American Assn of Family and Consum… - 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

1909

Legal Domicile

Principal Officer

Karin Athanas

Phone

7037064600

Tax Period

2024-01-01 to 2024-12-31

American Assn of Family and Consumer Sciences, founded in 1909, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 12% surplus.

Mission

AAFCS elevates the profession by inspiring research, leadership, and service to empower individuals, families, and communities.

Program Service Accomplishments

Program 1

Expenses: $513,431 Revenue: $190,906

Professional Development: The AAFCS delivered professional development to family and consumer sciences professionals and post-secondary students, and education on family and consumer sciences through our annual conference, fall leadership workshop, and through online virtual professional development modules and downloadable materials. Many of our downloadable materials were made free to download on our website, increasing their impact on communities. A new online platform was secured for ease, quality, and efficiency of delivering virtual professional development.

Program 2

Expenses: $449,512 Revenue: $855,716

Accreditation and Certification: AAFCS certifies family and consumer sciences professionals and pre-professionals through competency-based assessments, confirming the competence of those attaining...

Accreditation and Certification: AAFCS certifies family and consumer sciences professionals and pre-professionals through competency-based assessments, confirming the competence of those attaining the industry-based credential. During 2024, the professional standards and assessments for three content areas were updated. Accreditation was granted to family and consumer sciences units within colleges and universities that meet quality standards established by the Council for Accreditation.

Program 3

Expenses: $217,226 Revenue: $42,384

FCS Education and Awareness: AAFCS published four issues of the Journal of Family & Consumer Sciences (JFCS) and the Consumer Sciences Research Journal (FCSRJ), distributed weekly FCS feature friday postings which spotlight programs, services, members, and more, launched a weeklong celebration of FCS week, published a bi-monthly FCS Newsletter, and developed educational resources including webinars, one-pagers, information sheets, and webpages to educate FCS professionals and the communities they serve.

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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 $82,752

Program Service Revenue $1,312,928

Investment Income $479,044

Other Revenue $143,016

TOTAL REVENUE $2,017,740

Expense Breakdown

Grants Paid $25,250

Salaries & Benefits $718,320

Fundraising Expenses $0

Program Expenses $1,294,104

Other Expenses $1,033,971

TOTAL EXPENSES $1,777,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,017,740	$2,023,635	0.0%
Expenses	$1,777,541	$1,621,656	+0.1%
Net Income	$240,199	$401,979	-0.4%

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

$168,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karin Athanas	Executive Director	40.00	Officer	$151,474	$17,026	$168,500
Deborah Handy	Director-At-Large	5.00	Director	$0	$0	$0
Sharon Pate	Director-At-Large	5.00	Director	$0	$0	$0
Margaret Jenkins	Director-At-Large	5.00	Director	$0	$0	$0
Landon Calderwood	Director-At-Large	5.00	Director	$0	$0	$0
Debra Andres	Past President	5.00	Officer Director	$0	$0	$0
Barbara Stewart	President	5.00	Officer Director	$0	$0	$0
Cara Winston Simmons	President-Elect	5.00	Officer Director	$0	$0	$0
Menia Chester	Treasurer	5.00	Officer Director	$0	$0	$0

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	$2,017,740	$1,777,541	$10,397,762	$240,199
2023	$2,023,635	$1,621,656	$9,662,162	$401,979
2022	$1,870,844	$1,379,515	$8,875,856	$491,329
2021	$2,027,358	$1,112,890	$9,840,966	$914,468
2020	$634,653	$817,825	$8,494,289	$-183,172
2020	$1,378,659	$1,727,926	$7,750,188	$-349,267
2018	$2,366,973	$1,780,194	$7,979,354	$586,779

American Assn of Family and Consumer Sciences