MARYLAND INDEPENDENT COLLEGE & UNI… - 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

1971

Legal Domicile

Principal Officer

MATTHEW POWER

Phone

4102690306

Tax Period

2024-07-01 to 2025-06-30

MARYLAND INDEPENDENT COLLEGE & UNIVERSITY ASSOCIATION INC, founded in 1971, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 8% surplus.

Mission

SERVING THE INTERESTS OF INDEPENDENT HIGHER EDUCATION AND SUPPORTING THE WORK OF CAMPUS LEADERS THROUGHOUT THE STATE OF MARYLAND.

Program Service Accomplishments

Program 1

Expenses: $806,023

THE ASSOCIATION SERVES TO MEET THE NEEDS OF INDEPENDENT HIGHER EDUCATION AND FOSTERS COOPERATIVE EFFORTS AMONG ITS MEMBER INSTITUTIONS AND ALL SEGMENTS OF HIGHER EDUCATION. AS THE VOICE OF...

THE ASSOCIATION SERVES TO MEET THE NEEDS OF INDEPENDENT HIGHER EDUCATION AND FOSTERS COOPERATIVE EFFORTS AMONG ITS MEMBER INSTITUTIONS AND ALL SEGMENTS OF HIGHER EDUCATION. AS THE VOICE OF INDEPENDENT HIGHER EDUCATION IN MARYLAND, THE ASSOCIATION SEEKS TO INFORM THE BROADER PUBLIC ABOUT ITS MEMBER INSTITUTIONS AND THE VITAL IMPORTANCE OF INDEPENDENT COLLEGES AND UNIVERSITIES TO THE FUTURE OF OUR STATE AND NATION.

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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 $1,520,876

Investment Income $60,659

Other Revenue $0

TOTAL REVENUE $1,581,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,169,924

Fundraising Expenses $0

Program Expenses $806,023

Other Expenses $278,482

TOTAL EXPENSES $1,448,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,581,535	$1,558,360	+0.0%
Expenses	$1,448,406	$1,367,919	+0.1%
Net Income	$133,129	$190,441	-0.3%

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

$305,401

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW POWER	PRESIDENT	40.0	Officer	$305,401	$0	$305,401
MICHAEL SOSULSKI	TRUSTEE	0.5	Director	$0	$0	$0
TERRENCE SAWYER	TRUSTEE	0.5	Director	$0	$0	$0
RONALD DANIELS	TRUSTEE	0.5	Director	$0	$0	$0
KENT DEVEREAUX	TRUSTEE	0.5	Director	$0	$0	$0
JULIA JASKEN	TRUSTEE	0.5	Director	$0	$0	$0
CECILIA MCCORMICK	TRUSTEE	0.5	Director	$0	$0	$0
DR ELLIOT HIRSHMAN	TRUSTEE	0.5	Director	$0	$0	$0
JERRY JOYCE	TRUSTEE	0.5	Director	$0	$0	$0
DEBBIE RICKER	TRUSTEE	0.5	Director	$0	$0	$0
DR MARYLOU YAM	PAST CHAIR	0.5	Officer	$0	$0	$0
NORA DEMLEITNER	SECRETARY - TREASURER	0.5	Officer	$0	$0	$0
DR BRADFORD SIMS	VICE CHAIR	0.5	Officer	$0	$0	$0
DR WEYMOUTH SPENCE	CHAIR	0.5	Officer	$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
2025	$1,581,535	$1,448,406	$2,612,471	$133,129
2024	$1,558,360	$1,367,919	$2,438,596	$190,441
2023	$1,505,421	$1,362,448	$2,400,016	$142,973
2022	$1,496,279	$1,245,671	$2,606,991	$250,608
2021	$1,485,417	$1,010,428	$2,339,117	$474,989

MARYLAND INDEPENDENT COLLEGE & UNIVERSITY ASSOCIATION INC