LA ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES (EIN 720987642) - 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

1983

Legal Domicile

Phone

2253899885

Tax Period

2023-07-01 to 2024-06-30

LA ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES, founded in 1983, is a small nonprofit that reported $299K in total revenue in fiscal year 2023. Expenses of $335K exceeded revenue, resulting in a 12% operating deficit.

Mission

INDEPENDENT HIGHER EDUCATION IN THE STATE OF LOUISIANA

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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 $286,027

Program Service Revenue $0

Investment Income $178

Other Revenue $12,368

TOTAL REVENUE $298,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,755

Fundraising Expenses $0

Program Expenses $239,830

Other Expenses $39,399

TOTAL EXPENSES $335,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,573	$286,612	+0.0%
Expenses	$335,154	$361,640	-0.1%
Net Income	$-36,581	$-75,028	-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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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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC TURNER	President & CEO	40.00		$149,642	$0	$149,642
CHRISTINE SONNIER	Vice Pres for Administration	40.00		$52,674	$0	$52,674
MICHAEL FITTS	Director	1.00	Director	$0	$0	$0
RICK BREWER	Director	1.00	Director	$0	$0	$0
TINA HOLLAND	Director	1.00	Director	$0	$0	$0
ROCHELLE FORD	Director	1.00	Director	$0	$0	$0
CHRIS HOLOMAN	Director	1.00	Director	$0	$0	$0
XAVIER COLE	Director	1.00	Director	$0	$0	$0
C REYNOLD VERRET	Director	1.00	Director	$0	$0	$0
REV MATTHEW CLARK	Director	1.00	Director	$0	$0	$0
JAMES DEW JR	Director	1.00	Director	$0	$0	$0
STANTON McNEELY	Director	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	No data	No data	No data	No data
2024	$298,573	$335,154	$242,393	$-36,581
2023	$286,612	$361,640	$273,881	$-75,028
2022	$293,590	$348,261	$375,353	$-54,671
2021	$292,451	$317,475	$415,176	$-25,024
2020	$294,898	$280,200	$466,990	$14,698
2019	$297,048	$337,539	$435,778	$-40,491

LA ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES