TRUSTEES OF UNION COLLEGE IN THE TOWN OF SCHENECTADY IN THE STATE OF NEW YORK (EIN 141338580) - 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

1795

Legal Domicile

Principal Officer

DAVID R HARRIS

Phone

5183886104

Tax Period

2022-07-01 to 2023-06-30

TRUSTEES OF UNION COLLEGE IN THE TOWN OF SCHENECTADY IN THE STATE OF NEW YORK, founded in 1795, is a major nonprofit in the Education sector that reported $201.6M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Net assets of $713.3M represent 42 months of operating reserves.

Mission

UNION COLLEGE DEVELOPS EVERY STUDENT TO LEAD WITH WISDOM, EMPATHY, AND COURAGE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $19,167,226

Program Service Revenue $157,670,694

Investment Income $20,931,299

Other Revenue $3,861,448

TOTAL REVENUE $201,630,667

Expense Breakdown

Grants Paid $67,529,368

Salaries & Benefits $85,486,513

Fundraising Expenses $7,972,335

Program Expenses $187,837,590

Other Expenses $62,755,480

TOTAL EXPENSES $215,771,361

Year-over-Year Comparison

	2022	2021	Change
Revenue	$201,630,667	$225,623,488	-0.1%
Expenses	$215,771,361	$205,022,585	+0.1%
Net Income	$-14,140,694	$20,600,903	-1.7%

