ASSOCIATION OF SCHOOLS AND COLLEGE… - 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

1972

Legal Domicile

Principal Officer

DAWN MANCUSO

Phone

3012315944

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF SCHOOLS AND COLLEGES OF OPTOMETRY, founded in 1972, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 9% surplus.

Mission

THE ASSOCIATION OF SCHOOLS AND COLLEGES OF OPTOMETRY (ASCO) ADVANCES OPTOMETRIC EDUCATION AND RESEARCH TO ENHANCE THE HEALTH AND WELL-BEING OF THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $1,644,998 Revenue: $1,867,839

APPLICANT DEVELOPMENT/STUDENT AND RESIDENT PROGRAM - PROMOTED THE FIELD OF OPTOMETRY TO A DIVERSIFIED AND QUALIFIED GROUP OF HIGH SCHOOL AND COLLEGE STUDENTS VIA BROCHURES, INFORMATIONAL MATERIALS...

APPLICANT DEVELOPMENT/STUDENT AND RESIDENT PROGRAM - PROMOTED THE FIELD OF OPTOMETRY TO A DIVERSIFIED AND QUALIFIED GROUP OF HIGH SCHOOL AND COLLEGE STUDENTS VIA BROCHURES, INFORMATIONAL MATERIALS, DATA, WEBSITE, AND SOCIAL MEDIA.

Program 2

Expenses: $592,673 Revenue: $664,148

FACULTY DEVELOPMENT AND INVOLVEMENT - ASCO HOLDS SPECIAL INTEREST GROUP MEETINGS WHERE FACULTY CAN SHARE DEVELOPMENTS IN THEIR PARTICULAR FIELDS OF INTEREST AND DEVELOP POLICY RECOMMENDATIONS THAT...

FACULTY DEVELOPMENT AND INVOLVEMENT - ASCO HOLDS SPECIAL INTEREST GROUP MEETINGS WHERE FACULTY CAN SHARE DEVELOPMENTS IN THEIR PARTICULAR FIELDS OF INTEREST AND DEVELOP POLICY RECOMMENDATIONS THAT SUPPORT A HIGH QUALITY OF OPTOMETRIC EDUCATION. ASCO ALSO DEVELOPS AND ADMINISTERS FACULTY TRAINING PROGRAMS, IN BOTH LIVE AND VIRTUAL FORMATS, SUCH AS THE FUTURE FACULTY PROGRAM, THE SPRING INSTITUTE FOR FACULTY DEVELOPMENT, THE OPTOMETRIC EDUCATION LEADERSHIP INSTITUTE, THE ONLINE CLINICAL EDUCATORS FORUM, AND TOWN HALL MEETINGS/WEBINARS.

Program 3

Expenses: $200,021 Revenue: $227,308

COMMUNICATIONS - THE COMMUNICATIONS DEPARTMENT OVERSEES ALL INTERNAL AND EXTERNAL COMMUNICATIONS FOR ASCO, INCLUDING ITS WEBSITES, NEWSLETTER, JOURNAL, SOCIAL MEDIA FEEDS, PRESS RELEASES, AND...

COMMUNICATIONS - THE COMMUNICATIONS DEPARTMENT OVERSEES ALL INTERNAL AND EXTERNAL COMMUNICATIONS FOR ASCO, INCLUDING ITS WEBSITES, NEWSLETTER, JOURNAL, SOCIAL MEDIA FEEDS, PRESS RELEASES, AND CORRESPONDENCE WITH ALL CONSTITUENTS, INCLUDING MEMBERS OF THE MEDIA.

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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 $408,076

Program Service Revenue $3,108,213

Investment Income $583,760

Other Revenue $3,454

TOTAL REVENUE $4,103,503

Expense Breakdown

Grants Paid $146,249

Salaries & Benefits $1,384,770

Fundraising Expenses $260,085

Program Expenses $2,884,728

Other Expenses $2,220,819

TOTAL EXPENSES $3,751,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,103,503	$3,575,704	+0.1%
Expenses	$3,751,838	$3,435,407	+0.1%
Net Income	$351,665	$140,297	+1.5%

