NASSAU COMMUNITY COLLEGE FOUNDATION INC (EIN 112533314) - 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

1979

Legal Domicile

Principal Officer

MICHAEL MCGINTY

Phone

5165727943

Tax Period

2023-09-01 to 2024-08-31

NASSAU COMMUNITY COLLEGE FOUNDATION INC, founded in 1979, is a small nonprofit in the Education sector that reported $847K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $978K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF NEW YORK STATE FOR THE PRINCIPAL PURPOSE OF ACCEPTING, HOLDING, INVESTING AND ADMINISTERING ANY PROCEEDS OR PROPERTIES RESULTING FROM GIFTS, BEQUESTS, DEVISES OR FUNDRAISING ACTIVITIES AND DISBURSING OR DONATING THE INCOME OR PRINCIPAL THEREOF FOR BENEFIT OF NASSAU COMMUNITY COLLEGE INCLUDING, AMONG OTHER THINGS, THE MAKING OF GRANTS AND SCHOLARSHIPS TO FACULITY AND STUDENTS, THE MAKING OF GRANTS TO NASSAU COMMUNITY COLLEGE FOR OPERATING AND CAPITAL EXPENDITURES, AND FINANCIAL ASSISTANCE FOR CONTINUING DEVELOPMENT OF THE FACULTY AND STAFF AND PROGRAMS OF NASSAU 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 (2023)

Revenue Breakdown

Contributions & Grants $775,258

Program Service Revenue $0

Investment Income $124,559

Other Revenue $-52,502

TOTAL REVENUE $847,315

Expense Breakdown

Grants Paid $883,298

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $883,298

Other Expenses $94,272

TOTAL EXPENSES $977,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$847,315	$726,034	+0.2%
Expenses	$977,570	$1,085,929	-0.1%
Net Income	$-130,255	$-359,895	-0.6%

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

N/A

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

$170,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL G MCGINTY	CHAIR	2.00	Officer Director	$0	$0	$0
VICTORIA ORTIZ-KLEINSCHMIDT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NICHOLAS TERZULLI	TREASURER	2.00	Officer Director	$0	$0	$0
AMY AMATO	DIRECTOR	0.20	Director	$0	$0	$0
DR AZAD K ANAND	DIRECTOR	0.20	Director	$0	$0	$0
THOMAS CAVALLARO	DIRECTOR	0.20	Director	$0	$0	$0
JULIE DE LA LASTRA	DIRECTOR	0.20	Director	$0	$0	$0
JOHN A DEGRACE	DIRECTOR	0.20	Director	$0	$0	$0
INGRID DODD	DIRECTOR	0.20	Director	$0	$0	$0
RANDI SHUBIN DRESNER	DIRECTOR	0.20	Director	$0	$0	$0
JOHN R DURSO	DIRECTOR	0.20	Director	$0	$0	$0
DANIEL HANSEN	DIRECTOR	1.20	Director	$0	$0	$0
RICHARD KESSEL	DIRECTOR	2.20	Director	$0	$0	$0
JERRY KORNBLUTH	DIRECTOR	3.20	Director	$0	$0	$0
DR KISHORE KUNCHAM	DIRECTOR	4.20	Director	$0	$0	$0
LARISSA LONGCHAMP	DIRECTOR	5.20	Director	$0	$0	$0
JOSPEH MOSCOLA	DIRECTOR	0.20	Director	$0	$0	$0
LUCILLE OKEN	DIRECTOR	0.20	Director	$0	$0	$0
PAUL SCHMIDT	DIRECTOR, THRU 02/2024	0.20	Director	$0	$0	$0
RAY SCHWETZ	DIRECTOR	0.20	Director	$0	$0	$0
JONATHAN SOBEL	DIRECTOR	0.20	Director	$0	$0	$0
RAY TEJEDA	DIRECTOR	0.20	Director	$0	$0	$0
NIKKI THEISSEN	DIRECTOR	0.20	Director	$0	$0	$0
BEN TORRES	DIRECTOR	0.20	Director	$0	$0	$0
ANN WEBER-HUGHES	DIRECTOR	0.20	Director	$0	$0	$0
RUDELL J BREEDY	EXECUTIVE DIRECTOR	35.00	Officer	$134,712	$35,558	$170,270
DR MARIA P CONZATTI	CHIEF ADMINISTRATIVE OFFICER	2.00	Officer	$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
2024	$847,315	$977,570	$4,520,807	$-130,255
2023	$726,034	$1,085,929	$4,851,987	$-359,895
2022	$1,090,004	$795,839	$5,146,099	$294,165
2021	$1,427,281	$673,186	$4,587,470	$754,095
2020	$877,355	$823,857	$3,783,636	$53,498
2019	$1,185,750	$979,190	$3,753,842	$206,560
2018	$1,146,162	$1,024,125	$3,471,695	$122,037

NASSAU COMMUNITY COLLEGE FOUNDATION INC