THE INSTITUTE FOR HIGHER EDUCATION… - 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

1993

Legal Domicile

Principal Officer

MARY G VOIGHT

Phone

2028618245

Tax Period

2024-01-01 to 2024-12-31

THE INSTITUTE FOR HIGHER EDUCATION POLICY, founded in 1993, is a community nonprofit in the Social Science sector that reported $8.9M in total revenue in fiscal year 2024. Revenue surged 319% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 52% operating margin.

Mission

THE INSTITUTE FOR HIGHER EDUCATION POLICY (IHEP) WORKS TO BUILD A MORE EQUITABLE AND JUST SOCIETY THROUGH HIGHER EDUCATION. WE DRIVE SYSTEMIC CHANGE TO ADVANCE EQUITABLE OUTCOMES AND GENERATIONAL IMPACT FOR COMMUNITIES HISTORICALLY MARGINALIZED BASED ON RACE, ETHNICITY, OR INCOME. WE PURSUE THIS CHANGE THROUGH RESEARCH, ADVOCACY, POLICY DEVELOPMENT, AND FIELD ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $1,648,790 Revenue: $15,000

DATA & TRANSPARENCY OUR SYSTEM OF HIGHER EDUCATION IS DATA-RICH BUT INFORMATION-POOR. IHEP PROMOTES SMART HIGHER EDUCATION DATA USE BY IDENTIFYING TRENDS IN DATA COLLECTION AND REPORTING AT THE...

DATA & TRANSPARENCY OUR SYSTEM OF HIGHER EDUCATION IS DATA-RICH BUT INFORMATION-POOR. IHEP PROMOTES SMART HIGHER EDUCATION DATA USE BY IDENTIFYING TRENDS IN DATA COLLECTION AND REPORTING AT THE FEDERAL, STATE, AND INSTITUTIONAL LEVELS, SUPPORTING A CULTURE OF DATA-USE ON CAMPUSES THROUGH OUR RESEARCH, TRAININGS, AND COMMUNITIES OF PRACTICES, AND CALLING FOR THE MODERNIZATION OF OUR POSTSECONDARY DATA INFRASTRUCTURE. SINCE 2014, IHEP HAS LED THE POSTSECONDARY DATA COLLABORATIVE (POSTSECDATA), A COALITION OF DIVERSE ORGANIZATIONS THAT JOINTLY ADVOCATES FOR THE USE OF HIGH-QUALITY POSTSECONDARY DATA TO IMPROVE ACCESS AND SUCCESS IN HIGHER EDUCATION, INFORM AND EVALUATE POLICY DEVELOPMENT, AND INFORM STUDENT CHOICES ABOUT THEIR INVESTMENTS IN HIGHER EDUCATION.

Program 2

Expenses: $786,783

EVIDENCE-BASED COMPLETION HIGHER EDUCATION CAN BE A PATHWAY TO ECONOMIC SECURITY, SOCIAL MOBILITY AND SOCIETY-WIDE VALUE IF STUDENTS EARN A DEGREE OR CREDENTIAL. IHEP PROMOTES EVIDENCE-BASED PATHWAYS TO COMPLETION FOR TODAY'S STUDENTS BY IDENTIFYING BARRIERS TO COMPLETION AND DEGREE ATTAINMENT, EXAMINING INNOVATIVE AND EFFECTIVE APPROACHES AT THE INSTITUTIONAL, STATE, AND FEDERAL LEVELS TO PROMOTE COMPLETION, AND WORKING WITH POLICYMAKERS AND PRACTITIONERS TO ADVANCE STRATEGIES AND POLICIES THAT SUPPORT STUDENTS AS THEY COMPLETE THEIR STUDIES. IHEP WORKS TO SUPPORT KNOWLEDGE BUILDING AND SCALING OF DATA-DRIVEN STRATEGIES THAT IMPROVE COMPLETION.

