Associated Colleges of Illinois Inc

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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

1952

Legal Domicile

Principal Officer

April Arnold

Phone

3122632391

Tax Period

2023-06-01 to 2024-05-31

Associated Colleges of Illinois Inc, founded in 1952, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $220K, a strong 15% operating margin.

Mission

Associated Colleges of Illinois has supported numerous independent colleges and universities with a liberal arts tradition in Illinois for more than 70 years benefitting thousands of underrepresented students through scholarships, emergency financial aid, mentoring, and other forms of college to career support.

Program Service Accomplishments

Program 1

Expenses: $616,327 Revenue: $677,112

Grants and services to member colleges and universities

Program 2

Expenses: $200,544

Peer Mentoring

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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 $709,011

Program Service Revenue $591,404

Investment Income $25,735

Other Revenue $130,252

TOTAL REVENUE $1,456,402

Expense Breakdown

Grants Paid $562,324

Salaries & Benefits $339,784

Fundraising Expenses $216,635

Program Expenses $816,871

Other Expenses $334,434

TOTAL EXPENSES $1,236,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,456,402	$1,264,360	+0.2%
Expenses	$1,236,542	$1,255,571	0.0%
Net Income	$219,860	$8,789	+24.0%

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

$119,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Georgia Nugent	President	1.00	Officer Director	$0	$0	$0
Lyn Bullman	Chair	1.00	Officer Director	$0	$0	$0
Angela T Allen	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Aaron J Kuecker	Trustee	1.00	Director	$0	$0	$0
Andrea Talentino	Trustee	1.00	Director	$0	$0	$0
Arvid Johnson	Trustee	1.00	Director	$0	$0	$0
Barbara Farley	Trustee	1.00	Director	$0	$0	$0
Becky Sherrick	Trustee	1.00	Director	$0	$0	$0
Bob DiMeo	Trustee	1.00	Director	$0	$0	$0
Bob Dow	Trustee	1.00	Director	$0	$0	$0
Brad Summers	Trustee	1.00	Director	$0	$0	$0
Brian McGee	Trustee	1.00	Director	$0	$0	$0
Brian Powers	Trustee	1.00	Director	$0	$0	$0
C Andrew McGadney	Trustee	1.00	Director	$0	$0	$0
Chris Miceika	Trustee	1.00	Director	$0	$0	$0
Clarence Wyatt	Trustee	1.00	Director	$0	$0	$0
Daniel Dobbins	Trustee	1.00	Director	$0	$0	$0
Dave Livingston	Trustee	1.00	Director	$0	$0	$0
Don Campbell Deceased	Trustee	1.00	Director	$0	$0	$0
Ellen Babbitt	Trustee	1.00	Director	$0	$0	$0
Emily Bothfeld	Trustee	1.00	Director	$0	$0	$0
Gene C Crume	Trustee	1.00	Director	$0	$0	$0
Glena Temple	Trustee	1.00	Director	$0	$0	$0
Gregg Chenoweth	Trustee	1.00	Director	$0	$0	$0
Jamel SC Wright	Trustee	1.00	Director	$0	$0	$0
Jim Applegate	Trustee	1.00	Director	$0	$0	$0
Jim Reynolds	Trustee	1.00	Director	$0	$0	$0
Kassie Olea	Trustee	1.00	Director	$0	$0	$0
Kim Marshall	Trustee	1.00	Director	$0	$0	$0
Leah Wallace	Trustee	1.00	Director	$0	$0	$0
Leslie Sawyer	Trustee	1.00	Director	$0	$0	$0
Liz Cook	Trustee	1.00	Director	$0	$0	$0
Mary Surridge	Trustee	1.00	Director	$0	$0	$0
Nic Simpson	Trustee	1.00	Director	$0	$0	$0
Nicole Johnson	Trustee	1.00	Director	$0	$0	$0
Patricia Mota	Trustee	1.00	Director	$0	$0	$0
Pawel Szeliski	Trustee	1.00	Director	$0	$0	$0
Phil G Ryken	Trustee	1.00	Director	$0	$0	$0
Ray Krouse	Trustee	1.00	Director	$0	$0	$0
Ruben Abarca	Trustee	1.00	Director	$0	$0	$0
Tony LoBello	Trustee	1.00	Director	$0	$0	$0
Toya Garcia-Bradow	Trustee	1.00	Director	$0	$0	$0
Troy VanAken	Trustee	1.00	Director	$0	$0	$0
Susana Rivera-Mills	Trustee	1.00	Director	$0	$0	$0
Joseph Foy	Trustee	1.00	Director	$0	$0	$0
Greg Meyer	Trustee	1.00	Director	$0	$0	$0
Anita Thomas	Trustee	1.00	Director	$0	$0	$0
Daniel Norton	Trustee	1.00	Director	$0	$0	$0
Patricia Lynott	Trustee	1.00	Director	$0	$0	$0
Debbie Osgood	Trustee	1.00	Director	$0	$0	$0
April Arnold	Executive Director	50.00	Officer	$115,333	$4,000	$119,333

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	$1,456,402	$1,236,542	$1,421,439	$219,860
2023	$1,264,360	$1,255,571	$985,907	$8,789
2022	$1,309,810	$1,386,140	$1,061,635	$-76,330
2021	$1,339,594	$1,436,637	$1,379,579	$-97,043
2020	$1,454,853	$1,468,389	$1,728,414	$-13,536
2019	$1,240,842	$1,447,266	$1,389,146	$-206,424