NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS

EIN: 530259954 501(c)(3)

WASHINGTON, DC

Total Revenue
$20,033,806
Total Expenses
$17,862,592
Total Assets
$37,464,023
Net Assets
$21,778,540
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
IL
Principal Officer
KARA D FREEMAN
Phone
2028612500
Tax Period
2024-06-01 to 2025-05-31

NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS, founded in 1956, is a mid-sized nonprofit that reported $20.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $17.9M left a modest 11% surplus.

Mission

THE USUAL PUBLIC ACTIVITITES OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVSERSITY BUSINESS OFFICERS (NACUBO) ARE TO DEVELOP, PROMOTE, AND IMPROVE BUSINESS AND FINANCIAL PRINCIPLES AND PRACTICES IN THE ADMINISTRATION OF INSTITUTIONS OF HIGHER EDUCATION AND TO FOSTER AMONG MEMBER INSTITUTIONS PROFESSIONAL IDEALS AND STANDARDS IN BUSINESS AND FINANCIAL ADMINISTRATION.NACUBO'S CORE MISSION IS TO IMPROVE FINANCIAL AND ADMINISTRATIVE MANAGEMENT AT INSTITUTIONS OF HIGHER EDUCATION. TO THIS END, NACUBO MARSHALS EXPERTISE, SHARES KNOWLEDGE, PROVIDES TECHNICAL ASSISTANCE, AND ENCOURAGES INNOVATION IN BUSINESS PRACTICES. AREAS OF FOCUS INCLUDE ACCOUNTING AND FINANCIAL MANAGEMENT INCLUDING ENDOWMENTS AND DEBT, TAXATION, STUDENT FINANCIAL SERVICES, AND BUSINESS OPERATIONS INCLUDING INFORMATION TECHNOLOGY AND FACILITIES MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $5,327,776 Revenue: $4,306,627

CONFERENCES, WORKSHOPS, AND SEMINARS:THE NACUBO ANNUAL MEETING IS THE MOST IMPORTANT PROFESSIONAL DEVELOPMENT EVENT OF THE YEAR FOR COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND THEIR STAFF. THE...

Read more

CONFERENCES, WORKSHOPS, AND SEMINARS:THE NACUBO ANNUAL MEETING IS THE MOST IMPORTANT PROFESSIONAL DEVELOPMENT EVENT OF THE YEAR FOR COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND THEIR STAFF. THE NACUBO 2024 ANNUAL MEETING TOOK PLACE IN CHICAGO, ILLINOIS. SESSION TOPICS INCLUDED: STRATEGIES FOR EFFECTIVE LEADERSHIP AND INNOVATIVE APPROACHES TO BUSINESS OFFICE CHALLENGES, STRATEGIC PLANNING, UNDERSTANDING AND NAVIGATING REGULATORY COMPLIANCE IN HIGHER EDUCATION, PLANNING AND BUDGETING IN HIGHER EDUCATION, ENTERPRISE RISK MANAGEMENT, COLLEGE ATHLETICS, MANAGING ORGANIZATIONAL CHANGE, ENDOWMENT MANAGEMENT, AND MANY OTHER TECHNICAL, MANAGERIAL, AND LEADERSHIP ISSUES.IN ADDITION TO THE ANNUAL MEETING, NACUBO CREATES AND DELIVERS A BROAD RANGE OF PROGRAMS, SERVICES, AND PRODUCTS THAT ARE DESIGNED TO STRENGTHEN THE ABILITIES AND KNOWLEDGE OF CAMPUS ADMINISTRATORS AT ALL LEVELS. NACUBO DEVELOPED A VARIETY OF ONLINE WORKSHOPS, WEBINARS, AND OTHER MATERIALS COVERING TOPICS IN THE FIELDS OF ACCOUNTING, HIGHER EDUCATION FINANCE, LEADERSHIP AND MANAGEMENT, TAX, STUDENT FINANCIAL SERVICES, CAMPUS OPERATIONS, AND TECHNOLOGY. NACUBO IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. NACUBO ADMINISTERS A CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT PROGRAM FOR CERTIFIED PUBLIC ACCOUNTANTS.

Program 2
Expenses: $4,190,090 Revenue: $0

MEMBER SERVICES:UNIVERSITIES - THE ASSOCIATION KEEPS MEMBERS INFORMED OF FEDERAL ACTIONS, SOLICITS MEMBER OPINIONS AND CONCERNS, AND ADVOCATES FOR THE BEST INTERESTS OF COLLEGES AND UNIVERSITIES WITH...

