SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS INC (EIN 580566240) - 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

1963

Legal Domicile

Principal Officer

LISA M ROBINSON

Phone

4046794500

Tax Period

2024-07-01 to 2025-06-30

SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS INC, founded in 1963, is a micro nonprofit in the Education sector that reported $11K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $5K, a strong 43% operating margin.

Mission

TO IMPROVE EDUCATION IN THE SOUTHERN REGION OF THE U.S. THROUGH ACCREDITATION WITH THE COOPERATIVE EFFORTS OF COLLEGES, SCHOOLS, AND RELATED AGENCIES.

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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 $5,300

Program Service Revenue $0

Investment Income $5,629

Other Revenue $0

TOTAL REVENUE $10,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,226

TOTAL EXPENSES $6,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,929	$9,607	+0.1%
Expenses	$6,226	$5,226	+0.2%
Net Income	$4,703	$4,381	+0.1%

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

N/A

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

$989,171

Total Directors

$989,171

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BELLE S WHEELAN	PRESIDENT	1.00	Officer Director	$0	$50,673	$690,097
MS LISA ROBINSON	CHIEF ADMINISTRATIVE OFFIC	2.00	Officer Director	$0	$51,129	$299,074
DR MARK ELGART	TRUSTEE	1.00	Director	$0	$0	$0
DR JOHN CAPPS	TRUSTEE	1.00	Director	$0	$0	$0
DR EUGENE G WHITE	TRUSTEE	1.00	Director	$0	$0	$0
MS KAREN COWE	TRUSTEE	1.00	Director	$0	$0	$0
MR BLAINE HANSEN	TRUSTEE	1.00	Director	$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	$10,929	$6,226	$1,289,282	$4,703
2024	No data	No data	No data	No data
2023	$16,218	$11,662	$1,231,452	$4,556
2022	$9,796	$3,000	$1,220,285	$6,796
2021	$14,377	$2,000	$1,684,685	$12,377
2020	$7,544	$1,800	$1,783,103	$5,744
2019	$5,085	$1,500	$1,668,114	$3,585
2018	$1,643	$1,643	$1,614,945	No data

SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS INC