INTERNATIONAL ASSOCIATION OF LAW S… - 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

2003

Legal Domicile

Principal Officer

PROF FRANCIS SL WANG

Phone

7072592811

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF LAW SCHOOLS, founded in 2003, is a small nonprofit in the Education sector that reported $329K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 24% operating margin.

Mission

FORM 990, PART I , LINE 1, DESCRIPTION OF ORGANIZATION MISSION.

Program Service Accomplishments

Program 1

Expenses: $14,189 Revenue: $0

THE ASSOCIATION HAS 11 DOCTRINAL STUDY GROUPS FOR FACULTY MEMBERS. THEY COVER THE 11 BASIC LEGAL AREAS - CONTRACTS, PROPERTY, CIVIL PROCEDURE, ETC. EACH GROUP STUDIES, RESEARCHES, DELIBERATES, AND...

THE ASSOCIATION HAS 11 DOCTRINAL STUDY GROUPS FOR FACULTY MEMBERS. THEY COVER THE 11 BASIC LEGAL AREAS - CONTRACTS, PROPERTY, CIVIL PROCEDURE, ETC. EACH GROUP STUDIES, RESEARCHES, DELIBERATES, AND PUBLISHES THEIR WORK THROUGH A RIGOROUS PEER REVIEW PROCESS.

Program 2

Expenses: $13,015 Revenue: $0

THE ASSOCIATION CONDUCTS A VARIETY OF PROGRAMS TO ENGAGE LAW STUDENTS AND SURVEY THEIR OPINIONS AND PERSPECTIVES ON THE LEGAL EDUCATION THEY ARE RECEIVING. LAW STUDENTS ASSIST IN THE WORK OF THE...

THE ASSOCIATION CONDUCTS A VARIETY OF PROGRAMS TO ENGAGE LAW STUDENTS AND SURVEY THEIR OPINIONS AND PERSPECTIVES ON THE LEGAL EDUCATION THEY ARE RECEIVING. LAW STUDENTS ASSIST IN THE WORK OF THE ASSOCIATION.

Program 3

Expenses: $73,260

THE ASSOCIATION CONTINUES TO STUDY, INCENTIVIZE, AND ESTABLISH GUIDELINES ON FOR INNOVATIVE TEACHING TECHNIQUES. THE EVALUATION, ASSISTANCE, AND CERTIFICATION PROGRAM ESTABLISHES PEER REVIEW AND...

THE ASSOCIATION CONTINUES TO STUDY, INCENTIVIZE, AND ESTABLISH GUIDELINES ON FOR INNOVATIVE TEACHING TECHNIQUES. THE EVALUATION, ASSISTANCE, AND CERTIFICATION PROGRAM ESTABLISHES PEER REVIEW AND ASSESSMENT OF MEMBER SCHOOLS' LAW PROGRAMS IN CONFORMITY WITH THE ASSOCIATIONS' FOUNDATIONAL PRINCIPLES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $261,829

Program Service Revenue $10,456

Investment Income $56,945

Other Revenue $0

TOTAL REVENUE $329,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $224,615

Other Expenses $251,441

TOTAL EXPENSES $251,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,230	$236,188	+0.4%
Expenses	$251,441	$239,172	+0.1%
Net Income	$77,789	$-2,984	-27.1%

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

250

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
FRANCIS WANG	CHAIRMAN-PRESIDENT	20.00	Officer Director	$0	$0	$0
BARBARA HOLDEN SMITH	GENERAL SECRETARY-TREASURE	10.00	Officer Director	$0	$0	$0
VALENTINA SMORGUNOVA	BOARD GOVERNOR	1.00	Director	$0	$0	$0
EMMANUEL UGIRASHEBUJA	BOARD GOVERNOR	1.00	Director	$0	$0	$0
JOY NGOZI EZEILO	BOARD GOVERNOR	1.00	Director	$0	$0	$0
GABRIEL BOCKSANG HOLA	BOARD GOVERNOR	1.00	Director	$0	$0	$0
RANBIR SINGH	BOARD GOVERNOR	1.00	Director	$0	$0	$0
WOJCIECH ZALEWSKI	BOARD GOVERNOR	1.00	Director	$0	$0	$0
TALAL ABDULLA AL-EMADI	BOARD GOVERNOR	1.00	Director	$0	$0	$0
NICOLA SMIT	BOARD GOVERNOR	1.00	Director	$0	$0	$0
PAREENA SRIVANIT	BOARD GOVERNOR	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
2024	No data	No data	No data	No data
2023	$329,230	$251,441	$1,480,664	$77,789
2022	$236,188	$239,172	$1,348,100	$-2,984
2021	$190,705	$151,187	$1,550,818	$39,518
2020	$319,185	$218,589	$1,489,503	$100,596
2019	$502,369	$397,470	$1,352,535	$104,899
2018	$560,688	$473,643	$1,162,210	$87,045

INTERNATIONAL ASSOCIATION OF LAW SCHOOLS