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

2296

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

$2,121,419

Total Directors

$1,103,280

Key Employees

$1,187,996

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID R HARRIS VOTING	PRESIDENT/TRUSTEE EX OFFICIO	40.00	Officer Director	$742,144	$111,264	$853,408
ANDREW MORRIS	FACULTY TRUSTEE (THRU 05/2023)	40.00	Director	$90,234	$51,997	$142,231
CHAD ORZEL	FACULTY TRUSTEE	1.00	Director	$65,935	$41,706	$107,641
SHARI MIDONECK-POCHAPIN	TERM TRUSTEE	1.00	Director	$0	$0	$0
ROBERT J MOSER	TERM TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM PERLSTEIN	TERM TRUSTEE/GENERAL COUNSEL	2.30	Officer Director	$0	$0	$0
LINDA ABRIOLA	TERM TRUSTEE	1.00	Director	$0	$0	$0
ROBERT BERTAGNA	TERM TRUSTEE/CHAIRMAN	3.30	Officer Director	$0	$0	$0
DAVID J BREAZZANO	LIFE TRUSTEE	1.50	Director	$0	$0	$0
KATHLEEN R BROWNE	TERM TRUSTEE	1.00	Director	$0	$0	$0
THOMAS CAULFIELD	TERM TRUSTEE	1.00	Director	$0	$0	$0
THOMAS J COLEMAN	TERM TRUSTEE	2.50	Director	$0	$0	$0
DENNIS M COLEMAN	TERM TRUSTEE	1.00	Director	$0	$0	$0
THOMAS G CONNOLLY	TERM TRUSTEE	1.00	Director	$0	$0	$0
ESTELLE COOKE-SAMPSON	TERM TRUSTEE	1.00	Director	$0	$0	$0
JUDITH DEIN	TERM TRUSTEE	1.00	Director	$0	$0	$0
RICHARD DELANEY	TERM TRUSTEE	1.00	Director	$0	$0	$0
PETER KWETU HAVILAND-EDUAH	ALUMNI TRUSTEE	1.00	Director	$0	$0	$0
NEIL M GOLUB	LIFE TRUSTEE	1.00	Director	$0	$0	$0
JULIE GREIFER-SWIDLER	TERM TRUSTEE/CHAIR	1.50	Officer Director	$0	$0	$0
ALEXIS HENRIKSON	STUDENT TRUSTEE (THRU 05/2023)	1.00	Director	$0	$0	$0
ARTHUR HOLDEN	TERM TRUSTEE	1.50	Director	$0	$0	$0
JOHN K JOHNSON	ALUMNI TRUSTEE	1.00	Director	$0	$0	$0
DOUGLASS KARP	LIFE TRUSTEE	1.50	Director	$0	$0	$0
BRAD S KARP	TERM TRUSTEE	1.50	Director	$0	$0	$0
JOHN E KELLY III	LIFE TRUSTEE	1.00	Director	$0	$0	$0
JEFF LIPSITZ	TERM TRUSTEE	1.00	Director	$0	$0	$0
GUY T LOGAN	TERM TRUSTEE/VICE CHAIR	1.00	Director	$0	$0	$0
VINCENT MATTONE	ALUMNI TRUSTEE	1.00	Director	$0	$0	$0
BETSY MODEST BRAND	ALUMNI TRUSTEE (THRU 05/2023)	1.00	Director	$0	$0	$0
SARAH PONTIUS	TERM TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER SCONYERS LAWTON	TERM TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN STEFANIK BARRY	TERM TRUSTEE/SECRETARY	1.00	Officer Director	$0	$0	$0
MARK L WALSH	LIFE TRUSTEE (THRU 05/2023)	1.00	Director	$0	$0	$0
WILLIAM M WICKER	TERM TRUSTEE (THRU 05/2023)	1.50	Director	$0	$0	$0
GOVERNOR KATHY HOCHUL	EX-OFFICIO	1.00	Director	$0	$0	$0
PAUL D GINSBERG	TERM TRUSTEE	1.00	Director	$0	$0	$0
KENYA LENOIR MESSER	TERM TRUSTEE	1.00	Director	$0	$0	$0
EMILY STEIN	STUDENT TRUSTEE	1.00	Director	$0	$0	$0
JAEY FREELAND - CHAIR	PRESIDENT'S COUNCIL (AS OF 05/2023)	1.00	Director	$0	$0	$0
DAVID L HENLE	LIFE TRUSTEE (THRU 05/2023)	1.50	Director	$0	$0	$0
ROY JACKSON	TERM TRUSTEE (THRU 05/2023)	1.00	Director	$0	$0	$0
JASON KELLMAN	TERM TRUSTEE (AS OF 05/2023)	1.00	Director	$0	$0	$0
FRANK L MESSA	LIFE TRUSTEE (THRU 05/2023)	1.50	Director	$0	$0	$0
PETER RAYMOND	ALUMNI TRUSTEE (AS OF 05/2023)	1.00	Director	$0	$0	$0
KRISANNA SCHEITER	FACULTY TRUSTEE (AS OF 05/2023)	1.00	Director	$0	$0	$0
EASTWOOD YEBOAH	STUDENT TRUSTEE (AS OF 05/2023)	7.00	Director	$0	$0	$0
SCOTT JONES	VP FOR ADMINISTRATION & FINANCE	40.00	Officer	$273,736	$68,647	$342,383
DARCY CZAJKA	VP AND CHIEF OF STAFF	40.00	Officer	$195,033	$27,584	$222,617
MAURA MACK HISGEN - INTERIM	VP FOR COLLEGE RELATIONS/ASST. SEC.	40.00	Officer	$177,577	$40,070	$217,647
SARAH FARSAD	REGISTRAR	40.00	Officer	$112,902	$48,213	$161,115
MICHELLE ANGRIST - VP ACADEMIC	AFFAIRS/DEAN FACULTY (AS OF 05/2022)	40.00	Officer	$256,982	$67,267	$324,249
ROBERT PARKER	VP FOR COLLEGE RELATIONS	40.00	Key Emp	$292,776	$71,331	$364,107
MATTHEW MALATESTA	VP FOR ADMISSIONS, FA & ENROLLMENT	40.00	Key Emp	$220,998	$140,668	$361,666
ELLEN YU	CHIEF INFORMATION OFFICER	40.00	Key Emp	$196,367	$59,933	$256,300
FRAN'CEE BROWN-MCCLURE	VP STUD AFF & DEAN STUDENTS	40.00	Key Emp	$178,231	$27,692	$205,923
JAMES MCLAUGHLIN	DIRECTOR OF ATHLETICS	40.00	Highest	$201,045	$90,977	$292,022
ERIC BENNETT	HEAD MEN'S ICE HOCKEY COACH	40.00	Highest	$248,218	$23,312	$271,530
SCOTT RAVA	ASST. VP & CAMPAIGN DIRECTOR	40.00	Highest	$172,238	$67,910	$240,148
HANS FRIEDRICH O MUELLER	THOMAS LAMONT PROF. ANCT & MDRN LIT.	40.00	Highest	$176,173	$47,346	$223,519
ALICIA BUCHNAN	CONTROLLER	40.00	Highest	$146,324	$19,721	$166,045
REBECCA CORTEZ	FORMER FACULTY TRUSTEE	40.00		$138,246	$17,289	$155,535
STROM THACKER	PROFESSOR/FORMER OFFICER	40.00		$181,911	$78,254	$260,165

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	No data	No data	No data	No data
2023	$201,630,667	$215,771,361	$917,945,737	$-14,140,694
2022	$225,623,488	$205,022,585	$919,525,095	$20,600,903
2021	$197,804,663	$186,064,892	$1,010,860,824	$11,739,771
2020	$220,248,561	$183,275,004	$894,925,888	$36,973,557
2019	$209,889,545	$183,764,804	$858,695,559	$26,124,741
2018	$191,461,975	$179,845,268	$845,680,588	$11,616,707

TRUSTEES OF UNION COLLEGE IN THE TOWN OF SCHENECTADY IN THE STATE OF NEW YORK