STUDENT SENATE ASSOCIATION OF PURC… - 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

1972

Legal Domicile

Principal Officer

PATRICIA BICE

Phone

9142516962

Tax Period

2024-07-01 to 2025-06-30

STUDENT SENATE ASSOCIATION OF PURCHASE INC, founded in 1972, is a small nonprofit that reported $784K in total revenue in fiscal year 2024. Expenses of $722K left a modest 8% surplus.

Mission

TO REPRESENT, ADVOCATE, AND FURTHER THE INTERESTS AND WELFARE OF THE STUDENTS OF PURCHASE COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $477,251 Revenue: $778,310

THE ASSOCIATION PROMOTES STUDENT ACTIVITIES TO ENHANCE THE QUALITY OF EDUCATION FOR THE STUDENTS AT PURCHASE COLLEGE, SUNY.

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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 $778,310

Investment Income $58

Other Revenue $5,300

TOTAL REVENUE $783,668

Expense Breakdown

Grants Paid $26,104

Salaries & Benefits $204,821

Fundraising Expenses $0

Program Expenses $477,251

Other Expenses $490,924

TOTAL EXPENSES $721,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,668	$740,609	+0.1%
Expenses	$721,849	$759,843	-0.1%
Net Income	$61,819	$-19,234	-4.2%

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

105

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

$21,960

Total Directors

$37,753

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ME'ILANI NELSON	PRESIDENT (8/15/24-9/18/24)	15.00	Officer Director	$4,240	$0	$4,240
RACHAEL GIRSANG	VICE PRESIDENT	15.00	Officer Director	$6,440	$0	$6,440
SOPHIA PALLOZZI	PRESIDENT (BEG 10/14/24), PREV CHAIR OF SENATE	15.00	Officer Director	$6,400	$0	$6,400
MADISON VALDEZ	COORDINATOR OF CLUBS, ORGS	15.00	Director	$6,400	$0	$6,400
NEENA GOVEA	COORDINATOR OF FINANCE (8/15-11/6)	15.00	Officer Director	$3,400	$0	$3,400
GARRETT ABELL	STUDENT ACTIVITIES COORDINATOR (8/15/24-11/6/24)	15.00	Director	$2,520	$0	$2,520
SEDAJAH LANCE STEWART	COORDINATOR OF PUBLIC AFFAIRS	15.00	Director	$4,560	$0	$4,560
ORION MORGAN	CHAIR OF THE SENATE (BEGAN 10/14/24)	15.00	Officer Director	$1,480	$0	$1,480
HARLEY COLLETTI	STUDENT ACTIVITIES COORDINATOR (BEGAN 11/22/24)	15.00	Director	$2,313	$0	$2,313
VICTOR VYSSOTSKI	COORDINATOR OF FINANCE (BEGAN 4/21/25)	15.00	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	$783,668	$721,849	$843,994	$61,819
2024	$740,609	$759,843	$790,520	$-19,234
2023	$732,385	$754,933	$885,064	$-22,548
2022	$767,741	$665,240	$821,114	$102,501
2021	$494,224	$413,070	$721,172	$81,154
2020	$739,731	$515,926	$637,928	$223,805
2019	$829,571	$943,403	$421,618	$-113,832

STUDENT SENATE ASSOCIATION OF PURCHASE INC