Civic Intelligence

Central Association of College and University Business Officers

EIN 73-1079052 • 501(c)3 • Bowling Green, OH

Profile

The primary goal of cacubo is to provide professional development opportunities, as well as leadership training for all levels of staff in business and financial management.

1851 N Research DriveBowling Green, OH 43403

www.cacubo.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

83rd percentile

0.58x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

22nd percentile

-5.7%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,213,046

Down $133,949 (-5.7%) from 2024

Liabilities

Up

$412,043

Up $18,717 (+4.8%) from 2024

Net Assets

Down

$1,801,003

Down $152,666 (-7.8%) from 2024

Revenue

Up

$715,819

Up $81,149 (+13%) from 2024

Expenses

Up

$903,282

Up $179,630 (+25%) from 2024

Net Income

Down

-$187,463

Down $98,481 (-111%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,226,770Liabilities 2011: $123,699Net Assets 2011: $1,103,0712011Assets 2012: $1,751,099Liabilities 2012: $453,605Net Assets 2012: $1,297,4942012Assets 2013: $1,773,280Liabilities 2013: $443,701Net Assets 2013: $1,329,5792013Assets 2014: $1,738,898Liabilities 2014: $403,930Net Assets 2014: $1,334,9682014Assets 2015: $1,622,158Liabilities 2015: $427,832Net Assets 2015: $1,194,3262015Assets 2016: $1,736,677Liabilities 2016: $492,536Net Assets 2016: $1,244,1412016Assets 2017: $1,762,269Liabilities 2017: $487,334Net Assets 2017: $1,274,9352017Assets 2018: $1,998,039Liabilities 2018: $485,139Net Assets 2018: $1,512,9002018Assets 2019: $2,007,404Liabilities 2019: $448,680Net Assets 2019: $1,558,7242019Assets 2020: $1,996,564Liabilities 2020: $179,400Net Assets 2020: $1,817,1642020Assets 2021: $2,240,627Liabilities 2021: $183,756Net Assets 2021: $2,056,8712021Assets 2022: $2,127,235Liabilities 2022: $349,633Net Assets 2022: $1,777,6022022Assets 2023: $2,189,922Liabilities 2023: $366,161Net Assets 2023: $1,823,7612023Assets 2024: $2,346,995Liabilities 2024: $393,326Net Assets 2024: $1,953,6692024Assets 2025: $2,213,046Liabilities 2025: $412,043Net Assets 2025: $1,801,0032025

Highlighted filing

2025

Assets$2,213,046
Liabilities$412,043
Net Assets$1,801,003

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $673,690Expenses 2011: $591,918Net Income 2011: $81,7722011Revenue 2012: $770,662Expenses 2012: $576,240Net Income 2012: $194,4222012Revenue 2013: $812,957Expenses 2013: $780,873Net Income 2013: $32,0842013Revenue 2014: $808,174Expenses 2014: $940,431Net Income 2014: -$132,2572014Revenue 2015: $761,828Expenses 2015: $874,409Net Income 2015: -$112,5812015Revenue 2016: $737,158Expenses 2016: $775,171Net Income 2016: -$38,0132016Revenue 2017: $774,357Expenses 2017: $829,579Net Income 2017: -$55,2222017Revenue 2018: $865,589Expenses 2018: $693,571Net Income 2018: $172,0182018Revenue 2019: $799,232Expenses 2019: $827,187Net Income 2019: -$27,9552019Revenue 2020: $666,176Expenses 2020: $565,954Net Income 2020: $100,2222020Revenue 2021: $154,798Expenses 2021: $135,270Net Income 2021: $19,5282021Revenue 2022: $349,969Expenses 2022: $318,648Net Income 2022: $31,3212022Revenue 2023: $655,837Expenses 2023: $656,525Net Income 2023: -$6882023Revenue 2024: $634,670Expenses 2024: $723,652Net Income 2024: -$88,9822024Revenue 2025: $715,819Expenses 2025: $903,282Net Income 2025: -$187,4632025

