NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS (EIN 530259954) - 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

1956

Legal Domicile

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

TO IMPROVE FINANCIAL AND ADMINISTRATIVE MANAGEMENT AT INSTITUTIONS OF HIGHER EDUCATION.

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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 $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

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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

$1,794,367

Total Directors

$637,963

Key Employees

Highest Compensated

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

NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS