PURCHASE COLLEGE ASSOCIATION INC P… - 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

1978

Legal Domicile

Principal Officer

PATRICIA BICE

Phone

9142516962

Tax Period

2024-07-01 to 2025-06-30

PURCHASE COLLEGE ASSOCIATION INC PURCHASE COLLEGE SUNY, founded in 1978, is a mid-sized nonprofit in the Education sector that reported $13.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $13.2M left a modest 5% surplus.

Mission

TO PROVIDE AUXILIARY SERVICES TO THE STUDENTS, FACULTY, AND STAFF OF PURCHASE COLLEGE, SUNY.

Program Service Accomplishments

Program 1

Expenses: $11,120,482 Revenue: $11,899,085

PROVIDE FOOD SERVICES TO STUDENTS, FACULTY, STAFF AND THE COMMUNITY.

Program 2

Expenses: $192,518 Revenue: $223,786

TO PROVIDE INSURANCE FOR STUDENTS.

Program 3

Expenses: $1,586,835 Revenue: $1,415,311

PARKING AND TRANSPORTATION, BOOKSTORE, LAUNDRY, VENDING, AND OTHER SERVICES PROVIDED TO RESIDENTIAL AND COMMUTER STUDENTS.

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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 $13,616,857

Investment Income $239,612

Other Revenue $76,555

TOTAL REVENUE $13,933,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $705,192

Fundraising Expenses $0

Program Expenses $13,065,481

Other Expenses $12,537,907

TOTAL EXPENSES $13,243,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,933,024	$12,895,718	+0.1%
Expenses	$13,243,099	$13,100,959	+0.0%
Net Income	$689,925	$-205,241	-4.4%

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

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

$763,199

Total Directors

$1,211,315

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA BICE	PRESIDENT	4.00	Officer Director	$0	$64,951	$293,183
MICHAEL KOPAS	TREASURER	4.00	Officer Director	$0	$13,348	$278,327
MELISSA GLAZER	DIRECTOR	1.00	Director	$0	$32,488	$179,058
BARBARA WASHINGTON	DIRECTOR	1.00	Director	$0	$49,210	$160,908
CARRIE MARTEN	DIRECTOR	1.00	Director	$0	$46,617	$138,373
JENNIFER SHINGELO	DIRECTOR	1.00	Director	$0	$49,274	$161,466
STEPHANIE BLUM	DIRECTOR	1.00	Director	$0	$0	$0
EBONIE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
NICK RUSSO	DIRECTOR	1.00	Director	$0	$0	$0
BEATRIX ECKERT-CHU	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK SAVOLSKIS	EXECUTIVE DIRECTOR	37.50	Officer	$162,049	$29,640	$191,689

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	$13,933,024	$13,243,099	$6,931,741	$689,925
2024	$12,895,718	$13,100,959	$7,015,641	$-205,241
2023	$11,562,429	$12,021,160	$6,783,150	$-458,731
2022	$12,412,930	$11,116,231	$7,359,023	$1,296,699
2021	$4,562,415	$6,916,141	$7,095,237	$-2,353,726
2020	$1,518,549	$2,410,718	$8,357,516	$-892,169
2019	$4,104,390	$3,424,687	$11,474,360	$679,703

PURCHASE COLLEGE ASSOCIATION INC PURCHASE COLLEGE SUNY