MIDDLESEX COMMUNITY COLLEGE FOUNDATION INC

EIN: 060991088 501(c)(3) Philanthropy & Grantmaking

MIDDLETOWN, CT

Total Revenue
$303,259
Total Expenses
$285,399
Total Assets
$1,485,846
Net Assets
$1,458,041
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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
1966
Legal Domicile
CT
Principal Officer
KEN INNOCENZI
Phone
8603435789
Tax Period
2024-07-01 to 2025-06-30

MIDDLESEX COMMUNITY COLLEGE FOUNDATION INC, founded in 1966, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $303K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $285K left a modest 6% surplus.

Mission

TO SUPPORT CT STATE MIDDLESEX'S EDUCATIONAL ACTIVITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $254,904
Program Service Revenue $0
Investment Income $59,971
Other Revenue $-11,616
TOTAL REVENUE $303,259

Expense Breakdown

Grants Paid $211,176
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $211,176
Other Expenses $74,223
TOTAL EXPENSES $285,399

Year-over-Year Comparison

2024 2023 Change
Revenue $303,259 $198,743 +0.5%
Expenses $285,399 $170,950 +0.7%
Net Income $17,860 $27,793 -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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
60

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE MINKLER BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN KREVISKY BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN KATUSHA BOARD MEMBER 1.00
Director
$0 $0 $0
DEANNE DEBRADY BOARD MEMBER 1.00
Director
$0 $0 $0
TRISTAN SAYAH BOARD MEMBER 1.00
Director
$0 $0 $0
JON COMER BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH LAJOIE BOARD MEMBER 1.00
Director
$0 $0 $0
ARIELLE PIERRE BOARD MEMBER 1.00
Director
$0 $0 $0
DR JENNIFER HERNANDEZ BOARD MEMBER 1.00
Director
$0 $0 $0
HASHAM RAUF BOARD MEMBER 1.00
Director
$0 $0 $0
ELISE MCDERMOTT BOARD MEMBER 1.00
Director
$0 $0 $0
PAT FREDERICK BOARD MEMBER 1.00
Director
$0 $0 $0
ISABELLA MERLINI SECRETARY 1.00
Officer
$0 $0 $0
RICK MORIN TREASURER 1.00
Officer
$0 $0 $0
LAURA PIEPER VICE CHAIR 1.00
Officer
$0 $0 $0
KEN INNOCENZI CHAIR 1.00
Officer
$0 $0 $0
CHRIS DIBBLE PAST CHAIR 1.00
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 $303,259 $285,399 $1,485,846 $17,860
2024 $198,743 $170,950 $1,361,922 $27,793
2023 $371,828 $314,273 $1,319,257 $57,555
2022 $485,056 $291,885 $1,235,202 $193,171
2021 $292,116 $172,506 $1,205,174 $119,610
2020 $210,567 $148,564 $930,315 $62,003
2019 $185,051 $172,390 $851,099 $12,661
2018 $196,746 $157,439 $811,176 $39,307
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