FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK MARITIME COLLEGE (EIN 131706303) - 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

1954

Legal Domicile

Principal Officer

AUDREY GILLANT

Phone

7184094852

Tax Period

2024-07-01 to 2025-06-30

FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK MARITIME COLLEGE, founded in 1954, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 46% operating margin.

Mission

TO SUPPLEMENT AND CONDUCT ACTIVITIES AND SERVICES FOR THE STUDENTS, COMMUNITY, ALUMNI, FACULTY, AND STAFF OF THE STATE UNIVERSITY OF NEW YORK MARITIME, INC. THE ASSOCIATION MANAGES THE OPERATIONS OF THE BOOKSTORE, FOOD SERVICE, STUDENT ACTIVITY FUNDS AND VARIOUS AUXILIARY SERVICES, AND SUPPORTS THE COLLEGE THROUGH FUNDING SCHOLARSHIPS, COLLEGE ADVANCEMENT, PROFESSIONAL DEVELOPMENT, ATHLETICS AND OTHER COLLEGE RELATED PROGRAMS.

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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 $1,181,592

Investment Income $23,673

Other Revenue $1,804,726

TOTAL REVENUE $3,009,991

Expense Breakdown

Grants Paid $242,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,285,903

Other Expenses $1,371,127

TOTAL EXPENSES $1,613,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,009,991	$2,329,202	+0.3%
Expenses	$1,613,127	$1,538,896	+0.0%
Net Income	$1,396,864	$790,306	+0.8%

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

$380,764

Total Directors

$627,116

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUDREY GILLANT	PRESIDENT	1.00	Officer Director	$0	$2,163	$81,127
ANDREW MICHELSON	VICE PRESIDENT	1.00	Officer Director	$0	$2,163	$99,406
ROXANNE THOMPSON	TREASURER	1.00	Officer Director	$0	$8,731	$200,231
THOMAS MURPHY	DIRECTOR	1.00	Director	$0	$1,271	$39,113
JULIE RAMNARAIS	DIRECTOR	1.00	Director	$0	$8,731	$147,952
NOAH GROVER	DIRECTOR	1.00	Director	$0	$1,727	$59,287
MORRIS WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIK AREKLETT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PINTART	DIRECTOR	1.00	Director	$0	$0	$0
DEAN KNEVAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WALSH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER LIEBERMAN	DIRECTOR	1.00	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	$3,009,991	$1,613,127	$6,354,219	$1,396,864
2024	$2,329,202	$1,538,896	$5,645,933	$790,306
2023	$1,935,722	$1,574,027	$4,220,488	$361,695
2022	$1,850,334	$1,389,932	$3,037,128	$460,402
2021	$1,943,623	$1,051,404	$2,589,565	$892,219
2020	$920,336	$930,414	$887,777	$-10,078
2019	$758,065	$1,579,282	$1,405,255	$-821,217

FACULTY-STUDENT ASSOCIATION OF THE STATE UNIVERSITY OF NEW YORK MARITIME COLLEGE