDUCATION AS A WHOLE, WITH SPECIAL REGARD FOR THE DUAL PRIVATE/PUBLIC NATURE OF THE RESPONSIBILITY TO SERVE THE EDUCATIONAL, SOCIAL AND CULTURAL NEEDS OF THE STATE OF THE NATION.

Program Service Accomplishments

Program 1

Revenue: $14,421

SPECIAL EVENT - SEMINARS

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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 (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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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

N/A

Employees

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

$440,320

Total Directors

Key Employees

Highest Compensated

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

ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES OF OHIO