ST FRANCIS COLLEGE (EIN 111635105) - 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

1957

Legal Domicile

Principal Officer

TIM CECERE

Phone

7184895364

Tax Period

2023-07-01 to 2024-06-30

ST FRANCIS COLLEGE, founded in 1957, is a mid-sized nonprofit in the Education sector that reported $77.9M in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $97.6M exceeded revenue, resulting in a 25% operating deficit.

Mission

ST. FRANCIS COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION (SEE SCHEDULE O)

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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 $3,479,243

Program Service Revenue $69,140,009

Investment Income $3,300,779

Other Revenue $1,954,784

TOTAL REVENUE $77,874,815

Expense Breakdown

Grants Paid $25,995,446

Salaries & Benefits $30,017,440

Fundraising Expenses $480

Program Expenses $75,922,973

Other Expenses $41,571,896

TOTAL EXPENSES $97,584,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,874,815	$186,891,975	-0.6%
Expenses	$97,584,782	$120,862,369	-0.2%
Net Income	$-19,709,967	$66,029,606	-1.3%

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

601

Volunteers

N/A

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

$2,465,962

Total Directors

$359,141

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIS J SALAMONE	TRUSTEE - CHAIR	5.00	Officer Director	$0	$0	$0
BARBARA G KOSTER	TRUSTEE - VICE CHAIR	5.00	Officer Director	$0	$0	$0
JUDY RICE	TRUSTEE - SECRETARY	5.00	Officer Director	$0	$0	$0
BROTHER WILLIAM A BOSLET	TRUSTEE	5.00	Director	$0	$0	$0
TIM CECERE	PRESIDENT (AS OF 4/2024)	35.00	Officer Director	$352,131	$7,010	$359,141
EDWARD N CONSTANTINO	TRUSTEE	5.00	Director	$0	$0	$0
BROTHER LEONARD CONWAY	TRUSTEE	5.00	Director	$0	$0	$0
ARKELL COX	TRUSTEE	5.00	Director	$0	$0	$0
JEAN DESRAVINES	TRUSTEE (TERM 2/2024)	5.00	Director	$0	$0	$0
PATRICK DUGAN	TRUSTEE (AS OF 07/2023)	5.00	Director	$0	$0	$0
MICHAEL MACINTYRE	TRUSTEE	5.00	Director	$0	$0	$0
J CHRISTOPHER MANGAN	TRUSTEE	5.00	Director	$0	$0	$0
VICTOR J MASI	TRUSTEE	5.00	Director	$0	$0	$0
BROTHER GABRIEL O'BRIEN	TRUSTEE	5.00	Director	$0	$0	$0
ANA OLIVEIRA	TRUSTEE	5.00	Director	$0	$0	$0
JOHN F TULLY	TRUSTEE	5.00	Director	$0	$0	$0
HELEN GAUDETTE	TRUSTEE	5.00	Director	$0	$0	$0
MIGUEL MARTINEZ-SAENZ	PRESIDENT (THRU 7/2023)	35.00	Officer	$410,703	$39,342	$450,045
MAUREEN LAWRENCE	CFO (THRU 7/2023)	35.00	Officer	$527,844	$13,680	$541,524
MARK SANDERS	CFO (AS OF 01/2024)	35.00	Officer	$152,635	$0	$152,635
JENNIFER LANCASTER	VP FOR ACADEMIC AFFAIRS	35.00	Officer	$219,938	$34,737	$254,675
DENNIS ANDERSON	PROVOST/SVP FOR ACADEMIC AFFAIRS	35.00	Officer	$309,315	$24,091	$333,406
HAYLEY DRYER	VP AND GENERAL COUNSEL	35.00	Officer	$342,901	$31,635	$374,536
ALLEN BURDOWSKI	DEAN OF SCIENCES	35.00	Highest	$244,450	$13,487	$257,937
JEANNE ARNOLD	CHIEF OF STAFF & CHIEF DIVERSITY OFFICER	35.00	Highest	$395,008	$0	$395,008
KEVIN O'ROURKE	VP OF FACILITIES	35.00	Highest	$252,893	$53,723	$306,616
STANLEY BAZILE	AVP STUDENT AFFAIRS (TERM 6/2024)	35.00	Highest	$254,747	$48,544	$303,291
TIMOTHY J HOULIHAN	ASSOCIATE PROFESSOR	35.00	Highest	$218,636	$41,740	$260,376

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	$77,874,815	$97,584,782	$368,999,187	$-19,709,967
2023	$186,891,975	$120,862,369	$505,951,692	$66,029,606
2022	$81,412,442	$115,170,373	$452,826,805	$-33,757,931
2021	$89,705,791	$104,859,043	$411,618,421	$-15,153,252
2020	$76,282,966	$93,297,456	$145,926,361	$-17,014,490
2019	$70,071,760	$85,666,410	$129,489,424	$-15,594,650
2018	$71,728,507	$79,211,861	$137,086,446	$-7,483,354

ST FRANCIS COLLEGE