Association of Independent Kentucky Colleges and Universities
Nonprofit profile at a glance
- EIN
- 610655540
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Frankfort, KY, USA
- Phone
- 5026955007
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Higher Education Institutions
Reported finances
- Revenue
- $1,212,676
- Expenses
- $1,288,282
- Assets
- $2,976,542
- Liabilities
- $76,708
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- MASON DYER (PRESIDENT)
Highest reported compensation
- MASON DYER (PRESIDENT): $245,199 total reported compensation
- KRISTA HUDSON (VP OF FINANC): $235,338 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Aikcu is a non-profit, member services organization committed to strenghtening the commonwealth's vibrant, independent, not-for-profit college and university sector while striving to assure that students of all ages and backgrounds have an opportunity to enroll and succeed. We serve to sustain the unique educational qualities and societal contributions of our members by identifying and building on their shared interests. Aikcu was founded in 1965 to sponsor cooperative projects aimed at benefitting all member institutions. Under the auspices of aikcu, various groups of institutional staff members such as deans, business managers, registrars and librarians meet to discuss mutual concerns and share ideas for solving various problems.
What it reported doing in 2024
Conduct the cooperative educational programs of the independent Kentucky colleges and universities.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 48% for direct work, and 52% for member benefits.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 74
- Accountability: 86
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.4%; rating input score 79
- Program expense ratio: 71.9%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -6.2%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 2.31; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 37.3%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 79.4% of revenue deployed · 71.9% of spending went to programs
- Governance: 18 of 18 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $926K in reported program spending
- Leadership: top reported pay $245K · 20 people listed · 2 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 20 filed money-flow records
- Related organizations: 18 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Sustainability: Officer compensation ratio scored 4/100.