ASSOCIATION OF INDEPENDENT COLLEGES OF ART & DESIGN INC (EIN 521752451) - 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

1991

Legal Domicile

Principal Officer

DEBORAH OBALIL

Phone

4012705991

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF INDEPENDENT COLLEGES OF ART & DESIGN INC, founded in 1991, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE INFORMATION TO THE PUBLIC ABOUT ART AND DESIGN EDUCATION AT THE COLLEGE LEVEL AND TO CONDUCT RESEARCH, CONFERENCES, AND SYMPOSIA TO HELP PROMOTE THE QUALITY OF THE MEMBER SCHOOLS' OFFERINGS.

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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 $867,416

Program Service Revenue $352,358

Investment Income $37,095

Other Revenue $50,604

TOTAL REVENUE $1,307,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $481,412

Fundraising Expenses $0

Program Expenses $1,302,427

Other Expenses $950,064

TOTAL EXPENSES $1,431,476

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,307,473	$1,792,144	-0.3%
Expenses	$1,431,476	$1,188,077	+0.2%
Net Income	$-124,003	$604,067	-1.2%

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

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

$203,073

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DOZ	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH GIRANDOLA	TRUSTEE	1.00	Director	$0	$0	$0
KAREN HOFMANN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HOWSE	TRUSTEE	1.00	Director	$0	$0	$0
RAVI RAJAN	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN HEIDEMANN	TRUSTEE	1.00	Director	$0	$0	$0
DONALD TUSKI	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE CORN	TRUSTEE	1.00	Director	$0	$0	$0
EMILY PARKHURST	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN BRITTAN	TRUSTEE	1.00	Director	$0	$0	$0
LAURA FREID	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN PELLINEN	TRUSTEE	1.00	Director	$0	$0	$0
CATHY YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
PEGGY SHANNON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SPROULS	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER COLE	TRUSTEE	1.00	Director	$0	$0	$0
YVONNE WATSON	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS WHITTEY	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW BARNES	TRUSTEE	1.00	Director	$0	$0	$0
LARRY THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
CRYSTAL WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID RHODES	TRUSTEE	1.00	Director	$0	$0	$0
JISEON LEE ISBARA	TRUSTEE	1.00	Director	$0	$0	$0
JEFF BELLANTONI	TRUSTEE	1.00	Director	$0	$0	$0
SCHERI FULTINEER	TRUSTEE	1.00	Director	$0	$0	$0
ANA SERRANO	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES HIRSCHHORN	TRUSTEE	1.00	Director	$0	$0	$0
KYMBERLY PINDER	TRUSTEE	1.00	Director	$0	$0	$0
TRISH KELLY	TRUSTEE	1.00	Director	$0	$0	$0
ALLISON PUFF	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER SHAW	TRUSTEE	1.00	Director	$0	$0	$0
CECILIA MCCORMICK	TRUSTEE	1.00	Director	$0	$0	$0
MARY K GRANT	SECRETARY	1.00	Officer	$0	$0	$0
JEFFREY MORIN	TREASURER	1.00	Officer	$0	$0	$0
SANJIT SETHI	VICE CHAIR	1.00	Officer	$0	$0	$0
FRANCES BRONET	CHAIR	1.00	Officer	$0	$0	$0
DEBORAH OBALIL	PRESIDENT & EXECUTIVE DIRE	40.00	Officer	$181,124	$21,949	$203,073

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	$1,307,473	$1,431,476	$1,302,923	$-124,003
2024	$1,792,144	$1,188,077	$1,221,010	$604,067
2023	$1,040,331	$1,211,160	$631,091	$-170,829
2022	$1,309,462	$1,014,510	$795,638	$294,952
2021	$976,092	$851,976	$492,455	$124,116
2020	$1,033,213	$976,919	$382,953	$56,294
2019	$1,080,859	$1,116,302	$388,944	$-35,443
2018	$1,026,022	$1,021,564	$360,967	$4,458

ASSOCIATION OF INDEPENDENT COLLEGES OF ART & DESIGN INC