Read more

MEMBER SERVICES:UNIVERSITIES - THE ASSOCIATION KEEPS MEMBERS INFORMED OF FEDERAL ACTIONS, SOLICITS MEMBER OPINIONS AND CONCERNS, AND ADVOCATES FOR THE BEST INTERESTS OF COLLEGES AND UNIVERSITIES WITH CONGRESS AND FEDERAL AGENCIES. THE ASSOCIATIONS REPRESENTING VARIOUS HIGHER EDUCATION CONSTITUENCIES. IN ADDITION, NACUBO IS THE VOICE FOR HIGHER EDUCATION WITH THE VARIOUS BODIES THAT SET STANDARDS FOR ACCOUNTING PRACTICES, SUCH AS THE FINANCIAL ACCOUNTING STANDARDS BOARD, THE ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS, AND THE U.S. GENERAL ACCOUNTING OFFICE. RESEARCH - NACUBO UNDERTAKES BOTH ON-GOING LONGITUDINAL STUDIES IMPORTANT TO THE HIGHER EDUCATION INDUSTRY SUCH AS THE ASSOCIATION'S ANNUAL STUDY OF COLLEGE AND UNIVERSITY ENDOWMENTS AND SHORT SURVEYS OR RESEARCH ON SPECIFIC ISSUES OF CONCERN.GRANTS - NACUBO RECEIVED FUNDING FOR A GRANT TO SERVE ITS MEMBERS AND DEVELOP STRATEGIC FINANCE MODELS THAT PRIORITIZE AND SUSTAIN STUDENT EQUITY, SUCCESS, AND COMPLETION INITIATIVES. DURING THE THREE-YEAR GRANT, NACUBO WILL FACILITATE THE CREATION OF FRAMEWORKS, TOOLS, AND MODELS THAT CAN MOVE INSTITUTIONS TOWARDS SUSTAINABLE, INSTITUTION-WIDE FINANCIAL AND OPERATIONAL ACTIVITIES THAT INCREASE EQUITABLE OUTCOMES AND COMPLETION FOR STUDENTS. THE WORK WILL PARTICULARLY FOCUS ON WAYS TO INCREASE GUIDED PATHWAYS AND IMPROVE TRANSFER OUTCOMES.REGIONAL ASSOCIATIONS AND PARTNERSHIPS - NACUBO MANAGES AN ASSOCIATION MANAGEMENT SYSTEM THAT SERVES THE JOINT MEMBERSHIP OF THE NATIONAL ASSOCIATION AND ITS FOUR REGIONAL AFFILIATED ASSOCIATIONS (CACUBO, EACUBO, SACUBO AND WACUBO). THE SYSTEM CAPTURES A VARIETY OF DATA POINTS THAT ENABLE IMPROVED TRACKING OF INDIVIDUAL MEMBER ACTIVITY AND DUES BILLING AND COLLECTION PROCESSES. THIS DATABASE IS LINKED TO BOTH A CONTENT MANAGEMENT SYSTEM AND THE ASSOCIATION WEBSITE IMPROVING MEMBER SERVICE.AWARDS PROGRAM - NACUBO RECOGNIZES INSTITUTIONAL AND INDIVIDUAL EXCELLENCE THROUGH ITS AWARDS PROGRAM. THESE AWARDS WERE PRESENTED TO INDIVIDUALS WHO SHOWED OUTSTANDING ACHIEVEMENT AND EXEMPLARY PERFORMANCE IN THE AREAS OF FINANCIAL MANAGEMENT, ENDOWMENT MANAGEMENT, PROFESSIONAL DEVELOPMENT AND MORE. INSTITUTIONS WERE RECOGNIZED THAT DEMONSTRATED INNOVATION IN THE AREAS OF PROCESS IMPROVEMENT AND RESOURCE ENHANCEMENT.

Program 3
Expenses: $2,834,478 Revenue: $0

ADVOCACY AND POLICY:NACUBO'S ADVOCACY AND PUBLIC POLICY TEAM TRACKS FEDERAL LEGISLATIVE AND REGULATORY ACTIVITIES THAT COULD IMPACT MEMBER INSTITUTIONS AND THE STUDENTS THAT THEY SERVE. THE TEAM'S...

Read more

ADVOCACY AND POLICY:NACUBO'S ADVOCACY AND PUBLIC POLICY TEAM TRACKS FEDERAL LEGISLATIVE AND REGULATORY ACTIVITIES THAT COULD IMPACT MEMBER INSTITUTIONS AND THE STUDENTS THAT THEY SERVE. THE TEAM'S FOCUS IS TO REPRESENT AND SERVE THE DIVERSE NEEDS OF THE COLLEGE AND UNIVERSITY BUSINESS OFFICE. KEY ACTIVITIES INCLUDE ADVOCACY BEFORE LEGISLATORS AND STAFF, EXECUTIVE BRANCH STAFF, AND OTHER POLICYMAKERS AS WELL AS PARTICIPATION IN ADVOCACY COALITIONS. IT ALSO INCLUDES COMMUNICATING POLICY AND RELEVANT HIGHER EDUCATION SECTOR UPDATES TO NACUBO MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,400,026
Program Service Revenue $6,018,510
Investment Income $2,436,759
Other Revenue $178,511
TOTAL REVENUE $20,033,806

