WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC (EIN 391039417) - 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

1962

Legal Domicile

Principal Officer

ERIC FULCOMER

Phone

6082567761

Tax Period

2023-07-01 to 2024-06-30

WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC, founded in 1962, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $4.2M left a modest 14% surplus.

Mission

PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES.

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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 $777,939

Program Service Revenue $2,963,299

Investment Income $1,109,907

Other Revenue $3,869

TOTAL REVENUE $4,855,014

Expense Breakdown

Grants Paid $1,016,821

Salaries & Benefits $1,800,731

Fundraising Expenses $76,977

Program Expenses $3,417,477

Other Expenses $1,335,937

TOTAL EXPENSES $4,153,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,855,014	$4,101,241	+0.2%
Expenses	$4,153,489	$4,344,013	0.0%
Net Income	$701,525	$-242,772	-3.9%

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

$778,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE BOERST	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BOYNTON	DIRECTOR	1.00	Director	$0	$0	$0
CINDY GNADINGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SWALLOW	DIRECTOR	1.00	Director	$0	$0	$0
ERIK ANKERBERG	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MANION	DIRECTOR	1.00	Director	$0	$0	$0
RENEE HERZING	DIRECTOR	1.00	Director	$0	$0	$0
BETH BORGEN	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE CARTER	DIRECTOR	1.00	Director	$0	$0	$0
AARON SADOFF	DIRECTOR	1.00	Director	$0	$0	$0
KIMO AH YUN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RAYMOND	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY MORIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WALZ	DIRECTOR	1.00	Director	$0	$0	$0
ISABELLE CHERNEY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN WHITNAH	DIRECTOR	1.00	Director	$0	$0	$0
CHADWICK DAYTON	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA FOLSE	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE JOYNER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TRIETLEY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC FULCOMER	PRESIDENT	40.00	Officer	$338,767	$35,434	$374,201
JENNIFER DEHART	CHIEF OPERATING OFFICER	25.00	Officer	$164,640	$13,398	$178,038
REBECCA LARSON	SR. VP FOR ADVOCACY	40.00	Officer	$165,336	$19,602	$184,938
ELIZABETH SIMON	SR. VP FOR FINANCE & OPERATIONS (THRU 5/12/23)	40.00	Officer	$39,549	$2,066	$41,615
SHANE KELLAR	EXECUTIVE DIRECTOR, WBC	40.00	Highest	$100,890	$15,849	$116,739

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	$4,855,014	$4,153,489	$24,580,901	$701,525
2023	$4,101,241	$4,344,013	$22,443,882	$-242,772
2022	$4,896,137	$3,966,869	$20,602,047	$929,268
2021	$4,562,280	$3,749,758	$24,160,741	$812,522
2020	$3,192,926	$4,076,551	$19,922,691	$-883,625
2019	$4,121,996	$4,097,124	$19,454,750	$24,872

WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES INC