ASSOCIATED COLLEGES OF THE MIDWEST (EIN 362600769) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

LISA JASINSKI

Phone

3122635000

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATED COLLEGES OF THE MIDWEST, founded in 1963, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $427K, a strong 15% operating margin.

Mission

THE ASSOCIATED COLLEGES OF THE MIDWEST (ACM), A CONSORTIUM OF RESIDENTIAL LIBERAL ARTS COLLEGES, ENRICHES RESIDENTIAL LIBERAL ARTS EDUCATION AND STRENGTHENS MEMBERS THROUGH COLLABORATION. THROUGH OUR STRATEGIC INITIATIVES AND PROGRAMS, WE ENCOURAGE EXCELLENCE IN TEACHING AND LEARNING, PROMOTE EQUITY AND INCLUSION AND CELEBRATE INDIVIDUAL AND COLLECTIVE DIVERSITY, STRENGTHEN THE CONNECTION BETWEEN INQUIRY AND PRACTICE, AMPLIFY THE EXPERTISE OF FACULTY, STUDENTS, AND STAFF, AND CULTIVATE AN OPEN ENVIRONMENT FOR INNOVATION AND EXCHANGE.

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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 $1,160,000

Program Service Revenue $597,776

Investment Income $997,205

Other Revenue $0

TOTAL REVENUE $2,754,981

Expense Breakdown

Grants Paid $663,308

Salaries & Benefits $974,678

Fundraising Expenses $0

Program Expenses $1,201,720

Other Expenses $690,378

TOTAL EXPENSES $2,328,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,754,981	$1,664,487	+0.7%
Expenses	$2,328,364	$2,763,337	-0.2%
Net Income	$426,617	$-1,098,850	-1.4%

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

$628,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE RIVERA	CHAIR	4.00	Officer Director	$0	$0	$0
JONATHAN BRAND	PAST CHAIR	4.00	Officer Director	$0	$0	$0
JENIFER WARD	PAST CHAIR - PAST	4.00	Officer Director	$0	$0	$0
ANNE HARRIS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
C ANDREW MCGADNEY	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
ERIC BOYNTON	DIRECTOR	4.00	Director	$0	$0	$0
ALISON BYERLY	DIRECTOR	4.00	Director	$0	$0	$0
DAVID HAYES	DIRECTOR	4.00	Director	$0	$0	$0
MANYA WHITAKER	DIRECTOR	4.00	Director	$0	$0	$0
ROBERT KREBS	DIRECTOR	4.00	Director	$0	$0	$0
LAURIE CARTER	DIRECTOR	4.00	Director	$0	$0	$0
BRAD CHAMBERLAIN	DIRECTOR	4.00	Director	$0	$0	$0
PATRICIA DRAVES	DIRECTOR	4.00	Director	$0	$0	$0
VICTORIA FOLSE	DIRECTOR	4.00	Director	$0	$0	$0
SUSAN RUNDELL SINGER	DIRECTOR	4.00	Director	$0	$0	$0
JILL BAREN	DIRECTOR - PAST	4.00	Director	$0	$0	$0
LISA JASINSKI	PRESIDENT	35.00	Officer	$218,747	$38,519	$257,266
SONYA MALUNDA	PRESIDENT - PAST	35.00	Officer	$36,907	$4,649	$41,556
BRIAN WILLIAMS	VP FOR STRATEGIC INITIATIVES - PAST	35.00	Officer	$147,227	$32,065	$179,292
ELIZABETH HUTULA	COO AND VP FOR ADMINISTRATION	35.00	Officer	$127,155	$22,878	$150,033

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	$2,754,981	$2,328,364	$18,316,408	$426,617
2024	$1,664,487	$2,763,337	$16,798,788	$-1,098,850
2023	$1,678,213	$2,190,807	$16,633,751	$-512,594
2022	$3,292,701	$1,947,971	$16,036,268	$1,344,730
2021	$1,659,572	$2,541,751	$17,994,462	$-882,179

ASSOCIATED COLLEGES OF THE MIDWEST