Program 3

Expenses: $570,381

NEED-BASED AID NEED-BASED AID DOES MORE THAN MAKE COLLEGE MORE AFFORDABLE - IT MAKES COLLEGE POSSIBLE FOR TODAY'S STUDENTS. WE PROMOTE AFFORDABLE POSTSECONDARY EDUCATION BY: IDENTIFYING FINANCIAL...

NEED-BASED AID NEED-BASED AID DOES MORE THAN MAKE COLLEGE MORE AFFORDABLE - IT MAKES COLLEGE POSSIBLE FOR TODAY'S STUDENTS. WE PROMOTE AFFORDABLE POSTSECONDARY EDUCATION BY: IDENTIFYING FINANCIAL CHALLENGES AND EXAMINING INNOVATIVE SOLUTIONS; CALLING TO PROTECT AND INCREASE NEED-BASED AID AT THE FEDERAL, STATE, AND INSTITUTIONAL LEVELS; AND WORKING WITH POLICYMAKERS AND PRACTITIONERS TO PRIORITIZE NEED-BASED INVESTMENT IN STUDENTS. WE FOCUS SQUARELY ON ENHANCING SUPPORT FOR STUDENTS LIVING WITH LOW AND MODERATE INCOMES, INCLUDING THROUGH PELL GRANTS, AND FUNDING TO SUPPORT NON-TUITION COSTS THAT INCLUDE BASIC NEEDS SUCH AS FOOD AND HOUSING.

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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 $8,525,255

Program Service Revenue $15,000

Investment Income $303,832

Other Revenue $17,073

TOTAL REVENUE $8,861,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,837,601

Fundraising Expenses $85,791

Program Expenses $3,215,906

Other Expenses $1,438,250

TOTAL EXPENSES $4,275,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,861,160	$2,116,794	+3.2%
Expenses	$4,275,851	$4,211,722	+0.0%
Net Income	$4,585,309	$-2,094,928	-3.2%

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

$546,541

Total Directors

Key Employees

$652,569

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARYELLEN MCGUIRE	BOARD MEMBER/CHAIR	1.00	Officer Director	$0	$0	$0
AJITA TALWALKER MENON	BOARD MEMBER/VICE CHAIR	1.00	Officer Director	$0	$0	$0
DENISA GANDARA	BOARD MEMBER/SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN BRIDGES	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER O NWOSU	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE KRAUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES LARIMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB OLCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA R TACHINE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE R WEISE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY MAMIE G VOIGHT	PRESIDENT & CEO	40.00	Officer	$279,625	$40,658	$320,283
TOLA FADEYI	CHIEF FINANCIAL OFFICER/TREASURER	40.00	Officer	$191,470	$34,788	$226,258
KELLY LEON	VP OF COMMS & GOVT AFFAIRS	40.00	Key Emp	$201,210	$29,544	$230,754
DIANE CHENG	VP OF RESEARCH & POLICY	40.00	Key Emp	$196,392	$20,799	$217,191
AMANDA JANICE ROBERSON	VP OF OPERATIONS	40.00	Key Emp	$169,960	$34,664	$204,624
ELEANOR PETERS	DIRECTOR OF RESEARCH AND POLICY	40.00	Highest	$133,850	$28,063	$161,913
SEAN TIERNEY	DIRECTOR OF RESEARCH AND POLICY	40.00	Highest	$127,796	$15,893	$143,689
KIMBERLY DANCY	ASSOCIATE DIR. OF RES. AND POLICY	40.00	Highest	$120,450	$17,221	$137,671

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	$8,861,160	$4,275,851	$15,823,577	$4,585,309
2023	$2,116,794	$4,211,722	$10,967,525	$-2,094,928
2022	$4,269,815	$4,176,214	$12,747,452	$93,601
2021	$8,483,043	$4,966,696	$12,264,735	$3,516,347
2020	$3,985,487	$5,649,309	$8,906,476	$-1,663,822
2019	$1,975,662	$5,141,740	$10,672,669	$-3,166,078
2018	$5,277,727	$4,016,801	$13,759,984	$1,260,926

THE INSTITUTE FOR HIGHER EDUCATION POLICY