MIDDLESEX COMMUNITY COLLEGE FOUNDATION C/O JACKSON CHEGE (EIN 042973384) - 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

1987

Legal Domicile

Principal Officer

JAMES W HENDERSON

Phone

7812803509

Tax Period

2024-07-01 to 2025-06-30

MIDDLESEX COMMUNITY COLLEGE FOUNDATION C/O JACKSON CHEGE, founded in 1987, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 12% surplus.

Mission

TO ENLIST PRIVATE SECTOR SUPPORT IN FURTHERANCE OF THE EDUCATIONAL AND CHARITABLE PURPOSES OF MIDDLESEX COMMUNITY COLLEGE. IT IS THE VEHICLE FOR FUNDRAISING FROM INDIVIDUALS, CORPORATIONS, SMALL BUSINESSES AND PRIVATE FOUNDATIONS.

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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 $970,029

Program Service Revenue $0

Investment Income $403,447

Other Revenue $288,362

TOTAL REVENUE $1,661,838

Expense Breakdown

Grants Paid $211,124

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,497

Other Expenses $1,256,790

TOTAL EXPENSES $1,467,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,661,838	$3,240,637	-0.5%
Expenses	$1,467,914	$2,580,871	-0.4%
Net Income	$193,924	$659,766	-0.7%

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
JAMES W HENDERSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID BASILE	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
FREDERICK CIAMPA	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN P CHEMALY	DIRECTOR	2.00	Director	$0	$0	$0
SAMIR A DESAI	DIRECTOR	2.00	Director	$0	$0	$0
LOIS ALVES	DIRECTOR	2.00	Director	$0	$0	$0
LURA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
CAROLE A COWAN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM CHEMELLI	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE J CRONIN	DIRECTOR	2.00	Director	$0	$0	$0
PETE LALLY	DIRECTOR	2.00	Director	$0	$0	$0
GAIL TUZZOLO	DIRECTOR	2.00	Director	$0	$0	$0
MARY ELLEN MATTHEOS	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH C CLERMONT	DIRECTOR	2.00	Director	$0	$0	$0
JAMES D'AGOSTINO	DIRECTOR	2.00	Director	$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	$1,661,838	$1,467,914	$11,087,024	$193,924
2024	$3,240,637	$2,580,871	$10,690,435	$659,766
2023	$2,214,557	$1,543,722	$10,063,321	$670,835
2022	$1,662,026	$1,244,150	$10,630,358	$417,876
2021	$1,032,499	$1,156,663	$8,363,120	$-124,164
2020	$1,338,294	$905,662	$7,749,537	$432,632
2019	$1,199,310	$1,066,365	$7,301,224	$132,945
2018	$1,434,144	$498,423	$7,151,396	$935,721

MIDDLESEX COMMUNITY COLLEGE FOUNDATION C/O JACKSON CHEGE