ATLANTIC UNIVERSITY

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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

1930

Legal Domicile

Principal Officer

CASSIE MCQUAAGE

Phone

7576318101

Tax Period

2023-01-01 to 2023-12-31

ATLANTIC UNIVERSITY, founded in 1930, is a small nonprofit in the Education sector that reported $456K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 25% operating margin.

Mission

ATLANTIC UNIVERSITY'S MISSION IS TO PROVIDE A HIGH-QUALITY GRADUATE-LEVEL DISTANCE EDUCATION FOR ADULT LEARNERS THAT INTEGRATES BODY, MIND, AND SPIRIT TO HELP PEOPLE ACHIEVE HIGHER HUMAN POTENTIAL AND TRANSFORM THEIR LIVES, BETTER UNDERSTAND THEIR RELATIONSHIP TO ALL LIFE, AND BE OF PROFOUND SERVICE TO OTHERS.

Program Service Accomplishments

Program 1

Expenses: $337,074 Revenue: $205,962

ATLANTIC UNIVERSITY HAD A STEADY 2023 ACADEMIC YEAR, MEETING BUDGETS AND ENROLLMENT EXPECTATIONS. RECRUITMENT AND RETENTION REMAINED STRONG. NUMEROUS COURSES WERE UPDATED AND IMPROVED AND NEW FACULTY WERE RECRUITED. OUTCOMES ASSESSMENTS CONTINUE TO PROVIDE EVIDENCE OF STUDENTS ACHIEVING LEARNING OUTCOMES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $232,365

Program Service Revenue $205,962

Investment Income $17,611

Other Revenue $0

TOTAL REVENUE $455,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,926

Fundraising Expenses $962

Program Expenses $337,074

Other Expenses $207,995

TOTAL EXPENSES $340,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$455,938	$360,327	+0.3%
Expenses	$340,921	$344,675	0.0%
Net Income	$115,017	$15,652	+6.3%

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

$264,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG KNUEVEN	TRUSTEE, BOARD CHAIR	0.75	Director	$0	$0	$0
MARIANNE SPLENDA	TRUSTEE, BOARD VICE CHAIR	0.75	Director	$0	$0	$0
GORGIANA ALONZO THROUGH JUNE 2023	TRUSTEE	0.75	Director	$0	$0	$0
BERNIE COOMES	TRUSTEE	0.75	Director	$0	$0	$0
VIRDELLA DENWIDDIE THROUGH JUNE 202	TRUSTEE	0.75	Director	$0	$0	$0
DONITA M KING	TRUSTEE	0.75	Director	$0	$0	$0
ALISON MILLS-LONG	TRUSTEE	0.75	Director	$0	$0	$0
ANTHONY REDDIN ELECTED JUNE 2023	TRUSTEE	0.75	Director	$0	$0	$0
KEVIN REGER	TRUSTEE	0.75	Director	$0	$0	$0
JOHN SCHROEDER ELECTED JUNE 2023	TRUSTEE	0.75	Director	$0	$0	$0
JOY SCOTT ELECTED JUNE 2023	TRUSTEE	0.75	Director	$0	$0	$0
DIANNE STANFORD	TRUSTEE	0.75	Director	$0	$0	$0
ARTHUR P STRICKLAND	TRUSTEE	0.75	Director	$0	$0	$0
MARK THURSTON	TRUSTEE	0.75	Director	$0	$0	$0
KATHLEEN WELSCH	TRUSTEE	0.75	Director	$0	$0	$0
NICOLE CHARLES	EXECUTIVE DIRECTOR/CEO	1.50	Officer	$0	$10,989	$180,106
JAMES VAN AUKEN	VICE PRESIDENT/DIRECTOR	26.00	Officer	$39,072	$10,626	$49,698
MICHELLE MCNEAR	DIRECTOR - DEAN	40.00	Officer	$19,231	$0	$34,231

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	$455,938	$340,921	$874,659	$115,017
2022	$360,327	$344,675	$643,991	$15,652
2021	$468,916	$384,981	$599,474	$83,935
2020	$411,676	$383,258	$582,640	$28,418
2019	$456,035	$445,814	$582,932	$10,221
2018	$500,696	$400,548	$510,781	$100,148