MILLER SCHOOL ALUMNI ASSOCIATION I… - 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

1993

Legal Domicile

Phone

4349733239

Tax Period

2025-01-01 to 2025-12-31

MILLER SCHOOL ALUMNI ASSOCIATION INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $364K in total revenue in fiscal year 2025. Revenue surged 165% from the prior year, signaling strong growth momentum. The organization ran a surplus of $267K, a strong 73% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT TO THE STUDENTS, BUILDING FUND, AND LIBRARY FUND OF MILLER SCHOOL OF ALBEMARLE INC. A QUALIFYING EDUCATIONAL INSTITUTION.

Program Service Accomplishments

Program 1

Expenses: $65,586

ALUMNI FOUNDATION/TRUST OF MILLER SCHOOL, SCHOLARSHIP FUND - THE PURPOSE OF THE FUND IS TO SUPPORT A STUDENT OF THE MILLER SCHOOL WHO HAS BEEN DETERMINED TO QUALIFY FOR FULL NEED-BASED FINANCIAL AID, WITH THE FUND PROVIDING AT LEAST 51% OF THE PUBLISHED TUITION RATES FOR A BOARDING STUDENT. ELIGIBLE STUDENTS MUST BE A BOARDING STUDENT FROM ALBEMARLE COUNTY OR CHARLOTTESVILLE CITY, OR THE CONTIGUOUS COUNTIES THAT SHARE A COMMON BORDER WITH ALBEMARLE COUNTY SHOULD THERE NOT BE AN ELIGIBLE STUDENT FROM CHARLOTTESVILLE CITY OR ALBEMARLE COUNTY. THE NEED OF THE STUDENT IS DETERMINED BY A THIRD-PARTY INDEPENDENT AGENCY.

Program 2

Expenses: $17,857

LIFE MEMBERSHIP FUND - THE PURPOSE OF THIS FUND IS TO PROVIDE A PERPETUAL SOURCE OF FUNDING TO THE MILLER SCHOOL OF ALBEMARLE TO USE AT ITS DISCRETION. THE ACCEPTED AND CURRENT PRACTICE IS TO GIVE...

LIFE MEMBERSHIP FUND - THE PURPOSE OF THIS FUND IS TO PROVIDE A PERPETUAL SOURCE OF FUNDING TO THE MILLER SCHOOL OF ALBEMARLE TO USE AT ITS DISCRETION. THE ACCEPTED AND CURRENT PRACTICE IS TO GIVE THE FUNDING TO THE HEAD OF SCHOOL, WHO DETERMINES THE MOST APPROPRIATE USE OF THE FUNDS TO HELP THE SCHOOL ACCOMPLISH ITS GOALS. THE FUNDING FOR THIS ENDOWMENT IS DERIVED FROM THE FULL DISTRIBUTION OF LIFE MEMBERSHIP DUES INTO THE FUND.

Program 3

Expenses: $6,637

BEALE FUND - THE PURPOSE OF THE FUND IS TO PROVIDE A PERPETUAL SOURCE OF FUNDING TO SUPPORT THE MILLER SCHOOL LIBRARY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,600

Program Service Revenue $0

Investment Income $356,376

Other Revenue $0

TOTAL REVENUE $363,976

Expense Breakdown

Grants Paid $93,936

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,936

Other Expenses $3,500

TOTAL EXPENSES $97,436

Year-over-Year Comparison

	2025	2024	Change
Revenue	$363,976	$137,448	+1.6%
Expenses	$97,436	$145,430	-0.3%
Net Income	$266,540	$-7,982	-34.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Graves	Director	2.00	Director	$0	$0	$0
Chris Fortier	Director	2.00	Director	$0	$0	$0
John Elkins	Director	2.00	Director	$0	$0	$0
Rodney Southall	Director	2.00	Director	$0	$0	$0
Peter Kessler	Director	2.00	Director	$0	$0	$0
David Maupin	Director	2.00	Director	$0	$0	$0
Patton Carr	President	5.00	Officer	$0	$0	$0
Scott McStacy	Vice President	5.00	Officer	$0	$0	$0
Jacob Skipper	Secretary	5.00	Officer	$0	$0	$0
Ben Skipper	Treasurer	5.00	Officer	$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
2025	$363,976	$97,436	$2,334,990	$266,540
2024	$137,448	$145,430	$2,166,297	$-7,982
2023	$190,132	$85,581	$2,095,021	$104,551
2022	$43,308	$102,564	$1,888,505	$-59,256
2020	$43,849	$31,182	$2,161,380	$12,667
2019	$74,206	$78,709	$1,767,304	$-4,503
2018	$7,634	$62,888	$1,482,343	$-55,254

MILLER SCHOOL ALUMNI ASSOCIATION INC