NORWALK COMMUNITY COLLEGE FOUNDATION INC (EIN 066080293) - 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

1965

Legal Domicile

Principal Officer

NANCY VON EULER

Phone

2038577262

Tax Period

2024-07-01 to 2025-06-30

NORWALK COMMUNITY COLLEGE FOUNDATION INC, founded in 1965, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $532K, a strong 16% operating margin.

Mission

FUNDRAISING FOR SCHOLARSHIPS, PROGRAMS AND CAPITAL SUPPORT FOR CT STATE COMMUNITY COLLEGE NORWALK.

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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 $1,932,699

Program Service Revenue $0

Investment Income $1,497,006

Other Revenue $0

TOTAL REVENUE $3,429,705

Expense Breakdown

Grants Paid $1,815,583

Salaries & Benefits $785,430

Fundraising Expenses $232,882

Program Expenses $2,223,509

Other Expenses $296,548

TOTAL EXPENSES $2,897,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,429,705	$5,485,011	-0.4%
Expenses	$2,897,561	$3,026,252	0.0%
Net Income	$532,144	$2,458,759	-0.8%

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

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

$364,263

Total Directors

$115,668

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATALINA HORAK	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH C MCLEAN	DIRECTOR/CHAIR/EXECUTIVE CHAIR	10.00	Officer Director	$0	$0	$0
ELLEN PETRINO	DIRECTOR	1.00	Director	$0	$0	$0
GM O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
JERRY NIELSEN	DIRECTOR/DEVELOPMENT CHAIR	1.00	Director	$0	$0	$0
JON GOLD	DIRECTOR (OUTGOING)	4.00	Director	$0	$0	$0
JOSEPH R ZIMMEL	DIRECTOR (OUTGOING)	1.00	Director	$0	$0	$0
KENNETH BERNHEIM	DIRECTOR/VICE CHAIR	1.00	Director	$0	$0	$0
LAURA ERICKSON	DIRECTOR/GOVERNANCE CHAIR	4.00	Officer Director	$0	$0	$0
LIVIA BARNDOLLAR	DIRECTOR/SCHOLARSHIP CHAIR	4.00	Director	$0	$0	$0
NORADEEN FARLEKAS	DIRECTOR/FINANCE CO-CHAIR	4.00	Director	$0	$0	$0
PHIL SNOW	DIRECTOR/GRANT INV. TF CHAIR	1.00	Director	$0	$0	$0
PORSCHIA TURNER	DIRECTOR	1.00	Director	$0	$0	$0
READ HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GRANATA	DIRECTOR	1.00	Director	$0	$0	$0
TARA LOVANIO	DIRECTOR/SECRETARY	1.50	Director	$0	$0	$0
TOM REYNOLDS	DIRECTOR/TREASURER/FINANCE CO-CHAIR	4.00	Officer Director	$0	$0	$0
VASSO GYFTOPOULOS	DIRECTOR (OUTGOING)	1.00	Director	$0	$0	$0
VINCENT A MURPHY	DIRECTOR	50.00	Officer Director	$113,400	$2,268	$115,668
VINJAY GANDHI	DIRECTOR/AUDIT CHAIR	1.00	Director	$0	$0	$0
KRIS YEAGER	CFO	50.00	Officer	$128,464	$24,547	$153,011
NANCY VON EULER	PRESIDENT & CEO	50.00	Officer	$91,346	$4,238	$95,584

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	$3,429,705	$2,897,561	$40,414,045	$532,144
2024	$5,485,011	$3,026,252	$37,961,128	$2,458,759
2023	$4,227,837	$3,795,923	$35,228,337	$431,914
2022	$5,211,834	$3,399,390	$32,505,867	$1,812,444
2021	$4,946,080	$3,085,106	$35,805,115	$1,860,974
2020	$4,984,594	$3,512,273	$30,346,281	$1,472,321
2019	$3,527,398	$4,027,483	$28,820,258	$-500,085
2018	$3,711,539	$3,081,109	$28,650,165	$630,430

NORWALK COMMUNITY COLLEGE FOUNDATION INC