INDEPENDENT COLLEGES OF WASHINGTON (EIN 910614877) - 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

1953

Legal Domicile

Principal Officer

THERESA A STANDISH-KUON

Phone

2066234494

Tax Period

2023-07-01 to 2024-06-30

INDEPENDENT COLLEGES OF WASHINGTON, founded in 1953, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

ICW SUPPORTS STUDENTS AND ADVANCES THE LONG-TERM HEALTH AND WELL-BEING OF ITS MEMBER COLLEGES BY: CHAMPIONING THE VALUE OF A LIBERAL ARTS-BASED COLLEGE EDUCATION; REINFORCING THE IMPORTANCE OF HIGHER EDUCATION WITH POLICYMAKERS, OPINION LEADERS, PARTNERS AND GENERAL PUBLIC; RAISING AWARENESS ABOUT THE ESSENTIAL ROLE OUR COLLEGES PLAY IN OFFERING STUDENTS QUALITY, DIVERSE HIGHER EDUCATION OPTIONS AND; FORGING BUSINESS PARTNERSHIPS AND RAISING CHARITABLE GIFTS FROM CORPORATIONS AND FOUNDATIONS IN SUPPORT OF STUDENT SCHOLARSHIPS AND MEMBER CAMPUSES.

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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 $2,242,186

Program Service Revenue $0

Investment Income $129,644

Other Revenue $0

TOTAL REVENUE $2,371,830

Expense Breakdown

Grants Paid $1,011,600

Salaries & Benefits $862,965

Fundraising Expenses $50,098

Program Expenses $2,083,302

Other Expenses $596,092

TOTAL EXPENSES $2,470,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,371,830	$2,074,892	+0.1%
Expenses	$2,470,657	$2,313,975	+0.1%
Net Income	$-98,827	$-239,083	-0.6%

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

$365,564

Total Directors

$365,564

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI STANDISH-KUON	PRESIDENT & CEO	40.00	Officer Director	$322,524	$43,040	$365,564
ISIAAH CRAWFORD	CHAIR	1.00	Officer Director	$0	$0	$0
CAROLYN KELLY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THAYNE M MCCULLOH	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ANDREW PRATHER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
STEFAN AGYEMANG	DIRECTOR	1.00	Director	$0	$0	$0
AMY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BUFUMO	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN BELTON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BOLTON	DIRECTOR	1.00	Director	$0	$0	$0
PAT CALLANS	DIRECTOR	1.00	Director	$0	$0	$0
GORDON CLARK	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTOFER JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE KAAI	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MCQUILKIN	DIRECTOR	1.00	Director	$0	$0	$0
DEANA POTERFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN OUELLETTE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE PARKER	DIRECTOR	1.00	Director	$0	$0	$0
EDUARDO M PEALVER	DIRECTOR	1.00	Director	$0	$0	$0
PARKER PHEND	DIRECTOR	1.00	Director	$0	$0	$0
SUSANA REYES	DIRECTOR	1.00	Director	$0	$0	$0
NIKISHA REYES-GRANGE	DIRECTOR	1.00	Director	$0	$0	$0
KIMERLY RORSCHACH	DIRECTOR	1.00	Director	$0	$0	$0
BEN SMALL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW C SUND	DIRECTOR	1.00	Director	$0	$0	$0
JASON THACKSTON	DIRECTOR	1.00	Director	$0	$0	$0
TOM THOEN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE MARIE TIMBERLAKE	DIRECTOR	1.00	Director	$0	$0	$0
RANDY TINSETH	DIRECTOR	1.00	Director	$0	$0	$0
JIM YEARBY	DIRECTOR	1.00	Director	$0	$0	$0
SANDY ZIMMERMANN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD E BANGERT II	EMERITUS	1.00	Director	$0	$0	$0
KENNETH J GOODCHILD	EMERITUS	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	$2,371,830	$2,470,657	$3,827,869	$-98,827
2023	$2,074,892	$2,313,975	$3,972,193	$-239,083
2022	$2,667,290	$2,016,773	$3,216,327	$650,517
2021	$1,760,226	$1,929,774	$2,855,247	$-169,548
2020	$2,451,604	$1,812,147	$2,804,619	$639,457
2019	$1,800,974	$1,920,700	$1,933,214	$-119,726

INDEPENDENT COLLEGES OF WASHINGTON