THE COLLEGE OF STATEN ISLAND FOUNDATION INC (EIN 133683723) - 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

1992

Legal Domicile

Principal Officer

JOSEPH FRANZESE

Phone

7189822365

Tax Period

2023-07-01 to 2024-06-30

THE COLLEGE OF STATEN ISLAND FOUNDATION INC, founded in 1992, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 43% operating margin.

Mission

TO ASSIST THE COLLEGE OF STATEN ISLAND BY DEVELOPING AN ONGOING BASE OF SUPPORT FROM ALUMNI AND FRIENDS OF THE COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,896,436

Program Service Revenue $0

Investment Income $425,840

Other Revenue $46,092

TOTAL REVENUE $3,368,368

Expense Breakdown

Grants Paid $846,871

Salaries & Benefits $211,234

Fundraising Expenses $27,825

Program Expenses $1,528,962

Other Expenses $858,032

TOTAL EXPENSES $1,916,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,368,368	$1,224,016	+1.8%
Expenses	$1,916,137	$1,956,195	0.0%
Net Income	$1,452,231	$-732,179	-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
ROBERT CATALANO	TREASURER	3.00	Officer Director	$0	$0	$0
DOLORES MORRIS	SECRETARY	2.00	Officer Director	$0	$0	$0
FRANK LOMBARDO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
COMFORT ASANBE	(EX-OFFICIO) DIRECTOR	1.00	Director	$0	$0	$0
MARILYN CASELLI	DIRECTOR	1.00	Director	$0	$0	$0
JAY CHAZANOFF	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CONTE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CUSICK	DIRECTOR	1.00	Director	$0	$0	$0
SAMIR FARAG	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE GERVASI	DIRECTOR	1.00	Director	$0	$0	$0
YOLANDA GLEASON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LALINE	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY LYNCH	(EX-OFFICIO) DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN PESILE	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS SERRANO	(EX-OFFICIO) DIRECTOR	1.00	Director	$0	$0	$0
VISHAL SHAH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STEIPER	(EX-OFFICIO) DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FRANZESE	BOARD PRESIDENT	4.00	Officer	$0	$0	$0
CHERYL ADOLPH	EXECUTIVE DIRECTOR	14.00	Officer	$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	No data	No data	No data	No data
2024	$3,368,368	$1,916,137	$22,601,959	$1,452,231
2023	$1,224,016	$1,956,195	$19,560,960	$-732,179
2022	$2,646,354	$1,493,305	$18,944,144	$1,153,049
2021	$2,706,040	$1,408,092	$22,247,215	$1,297,948
2020	$2,170,828	$1,464,873	$17,712,024	$705,955
2019	$9,039,643	$1,484,345	$16,749,727	$7,555,298

THE COLLEGE OF STATEN ISLAND FOUNDATION INC