ROCKLAND COMMUNITY COLLEGE ASSOCIA… - Form 990 Financial Data

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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

1961

Legal Domicile

Principal Officer

Andrew Gioseffi

Phone

8455744382

Tax Period

2024-06-01 to 2025-05-31

ROCKLAND COMMUNITY COLLEGE ASSOCIATION, founded in 1961, is a small nonprofit in the Education sector that reported $669K in total revenue in fiscal year 2024. Expenses of $821K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO SUPPLEMENT, ADVANCE, ENRICH AND OPERATE THOSE EDUCATIONAL, RESEARCH, SOCIAL, CULTURAL, RECREATIONAL, WELFARE, LIVING AND FINANCIAL FACILITIES, ACTIVITIES, AND SERVICES AS ARE PROVIDED FOR THE STUDENTS, COMMUNITY, FACULTY AND STAFF OF ROCKLAND COMMUNITY COLLEGE

Program Service Accomplishments

Program 1

Expenses: $575,309

STUDENT INVOLVEMENTTO ADDRESS THE INTERESTS OF OUR DIVERSE STUDENT BODY, STUDENT INVOLVEMENT OFFERS EXCITING OPPORTUNITIES TO MEET NEW FRIENDS AND EXPLORE DIFFERENT CULTURES. THROUGH A VARIETY OF...

STUDENT INVOLVEMENTTO ADDRESS THE INTERESTS OF OUR DIVERSE STUDENT BODY, STUDENT INVOLVEMENT OFFERS EXCITING OPPORTUNITIES TO MEET NEW FRIENDS AND EXPLORE DIFFERENT CULTURES. THROUGH A VARIETY OF PROGRAMS, SERVICES AND ACTIVITIES, STUDENT INVOLVEMENT PROVIDES STUDENTS AN OPPORTUNITY TO BROADEN THEIR COLLEGE EXPERIENCE OUTSIDE OF THE CLASSROOM. PROGRAMS ARE AS FOLLOWS:CO-CURRICULAR TRANSCRIPT PROGRAM: THIS PROGRAM PROVIDES AN OPPORTUNITY FOR STUDENTS TO RECEIVE AN OFFICIAL DOCUMENT THAT LISTS THEIR LEARNING EXPERIENCES BEYOND THE CLASSROOM. THIS IS AN OFFICIAL RECORD OF THE CO-CURRICULAR ACTIVITIES AND ACCOMPLISHMENTS OF OUR STUDENTS, WHICH ISVERIFIED BY AN ADVISOR AND STUDENT INVOLVEMENT.THE STUDY ABROAD PROGRAM IS DESIGNED TO SERVE STUDENTS ENROLLED IN THE SAM DRAPER HONORS PROGRAM AS WELL AS OTHER STUDENTS WHO QUALIFY FOR STUDY AT THE INTERNATIONAL SUMMER SCHOOL PROGRAM AT CAMBRIDGE UNIVERSITY. THESE STUDENTS MOST OF WHOM RECEIVE A PARTIAL SCHOLARSHIP FROM THE SAM DRAPER FUND STUDY AT CAMBRIDGE FOR TWO WEEKS AND ARE ENROLLED IN EXISTING COURSES THAT ARE ACCEPTED BY THE CURRICULUM COMMITTEE OF ROCKLAND COMMUNITY COLLEGE.IN JULY AND AUGUST OF 2024, TWELVE STUDENTS STUDIED SCIENCE, LITERATURE, AND HISTORY,

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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 $659,653

Investment Income $4,086

Other Revenue $5,264

TOTAL REVENUE $669,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,464

Fundraising Expenses $0

Program Expenses $575,309

Other Expenses $695,777

TOTAL EXPENSES $821,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$669,003	$658,851	+0.0%
Expenses	$821,241	$582,419	+0.4%
Net Income	$-152,238	$76,432	-3.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DrLester Rpalo Part Year	Chairman	0.00	Officer Director	$0	$0	$0
Dr Victoria Ukachukwu	Vice Chair	0.00	Officer Director	$0	$0	$0
Janna Liberant	Secretary	4.00	Officer Director	$0	$0	$0
Dr Tinny Chung part year	Director	0.00	Director	$0	$0	$0
William Murphy	Director	0.00	Director	$0	$0	$0
Jessica Stallone	Director	0.00	Director	$0	$0	$0
Matthew Matcovich	Director	40.00	Director	$0	$0	$0
Hafiza Swire-Hosein	Director	0.00	Director	$0	$0	$0
Patricia Zodda	Director	1.00	Director	$0	$0	$0
Selecia Williams	Director	1.00	Director	$0	$0	$0
Elise Hansson	Director	1.00	Director	$0	$0	$0
Abbigaile Cole	Director	1.00	Director	$0	$0	$0
Sophia Carlevaro	Director	1.00	Director	$0	$0	$0
Gregory Becker	Director	1.00	Director	$0	$0	$0
Dr Victor Anaya part year	Director	0.00	Officer 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	$669,003	$821,241	$1,454,385	$-152,238
2024	$658,851	$582,419	$1,392,470	$76,432
2023	$747,474	$796,850	$1,402,727	$-49,376
2022	$932,107	$749,781	$1,313,489	$182,326
2021	$757,946	$738,112	$1,297,615	$19,834
2020	$1,039,055	$1,283,540	$1,363,002	$-244,485
2019	$1,433,718	$1,341,672	$1,387,825	$92,046
2018	$1,181,711	$1,153,863	$1,204,059	$27,848

ROCKLAND COMMUNITY COLLEGE ASSOCIATION