QUEENSBOROUGH COMMUNITY COLLEGE FUND INC (EIN 112386540) - 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

1975

Legal Domicile

Principal Officer

CHARLENE PROUNIS

Phone

7186316244

Tax Period

2024-07-01 to 2025-06-30

QUEENSBOROUGH COMMUNITY COLLEGE FUND INC, founded in 1975, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $559K, a strong 30% operating margin.

Mission

TO BENEFIT QUEENSBOROUGH COMMUNITY COLLEGE STUDENTS BY RAISING FUNDS FROM PRIVATE SOURCES TO ADVANCE THE EDUCATIONAL & CULTURAL PROGRAMS OF QUEENSBOROUGH COMMUNITY COLLEGE.

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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 $1,033,257

Program Service Revenue $0

Investment Income $769,334

Other Revenue $64,248

TOTAL REVENUE $1,866,839

Expense Breakdown

Grants Paid $479,783

Salaries & Benefits $76,648

Fundraising Expenses $50,935

Program Expenses $1,176,046

Other Expenses $751,456

TOTAL EXPENSES $1,307,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,866,839	$1,247,452	+0.5%
Expenses	$1,307,887	$1,065,851	+0.2%
Net Income	$558,952	$181,601	+2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLENE PROUNIS	CHAIR	2.00	Officer Director	$0	$0	$0
RONALD S APPEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RIZWAN QURESHI	TREASURER	2.00	Officer Director	$0	$0	$0
DR JASMIN MOSHIRPUR	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHNSON CHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHIRLEY CHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ILENE S COOPER	BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN FRANKEL	BOARD MEMBER	2.00	Director	$0	$0	$0
PEARL HALEGUA	BOARD MEMBER	2.00	Director	$0	$0	$0
ELEANOR IMPERATO	BOARD MEMBER	2.00	Director	$0	$0	$0
SERGEY KALANTAROW ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
ISHAN KHWAJA	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK KUPFERBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
DR CHRISTINE MANGINO	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDY NG	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON PIEDRA	BOARD MEMBER	2.00	Director	$0	$0	$0
ANTHONY SIMEONE	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID PTANIS	BOARD MEMBER	2.00	Director	$0	$0	$0

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	$1,866,839	$1,307,887	$21,874,625	$558,952
2024	$1,247,452	$1,065,851	$20,001,076	$181,601
2023	$1,807,235	$1,078,002	$18,016,880	$729,233
2022	$2,341,945	$740,444	$16,989,783	$1,601,501
2021	$1,720,680	$953,001	$18,475,501	$767,679
2020	$1,081,301	$677,288	$14,767,097	$404,013
2019	$1,153,132	$754,199	$14,920,025	$398,933
2018	$1,266,745	$680,030	$14,429,631	$586,715

QUEENSBOROUGH COMMUNITY COLLEGE FUND INC