AMERICAN ASSOCIATION OF STATE COLL… - 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

1970

Legal Domicile

Principal Officer

CHARLES WELCH

Phone

2022937070

Tax Period

2024-07-01 to 2025-06-30

AMERICAN ASSOCIATION OF STATE COLLEGES AND UNIVERSITIES, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $11.8M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $18.1M exceeded revenue, resulting in a 54% operating deficit.

Mission

AASCU IS A WASHINGTON, D.C. BASED HIGHER EDUCATION ASSOCIATION THAT REPRESENTS THE SECTOR OF OVER 500 REGIONAL PUBLIC COLLEGES, UNIVERSITIES, AND SYSTEMS WHOSE MEMBERS SHARE A LEARNING AND TEACHING CENTERED CULTURE, A COMMITMENT TO PREPARING STUDENTS TO THRIVE IN THEIR CHOSEN CAREERS, AND A DEDICATION TO RESEARCH AND CREATIVITY THAT ADVANCES THEIR REGIONS' ECONOMIC PROGRESS AND CULTURAL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $7,674,120 Revenue: $1,691,878

ACADEMIC INNOVATION AND TRANSFORMATION (AIT) PROMOTES INNOVATIVE ACADEMIC AFFAIRS AND STUDENT SUCCESS PROGRAMS. AIT SUPPORTS MEMBER INSTITUTIONS IN THEIR MISSION TO PREPARE STUDENTS TO SERVE AND LEAD PRODUCTIVE AND FULFILLING LIVES. DRIVEN BY AN UNDERSTANDING THAT TODAY'S COLLEGES AND UNIVERSITIES NEED TO PREPARE STUDENTS FOR WORK, LIFE AND CITIZENSHIP IN LOCAL, NATIONAL AND GLOBAL CONTEXTS, AIT'S PROGRAMMING FOCUSES ON FOUR KEY AREAS: STUDENT SUCCESS, CIVIC ENGAGEMENT, INTERNATIONAL EDUCATION, AND TEACHER EDUCATION.

Program 2

Expenses: $2,385,010 Revenue: $2,641,853

LEADERSHIP DEVELOPMENT AND PARTNERSHIPS (LDP) IS DEDICATED TO THE GOAL OF BUILDING AND ENHANCING LEADERSHIP FOR PUBLIC HIGHER EDUCATION WITH A PRIMARY FOCUS ON THE PRESIDENT OR CHANCELLOR AND HIS OR HER SENIOR LEADERSHIP TEAM. LDP PROGRAMMING INCLUDES PREPARATION FOR THE PRESIDENCY, ORIENTATION AND DEVELOPMENT FOR NEW PRESIDENTS, PROGRAMMING FOR EXPERIENCED PRESIDENTS, SPOUSE/PARTNER PROGRAMMING, AS WELL AS DEVELOPMENT OF PROVOSTS AND OTHER EMERGING LEADERS.

Program 3

Expenses: $1,473,098 Revenue: $1,598,017

AASCU CONSULTING ASSISTS INSTITUTIONAL LEADERS IN RESPONDING TO THE BROAD RANGE OF STRATEGIC AND ORGANIZATIONAL CHALLENGES FACED BY ADMINISTRATORS OF HIGHER EDUCATION.

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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 $780,000

Program Service Revenue $9,807,225

Investment Income $1,087,638

Other Revenue $88,260

TOTAL REVENUE $11,763,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,480,250

Fundraising Expenses $511,799

Program Expenses $15,318,787

Other Expenses $9,613,917

TOTAL EXPENSES $18,094,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,763,123	$14,935,169	-0.2%
Expenses	$18,094,167	$15,102,445	+0.2%
Net Income	$-6,331,044	$-167,276	+36.8%

