AACSB INTERNATIONAL - THE ASSOCIAT… - 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

1916

Legal Domicile

Principal Officer

NEIL BOSLAND

Phone

8137696500

Tax Period

2024-07-01 to 2025-06-30

AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS, founded in 1916, is a mid-sized nonprofit in the Education sector that reported $29.2M in total revenue in fiscal year 2024. Expenses of $26.1M left a modest 11% surplus.

Mission

AACSB INTERNATIONAL PROVIDES QUALITY ASSURANCE OF BUSINESS SCHOOL PROGRAMS, THE LATEST IN BUSINESS EDUCATION INTELLIGENCE, THOUGHT LEADERSHIP, AND LEARNING AND DEVELOPMENT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $6,612,961 Revenue: $6,162,182

LEARNING AND DEVELOPMENT SERVICES - CONTRIBUTES TO THE IMPROVEMENT OF ADMINISTRATION, TEACHING, AND RESEARCH IN HIGHER EDUCATION BY PROVIDING INFORMATION AND TRAINING TO BUSINESS SCHOOL...

LEARNING AND DEVELOPMENT SERVICES - CONTRIBUTES TO THE IMPROVEMENT OF ADMINISTRATION, TEACHING, AND RESEARCH IN HIGHER EDUCATION BY PROVIDING INFORMATION AND TRAINING TO BUSINESS SCHOOL ADMINISTRATORS, EDUCATORS, AND GENERAL PUBLIC ON RELEVANT TOPICS.

Program 2

Expenses: $4,717,066 Revenue: $11,632,868

ACCREDITATION - ENSURES QUALITY IN COLLEGIATE SCHOOLS OF BUSINESS BY ESTABLISHING CERTAIN MINIMUM STANDARDS BY WHICH INSTITUTIONS ARE EVALUATED THROUGH A VOLUNTARY PEER REVIEW PROCESS. SERVICE IS...

ACCREDITATION - ENSURES QUALITY IN COLLEGIATE SCHOOLS OF BUSINESS BY ESTABLISHING CERTAIN MINIMUM STANDARDS BY WHICH INSTITUTIONS ARE EVALUATED THROUGH A VOLUNTARY PEER REVIEW PROCESS. SERVICE IS AVAILABLE TO ANY UNIVERSITY OR COLLEGE OFFERING A BACHELOR'S/GRADUATE DEGREE IN BUSINESS.

Program 3

Expenses: $6,379,922 Revenue: $808,897

BUSINESS EDUCATION INTELLIGENCE, ADVOCACY AND BUSINESS EDUCATION ALLIANCE SHARING DIVERSE INSIGHTS, BEST PRACTICES, AND IMPACTFUL RESEARCH THAT ADVANCES BUSINESS EDUCATION AND THE VALUE OF AACSB...

BUSINESS EDUCATION INTELLIGENCE, ADVOCACY AND BUSINESS EDUCATION ALLIANCE SHARING DIVERSE INSIGHTS, BEST PRACTICES, AND IMPACTFUL RESEARCH THAT ADVANCES BUSINESS EDUCATION AND THE VALUE OF AACSB ACCREDITATION AROUND THE WORLD. AACSB IS THE LEADING ADVOCATE FOR BUSINESS SCHOOLS' QUALITY, RELEVANCE, AND POSITIVE IMPACT IN SOCIETY THROUGH RESEARCH, THOUGHT LEADERSHIP, INNOVATION, INFLUENCE, AND DATA ANALYTICS PROVIDED TO MEMBERS.

