ROCKY MOUNTAIN ASSOCIATION OF STUD… - 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

1982

Legal Domicile

Principal Officer

MATTHEW ROWELL

Phone

3854285450

Tax Period

2024-01-01 to 2024-12-31

ROCKY MOUNTAIN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS, founded in 1982, is a small nonprofit in the Community Improvement sector that reported $272K in total revenue in fiscal year 2024. The organization ran a surplus of $67K, a strong 25% operating margin.

Mission

THE ROCKY MOUNTAIN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS EXISTS PRIMARILY TO PROMOTE THE PROFESSIONAL PREPARATION, LEADERSHIP DEVELOPMENT, EFFECTIVENESS, AND MUTUAL SUPPORT OF PERSONS INVOLVED IN STUDENT FINANCIAL AID ADMINISTRATION. IN ADDITION, RMASFAA EXISTS TO BRING ABOUT THE IMPLEMENTATION OF PROGRAMS THAT WILL HAVE A POSITIVE IMPACT ON STUDENTS' ABILITY TO PAY FOR HIGHER EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $115,725 Revenue: $171,298

CONFERENCES AND WORKSHOPS - OVER 190 INSTITUTIONS AND OVER 340 INDIVIDUALS WERE DISSEMINATED INFORMATION ON STUDENT FINANCIAL AID PROGRAMS

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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 $77,838

Program Service Revenue $168,448

Investment Income $22,536

Other Revenue $2,850

TOTAL REVENUE $271,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $115,725

Other Expenses $204,615

TOTAL EXPENSES $204,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,672	$253,719	+0.1%
Expenses	$204,615	$298,676	-0.3%
Net Income	$67,057	$-44,957	-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

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLI ENGELHARDT	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN CHASE BROWN	PRESIDENT	8.00	Officer Director	$0	$0	$0
VANESSA MARTINEAU	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
MATTHEW ROWELL	TREASURER	6.00	Officer Director	$0	$0	$0
DORINDA ROTH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRITTANY LAMOREAUX	SECRETARY	1.00	Officer Director	$0	$0	$0
BECKY PRIBYL	VICE PRESIDENT-ELECT (NON-VOTING)	1.00	Officer Director	$0	$0	$0
SHAWNA OTTE	TREASURER-ELECT (NON-VOTING)	2.00	Officer Director	$0	$0	$0
CARIN CARSTENS	ASSOCIATE DELEGATE	1.00	Director	$0	$0	$0
SHANNON WEBBER	STATE DELEGATE	1.00	Director	$0	$0	$0
TANYA MCGEE	STATE DELEGATE	1.00	Director	$0	$0	$0
JAMES BROSCHEIT	STATE DELEGATE	1.00	Director	$0	$0	$0
TRACI BOEVE	STATE DELEGATE	1.00	Director	$0	$0	$0
KELSEY WALTERS	STATE DELEGATE	1.00	Director	$0	$0	$0
TRACEY BUISKER	STATE DELEGATE	1.00	Director	$0	$0	$0
CHRISTINA AYRES	STATE DELEGATE	1.00	Director	$0	$0	$0
ALLISON MURRAY	STATE DELEGATE	1.00	Director	$0	$0	$0

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
2024	$271,672	$204,615	$460,477	$67,057
2023	$253,719	$298,676	$383,965	$-44,957
2022	$211,254	$341,517	$391,499	$-130,263
2021	$143,559	$204,180	$572,827	$-60,621
2020	$128,644	$63,556	$575,194	$65,088
2019	$232,222	$196,741	$517,044	$35,481
2018	$250,941	$184,667	$431,184	$66,274

ROCKY MOUNTAIN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS