Telluride Association Inc

Nonprofit profile at a glance

EIN
160870219
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Ithaca, NY, USA
Phone
6072735011
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$3,050,655
Expenses
$3,856,832
Assets
$75,079,642
Liabilities
$91,022

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

72 people listed

Executive titles in this filing

  • MICHAEL THORNTON (PRESIDENT AND DIRECTOR)
  • CO'RELOUS BRYANT (VICE-PRESIDENT OF STRATEGY AND DIRECTOR)
  • JEREMY ZABOROWSKI (VICE-PRESIDENT OF FINANCE AND DIRECTOR)
  • AMINA OMARI (EXECUTIVE DIRECTOR)

Highest reported compensation

  • AMINA OMARI (EXECUTIVE DIRECTOR): $160,764 total reported compensation
  • BARBARA ALDEN (CHIEF FINANCIAL OFFICER): $158,744 total reported compensation
  • ASIA CLEGGETT (DIRECTOR AND SUMMER PROGRAM MANAGER): $105,057 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support higher education

What it reported doing in 2024

Houses at cornell and Michigan universities - residences for students enrolled as full-time students and 2-3 faculty members.cornell - current housemembers are both undergraduates and graduates enrolled at cornell university and study a full range of disciplines. Members of cornell faculty also live at the house. This setting provides an unusually rich and intense academic experience. The house encourages this through formal programs such as a public speaking program, seminars led by members or guest professors, and faculty receptions. Much of the house's special impact occurs informally in daily life. Students benefit from exposure to ideas from a wide range of disciplines, share in an atmosphere of rigorous intellectual exchange, and draw on each other for advice, support, and inspiration.Michigan - telluride house offers full room and board scholarships to twenty to thirty university of Michigan undergraduate and graduate students with a variety of academic backgrounds, political views, and cultural perspectives. These students form a vibrant community, sharing lively conversation, joint projects, and the dynamic experience of democratic life. Each year, telluride students plan and implement a major project that improves public life in the ann arbor area.

Operating model

Revenue model
Investment-supported. 83% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 45
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 66.5%; rating input score 67
  • Fundraising efficiency: $8.23 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -26.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 19.47; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 11%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: -8.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 66.5% of spending went to programs
  • Governance: 65 of 65 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.6M in reported program spending
  • Leadership: top reported pay $161K · 72 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.