ASAE RESEARCH FOUNDATION (EIN 521300485) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

MICHELLE MASON

Phone

2026262723

Tax Period

2023-09-01 to 2024-08-31

ASAE RESEARCH FOUNDATION, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 42% operating margin.

Mission

THE ASAE RESEARCH FOUNDATION IS PRIMARILY FOCUSED ON ADVANCING KNOWLEDGE IN ASSOCIATION MANAGEMENT BY CONDUCTING RESEARCH IN AREAS THAT NO ONE ASSOCIATION CAN UNDERTAKE ON ITS OWN, DEVELOPING EXISTING AND NEW PROFESSIONALS WHO WILL LEAD THE PROFESSION OF ASSOCIATION MANAGEMENT INTO THE FUTURE AND HELPING ASSOCIATIONS BECOME MORE INNOVATIVE.

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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 $590,194

Program Service Revenue $100,067

Investment Income $1,903,627

Other Revenue $415,042

TOTAL REVENUE $3,008,930

Expense Breakdown

Grants Paid $51,392

Salaries & Benefits $826,976

Fundraising Expenses $608,912

Program Expenses $397,802

Other Expenses $873,102

TOTAL EXPENSES $1,751,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,008,930	$1,654,867	+0.8%
Expenses	$1,751,470	$1,808,993	0.0%
Net Income	$1,257,460	$-154,126	-9.2%

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

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

$1,120,936

Total Directors

Key Employees

$560,926

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI BROCK	CHAIR	1.00	Officer Director	$0	$0	$0
JAY L KAREN CAE	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
LYNDA J PATTERSON FASAE CAE	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
MARC ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC BEEBE CAE	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMEN ELLIOTT MS CAE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW GERTZOG FASAE CAE	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY G NAPOLITANO CAE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY WHEATLEY IOM CAE	BOARD MEMBER	1.00	Director	$0	$0	$0
LEMMIETTA G MCNEILLY PHD CAE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DOMINGUEZ FASAE CHSE	BOARD MEMBER	1.00	Director	$0	$0	$0
JERALD A JACOBS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE MASON	PRESIDENT & CEO	5.75	Officer	$156,524	$49,377	$1,069,270
HEATHER DEAN	CFAO (AS OF 11/23)	7.00	Officer	$9,618	$141	$51,666
REGINALD HENRY	CHIEF INFORMATION OFFICER	7.00	Key Emp	$65,977	$23,095	$376,545
MORGAN MARAVICH	VICE PRESIDENT, FOUNDATION RELATIONS	37.50	Key Emp	$169,461	$14,920	$184,381
ANDREA WIETERS	DIRECTOR, FUTURE-FOCUSED RESEARCH	37.50	Highest	$109,840	$16,454	$126,294

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	$3,008,930	$1,751,470	$25,827,274	$1,257,460
2023	$1,654,867	$1,808,993	$27,373,899	$-154,126
2022	$2,590,054	$1,885,041	$25,502,960	$705,013
2021	$2,493,244	$2,028,427	$31,104,132	$464,817
2020	$1,430,947	$3,352,494	$26,488,111	$-1,921,547
2019	$3,532,602	$2,994,918	$27,353,869	$537,684
2018	$2,491,382	$2,565,647	$28,167,463	$-74,265

ASAE RESEARCH FOUNDATION