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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 $8,535,422

Program Service Revenue $18,603,947

Investment Income $2,084,226

Other Revenue $12,038

TOTAL REVENUE $29,235,633

Expense Breakdown

Grants Paid $113,523

Salaries & Benefits $12,921,105

Fundraising Expenses $0

Program Expenses $17,709,949

Other Expenses $13,111,239

TOTAL EXPENSES $26,145,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,235,633	$28,463,824	+0.0%
Expenses	$26,145,867	$26,593,864	0.0%
Net Income	$3,089,766	$1,869,960	+0.7%

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

1300

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

$1,181,908

Total Directors

$713,534

Key Employees

$913,766

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YING BI	PRESIDENT AND CEO	40.00	Officer Director	$612,188	$101,346	$713,534
SHERIF KAMEL	CHAIR	1.00	Officer Director	$0	$0	$0
JOYCE STRAWSER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
IAN WILLIAMSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ALEXANDER TRIANTIS	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
NICOLE ADLER	DIRECTOR	1.00	Director	$0	$0	$0
LAILANI LANESA ALCANTARA	DIRECTOR	1.00	Director	$0	$0	$0
DONALD ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
MCRAE BANKS	DIRECTOR	1.00	Director	$0	$0	$0
LUIZ A BRITO	DIRECTOR	1.00	Director	$0	$0	$0
FRANK BUCKLESS	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH CAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
JACOB CHACKO	DIRECTOR	1.00	Director	$0	$0	$0
ISABELLE CHAQUIRIAND	DIRECTOR	1.00	Director	$0	$0	$0
ANNE-MARIE CROTEAU	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FOURNIER	DIRECTOR	1.00	Director	$0	$0	$0
THAMI GHORFI	DIRECTOR	1.00	Director	$0	$0	$0
PAULO GOES	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA GUDMUNDSSON	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
ANN HARRISON	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
MARIELLE HEIJLTJES	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE HINSON	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KAROLYI	DIRECTOR	1.00	Director	$0	$0	$0
KATE KEARINS	DIRECTOR	1.00	Director	$0	$0	$0
XIONGWEN LU	DIRECTOR	1.00	Director	$0	$0	$0
NICOLAJ MALCHOW-MOLLER	DIRECTOR	1.00	Director	$0	$0	$0
DELPHINE MANCEAU	DIRECTOR	1.00	Director	$0	$0	$0
PETER MOLLGAARD	DIRECTOR	1.00	Director	$0	$0	$0
LEE NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA ORDONEZ	DIRECTOR	1.00	Director	$0	$0	$0
ROWENA ORTIZ-WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA RITTER	DIRECTOR	1.00	Director	$0	$0	$0
VANCE ROLEY	DIRECTOR	1.00	Director	$0	$0	$0
VALLABH SAMBAMURTHY	DIRECTOR	1.00	Director	$0	$0	$0
KAR YAN TAM	DIRECTOR	1.00	Director	$0	$0	$0
DEREK THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
FRANCISCO VELOSO	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
NEIL BOSLAND	EVP, COO/CFO	40.00	Officer	$423,820	$44,554	$468,374
GEOFF PERRY	EVP, CHIEF OFFICER ASIA PACIFIC	40.00	Key Emp	$457,150	$4,953	$462,103
STEPHANIE BRYANT	EVP, CHIEF ACCREDITATION OFFICER	40.00	Key Emp	$407,013	$44,650	$451,663
BEVERLY DANIEL	VICE PRESIDENT OF HR & FACILITIES	40.00	Highest	$242,429	$15,123	$257,552
NICHOLAS IGNERI	SVP, CHIEF LEARNING OFFICER - PART YEAR	40.00	Highest	$379,670	$0	$379,670
DAMION DAM	DIR. OF FINANCIAL & ACCOUNTING STRATEGY	40.00	Highest	$274,011	$33,296	$307,307
AL RENSHAW	SVP, CMO - PART YEAR	40.00	Highest	$340,579	$0	$340,579
RON TUNINGA	SVP, DIR. OF EMEA - PART YEAR	40.00	Highest	$408,374	$12,484	$420,858

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	$29,235,633	$26,145,867	$50,688,998	$3,089,766
2024	$28,463,824	$26,593,864	$47,178,433	$1,869,960
2023	$25,691,440	$25,580,100	$42,024,456	$111,340
2022	$23,294,329	$20,285,813	$36,218,850	$3,008,516
2020	$19,798,061	$21,353,987	$26,741,795	$-1,555,926
2019	$22,797,249	$22,518,552	$27,612,690	$278,697
2018	$22,516,002	$22,814,955	$27,650,200	$-298,953

AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS