SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS

EIN: 581575818 501(c)(3) Community Improvement

NORTH MYRTLE BEACH, SC

Total Revenue
$512,302
Total Expenses
$469,865
Total Assets
$1,123,488
Net Assets
$1,123,488
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
GA
Principal Officer
JOAN BAILEY
Phone
8645062195
Tax Period
2024-07-01 to 2025-06-30

SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $512K in total revenue in fiscal year 2024. Expenses of $470K left a modest 8% surplus.

Mission

THE SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS (SASFAA) IS AN ORGANIZATION DEDICATED TO ASSISTING STUDENTS, PARENTS, INSTITUTIONS AND AGENCIES WITH THE DISSEMINATION OF INFORMATION RELATED TO THE DISTRIBUTION OF FINANCIAL AID. WE REPRESENT NINE SOUTHERN STATES - ALABAMA, FLORIDA, GEORGIA, KENTUCKY, MISSISSIPPI, NORTH CAROLINA, SOUTH CAROLINA, TENNESSEE AND VIRGINIA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,475
Program Service Revenue $448,670
Investment Income $46,597
Other Revenue $3,560
TOTAL REVENUE $512,302

Expense Breakdown

Grants Paid $14,964
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $421,152
Other Expenses $454,901
TOTAL EXPENSES $469,865

Year-over-Year Comparison

2024 2023 Change
Revenue $512,302 $501,966 +0.0%
Expenses $469,865 $420,879 +0.1%
Net Income $42,437 $81,087 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
85

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
6
$0
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEIGH ANN HUSSEY PRESIDENT 5.00
Officer Director
$0 $0 $0
JOAN BAILEY PRESIDENT-EL 5.00
Officer Director
$0 $0 $0
DANIEL BARKOWITZ PAST PRESIDE 5.00
Officer Director
$0 $0 $0
KATIE CONRAD VICE-PRESIDE 5.00
Officer Director
$0 $0 $0
NANCY FERGUSON SECRETARY 5.00
Officer Director
$0 $0 $0
CAROLYN SPARKS TREASURER 5.00
Officer Director
$0 $0 $0
TAYLOR HILYER ALABAMA STAT 5.00
Director
$0 $0 $0
MIA MWANGO FLORIDA STAT 5.00
Director
$0 $0 $0
EMMILEE MITCHELL GEORGIA STAT 5.00
Director
$0 $0 $0
ROBYN SOLLBERGER KENTUCKY STA 5.00
Director
$0 $0 $0
KARI DEDWYLDER MISSISSIPPI 5.00
Director
$0 $0 $0
LEE BRAY N.CAROLINA S 5.00
Director
$0 $0 $0
JW KELLAM S.CAROLINA S 5.00
Director
$0 $0 $0
SAMANTHA SULLIVAN TENNESSEE ST 5.00
Director
$0 $0 $0
ANDEREW QUINN VIRGINIA STA 5.00
Director
$0 $0 $0
SARAH BAUMHOFF BUDGET & FIN 5.00
Director
$0 $0 $0
LEAH LOUALLEN CONFERENCE C 5.00
Director
$0 $0 $0
CHANSONE DURDEN EQ INCL & GI 5.00
Director
$0 $0 $0
RODNEY WALTON EQ INCL & GI 5.00
Director
$0 $0 $0
MICHELLE HEMMER COMM & OUTRE 5.00
Director
$0 $0 $0
KAITLYN LAMBERT ELEC SERVICE 5.00
Director
$0 $0 $0
RACHELLE FELDMAN LEGISLATIVE 5.00
Director
$0 $0 $0
MARK MESSINGSCHLAGER MEMBERSHIP C 5.00
Director
$0 $0 $0
CELENA TULLOSS SITE SELECTI 5.00
Director
$0 $0 $0
BIZ DANIEL SPONSORSHIP 5.00
Director
$0 $0 $0
CHAD SARTINI SPONSORSHIP 5.00
Director
$0 $0 $0
BILL AYERS SPECIAL PROJ 5.00
Director
$0 $0 $0
MARIAN DILL ASSOC GOVERN 5.00
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 $512,302 $469,865 $1,123,488 $42,437
2024 $501,966 $420,879 $1,081,051 $81,087
2023 $362,808 $366,916 $999,964 $-4,108
2022 $295,049 $297,045 $1,004,072 $-1,996
2021 $198,955 $82,381 $1,006,068 $116,574
2020 $290,923 $236,310 $889,494 $54,613
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