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

500

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

$351,389

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRASIER HORN	PRESIDENT	10.00	Officer Director	$0	$0	$0
ALICIA FEIS	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
KESHIA ELDER	TREASURER	5.00	Officer Director	$0	$0	$0
SANDRA FORTENBERRY	SECRETARY (UNTIL 1/31/25)	5.00	Officer Director	$0	$0	$0
MARK COLIP	IMMEDIATE PAST-PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIC BORSTING	AT LARGE MEMBER	1.00	Director	$0	$0	$0
NANCY COLETTA	AT LARGE MEMBER	1.00	Director	$0	$0	$0
JOHN FLANAGAN	AT LARGE MEMBER (UNTIL 1/31/25)	1.00	Director	$0	$0	$0
SHARON BENTLEY	AT LARGE MEMBER (FROM 2/1/25)	1.00	Director	$0	$0	$0
DAVID HEATH	AT LARGE MEMBER (UNTIL 9/30/24)	1.00	Director	$0	$0	$0
DAVID TROILO	AT LARGE MEMBER (FROM 10/1/24)	1.00	Director	$0	$0	$0
ADAM HICKENBOTHAM	AT LARGE MEMBER	1.00	Director	$0	$0	$0
ELIZABETH HOPPE	AT LARGE MEMBER	1.00	Director	$0	$0	$0
NATHAN LIGHTHIZER	AT LARGE MEMBER	1.00	Director	$0	$0	$0
MARYKE NEIBERG	AT LARGE MEMBER (FROM 12/1/24)	1.00	Director	$0	$0	$0
KELLY NICHOLS	AT LARGE MEMBER	1.00	Director	$0	$0	$0
ANDRES PAGAN	AT LARGE MEMBER	1.00	Director	$0	$0	$0
HOWARD PURCELL	AT LARGE MEMBER	1.00	Director	$0	$0	$0
RENEE REEDER	AT LARGE MEMBER	1.00	Director	$0	$0	$0
LEWIS REICH	AT LARGE MEMBER	1.00	Director	$0	$0	$0
LINDA ROUSE	AT LARGE MEMBER	1.00	Director	$0	$0	$0
STEPHANIE SCHMIEDECKE BARBIERI	AT LARGE MEMBER (FROM 2/1/25)	1.00	Director	$0	$0	$0
MELISSA SUCKOW	AT LARGE MEMBER (UNTIL 10/31/24)	1.00	Director	$0	$0	$0
JOSHUA BAKER	AT LARGE MEMBER (FROM 11/1/24)	1.00	Director	$0	$0	$0
DANIEL TAYLOR	AT LARGE MEMBER	1.00	Director	$0	$0	$0
MELISSA TREGO	AT LARGE MEMBER (UNTIL 9/30/24)	1.00	Director	$0	$0	$0
JEFFREY WEAVER	AT LARGE MEMBER (FROM 11/1/24)	1.00	Director	$0	$0	$0
MICHAEL TWA	AT LARGE MEMBER	1.00	Director	$0	$0	$0
SURESH VISWANATHAN	AT LARGE MEMBER	1.00	Director	$0	$0	$0
JEFFREY WALLINE	AT LARGE MEMBER (UNTIL 5/31/25)	1.00	Director	$0	$0	$0
KARLA ZADNIK	AT LARGE MEMBER (FROM 6/1/25)	1.00	Director	$0	$0	$0
DAWN MANCUSO	EXECUTIVE VICE PRESIDENT/CEO	35.00	Officer	$293,816	$57,573	$351,389
DAVID O'DONNELL	DIRECTOR, DEVELOPMENT	35.00	Highest	$154,319	$26,090	$180,409
PAIGE PENCE	DIR., STUDENT & RESIDENCY AFFAIRS	35.00	Highest	$134,198	$28,996	$163,194
KIM O'SULLIVAN	DIRECTOR, COMMUNICATIONS	35.00	Highest	$131,449	$28,883	$160,332

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	$4,103,503	$3,751,838	$13,305,290	$351,665
2024	$3,575,704	$3,435,407	$12,125,222	$140,297
2023	$3,754,221	$3,580,601	$11,311,771	$173,620
2022	$3,481,660	$3,103,242	$11,621,143	$378,418
2021	$3,560,195	$2,839,511	$12,646,421	$720,684
2020	$3,105,165	$3,234,393	$10,188,844	$-129,228
2019	$3,165,135	$2,985,026	$10,189,437	$180,109
2018	$2,648,103	$2,481,772	$9,899,226	$166,331

ASSOCIATION OF SCHOOLS AND COLLEGES OF OPTOMETRY