Highlighted filing

2025

Revenue$715,819
Expenses$903,282
Net Income-$187,463

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.41$1.80$0.72$0.90$0.19
2024Summary only. Only limited summary data is available for this year.$2.35$0.39$1.95$0.63$0.72$0.09
2023Summary only. Only limited summary data is available for this year.$2.19$0.37$1.82$0.66$0.66$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.35$1.78$0.35$0.32$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.18$2.06$0.15$0.14$0.02
2020Summary only. Only limited summary data is available for this year.$2.00$0.18$1.82$0.67$0.57$0.10
2019Summary only. Only limited summary data is available for this year.$2.01$0.45$1.56$0.80$0.83$0.03
2018Summary only. Only limited summary data is available for this year.$2.00$0.49$1.51$0.87$0.69$0.17
2017Summary only. Only limited summary data is available for this year.$1.76$0.49$1.27$0.77$0.83$0.06
2016Summary only. Only limited summary data is available for this year.$1.74$0.49$1.24$0.74$0.78$0.04
2015Summary only. Only limited summary data is available for this year.$1.62$0.43$1.19$0.76$0.87$0.11
2014Summary only. Only limited summary data is available for this year.$1.74$0.40$1.33$0.81$0.94$0.13
2013Summary only. Only limited summary data is available for this year.$1.77$0.44$1.33$0.81$0.78$0.03
2012Summary only. Only limited summary data is available for this year.$1.75$0.45$1.30$0.77$0.58$0.19
2011Summary only. Only limited summary data is available for this year.$1.23$0.12$1.10$0.67$0.59$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2024 to Aug 31, 2025
Signed
Feb 13, 2026
Return Version
2024v5.0
Gross Receipts
$899,937
Mission and Program Overview

Mission

The primary goal of cacubo is to provide professional development opportunities, as well as leadership training for all levels of staff in business and financial management.

The mission of the association is to improve college & university financial management & business administration and to promote the profession's ideals, ethics, & standards. It provides professional development opportunities, as well as leadership training for all levels of staff in business and financial management.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,875,492$1,776,653▼ $98,839
Cash and Non-Interest-Bearing Accounts$350,544$267,627▼ $82,917
Prepaid Expenses and Deferred Charges$81,459$128,366▲ $46,907
Accounts Receivable$39,500$40,400▲ $900
Total Assets$2,346,995$2,213,046▼ $133,949
Liabilities
Deferred Revenue$380,888$377,313▼ $3,575
Accounts Payable and Accrued Expenses$12,438$34,730▲ $22,292
Total Liabilities$393,326$412,043▲ $18,717
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,953,669$1,801,003▼ $152,666
Total Net Assets Fund Balance$1,953,669$1,801,003▼ $152,666
Total Liabilities and Net Assets / Fund Balance$2,346,995$2,213,046▼ $133,949
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark VolpattiPresident
Angela WomgramDirector
Earl BellDirector
Greg SanialDirector
Jeff WilhelmiDirector
Katrina YoakumDirector
Marty MickeyDirector
Mike VolnaDirector
Susan MannDirector
Steve Mandeville1st Vice Pre
Clair Knapp2nd Past Pre
Nancy Combs2nd Vice Pre
Shari MayerPast Preside
Lois TatroSecretary
Robert SwansonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$126,454
Program Service Revenue
$469,924
Investment Income
$116,365
Other Revenue
$3,076
Change in Net Assets
$-187,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$903,282
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$349,132--$349,132
Travel$9,393$128,923-$138,316
Information Technology$72,251$42,375-$114,626
Advertising$24,859$61,886-$86,745
Fees for Services Other$45,142--$45,142
Fees for Services Accounting-$22,325-$22,325
All Other Expenses$10,060$4,220-$14,280
Other Expenses$12,399$10,632-$12,399
Insurance-$6,573-$6,573
Office Expenses$3,283--$3,283
Fees for Services Legal-$474-$474
Total Functional Expenses$625,874$277,408$0$903,282
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization is comprised of members.

Form 990, Page 6, Part VI, Line 7A

The president and vice presidents are elected at each annual meeting for a term of one year, or in case of resignations, until their successor(s) are elected. The offices of secretary and treasurer are elected in alternate years for a minimum of two (2) years at the annual meeting. At-large members are elected for two-year terms.

Form 990, Page 6, Part VI, Line 9

Earl bell 2060 wolverine tower 3003 s state st ann arbor, mi 48109 lois tatro 1845 fairmount box 38 wichita, ks 67260-0038 clair knapp 604 e college avenue north manchester, in 46962 mark volpatti 1700 chapel drive valparaiso, in 46383 shari mayer one north college street northfield, mn 55057 mike volna 311 morrill hall, 100 church st. Se minneapolis, mn 55455 steve mandeville 650 maryville u drive st louis, mo 63141 katrina yoakum 1450 jayhawk blvd lawrence, ks 66045 greg sanial 4068 james h zumberge hall allendale, mi 49401 nancy combs 733 broad st grinnell, ia 50112

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the organization's controller (non-board member) and the organization's treasurer (board member). The review process consists of comparing all financial information to the organization's annual financial statements and other financial records as necessary. Parts iv through parts vii were completed and compared to applicable board meeting minutes, bylaws, and articles of incorporation of the organization. The tax return is also sent to each of the board members prior to filing.

