WESTERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC (EIN 061086725) - 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

1971

Legal Domicile

Principal Officer

ANTHONY GIOBBI

Phone

2038379820

Tax Period

2024-07-01 to 2025-06-30

WESTERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC, founded in 1971, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 73% operating margin.

Mission

OPERATES EXCLUSIVELY TO AID, SUPPLEMENT, IMPROVE AND ENLARGE THE EDUCATIONAL, CULTURAL AND RESEARCH FACILITIES AND ACTIVITIES OF WESTERN CONNECTICUT STATE UNIVERSITY.

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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 $5,164,990

Program Service Revenue $0

Investment Income $1,650,328

Other Revenue $-1,293

TOTAL REVENUE $6,814,025

Expense Breakdown

Grants Paid $1,384,887

Salaries & Benefits $0

Fundraising Expenses $48,807

Program Expenses $1,451,165

Other Expenses $457,674

TOTAL EXPENSES $1,842,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,814,025	$2,875,886	+1.4%
Expenses	$1,842,561	$1,785,114	+0.0%
Net Income	$4,971,464	$1,090,772	+3.6%

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
MARTIN MORGADO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT YAMIN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANTHONY CIRONE JR	DIRECTOR	1.00	Director	$0	$0	$0
GREGG CRERAR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FILLYAW	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HEGEDUS	DIRECTOR	1.00	Director	$0	$0	$0
JASON HSU	DIRECTOR	1.00	Director	$0	$0	$0
OWEN IBEY	DIRECTOR	1.00	Director	$0	$0	$0
M FAROOQ KATHWARI	DIRECTOR	1.00	Director	$0	$0	$0
CHIN OKWUKA	DIRECTOR	1.00	Director	$0	$0	$0
MARY JEAN RIZZO-REBEIRO	DIRECTOR	1.00	Director	$0	$0	$0
THAMER RUSHAIDAT	DIRECTOR	1.00	Director	$0	$0	$0
RONALD THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
DANE UNGER	DIRECTOR	1.00	Director	$0	$0	$0
MARIA VEILLEUX	DIRECTOR	1.00	Director	$0	$0	$0
FAYE WALTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ZAVARELLI	DIRECTOR	1.00	Director	$0	$0	$0
NELSON MERCHAN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SCHOFIELD	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY GIOBBI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JESSE BERNAL	DIRECTOR	1.00	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	$6,814,025	$1,842,561	$39,389,531	$4,971,464
2024	$2,875,886	$1,785,114	$32,747,638	$1,090,772
2023	$2,146,058	$1,439,689	$29,087,246	$706,369
2022	$2,632,197	$1,284,086	$27,204,455	$1,348,111
2021	$2,404,154	$2,771,380	$29,950,103	$-367,226
2020	$5,861,804	$3,765,410	$26,358,394	$2,096,394
2019	$2,386,460	$1,678,817	$24,648,474	$707,643

WESTERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC