ASSOCIATED COLLEGES OF THE SOUTH INC (EIN 581948807) - 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

1991

Legal Domicile

Principal Officer

ELIZABETH DAVIS

Phone

4046369533

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATED COLLEGES OF THE SOUTH INC, founded in 1991, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 60% operating deficit.

Mission

THE ASSOCIATED COLLEGES OF THE SOUTH SEEKS TO CHAMPION AND ENHANCE RESIDENTIAL LIBERAL ARTS EDUCATION THROUGH COLLABORATIVE PROJECTS AMONG ITS SIXTEEN MEMBER INSTITUTIONS.

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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 $652,500

Program Service Revenue $253,818

Investment Income $130,134

Other Revenue $34,300

TOTAL REVENUE $1,070,752

Expense Breakdown

Grants Paid $498,560

Salaries & Benefits $678,832

Fundraising Expenses $81,862

Program Expenses $1,273,459

Other Expenses $533,168

TOTAL EXPENSES $1,710,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,070,752	$1,855,753	-0.4%
Expenses	$1,710,560	$1,844,837	-0.1%
Net Income	$-639,808	$10,916	-59.6%

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

$398,612

Total Directors

$232,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVER DOUGLAS WOFFORD	CFO/SVP OPERATI	40.00	Officer	$116,352	$49,637	$165,989
ANNA D WARSHAW	President	40.00	Officer Director	$115,000	$34,692	$149,692
STEPHANIE FABRITIUS	IMM PAST CHAIR	10.00	Officer Director	$64,039	$18,892	$82,931
DOUGLAS HICKS	CURRENT CHAIR	0.50	Officer Director	$0	$0	$0
MILTON C MORELAND	IMM PAST CHAIR	0.50	Officer Director	$0	$0	$0
ELIZABETH DAVIS	INCOMING CHAIR	0.50	Officer Director	$0	$0	$0
CHRISTOPHER HOLOMAN	Director	0.25	Director	$0	$0	$0
KAREN K PETERSEN	Director	0.25	Director	$0	$0	$0
FRANK NEVILLE	Director	0.25	Director	$0	$0	$0
DAVID A THOMAS	Director	0.25	Director	$0	$0	$0
JENNIFER M COLLINS	Director	0.25	Director	$0	$0	$0
GRANT H CORNWELL	Director	0.25	Director	$0	$0	$0
ROBERT W PEARIGEN	Director	0.25	Director	$0	$0	$0
LAURA E SKANDERA TROMBLEY	Director	0.25	Director	$0	$0	$0
ROSALIND BREWER	Director	0.25	Director	$0	$0	$0
VANESSA BEASLEY	Director	0.25	Director	$0	$0	$0
KEVIN F HALLOCK	Director	0.25	Director	$0	$0	$0
WILLIAM DUDLEY	Director	0.25	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	$1,070,752	$1,710,560	$5,325,906	$-639,808
2024	$1,855,753	$1,844,837	$5,621,453	$10,916
2023	$1,135,802	$1,636,758	$5,525,810	$-500,956
2022	$2,469,203	$1,168,692	$5,730,607	$1,300,511
2021	$857,191	$978,427	$4,989,601	$-121,236
2020	$934,494	$1,066,214	$4,870,034	$-131,720
2019	$880,945	$1,358,598	$5,108,242	$-477,653
2018	$782,284	$1,589,190	$5,505,564	$-806,906

ASSOCIATED COLLEGES OF THE SOUTH INC