Form 990, Page 6, Part VI, Line 12C

The president and treasurer of the board will monitor proposed or ongoing transactions of the organization (e.g., contracts with vendors and collaborations with third parties) for conflicts of interest and disclose them to the board and committees, as appropriate, whether discovered before or after the transaction occurred.

Form 990, Page 6, Part VI, Line 19

The association publishes its governing documents and policies including conflict of interest on the cacubo website. Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Central Association of College and
EIN
73-1079052
Phone
4193728597
Address
1851 N RESEARCH DRIVE, BOWLING GREEN, OH 43403
Doing Business As
Cacubo

Signing Officer

Name
Robert Swanson
Title
Treasurer
Phone
4193728597
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Swanson
Formed
1987
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
67

Preparer

Firm
Vesta Cpas Sc
Address
37 N PIONEER RD, FOND DU LAC, WI 54935
Preparer
Kimberly Thome CPA
Phone
9209238400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Accounting and business officer workship (cabow) the cacubo accounting and business officer workshop is a two day event focusing on accounting and business continuing educational offerings for aspiring professionals in higher education and was held in louisville, ky for 410 participants. Best practices program best practices award program recognizes colleges and universities who have successfully developed a best practice to respond to a particular business problem. The cacubo best practices award seeks to promote new approaches to the problems and challenges facing college and university business operations. Webinars cacubo offers education webinars on a variety of current and relevant topics, presented by industry experts and business partners. They hosted 15 webinars throughout the year.

