ASSOCIATION OF GOVERNING BOARDS OF UNIVERSITIES AND COLLEGES (EIN 840502574) - 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

1974

Legal Domicile

Principal Officer

FRAMROZE VIRJEE JD

Phone

2022968400

Tax Period

2023-07-01 to 2024-06-30

ASSOCIATION OF GOVERNING BOARDS OF UNIVERSITIES AND COLLEGES, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $16.8M in total revenue in fiscal year 2023.

Mission

THE ASSOCIATION OF GOVERNING BOARDS OF UNIVERSITIES AND COLLEGES ADVANCES HIGHER EDUCATION AS A PUBLIC GOOD BY PREPARING COLLEGE, UNIVERSITY, AND FOUNDATION GOVERNING BOARDS TO FULFILL THEIR FIDUCIARY DUTIES AND EXEMPLIFY THE HIGHEST IDEALS OF TRUSTEESHIP.

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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 $1,636,390

Program Service Revenue $13,803,273

Investment Income $783,521

Other Revenue $601,620

TOTAL REVENUE $16,824,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,754,472

Fundraising Expenses $491,364

Program Expenses $10,940,445

Other Expenses $8,684,583

TOTAL EXPENSES $16,439,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,824,804	$16,292,881	+0.0%
Expenses	$16,439,055	$15,838,377	+0.0%
Net Income	$385,749	$454,504	-0.2%

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

515

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

$3,181,576

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY SEAY	CHAIR	7.00	Officer Director	$0	$0	$0
ROSS A MUGLER	VICE CHAIR/CHAIR ELECT 02/2024	5.00	Officer Director	$0	$0	$0
ELEANOR HORNE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
SHAUNA RYDER DIGGS	SECRETARY	5.00	Officer Director	$0	$0	$0
RONALD C PARKER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KING	DIRECTOR	1.00	Director	$0	$0	$0
ERIC P BLACKHURST	DIRECTOR THRU 01/2024	3.00	Director	$0	$0	$0
CATHY HAVENER GREER	DIRECTOR	5.00	Director	$0	$0	$0
PAUL BRAJCICH	DIRECTOR	3.00	Director	$0	$0	$0
SHANE JACOBSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE SAWYER	DIRECTOR	3.00	Director	$0	$0	$0
CYNTHIA SHAPIRA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM THOMPSON JR	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MARIE A SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
E THOMAS SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
HENRY STOEVER	PRESIDENT AND CEO THRU 09/2023	39.00	Officer	$519,929	$79,516	$599,445
RODERICK MCDAVIS	PRINCIPAL	1.00	Officer	$0	$55,787	$536,450
MARIA NAZARETH	SENIOR VICE PRESIDENT & TREASURER	40.00	Officer	$307,611	$73,337	$380,948
ELLEN CHAFFEE	INT. PRESIDENT & CEO AS OF 10/2023	39.00	Officer	$140,719	$0	$140,719
CHRISTINA JACOBS	SENIOR VICE PRESIDENT	40.00	Officer	$310,948	$38,180	$349,128
PATRICIA KUNKLE	SENIOR VICE PRESIDENT	40.00	Officer	$247,161	$38,856	$286,017
CRISTIN J TOUTSI GRIGOS	SENIOR VICE PRESIDENT	40.00	Officer	$206,432	$51,366	$257,798
LARRY ROBERTSON	SENIOR VICE PRESIDENT	40.00	Officer	$210,513	$27,777	$238,290
BEN DAVID ROWE	MANAGING DIRECTOR THRU 01/2024	40.00	Officer	$225,206	$23,020	$248,226
MARY PAPAZIAN	EXECUTIVE VP AS OF 08/2023	40.00	Officer	$139,827	$4,728	$144,555
DAVID BASS	ED, PHILANTHROPIC GOVERNANCE	40.00	Highest	$186,643	$28,494	$215,137
ANDREW LOUNDER	ASSOCIATE VP OF PROGRAMS	40.00	Highest	$167,888	$26,979	$194,867
MEGANN CLARKE	SENIOR DIR, WEB & DIGITAL STRATEGIES	40.00	Highest	$163,089	$16,814	$179,903
STEPHEN ABBOTT	SENIOR DIR, PARTNERSHIPS	40.00	Highest	$143,349	$16,855	$160,204
NANCY STEELBERG	MARKETING DIRECTOR	40.00	Highest	$147,550	$15,112	$162,662
ROSE GITENSTEIN	MANAGING DIRECTOR THRU 05/2023	40.00		$124,081	$12,558	$136,639

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	$16,824,804	$16,439,055	$24,371,356	$385,749
2023	$16,292,881	$15,838,377	$23,591,470	$454,504
2022	$18,279,228	$14,936,496	$17,317,397	$3,342,732
2021	$15,066,269	$14,229,845	$19,633,060	$836,424
2020	$13,184,033	$14,772,877	$16,179,565	$-1,588,844
2019	$14,232,893	$14,370,504	$16,997,972	$-137,611

ASSOCIATION OF GOVERNING BOARDS OF UNIVERSITIES AND COLLEGES