Quinsigamond Community College Foundation Inc (EIN 042897624) - 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

1985

Legal Domicile

Principal Officer

JORGO GUSHI

Phone

5088544585

Tax Period

2024-07-01 to 2025-06-30

Quinsigamond Community College Foundation Inc, founded in 1985, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $617K, a strong 42% operating margin.

Mission

TO PRESERVE AND FOSTER THE TRADITIONS OF QUINSIGAMOND COMMUNITY COLLEGE.

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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 $1,162,702

Program Service Revenue $0

Investment Income $301,069

Other Revenue $0

TOTAL REVENUE $1,463,771

Expense Breakdown

Grants Paid $670,120

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $670,120

Other Expenses $176,291

TOTAL EXPENSES $846,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,463,771	$1,475,684	0.0%
Expenses	$846,411	$505,421	+0.7%
Net Income	$617,360	$970,263	-0.4%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jorgo Gushi AS	President (Eff. 09/17/24)	1.0	Officer Director	$0	$0	$0
James M Griffin	Vice President	1.0	Officer Director	$0	$0	$0
Linda Cavaioli	Treasurer	1.0	Officer Director	$0	$0	$0
Diane M Giampa SHRM-SCP	Clerk	1.0	Officer Director	$0	$0	$0
Kola A Akindele JD MS	Director	1.0	Director	$0	$0	$0
Jack Cutone	Director	1.0	Director	$0	$0	$0
Linda T Cammuso Esq	Director	1.0	Director	$0	$0	$0
Jean A King PhD	Director	1.0	Director	$0	$0	$0
Timothy Hally	Director	1.0	Director	$0	$0	$0
Linda S Larrivee PhD	Director	1.0	Director	$0	$0	$0
Mary Meade-Montaque EdD	Director	1.0	Director	$0	$0	$0
Gladys Rodriguez-Parker MS	Director	1.0	Director	$0	$0	$0
Suzanne Graham Anderson	Director	1.0	Director	$0	$0	$0
Jared J Madison Esq	Director	1.0	Director	$0	$0	$0
Matthew E Wally	President (Thru 09/17/24)	1.0	Officer Director	$0	$0	$0
Luis G Pedraja PhD	President, QCC	1.0	Officer	$0	$0	$0

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	$1,463,771	$846,411	$8,858,353	$617,360
2024	$1,475,684	$505,421	$7,815,167	$970,263
2023	$934,306	$702,468	$6,135,518	$231,838
2022	$1,035,523	$609,037	$5,372,332	$426,486
2021	$608,595	$436,616	$5,887,515	$171,979
2020	$512,079	$529,470	$4,553,554	$-17,391
2019	$437,895	$420,858	$4,594,574	$17,037

Quinsigamond Community College Foundation Inc