ALABAMA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES

EIN: 630422143 501(c)(3) Education

MONTGOMERY, AL

Total Revenue
$580,036
Total Expenses
$533,311
Total Assets
$814,464
Net Assets
$747,891
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
AL
Principal Officer
PAUL HANKINS
Phone
3343562220
Tax Period
2024-07-01 to 2025-06-30

ALABAMA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, founded in 1956, is a small nonprofit in the Education sector that reported $580K in total revenue in fiscal year 2024. Expenses of $533K left a modest 8% surplus.

Mission

TO BUILD SUPPORT FOR ALABAMA'S INDEPENDENT COLLEGES AND UNIVERSITIES AND PROMOTE A GREATER APPRECIATION OF INDEPENDENT HIGHER EDUCATION AND ITS IMPORTANCE TO THE EDUCATIONAL, CULTURAL AND ECONOMIC NEEDS OF ALABAMA.

Program Service Accomplishments

Program 1
Expenses: $78,000 Revenue: $73,374

COLLEGE MEMBERSHIPS- ELIGIBLE PRIVATE COLLEGES MAY APPLY FOR MEMBERSHIPS WITH THE ASSOCIATION, AND THE ASSOCIATION THEN SOLICITS CONTRIBUTIONS FROM BUSINESSES AND DISTRIBUTES THESE CONTRIBUTIONS TO...

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COLLEGE MEMBERSHIPS- ELIGIBLE PRIVATE COLLEGES MAY APPLY FOR MEMBERSHIPS WITH THE ASSOCIATION, AND THE ASSOCIATION THEN SOLICITS CONTRIBUTIONS FROM BUSINESSES AND DISTRIBUTES THESE CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES AS SCHOLARSHIPS.

Program 2
Expenses: $359,693 Revenue: $506,662

EXPENSES INCURRED FOR THE ASSOCIATION'S EXEMPT PURPOSE OF INCREASING INTEREST IN AND SUPPORT FOR INDEPENDENT COLLEGES AND UNIVERSITIES IN THE STATE OF ALABAMA.

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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 $517,611
Program Service Revenue $0
Investment Income $62,425
Other Revenue $0
TOTAL REVENUE $580,036

Expense Breakdown

Grants Paid $78,000
Salaries & Benefits $342,229
Fundraising Expenses $53,324
Program Expenses $437,693
Other Expenses $113,082
TOTAL EXPENSES $533,311

Year-over-Year Comparison

2024 2023 Change
Revenue $580,036 $591,013 0.0%
Expenses $533,311 $536,415 0.0%
Net Income $46,725 $54,598 -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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Governance

Voting Members
18
Independent Members
18
Employees
3
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
1
$208,822
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MICHAEL C TURNER ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR MITCH HENRY ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR ANTHONY LEIGH ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR BOBBIE KNIGHT ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR GINA SPIVEY-BROWN ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR BECK TAYLOR ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR MARY H VAN BRUNT ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR YOLANDA PAGE ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR WILLIE L TODD JR ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR MARK BROWN ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR STEVE CONDON ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
DR CHARLES SMITH JR ACADEMIC BOARD MEMBER 0.50
Director
$0 $0 $0
MR DAVE BORDEN BUSINESS BOARD MEMBER 0.50
Director
$0 $0 $0
MR MARK COLSON BUSINESS BOARD MEMBER 0.50
Director
$0 $0 $0
MR MIKE DUNN BUSINESS BOARD MEMBER 0.50
Director
$0 $0 $0
MR HARRELL FREEMAN BUSINESS BOARD MEMBER 0.50
Director
$0 $0 $0
MR MILLER KREIDER BUSINESS BOARD MEMBER 0.50
Director
$0 $0 $0
GENERAL PAUL HANKINS PRESIDENT 40.00
Officer
$180,748 $28,074 $208,822
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 $580,036 $533,311 $814,464 $46,725
2024 No data No data No data No data
2023 $564,594 $489,390 $667,084 $75,204
2022 $494,582 $514,843 $592,379 $-20,261
2021 $605,457 $505,066 $630,532 $100,391
2020 $459,569 $502,220 $518,091 $-42,651
2019 $501,375 $482,688 $521,529 $18,687
2018 $487,292 $503,451 $513,824 $-16,159
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