ASSOCIATION OF AMERICAN LAW SCHOOLS INC (EIN 941450490) - 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

1900

Legal Domicile

Principal Officer

KELLYE Y TESTY

Phone

2022968851

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF AMERICAN LAW SCHOOLS INC, founded in 1900, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2024. Expenses of $7.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ASSOCIATION OF AMERICAN LAW SCHOOLS' (AALS) MISSION IS TO UPHOLD AND ADVANCE EXCELLENCE IN LEGAL EDUCATION. IN SUPPORT OF THIS MISSION, AALS PROMOTES THE CORE VALUES OF EXCELLENCE IN TEACHING AND SCHOLARSHIP, ACADEMIC FREEDOM, AND DIVERSITY, INCLUDING DIVERSITY OF BACKGROUNDS AND VIEWPOINTS, WHILE SEEKING TO IMPROVE THE LEGAL PROFESSION, TO FOSTER JUSTICE, AND TO SERVE OUR MANY COMMUNITIES - LOCAL, NATIONAL, AND INTERNATIONAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $282,778

Program Service Revenue $5,730,712

Investment Income $329,019

Other Revenue $11,876

TOTAL REVENUE $6,354,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,855,622

Fundraising Expenses $143,692

Program Expenses $6,116,317

Other Expenses $3,379,224

TOTAL EXPENSES $7,234,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,354,385	$6,162,402	+0.0%
Expenses	$7,234,846	$6,411,683	+0.1%
Net Income	$-880,461	$-249,281	+2.5%

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

900

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

$1,229,416

Total Directors

$994,967

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH C AREEN	EXEC DIR. AND CEO (TO JUN '24)	37.50	Officer Director	$549,510	$101,094	$650,604
KELLYE Y TESTY	EXEC DIR. AND CEO (FROM JUL '24)	37.50	Officer Director	$262,761	$81,602	$344,363
AUSTEN L PARRISH	PRESIDENT	8.00	Officer Director	$0	$0	$0
DANIELLE M CONWAY	PRESIDENT-ELECT (FROM JAN '25)	8.00	Officer Director	$0	$0	$0
MARK ALEXANDER	IMMED. PAST PRESIDENT (TO JAN '25)	6.00	Officer Director	$0	$0	$0
MELANIE D WILSON	IMMED. PAST PRESIDENT	6.00	Officer Director	$0	$0	$0
LEONARD M BAYNES	BOARD MEMBER (FROM JAN '25)	6.00	Director	$0	$0	$0
ANTHONY W CROWELL	BOARD MEMBER	6.00	Director	$0	$0	$0
RISA GOLUBOFF	BOARD MEMBER	6.00	Director	$0	$0	$0
RENEE HUTCHINS LAURENT	BOARD MEMBER	6.00	Director	$0	$0	$0
STACY LEEDS	BOARD MEMBER (FROM JAN '25)	6.00	Director	$0	$0	$0
ELOISA RODRIGUEZ-DOD	BOARD MEMBER (TO JAN '25)	6.00	Director	$0	$0	$0
KEVIN WASHBURN	BOARD MEMBER (TO JAN '25)	6.00	Director	$0	$0	$0
JOHN VALERY WHITE	BOARD MEMBER	6.00	Director	$0	$0	$0
ELENA KUKANOVA-CARPENTER	CFO	37.50	Officer	$198,397	$36,052	$234,449
TRACIE L THOMAS	DIRECTOR OF MEETINGS	37.50	Highest	$157,133	$39,485	$196,618
MARISA GUEVARA-TORRES	CHIEF STRATEGY OFFICER	37.50	Highest	$155,450	$31,233	$186,683
JAMES GREIF	DIRECTOR OF COMMUNICATIONS	37.50	Highest	$138,604	$32,563	$171,167
MARY DILLON KERWIN	DIRECTOR OF DEVELOPMENT	37.50	Highest	$131,352	$36,522	$167,874
MARY CULLEN	ASSOICATE DIRECTOR OF MEETINGS	37.50	Highest	$116,472	$34,175	$150,647

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	$6,354,385	$7,234,846	$16,528,968	$-880,461
2024	$6,162,402	$6,411,683	$17,212,897	$-249,281
2023	$5,894,628	$6,415,501	$16,797,655	$-520,873
2022	$5,109,925	$5,009,740	$16,777,608	$100,185
2021	$5,549,132	$4,772,363	$17,806,703	$776,769
2020	$5,712,872	$5,270,152	$16,341,077	$442,720
2019	$5,623,774	$5,843,815	$16,197,357	$-220,041
2018	$5,864,056	$5,416,469	$16,249,199	$447,587

ASSOCIATION OF AMERICAN LAW SCHOOLS INC