INDEPENDENT COLLEGES & UNIVERSITIE… - 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

1965

Legal Domicile

Principal Officer

RICHARD LUDWICK

Phone

5124729522

Tax Period

2021-10-01 to 2022-09-30

INDEPENDENT COLLEGES & UNIVERSITIES OF TEXAS INC, founded in 1965, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2021.

Mission

SUPPORT TEXAS INDEPENDENT NONPROFIT COLLEGES AND UNIVERSITIES BY STRENGTHENING MEMBER INSTITUTIONS THROUGH POLICY RESEARCH, COLLABORATION AND ADVOCACY.

Program Service Accomplishments

Program 1

PROMOTED, SUPPORTED AND STRENGTHENED TEXAS' ACCREDITED INDEPENDENT INSTITUTIONS OF HIGHER EDUCATION THROUGH POLICY RESEARCH, COLLABORATION, AND ADVOCACY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,341,459

Investment Income $32,111

Other Revenue $62,273

TOTAL REVENUE $1,435,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $876,420

Fundraising Expenses $0

Other Expenses $583,004

TOTAL EXPENSES $1,459,424

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,435,843	$1,350,233	+0.1%
Expenses	$1,459,424	$1,174,776	+0.2%
Net Income	$-23,581	$175,457	-1.1%

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

Volunteers

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

$283,528

Total Directors

Key Employees

$211,122

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN JOHNSON	PRESIDENT	36.00	Officer	$247,811	$35,717	$283,528
ELIZABETH PUTHOFF	VP RESEARCH/	36.00	Key Emp	$180,594	$30,528	$211,122
RICHARD LUDWICK	CHAIR	4.00	Officer Director	$0	$0	$0
CHARLIE MCCORMICK	CHAIR-ELECT	4.00	Officer Director	$0	$0	$0
FREDERICK SLABACH	PAST CHAIR	4.00	Officer Director	$0	$0	$0
BLAIR BLACKBURN	SECRETARY	4.00	Officer Director	$0	$0	$0
COLETTE BURNETTE	TREAS. (10/2	4.00	Officer Director	$0	$0	$0
DEBBIE COTTRELL	TREAS. (06/2	4.00	Officer Director	$0	$0	$0
DEBBIE COTTRELL	DIR. (10/21-	4.00	Director	$0	$0	$0
HERMAN FELTON	DIR. (06/22-	4.00	Director	$0	$0	$0
DON CHRISTIAN	DIRECTOR	4.00	Director	$0	$0	$0
STEVEN O'DAY	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS EVANS	DIRECTOR	4.00	Director	$0	$0	$0
BOBBY HALL	DIRECTOR	4.00	Director	$0	$0	$0
LINDA LIVINGSTONE	DIRECTOR	4.00	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
2022	$1,435,843	$1,459,424	No data	$-23,581
2022	$1,435,843	$1,459,424	No data	$-23,581
2021	$1,350,233	$1,174,776	$1,035,794	$175,457
2020	$1,338,457	$1,135,379	$909,331	$203,078

INDEPENDENT COLLEGES & UNIVERSITIES OF TEXAS INC