NORWALK, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE MISSION OF THE NORWALK COMMUNITY COLLEGE FOUNDATION IS THREEFOLD: 1) RAISE FUNDS FOR CT STATE COMMUNITY COLLEGE NORWALK PROGRAMS AND SCHOLARSHIPS. (2) INVEST, ADMINISTER AND DISTRIBUTE FUNDS SO THAT STUDENTS OF ALL AGES CONTINUE TO BENEFIT FROM CHALLENGING OPPORTUNITIES FOR SELF-IMPROVEMENT AND INTELLECTUAL GROWTH. (3) INSPIRE AND ENGAGE OUR COMMUNITY TO SHARE TALENTS AND RESOURCES.
THE DISTRIBUTION OF SCHOLARSHIPS IS ONE OF THE PRIMARY OBJECTIVES OF THE FOUNDATION. IN THE 2024/2025 ACADEMIC YEAR, 579 STUDENTS WERE AWARDED SCHOLARSHIPS. THE AMOUNT REPORTED ABOVE IS FOR THE...
THE DISTRIBUTION OF SCHOLARSHIPS IS ONE OF THE PRIMARY OBJECTIVES OF THE FOUNDATION. IN THE 2024/2025 ACADEMIC YEAR, 579 STUDENTS WERE AWARDED SCHOLARSHIPS. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2025. SCHOLARSHIPS BESTOW ON STUDENTS A VALUABLE SENSE OF RECOGNITION AND ACCOMPLISHMENT AS WELL AS IMPORTANT FINANCIAL SUPPORT. OUR SCHOLARSHIP DONORS INCLUDE PRIVATE INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS, ALL OF WHOM ARE COMMITTED TO MAKING AN EDUCATION AFFORDABLE FOR CT STATE NORWALK STUDENTS. THE FOUNDATION'S SCHOLARSHIP PROCESS IS COMPETITIVE, AND ACADEMIC ACHIEVEMENT IS A PRIMARY CONSIDERATION. HOWEVER, FINANCIAL NEED, SPECIAL CIRCUMSTANCES, AND PERSONAL QUALITIES ARE ALSO CONSIDERED IN AWARDING SCHOLARSHIPS. SCHOLARSHIP APPLICATIONS ARE ADMINISTERED ACCORDING TO POLICIES.
THE FOUNDATION SUPPORTS CT STATE COMMUNITY COLLEGE NORWALK TO FURTHER THE DEVELOPMENT OF THE STUDENT BODY BY PROVIDING FUNDING FOR A VARIETY OF PROGRAMS AND INITIATIVES. THE AMOUNT REPORTED ABOVE IS...
THE FOUNDATION SUPPORTS CT STATE COMMUNITY COLLEGE NORWALK TO FURTHER THE DEVELOPMENT OF THE STUDENT BODY BY PROVIDING FUNDING FOR A VARIETY OF PROGRAMS AND INITIATIVES. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2025.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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