QUEENS COLLEGE FOUNDATION INC (EIN 116080521) - 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

1980

Legal Domicile

Principal Officer

LAURIE F DORF

Phone

7189975408

Tax Period

2023-07-01 to 2024-06-30

QUEENS COLLEGE FOUNDATION INC, founded in 1980, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.0M, a strong 46% operating margin.

Mission

THE FOUNDATION'S PRIMARY PURPOSE IS TO SOLICIT, MANAGE, AND ADMINISTER CONTRIBUTIONS MADE BY PRIVATE DONORS TO THE COLLEGE. AS AN INTEGRAL PART OF ITS MISSION OF MAINTAINING AND STRENGTHENING THE ACADEMIC EXCELLENCE OF THE COLLEGE, THE FOUNDATION ADMINISTERS FUNDS, THE PROCEEDS OF WHICH ARE USED TO SUPPORT THE COLLEGE'S SERVICES AND ACTIVITIES NOT FULLY FUNDED BY STATE AND CITY TAX LEVIES, AS WELL AS EDUCATIONAL NEEDS SUCH AS SCHOLARSHIPS, SPECIAL ACADEMIC PROGRAMS AND OTHER ACTIVITIES. THE FOUNDATION ALSO MANAGES RESTRICTED AND ENDOWED GIFT ACCOUNTS AND ALLOCATES SUCH INCOME AS PRESCRIBED BY THE RESPECTIVE DONORS.

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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 $10,219,164

Program Service Revenue $0

Investment Income $11,462,225

Other Revenue $-27,983

TOTAL REVENUE $21,653,406

Expense Breakdown

Grants Paid $3,493,541

Salaries & Benefits $2,944,785

Fundraising Expenses $834,369

Program Expenses $8,401,700

Other Expenses $5,224,157

TOTAL EXPENSES $11,662,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,653,406	$12,520,751	+0.7%
Expenses	$11,662,483	$10,838,727	+0.1%
Net Income	$9,990,923	$1,682,024	+4.9%

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

$770,391

Total Directors

$495,926

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAIM Z WACHSBERGER	CHAIR	1.00	Officer Director	$0	$0	$0
FRANK H WU	PRESIDENT	1.00	Officer Director	$0	$31,248	$495,926
HOWARD SIPZNER	TREASURER	1.00	Officer Director	$0	$0	$0
SAUL J KUPFERBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM BEHLMAN	TRUSTEE	1.00	Director	$0	$0	$0
AMBER A GUTH	TRUSTEE	1.00	Director	$0	$0	$0
CAROL J HOCHMAN	TRUSTEE	1.00	Director	$0	$0	$0
CELESTE A GUTH	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES SWARNS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CHU	TRUSTEE	1.00	Director	$0	$0	$0
DAVID I WEINER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ROSEN	TRUSTEE	1.00	Director	$0	$0	$0
DINA PERRY	TRUSTEE	1.00	Director	$0	$0	$0
DONALD BROWNSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS E RESS	TRUSTEE	1.00	Director	$0	$0	$0
FREDA S JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
GAIL A MARQUIS	TRUSTEE	1.00	Director	$0	$0	$0
HARRIS M HOROWITZ	TRUSTEE	1.00	Director	$0	$0	$0
IRA B LAMPERT	TRUSTEE	1.00	Director	$0	$0	$0
JAMES A MITAROTONDA	TRUSTEE (THRU 5/24)	1.00	Director	$0	$0	$0
JAMIE KLEIN	TRUSTEE	1.00	Director	$0	$0	$0
JULIUS MERCADO	TRUSTEE	1.00	Director	$0	$0	$0
LEE FENSTERSTOCK	TRUSTEE	1.00	Director	$0	$0	$0
MARK E ROSE	TRUSTEE	1.00	Director	$0	$0	$0
MAX RODRIGUEZ	TRUSTEE	1.00	Director	$0	$0	$0
OLIVIER F NOEL	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD BARAKAT	TRUSTEE (THRU 1/24)	1.00	Director	$0	$0	$0
ROBERT WANN	TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL M ARTZT	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE STIEFEL	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN DANIELS	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA A FERNANDEZ	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE DORF	EXECUTIVE DIRECTOR	1.00	Officer	$0	$63,136	$274,465
MAUREEN GIANNOTTI	CONTROLLER	35.00	Highest	$151,893	$0	$151,893

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	$21,653,406	$11,662,483	$113,382,842	$9,990,923
2023	$12,520,751	$10,838,727	$102,852,173	$1,682,024
2022	$18,045,917	$9,171,905	$97,271,306	$8,874,012
2021	$13,972,395	$9,460,349	$103,882,868	$4,512,046
2020	$12,040,849	$9,598,443	$85,653,933	$2,442,406
2019	$13,373,004	$10,454,965	$82,817,313	$2,918,039
2018	$22,253,429	$9,021,998	$82,193,080	$13,231,431

QUEENS COLLEGE FOUNDATION INC