ASSOCIATION FOR RESEARCH & ENLIGHTENMENT INC (EIN 540573802) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1931

Legal Domicile

Principal Officer

CASSIE MCQUAGGE

Phone

7574283588

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION FOR RESEARCH & ENLIGHTENMENT INC, founded in 1931, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.3M in total revenue in fiscal year 2018.

Mission

THE MISSION OF ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT (A.R.E.) IS TO CREATE OPPORTUNITIES FOR PROFOUND PERSONAL CHANGE IN BODY, MIND, AND SPIRIT THROUGH THE WISDOM FOUND IN THE EDGAR CAYCE MATERIAL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,175,244

Program Service Revenue $2,088,132

Investment Income $675,874

Other Revenue $447,064

TOTAL REVENUE $9,386,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,866,242

Fundraising Expenses $397,044

Program Expenses $5,755,835

Other Expenses $4,012,196

TOTAL EXPENSES $6,878,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,386,314	$6,398,650	+0.5%
Expenses	$6,878,438	$7,295,403	-0.1%
Net Income	$2,507,876	$-896,753	-3.8%

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

245

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

$648,129

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG KNUEVEN	TRUSTEE, BOARD CHAIR	1.25	Director	$0	$0	$0
MARIANNE SPLENDA	TRUSTEE, BOARD VICE CHAIR	1.25	Director	$0	$0	$0
GORGIANA ALONZO THROUGH JUNE 2023	TRUSTEE	1.25	Director	$0	$0	$0
BERNIE COOMES	TRUSTEE	1.25	Director	$0	$0	$0
VIRDELLA DENWIDDIE THROUGH JUNE 202	TRUSTEE	1.25	Director	$0	$0	$0
DONITA M KING	TRUSTEE	1.25	Director	$0	$0	$0
ALLISON MILLS-LONG	TRUSTEE	1.25	Director	$0	$0	$0
ANTHONY REDDIN ELECTED JUNE 2023	TRUSTEE	1.25	Director	$0	$0	$0
KEVIN REGER	TRUSTEE	1.25	Director	$0	$0	$0
JOHN SCHROEDER ELECTED JUNE 2023	TRUSTEE	1.25	Director	$0	$0	$0
JOY SCOTT ELECTED JUNE 2023	TRUSTEE	1.25	Director	$0	$0	$0
DIANNE STANFORD	TRUSTEE	1.25	Director	$0	$0	$0
ARTHUR P STRICKLAND	TRUSTEE	1.25	Director	$0	$0	$0
MARK THURSTON	TRUSTEE	1.25	Director	$0	$0	$0
KATHLEEN WELSCH	TRUSTEE	1.25	Director	$0	$0	$0
NICOLE CHARLES	EXECUTIVE DIRECTOR/CEO	38.50	Officer	$169,117	$10,989	$180,106
CASSIE MCQUAGGE	DIRECTOR - AVP	40.00	Officer	$83,903	$16,796	$100,699
JOHN VAN AUKEN	DIRECTOR	40.00	Officer	$71,655	$12,116	$83,771
ZAIRE MCCULLOUGH	DIRECTOR	40.00	Officer	$60,202	$16,567	$76,769
JESSICA NEWELL	DIRECTOR	40.00	Officer	$36,529	$1,133	$37,662
PATRICIA LACY	DIRECTOR - CO	40.00	Officer	$79,285	$15,320	$94,605
TIM DUCKWORTH	DIRECTOR	40.00	Officer	$73,381	$1,136	$74,517

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	No data	No data	No data	No data
2023	$9,386,314	$6,878,438	$20,011,577	$2,507,876
2022	$6,398,650	$7,295,403	$17,369,597	$-896,753
2021	$11,379,644	$7,399,592	$20,084,486	$3,980,052
2020	$7,355,197	$6,244,639	$16,473,808	$1,110,558
2019	$7,846,657	$7,985,519	$15,809,886	$-138,862
2018	$7,298,073	$7,412,241	$15,965,749	$-114,168

ASSOCIATION FOR RESEARCH & ENLIGHTENMENT INC