Lehigh Valley Association of Independent Colleges Inc

What it reported doing in 2024

Group purchasing - lvaic seeks to identify strategic sourcing and procurement opportunities that meet the common needs of our members. Lvaic does not purchase any goods directly on behalf of the members, but rather, works in conjunction with members and suppliers to establish mutually beneficial agreements. Working together, members in the consortium can purchase goods and services collectively to maximize financial resources and operational efficiencies through effective procurement practices while leveraging our collective volume and expertise.lvaic institutions work together to identify or source high value opportunities for joint purchasing through membership in group purchasing organizations (gpos) or through lvaic preferred suppliers or contracted vendors. By utilizing lvaic preferred suppliers or contracted vendors, members are assured of doing business with suppliers that offer competitive pricing, consistent and proven service, and excellent performance.

Financial Efficiency

• Mission deployment rate: 77.4%; rating input score 77
• Program expense ratio: 78.9%; rating input score 79
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited
• Public monitoring controls: Limited
• Public policy transparency: Limited
• Public financial transparency: Limited
• Impact reporting controls: Limited
• Public relationship transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
• Public governance controls: Limited
• Zakat policy transparency: Limited

Sustainability

• Operating margin: 1.9%; rating input score 42; 42nd percentile among comparable filings
• Operating reserve ratio: 0.67; rating input score 31; 31st percentile among comparable filings
• Liabilities to assets ratio: 0.4; rating input score 19; 19th percentile among comparable filings
• Officer compensation ratio: 31.3%; rating input score 6; 6th percentile among comparable filings

Growth

• Program expense growth: -1.3% per year; rating input score 0; 14th percentile among comparable filings
• Revenue growth: -0.7% per year; rating input score 0; 12th percentile among comparable filings
• Asset growth: 4% per year; rating input score 100; 34th percentile among comparable filings