Kansas Independent College Associa… - 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

1952

Legal Domicile

Principal Officer

Matthew E Lindsey

Phone

9134844706

Tax Period

2023-07-01 to 2024-06-30

Kansas Independent College Association, founded in 1952, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 9% surplus.

Mission

To assist its members in student recruiting as well as governmental and public relations.

Program Service Accomplishments

Program 1

Expenses: $433,705 Revenue: $522,939

Association designed to provide assistance to small colleges. Assistance is provided in student recruitment and public relations to strengthen independent college enrollment in Kansas.

Program 2

Expenses: $398,947 Revenue: $610,415

Provide undergraduate and graduate courses through a consortium model designed to supplement offerings for degree-seeking students at participating member institutions. KICA uses both face-to-face...

Provide undergraduate and graduate courses through a consortium model designed to supplement offerings for degree-seeking students at participating member institutions. KICA uses both face-to-face instruction and synchronous online instruction to deliver these courses. KICA also coordinates efforts to identify under-enrolled online courses at one member institution and sharing access to those available courses with other member institutions.

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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 $0

Program Service Revenue $1,126,380

Investment Income $51,581

Other Revenue $6,974

TOTAL REVENUE $1,184,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $746,951

Fundraising Expenses $0

Program Expenses $832,652

Other Expenses $335,381

TOTAL EXPENSES $1,082,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,184,935	$1,105,781	+0.1%
Expenses	$1,082,332	$1,038,374	+0.0%
Net Income	$102,603	$67,407	+0.5%

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

$190,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Msgr Stuart Swetland	Chairperson	1.00	Officer Director	$0	$0	$0
Dr Kathleen Jagger	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Dr Jon Gering	Secretary-Treasurer (Beg. March 2024)	1.00	Officer Director	$0	$0	$0
Dr Reggies Wenyika	Secretary-Treasurer (Thru March 2024)	1.00	Officer Director	$0	$0	$0
Dr Michael P Schneider	Trustee	1.00	Director	$0	$0	$0
Kevin Ingram	Trustee	1.00	Director	$0	$0	$0
Dr Lynne Murray	Trustee	1.00	Director	$0	$0	$0
Dr David Spittal	Trustee	1.00	Director	$0	$0	$0
Dr Royce Frazier	Trustee	1.00	Director	$0	$0	$0
Dr Amy Bragg Carey	Trustee	1.00	Director	$0	$0	$0
Stephen Minnis	Trustee	1.00	Director	$0	$0	$0
Dr Ross Peterson-Veatch	Trustee	1.00	Director	$0	$0	$0
Dr Matthew Thompson	Trustee	1.00	Director	$0	$0	$0
Dr Leonard Favara	Trustee	1.00	Director	$0	$0	$0
Dr Elizabeth Frombgen	Trustee	1.00	Director	$0	$0	$0
Dr Scott Rich	Trustee	1.00	Director	$0	$0	$0
Dr David Janzen	Trustee	1.00	Director	$0	$0	$0
Dr Diane Steele	Trustee	1.00	Director	$0	$0	$0
Dr Carl Cleveland III	Trustee	1.00	Director	$0	$0	$0
Dr Steve Eckman	Trustee	1.00	Director	$0	$0	$0
Dr Bambi Burgard	Trustee	1.00	Director	$0	$0	$0
Chad Pollard	Trustee	1.00	Director	$0	$0	$0
Matthew E Lindsey	Executive Director	40.00	Officer	$176,000	$14,080	$190,080

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	$51,973	$3,957	No data	$48,016
2024	$1,184,935	$1,082,332	$328,009	$102,603
2023	$1,105,781	$1,038,374	$680,944	$67,407
2022	$901,105	$882,376	$604,701	$18,729
2021	$8,597,034	$8,484,046	$632,055	$112,988
2020	$768,283	$616,906	$482,891	$151,377
2019	$702,465	$761,303	$304,322	$-58,838

Kansas Independent College Association