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

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

$1,117,726

Total Directors

$826,670

Key Employees

$1,661,182

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES WELCH	PRESIDENT AND CEO	37.50	Officer Director	$761,336	$65,334	$826,670
RON ROCHON	CHAIR	1.20	Officer Director	$0	$0	$0
ALISA WHITE	CHAIR- ELECT	1.70	Officer Director	$0	$0	$0
HEIDI ANDERSON	PAST CHAIR	1.70	Officer Director	$0	$0	$0
ANDY FEINSTEIN	SECRETARY-TREASURER	1.20	Officer Director	$0	$0	$0
CARLOS VARGAS	BOARD MEMBER	1.20	Director	$0	$0	$0
BRENDAN KELLY	BOARD MEMBER	1.20	Director	$0	$0	$0
HOUSTON DAVIS	BOARD MEMBER	1.20	Director	$0	$0	$0
NORA MILLER	BOARD MEMBER	1.20	Director	$0	$0	$0
DANIEL WUBAH	BOARD MEMBER	1.20	Director	$0	$0	$0
MARK NOOK	BOARD MEMBER	1.20	Director	$0	$0	$0
GLORIA GIBSON	BOARD MEMBER	1.20	Director	$0	$0	$0
DERIONNE POLLARD	BOARD MEMBER	1.20	Director	$0	$0	$0
ZULMA TORO	BOARD MEMBER	1.20	Director	$0	$0	$0
ORA PESCOVITZ	BOARD MEMBER	1.20	Director	$0	$0	$0
BERENECEA JOHNSON EANES	BOARD MEMBER	1.20	Director	$0	$0	$0
KARRIE DIXON	BOARD MEMBER	1.20	Director	$0	$0	$0
ERIKA BECK	BOARD MEMBER	1.20	Director	$0	$0	$0
JEAN CIBUZAR	VP, ADMIN. & FINANCE	37.50	Officer	$251,024	$40,032	$291,056
JOSE CABRALES	VP / CHIEF OPERATING OFFICER	37.50	Key Emp	$264,760	$39,873	$304,633
KATHLEEN SCOTT	VP, LEADERSHIP DEV. & PARTNERSHIPS	37.50	Key Emp	$233,119	$24,945	$258,064
LUIS MALDONADO	VP, GOV RELATIONS, POLICY & GRANTS	37.50	Key Emp	$223,383	$35,470	$258,853
TERESA BROWN	VP, ACADEMIC INNOV. & TRANSFORMATION	37.50	Key Emp	$261,654	$42,453	$304,107
KELLEE EDMONDS	VP, COMMUNICATIONS & PR	37.50	Key Emp	$227,033	$36,935	$263,968
MATT CEPPI	VP, STRATEGIC DEVELOPMENT	37.50	Key Emp	$216,071	$55,486	$271,557
LISA HUNTER	ASSOCIATE VP, ACADEMIC INNOVATION	37.50	Highest	$189,615	$27,025	$216,640
JACQUELYN JONES	ASSISTANT VP, STUDENT SUCCESS	37.50	Highest	$169,426	$37,592	$207,018
NHU DUONG	CONTROLLER	37.50	Highest	$146,447	$29,455	$175,902
SHEDEN ALSAATY	ASSISTANT VP, ADVANCEMENT	37.50	Highest	$144,294	$39,139	$183,433
KARUSHA NAIDOO	ASSISTANT VP, LEADERSHIP DEV.	37.50	Highest	$142,395	$15,810	$158,205

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	$11,763,123	$18,094,167	$37,739,090	$-6,331,044
2024	No data	No data	No data	No data
2023	$24,183,854	$14,288,593	$41,954,815	$9,895,261
2022	$11,380,212	$12,313,157	$27,986,243	$-932,945
2021	$11,451,095	$11,673,054	$33,003,801	$-221,959
2020	$23,509,247	$13,238,577	$29,429,390	$10,270,670
2019	$16,562,820	$14,267,002	$19,397,746	$2,295,818
2018	$14,487,318	$16,368,302	$20,874,133	$-1,880,984

AMERICAN ASSOCIATION OF STATE COLLEGES AND UNIVERSITIES