BOROUGH OF MANHATTAN COMMUNITY COL… - 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

1984

Legal Domicile

Principal Officer

JULIO IZQUIERDO

Phone

2122208061

Tax Period

2024-07-01 to 2025-06-30

BOROUGH OF MANHATTAN COMMUNITY COLLEGE AUXILIARY ENTERPRISES CORPORATION, founded in 1984, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $530K, a strong 20% operating margin.

Mission

TO PROVIDE AUXILIARY ENTERPRISES, SUCH AS FOOD SERVICES, A BOOKSTORE, ETC., FOR THE BENEFIT OF THE CAMPUS COMMUNITY OF THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $334,517 Revenue: $271,568

ONE OF THE AUXILIARY'S PRINCIPAL EXEMPT PURPOSES IS THE ADMINISTRATIVE OVERSIGHT OF REVENUE-GENERATING ENTREPRENEURIAL ACTIVITIES AT THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE. THE SERVICES INVOLVED ARE GENERALLY OUTSOURCED TO INDEPENDENT PROVIDERS CONTRACTING WITH, AND ANSWERABLE TO, THE AUXILIARY BOARD. THE COLLEGE'S BOOKSTORE, CAFETERIA, AND VENDING OPERATIONS ARE OUTSOURCED TO UNRELATED ORGANIZATIONS; THE AUXILIARY MANAGES THESE ACTIVITIES AND RECEIVES ALL COMMISSIONS EARNED UNDER THE CONTRACT.

Program 2

Expenses: $160,466

THE AUXILIARY PROVIDES SUPPORT TO THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENT SERVICES.

Program 3

Expenses: $725,730

THE AUXILIARY PROVIDES SUPPORT TO THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE FACULTY BY FUNDING THE PROFESSIONAL DEVELOPMENT PROGRAMS FOR FACULTY INVOLVED IN THE CREATING AND TESTING THE ONLINE...

THE AUXILIARY PROVIDES SUPPORT TO THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE FACULTY BY FUNDING THE PROFESSIONAL DEVELOPMENT PROGRAMS FOR FACULTY INVOLVED IN THE CREATING AND TESTING THE ONLINE COURSES.

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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 $271,568

Investment Income $979,459

Other Revenue $1,446,398

TOTAL REVENUE $2,697,425

Expense Breakdown

Grants Paid $885,815

Salaries & Benefits $179,782

Fundraising Expenses $0

Program Expenses $1,714,305

Other Expenses $1,101,891

TOTAL EXPENSES $2,167,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,697,425	$2,807,396	0.0%
Expenses	$2,167,488	$1,453,075	+0.5%
Net Income	$529,937	$1,354,321	-0.6%

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

$238,084

Total Directors

$1,290,894

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICARDO JULIEN	DIRECTOR	2.00	Director	$0	$14,979	$48,473
YULIYA SCHNEYDERMAN	DIRECTOR	2.00	Director	$0	$25,802	$138,758
MARINA ABRAMOV	DIRECTOR	2.00	Director	$0	$28,903	$176,900
JOSHUA BELKNAP	DIRECTOR	2.00	Director	$0	$44,451	$126,048
AINOA INIGO	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTA BAIADA	DIRECTOR	2.00	Director	$0	$0	$0
JULIO IZQUIERDO	CHAIR	5.00	Officer Director	$0	$64,051	$238,084
MICHAEL SPATH	DIRECTOR	2.00	Director	$0	$55,345	$199,763
ENA JORDAN	DIRECTOR	2.00	Director	$0	$27,020	$168,288
MOHAMMAD ALAM	DIRECTOR	2.00	Director	$0	$52,423	$194,580
OSAIROH EGHIYO-ESERE	DIRECTOR	2.00	Director	$0	$0	$0
FANTA KANTE	DIRECTOR	2.00	Director	$0	$0	$0
BENAZIR FAROOQUI	DIRECTOR	2.00	Director	$0	$0	$0
IRVIN SEVERINO	DIRECTOR	2.00	Director	$0	$0	$0
JULIO SACALXOT	DIRECTOR	2.00	Director	$0	$0	$0
KALTOUM MOUSSE CHETIMA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT COX	DIRECTOR	2.00	Director	$0	$0	$0
NAOMI MACHADO	DIRECTOR	2.00	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	$2,697,425	$2,167,488	$31,850,935	$529,937
2024	$2,807,396	$1,453,075	$28,793,503	$1,354,321
2023	$1,077,307	$939,237	$24,158,352	$138,070
2022	$2,731,383	$516,311	$21,094,808	$2,215,072
2021	$1,171,576	$438,980	$22,688,726	$732,596
2020	$1,826,666	$1,144,885	$19,211,975	$681,781
2019	$2,109,381	$604,427	$17,369,616	$1,504,954

BOROUGH OF MANHATTAN COMMUNITY COLLEGE AUXILIARY ENTERPRISES CORPORATION