INDEPENDENT COLLEGES & UNIVERSITIE… - 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

2003

Legal Domicile

Principal Officer

EMILY C STOVALL

Phone

4073542114

Tax Period

2024-04-01 to 2025-03-31

INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC, founded in 2003, is a major nonprofit that reported $118.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LIFE, HEALTH, ACCIDENT, OR OTHER BENEFITS CONSISTENT WITH TAXPAYER'S EXEMPT STATUS.

Program Service Accomplishments

Program 1

PROVIDED LIFE, HEALTH, ACCIDENT, OR OTHER BENEFITS CONSISTENT WITH TAXPAYER'S EXEMPT STATUS.

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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 $0

Program Service Revenue $117,203,321

Investment Income $1,735,875

Other Revenue $0

TOTAL REVENUE $118,939,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,396,870

Fundraising Expenses $0

Other Expenses $126,166,127

TOTAL EXPENSES $127,562,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,939,196	$108,715,168	+0.1%
Expenses	$127,562,997	$111,214,032	+0.1%
Net Income	$-8,623,801	$-2,498,864	+2.5%

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

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

$801,894

Total Directors

$2,216,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA POPOVICH	Chairman	0.00	Director	$0	$30,500	$343,143
MARK WEINSTEIN	President & CEO	40.00	Officer	$326,549	$11,521	$338,070
JAMES DETUCCIO	Director	0.00	Director	$0	$17,079	$267,600
LINDA WAGNER	Director	0.00	Director	$0	$18,687	$258,735
JEFF ROLE	Director	0.00	Director	$0	$23,000	$252,825
PAULA HEDAYAT	CFO	40.00	Officer	$242,639	$9,682	$252,321
JENNIFER BOYD-PUGH	Treasurer	0.00	Director	$0	$10,970	$230,499
JOHN LAPHAM	Director	0.00	Director	$0	$48,181	$212,565
EMILY C STOVALL	COO	40.00	Officer	$204,253	$7,250	$211,503
CARA WALD	Director	0.00	Director	$0	$9,942	$206,604
JENNIFER ADDLEMAN	Director	0.00	Director	$0	$24,609	$122,812
JANET CRAIGMILES	Director	0.00	Director	$0	$0	$105,721
ROCHELLE GREAVES	Director	0.00	Director	$0	$5,872	$102,271
MELISSA HUGGINS	Director	0.00	Director	$0	$0	$80,544
SUSAN MARTIN	Director	0.00	Director	$0	$2,515	$33,041

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	$118,939,196	$127,562,997	$49,661,987	$-8,623,801
2024	$108,715,168	$111,214,032	$56,481,322	$-2,498,864
2023	$99,220,821	$97,761,105	$56,965,522	$1,459,716
2022	$98,817,940	$97,258,575	$55,882,543	$1,559,365
2021	$98,027,937	$91,825,916	$59,194,867	$6,202,021
2020	$100,439,431	$94,928,072	$45,278,258	$5,511,359
2019	$94,801,210	$97,695,158	$39,643,613	$-2,893,948
2018	$90,591,354	$88,898,254	$46,783,686	$1,693,100

INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATION INC