FACULTY STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NY AT STONY BROOK INC (EIN 111986378) - 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

RICK GATTEAU

Phone

6316321731

Tax Period

2024-07-01 to 2025-06-30

FACULTY STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NY AT STONY BROOK INC, founded in 1957, is a mid-sized nonprofit in the Education sector that reported $79.0M in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. Expenses of $103.2M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO ACHIEVE ITS VISION, FSA COMMITS ITSELF TO:MAINTAINING AND ENHANCING THE QUALITY, DIVERSITY, COST, AND VALUE OF FOOD IN THE CAMPUS DINING PROGRAMS; MAINTAINING AND, WHERE POSSIBLE, IMPROVING FISCALLY PRUDENT AND AFFORDABLE FOOD PLANS FOR STUDENTS; ENSURING THE AVAILABILITY OF DESIRED AND APPROPRIATE MERCHANDISE, PRODUCTS, AND SERVICES FOR THE CAMPUS COMMUNITY; FOSTERING AND SUPPORTING A COMMUNITY IDENTITY THAT CONNECTS ALL OF THE CAMPUS AND COMMUNITY CONSTITUENCIES TO STONY BROOK UNIVERSITY'S MISSION BY SUPPORTING ACADEMIC, ATHLETIC, CULTURAL, HEALTHCARE, RESEARCH, AND COMMUNITY-BASED CAMPUS EVENTS; MAINTAINING CONTACT WITH PEER AND ASPIRATIONAL INSTITUTIONS TO KEEP CURRENT ON EMERGING TRENDS RELATIVE TO FSA'S FUNCTIONS ON THE CAMPUS; SUPPORTING THE CAMPUS' CORE MISSION OF ACADEMICS, RESEARCH, SCHOLARSHIP AND INTELLECTUAL CREATIVITY, INCLUSIVITY, AND SUSTAINABILITY.

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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 $0

Program Service Revenue $11,745,426

Investment Income $-16,644,124

Other Revenue $83,928,031

TOTAL REVENUE $79,029,333

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $28,670,325

Fundraising Expenses $0

Program Expenses $102,287,095

Other Expenses $74,043,857

TOTAL EXPENSES $103,214,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,029,333	$40,173,201	+1.0%
Expenses	$103,214,182	$41,825,576	+1.5%
Net Income	$-24,184,849	$-1,652,375	+13.6%

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

513

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

$1,934,613

Total Directors

$2,935,787

Key Employees

$473,488

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK GATTEAU	BOARD PRESIDENT	5.00	Officer Director	$0	$57,865	$531,675
LAWRENCE ZACARESE	BOARD VICE PRESIDENT	5.00	Officer Director	$0	$33,415	$572,090
JED SHIVERS	TREASURER	0.50	Officer Director	$0	$61,015	$561,803
KATHLEEN MONAHAN	VOTING MEMBER	0.50	Director	$0	$33,260	$188,329
CATHERINE-MARY RIVERA	VOTING MEMBER	0.50	Director	$0	$20,520	$227,288
TRACEY IORIO	VOTING MEMBER	0.50	Director	$0	$24,652	$111,002
DANLING JIANG	VOTING MEMBER	0.50	Director	$0	$67,915	$436,985
KENYA LEWIS	VOTING MEMBER	0.50	Director	$0	$28,708	$306,615
BINDU BHARGAVA CHITAM	VOTING MEMBER	0.50	Director	$0	$0	$0
NISTHA BOGHRA	VOTING MEMBER	0.50	Director	$0	$0	$0
LUCA RALLIS	VOTING MEMBER	5.00	Director	$0	$0	$0
LEON VERKHOVSKY	VOTING MEMBER	5.00	Director	$0	$0	$0
DIANA KUBIK	EXECUTIVE DIRECTOR & CFO	40.00	Officer	$249,196	$19,849	$269,045
MICHAEL WEST	SBUH DIRECTOR OF DINING SERVICES	40.00	Key Emp	$206,422	$44,183	$250,605
DAWN VILLACCI	DIRECTOR OF ENGAGEMENT & GUEST EXPERIENCE	40.00	Key Emp	$173,970	$48,913	$222,883
SHANNON CRESSY	SHH FOOD SERVICES DIRECTOR	40.00	Highest	$147,781	$11,843	$159,624
ANTHONY GENTILE	FACILITIES MANAGER (FORMER)	40.00	Highest	$144,993	$32,121	$177,114
WILFREDO WILKIE	LISVH DIRECTOR OF NUTRITIONAL SVCS	40.00	Highest	$141,193	$16,990	$158,183
DANIEL WALKER	LISVH DIRECTOR OF FOOD SERVICE	40.00	Highest	$139,354	$908	$140,262
PHILIP HERBST	DIRECTOR OF FACILITIES	40.00	Highest	$137,756	$38,500	$176,256

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	$79,029,333	$103,214,182	$59,238,861	$-24,184,849
2024	No data	No data	No data	No data
2023	$35,496,994	$36,476,146	$56,851,293	$-979,152
2022	$31,334,535	$29,447,372	$54,956,974	$1,887,163
2021	$24,530,055	$27,716,786	$57,137,192	$-3,186,731
2020	$29,428,349	$28,901,616	$63,687,816	$526,733
2019	$34,224,491	$31,223,317	$62,120,440	$3,001,174
2018	$33,966,164	$32,382,015	$63,088,841	$1,584,149

FACULTY STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NY AT STONY BROOK INC