Expense Breakdown

Grants Paid $119,100
Salaries & Benefits $7,532,301
Fundraising Expenses $876,608
Program Expenses $14,262,960
Other Expenses $10,211,191
TOTAL EXPENSES $17,862,592

Year-over-Year Comparison

2024 2023 Change
Revenue $20,033,806 $16,387,304 +0.2%
Expenses $17,862,592 $17,325,943 +0.0%
Net Income $2,171,214 $-938,639 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
23
Independent Members
22
Employees
57
Volunteers
22

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
9
$1,794,367
Total Directors
29
$637,963
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARA FREEMAN PRESIDENT & CEO 35.00
Officer Director
$564,898 $73,065 $637,963
LAURA HUBBARD ACTING CHAIR & VICE CHAIR 1.00
Officer Director
$0 $0 $0
RUSS HANNAH IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
TASHNI-ANN DUBROY BOARD VICE CHAIR (UNTIL 12/24) 1.00
Officer Director
$0 $0 $0
DARRELL DUNCAN SECRETARY 1.00
Officer Director
$0 $0 $0
CHOI HALLADAY DIRECTOR 1.00
Director
$0 $0 $0
ANGELA BLANTON DIRECTOR (UNTIL 07/24) 1.00
Director
$0 $0 $0
BRAD BACA DIRECTOR (UNTIL 07/24) 1.00
Director
$0 $0 $0
BRETT SWEET DIRECTOR 1.00
Director
$0 $0 $0
CLAIR KNAPP DIRECTOR (UNTIL 07/24) 1.00
Director
$0 $0 $0
DAWN ALSTON DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE MULLER DIRECTOR 1.00
Director
$0 $0 $0
ELLEN HERBST DIRECTOR 1.00
Director
$0 $0 $0
GUADALUPE VALENCIA-SKANES DIRECTOR 1.00
Director
$0 $0 $0
JAMES S MATTEO DIRECTOR 1.00
Director
$0 $0 $0
JOHN W CRAWFORD DIRECTOR (UNTIL 07/24) 1.00
Director
$0 $0 $0
JOSE C RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
KELLY FOX DIRECTOR (UNTIL 07/24) 1.00
Director
$0 $0 $0
MARK VOLPATTI DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL D VOLNA DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CLUNE DIRECTOR 1.00
Director
$0 $0 $0
NOEL A SLOAN DIRECTOR 1.00
Director
$0 $0 $0
RAYSA LEE-GRAY DIRECTOR 1.00
Director
$0 $0 $0
ROBYN PENNIGTON DIRECTOR 1.00
Director
$0 $0 $0
ROMAYNE L BOTTI DIRECTOR 1.00
Director
$0 $0 $0
SARA F THORNDIKE DIRECTOR 1.00
Director
$0 $0 $0
SHANTAY BOLTON DIRECTOR 1.00
Director
$0 $0 $0
SHARI MAYER DIRECTOR 1.00
Director
$0 $0 $0
STEVEN MANDEVILLE DIRECTOR 1.00
Director
$0 $0 $0
TADELETCH YIMAM VP, OPERATIONS & MEMBER ENGAGEMENT 35.00
Officer
$238,859 $33,497 $272,356
TIMOTHY ROBERSON VP, LEADERSHIP DEVELOPMENT 35.00
Officer
$189,597 $34,667 $224,264
ELIZABETH CLARK VP, POLICY & RESEARCH 35.00
Officer
$247,849 $28,397 $276,246
TIMOTHY J MCDONOUGH SENIOR VP FOR STRATEGIC PARTNERSHIP 35.00
Officer
$307,864 $75,674 $383,538
KELLI RAINEY SR DIR, STUDENT SUCCESS INITIATIVES 35.00
Highest
$157,811 $27,897 $185,708
LINDSAY WAYT SR DIR, BUSINESS INTELLIGENCE 35.00
Highest
$139,520 $24,317 $163,837
SUSAN MENDITTO SENIOR DIRECTOR, ACCOUNTING POLICY 35.00
Highest
$192,634 $40,226 $232,860
KASH'KA FAIN INFORMATION TECHNOLOGY 35.00
Highest
$159,286 $27,052 $186,338
KENNETH REDD SR DIR, RESEARCH & POLICY ANALYSIS 35.00
Highest
$138,729 $30,604 $169,333
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 $20,033,806 $17,862,592 $37,464,023 $2,171,214
2024 $16,387,304 $17,325,943 $39,795,703 $-938,639
2023 $17,490,386 $16,629,168 $34,866,804 $861,218
2022 $19,712,645 $12,636,957 $30,694,720 $7,075,688
2021 $12,479,810 $11,154,742 $26,631,746 $1,325,068
2020 $16,896,763 $15,076,312 $21,257,129 $1,820,451
2019 $17,099,921 $18,121,953 $21,244,611 $-1,022,032
2018 $16,906,777 $17,526,066 $22,646,484 $-619,289
Explore More Nonprofits
Top 100 Nonprofits in District of Columbia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS with other nonprofits in District of Columbia and across the country.