THE CONSORTIUM FOR INNOVATIVE LEGA… - 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

1997

Legal Domicile

Principal Officer

MICHAEL BARRY

Phone

6173681418

Tax Period

2020-01-01 to 2020-12-31

THE CONSORTIUM FOR INNOVATIVE LEGAL EDUCATION INC, founded in 1997, is a micro nonprofit that reported $3K in total revenue in fiscal year 2020. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 1640% operating deficit.

Mission

THE CONSORTIUM FOR INNOVATIVE LEGAL EDUCATION, INC. IS AN INNOVATIVE EDUCATIONAL SERVICE ORGANIZATION THAT BY COOPERATION AND THE COMBINING OF RESOURCES ENHANCES AND STRENGTHENS MEMBER SCHOOLS' ABILITY TO ACCOMPLISH EACH SCHOOLS' EDUCATIONAL MISSION, AND PROVIDES EXPANDED OPPORTUNITIES FOR EDUCATIONAL PROGRAMS ON A NATIONAL AND INTERNATIONAL BASIS.

Program Service Accomplishments

Program 1

Expenses: $30,504

THE CONSORTIUM'S ACTIVITIES INCLUDED SUMMER PROGRAMS IN LONDON, IRELAND, MALTA, PRAGUE AND CHILE IN WHICH STUDENTS TOOK LEGAL COURSEWORK EXPOSING THEM TO INTERNATIONAL AND COMPARATIVE LAW AND...

THE CONSORTIUM'S ACTIVITIES INCLUDED SUMMER PROGRAMS IN LONDON, IRELAND, MALTA, PRAGUE AND CHILE IN WHICH STUDENTS TOOK LEGAL COURSEWORK EXPOSING THEM TO INTERNATIONAL AND COMPARATIVE LAW AND CULTURE. DUE TO THE COVID PANDEMIC THESE SUMMER PROGRAMS WERE CANCELLED FOR 2020.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,678

Other Revenue $1,500

TOTAL REVENUE $3,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,504

Other Expenses $55,293

TOTAL EXPENSES $55,293

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,178	$505,509	-1.0%
Expenses	$55,293	$461,546	-0.9%
Net Income	$-52,115	$43,963	-2.2%

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

N/A

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

$820,996

Total Directors

$1,796,948

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIELS SCHAUMANN	DIRECTOR (1/1-7/31)	1.00	Director	$375,037	$50,550	$425,587
ALLISON DUSSIAS	DIRECTOR	3.00	Officer Director	$298,641	$46,960	$345,601
PETER KNAPP	DIRECTOR (1/1-6/30)	1.00	Director	$206,468	$12,147	$218,615
MICHAEL BARRY	DIR/PRESIDENT	1.00	Director	$356,610	$42,775	$399,385
SEAN M SCOTT	DIRECTOR (8/1-12/31)	1.00	Director	$174,319	$13,104	$187,423
ANTHONY NIEDWIECKI	DIRECTOR (7/1-12/31)	1.00	Director	$212,334	$8,003	$220,337
ANNE MARIE MARTORANA	CFO	3.00	Officer	$252,501	$24,791	$277,292
GARY BISHOP	EXECUTIVE DIRECTOR	4.00	Officer	$163,703	$34,400	$198,103
MARK GORDON	FORMER DIRECTOR/OFFICER	0.00		$234,296	$15,107	$249,403
DONALD J GUTER	FORMER DIRECTOR	0.00		$275,961	$23,708	$299,669
JOHN O'BRIEN	FORMER DIRECTOR	0.00		$4,799,877	$85,327	$4,885,204
ALLISON CATO	FORMER EXEC. DIRECTOR	0.00		$142,268	$8,365	$150,633

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
2020	$3,178	$55,293	$370,508	$-52,115
2019	$505,509	$461,546	$417,782	$43,963
2018	$498,195	$475,079	$358,377	$23,116

THE CONSORTIUM FOR INNOVATIVE LEGAL EDUCATION INC