CONCORD UNIVERSITY ALUMNI ASSOCIAT… - 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

1951

Legal Domicile

Principal Officer

BLAKE FARMER

Phone

3043845348

Tax Period

2022-07-01 to 2023-06-30

CONCORD UNIVERSITY ALUMNI ASSOCIATION INC, founded in 1951, is a micro nonprofit in the Education sector that reported $18K in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 127% operating deficit.

Mission

PROMOTION OF CONCORD UNIVERSITY THROUGH ALUMNUS PROVIDING SCHOLARSHIPS AND SUPPORT SERVICES FOR THE INSTITUTION

Program Service Accomplishments

Program 1

Expenses: $39,718 Revenue: $17,988

To organize and conduct activities that will perpetuate pleasant memories and friendships among alumni, faculty, students, and friends of the University and to engage in activities that will support...

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,988

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,988

Expense Breakdown

Grants Paid $31,450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,718

Other Expenses $9,461

TOTAL EXPENSES $40,911

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,988	$24,949	-0.3%
Expenses	$40,911	$9,681	+3.2%
Net Income	$-22,923	$15,268	-2.5%

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
BLAKE FARMER	DIRECTOR	5	Director	$0	$0	$0
JARED TICE	PRESIDENT	1	Officer	$0	$0	$0
MELANIE FARMER	FIRST VICE PRESIDENT	1	Officer	$0	$0	$0
TERESA FREY	SECOND VICE PRESIDENT	1	Officer	$0	$0	$0
LISA DARLINGTON	SECRETARY	1	Officer	$0	$0	$0
SHEA BOOTHE	TREASURER	1	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
2023	$17,988	$40,911	$24,718	$-22,923
2022	$24,949	$9,681	$47,641	$15,268
2021	$19,146	$6,377	$32,373	$12,769
2019	$63,417	$77,731	$1,223,841	$-14,314

CONCORD UNIVERSITY ALUMNI ASSOCIATION INC