ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS

EIN: 521829463 501(c)(3)

PT CHARLOTTE, FL

Total Revenue
$141,259
Total Expenses
$4,196,251
Total Assets
$508,460
Net Assets
$508,460
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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
1912
Legal Domicile
VA
Principal Officer
MICHELLE EDWARDS
Phone
2023366780
Tax Period
2023-07-01 to 2024-06-30

ACCREDITING COUNCIL FOR INDEPENDENT COLLEGES AND SCHOOLS, founded in 1912, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 2871% operating deficit.

Mission

TO ADVANCE EDUCATIONAL EXCELLENCE AT INDEPENDENT, NONPUBLIC CAREER SCHOOLS, COLLEGES, AND ORGANIZATIONS IN THE UNITED STATES AND ABROAD. THIS IS ACHIEVED THROUGH A DELIBERATE AND THOROUGH ACCREDITATION PROCESS OF QUALITY ASSURANCE AND ENHANCEMENT AS WELL AS ETHICAL BUSINESS AND EDUCATIONAL PRACTICE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $133,974
Other Revenue $7,285
TOTAL REVENUE $141,259

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,840,251
Fundraising Expenses $0
Program Expenses $721,901
Other Expenses $2,356,000
TOTAL EXPENSES $4,196,251

Year-over-Year Comparison

2023 2022 Change
Revenue $141,259 $466,883 -0.7%
Expenses $4,196,251 $1,726,399 +1.4%
Net Income $-4,054,992 $-1,259,516 +2.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
4
Volunteers
5

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
6
$376,244
Total Directors
5
$3,000
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILLY FERRELL CHAIR 1.00
Officer Director
$750 $0 $750
PATSY GOODWIN-ROBLES VICE CHAIR 1.00
Officer Director
$750 $0 $750
DAVID TENEYUCA TREASURER 1.00
Officer Director
$750 $0 $750
SHANNON GROFF ASSISTANT TREASURER 1.00
Officer Director
$750 $0 $750
VICTOR MOLERO ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELLE EDWARDS PRESIDENT & CEO 37.50
Officer
$284,100 $89,144 $373,244
ROXANNE ROPKO DIRECTOR OF OPERATIONS 37.50
Highest
$182,101 $56,534 $238,635
KARLY ZEIGLER DIRECTOR OF ACCREDITATION 37.50
Highest
$141,549 $73,610 $215,159
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 $141,259 $4,196,251 $508,460 $-4,054,992
2023 $466,883 $1,726,399 $4,742,870 $-1,259,516
2022 $1,002,205 $2,101,297 $6,003,661 $-1,099,092
2021 $1,727,803 $2,971,161 $8,593,876 $-1,243,358
2020 $2,421,132 $3,569,627 $9,294,143 $-1,148,495
2019 $3,549,659 $5,961,302 $10,999,204 $-2,411,643
2018 $4,628,786 $6,194,424 $13,641,258 $-1,565,638
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