HOUSATONIC COMMUNITY COLLEGE FOUNDATION INC (EIN 061291848) - 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

1990

Legal Domicile

Principal Officer

ALEXIS P SALSEDO-SUROVOV

Phone

2033325078

Tax Period

2023-07-01 to 2024-06-30

HOUSATONIC COMMUNITY COLLEGE FOUNDATION INC, founded in 1990, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 12% surplus.

Mission

THE FOUNDATION SUPPORTS STUDENTS AT HOUSATONIC THROUGH SCHOLARSHIPS, EQUITY PROGRAMS, BOOK AND EMERGENCY FUNDS, FOOD PANTRY, THE ENTREPRENEURSHIP CENTER, STEAM AND OTHER STUDENT LEARNING ENHANCEMENTS.THE FOUNDATION'S STAFF AND BOARD OF DIRECTORS REMAIN COMMITTED TO STUDENT SUCCESS AND ASSURING LEARNING OPPORTUNITIES FOR ALL ENRICHING LIVES, INVIGORATING OUR COMMUNITY AND CREATING MEANINGFUL CAREER PATHS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,588,738

Program Service Revenue $0

Investment Income $141,211

Other Revenue $1,296

TOTAL REVENUE $1,731,245

Expense Breakdown

Grants Paid $1,220,122

Salaries & Benefits $0

Fundraising Expenses $66,073

Program Expenses $1,311,834

Other Expenses $301,795

TOTAL EXPENSES $1,521,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,731,245	$1,501,468	+0.2%
Expenses	$1,521,917	$1,310,912	+0.2%
Net Income	$209,328	$190,556	+0.1%

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

$183,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH CORPREW	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURIE GILES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEN CUTRALI	TREASURER	1.00	Officer Director	$0	$0	$0
ENRICO R COSTANTINI	SECRETARY	1.00	Officer Director	$0	$0	$0
LIZ BALL	DIRECTOR	1.00	Director	$0	$0	$0
RINA BAKALAR	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN COLON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FEMI	DIRECTOR	1.00	Director	$0	$0	$0
MARK FLORAMO	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN FORD	DIRECTOR	1.00	Director	$0	$0	$0
LINDY LEE GOLD	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE KING	DIRECTOR	1.00	Director	$0	$0	$0
BEN MAINI CPA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE MCBRIDE JR	DIRECTOR	1.00	Director	$0	$0	$0
MATT MCCARTHY CPA	DIRECTOR	1.00	Director	$0	$0	$0
RAMON PERALTA	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE STARKS	DIRECTOR THRU 03/2024	1.00	Director	$0	$0	$0
DOUG WADE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY JELENIK	EXECUTIVE DIRECTOR	40.00	Officer	$131,432	$52,129	$183,561

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	No data	No data	No data	No data
2024	$1,731,245	$1,521,917	$3,495,591	$209,328
2023	$1,501,468	$1,310,912	$3,367,889	$190,556
2022	$2,266,039	$1,107,873	$2,901,380	$1,158,166
2021	$1,142,787	$959,216	$2,131,357	$183,571
2020	$1,056,793	$1,317,725	$1,622,214	$-260,932
2019	$1,263,411	$1,547,561	$1,896,447	$-284,150

HOUSATONIC COMMUNITY COLLEGE FOUNDATION INC