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IRS990/MissionDesc0THE PRIMARY GOAL OF CACUBO IS TO PROVIDE PROFESSIONAL DEVELOPMENT OPPORTUNITIES, AS WELL AS LEADERSHIP TRAINING FOR ALL LEVELS OF STAFF IN BUSINESS AND FINANCIAL MANAGEMENT.
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IRS990/PrincipalOfficerNm0ROBERT SWANSON
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IRS990/ProgSrvcAccomActy2Grp/Desc0LEADERSHIP WORKSHOP LEADERSHIP WORKSHOP IS A 2-DAY INTENSIVE LEADERSHIP DEVELOPMENT WORKSHOP TAILORED TO INSPIRE, ENCOURAGE, AND EMPOWER WOMEN TO MAKE A DIFFERENCE IN THE HIGHER EDUCATION INDUSTRY HELD IN MINNEAPOLIS, MN FOR 46 PARTICIPANTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DRIVE IN WORKSHIPS DRIVE IN WORKSHOPS ARE LOW COST, SINGLE DAY, PROFESSIONAL DEVELOPMENT EVENTS FOR BUSINESS PROFESSIONALS IN HIGHER EDUCATION. IN 2025 THEY WERE HELD IN WISCONSIN FOR 54 PARTICIPANTS, ILLINOIS FOR 81 PARTICIPANTS, KANSAS FOR 52 PARTICIPANTS AND MICHIGAN FOR 45 PARTICIPANTS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ACCOUNTING AND BUSINESS OFFICER WORKSHIP (CABOW) THE CACUBO ACCOUNTING AND BUSINESS OFFICER WORKSHOP IS A TWO DAY EVENT FOCUSING ON ACCOUNTING AND BUSINESS CONTINUING EDUCATIONAL OFFERINGS FOR ASPIRING PROFESSIONALS IN HIGHER EDUCATION AND WAS HELD IN LOUISVILLE, KY FOR 410 PARTICIPANTS. BEST PRACTICES PROGRAM BEST PRACTICES AWARD PROGRAM RECOGNIZES COLLEGES AND UNIVERSITIES WHO HAVE SUCCESSFULLY DEVELOPED A BEST PRACTICE TO RESPOND TO A PARTICULAR BUSINESS PROBLEM. THE CACUBO BEST PRACTICES AWARD SEEKS TO PROMOTE NEW APPROACHES TO THE PROBLEMS AND CHALLENGES FACING COLLEGE AND UNIVERSITY BUSINESS OPERATIONS. WEBINARS CACUBO OFFERS EDUCATION WEBINARS ON A VARIETY OF CURRENT AND RELEVANT TOPICS, PRESENTED BY INDUSTRY EXPERTS AND BUSINESS PARTNERS. THEY HOSTED 15 WEBINARS THROUGHOUT THE YEAR.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 22,505
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING AND BUSINESS OFFICER WORKSHIP (CABOW) THE CACUBO ACCOUNTING AND BUSINESS OFFICER WORKSHOP IS A TWO DAY EVENT FOCUSING ON ACCOUNTING AND BUSINESS CONTINUING EDUCATIONAL OFFERINGS FOR ASPIRING PROFESSIONALS IN HIGHER EDUCATION AND WAS HELD IN LOUISVILLE, KY FOR 410 PARTICIPANTS. BEST PRACTICES PROGRAM BEST PRACTICES AWARD PROGRAM RECOGNIZES COLLEGES AND UNIVERSITIES WHO HAVE SUCCESSFULLY DEVELOPED A BEST PRACTICE TO RESPOND TO A PARTICULAR BUSINESS PROBLEM. THE CACUBO BEST PRACTICES AWARD SEEKS TO PROMOTE NEW APPROACHES TO THE PROBLEMS AND CHALLENGES FACING COLLEGE AND UNIVERSITY BUSINESS OPERATIONS. WEBINARS CACUBO OFFERS EDUCATION WEBINARS ON A VARIETY OF CURRENT AND RELEVANT TOPICS, PRESENTED BY INDUSTRY EXPERTS AND BUSINESS PARTNERS. THEY HOSTED 15 WEBINARS THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS COMPRISED OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT AND VICE PRESIDENTS ARE ELECTED AT EACH ANNUAL MEETING FOR A TERM OF ONE YEAR, OR IN CASE OF RESIGNATIONS, UNTIL THEIR SUCCESSOR(S) ARE ELECTED. THE OFFICES OF SECRETARY AND TREASURER ARE ELECTED IN ALTERNATE YEARS FOR A MINIMUM OF TWO (2) YEARS AT THE ANNUAL MEETING. AT-LARGE MEMBERS ARE ELECTED FOR TWO-YEAR TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EARL BELL 2060 WOLVERINE TOWER 3003 S STATE ST ANN ARBOR, MI 48109 LOIS TATRO 1845 FAIRMOUNT BOX 38 WICHITA, KS 67260-0038 CLAIR KNAPP 604 E COLLEGE AVENUE NORTH MANCHESTER, IN 46962 MARK VOLPATTI 1700 CHAPEL DRIVE VALPARAISO, IN 46383 SHARI MAYER ONE NORTH COLLEGE STREET NORTHFIELD, MN 55057 MIKE VOLNA 311 MORRILL HALL, 100 CHURCH ST. SE MINNEAPOLIS, MN 55455 STEVE MANDEVILLE 650 MARYVILLE U DRIVE ST LOUIS, MO 63141 KATRINA YOAKUM 1450 JAYHAWK BLVD LAWRENCE, KS 66045 GREG SANIAL 4068 JAMES H ZUMBERGE HALL ALLENDALE, MI 49401 NANCY COMBS 733 BROAD ST GRINNELL, IA 50112
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS REVIEWED BY THE ORGANIZATION'S CONTROLLER (NON-BOARD MEMBER) AND THE ORGANIZATION'S TREASURER (BOARD MEMBER). THE REVIEW PROCESS CONSISTS OF COMPARING ALL FINANCIAL INFORMATION TO THE ORGANIZATION'S ANNUAL FINANCIAL STATEMENTS AND OTHER FINANCIAL RECORDS AS NECESSARY. PARTS IV THROUGH PARTS VII WERE COMPLETED AND COMPARED TO APPLICABLE BOARD MEETING MINUTES, BYLAWS, AND ARTICLES OF INCORPORATION OF THE ORGANIZATION. THE TAX RETURN IS ALSO SENT TO EACH OF THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT AND TREASURER OF THE BOARD WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS OF THE ORGANIZATION (E.G., CONTRACTS WITH VENDORS AND COLLABORATIONS WITH THIRD PARTIES) FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE BOARD AND COMMITTEES, AS APPROPRIATE, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ASSOCIATION PUBLISHES ITS GOVERNING DOCUMENTS AND POLICIES INCLUDING CONFLICT OF INTEREST ON THE CACUBO WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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