UNIVERSITY AUXILIARY SERVICES AT A… - 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

1950

Legal Domicile

Principal Officer

DR MICHAEL CHRISTAKIS

Phone

5184425950

Tax Period

2024-06-01 to 2025-05-31

UNIVERSITY AUXILIARY SERVICES AT ALBANY, founded in 1950, is a mid-sized nonprofit in the Education sector that reported $14.4M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $13.2M left a modest 8% surplus.

Mission

TO PROVIDE FOOD AND AUXILIARY SERVICES (VENDING, BOOKSTORE, LINEN, ETC) TO FACULTY, STAFF, AND STUDENTS AT THE UNIVERSITY AT ALBANY.

Program Service Accomplishments

Program 1

Expenses: $5,092,905 Revenue: $11,126,884

FOOD SERVICE - AGREEMENT WITH STATE UNIVERSITY OF NEW YORK AT ALBANY TO PROVIDE FOOD SERVICES TO FACULTY, STAFF, AND STUDENTS OF THE UNIVERSITY.

Program 2

Expenses: $497,032 Revenue: $2,110,104

OTHER SERVICES & ACTIVITIES - AGREEMENT WITH STATE UNIVERSITY OF NEW YORK AT ALBANY TO PROVIDE OTHER SERVICES (BANKING, LAUNDRY, OTHER SERVICES) TO FACULTY, STAFF, AND STUDENTS OF THE UNIVERSITY.

Program 3

Expenses: $140,648 Revenue: $629,969

CAMPUS STORE - AGREEMENT WITH STATE UNIVERSITY OF NEW YORK AT ALBANY TO PROVIDE ACCESS TO SUPPLY AND OPERATE THE CAMPUS STORE FOR FACULTY, STAFF, AND STUDENTS OF THE UNIVERSITY.

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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 $13,866,957

Investment Income $546,914

Other Revenue $0

TOTAL REVENUE $14,413,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,989,497

Fundraising Expenses $0

Program Expenses $5,730,585

Other Expenses $11,203,693

TOTAL EXPENSES $13,193,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,413,871	$16,966,558	-0.2%
Expenses	$13,193,190	$32,112,196	-0.6%
Net Income	$1,220,681	$-15,145,638	-1.1%

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

$1,590,104

Total Directors

$2,596,399

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERMAINE HARRIS	BOARD MEMBER	1.00	Director	$0	$44,841	$136,354
LEE SERRAVILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
INDUMATHI LNU	SECRETARY	1.00	Officer Director	$0	$66,382	$201,855
CARA WHITE	BOARD MEMBER	1.00	Director	$0	$69,038	$209,933
CAROL PERRIN	BOARD MEMBER	1.00	Director	$0	$71,923	$218,705
FARDIN SANAI	BOARD MEMBER	1.00	Director	$0	$195,666	$594,984
MARY BETH MURNAN	BOARD MEMBER	1.00	Director	$0	$33,298	$101,253
MICHAEL CHRISTAKIS	PRESIDENT	1.00	Officer Director	$0	$143,406	$436,073
TODD FOREMAN	TREASURER	1.00	Officer Director	$0	$175,877	$534,811
JALEN ROSE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ETHAN MADAPPATT	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY OSEI	BOARD MEMBER	1.00	Director	$0	$0	$0
MACEO FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
EMMA RENNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
NIC FELDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ZAINAB GONDAL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAFNEY AMILCAR-RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$53,417	$162,431
STEPHEN PEARSE	EXECUTIVE DIRECTOR	40.00	Officer	$271,716	$28,355	$300,071
MICHAEL RAMELLA	EXECUTIVE DIRECTOR	40.00	Officer	$96,540	$20,754	$117,294
MICHELLE SCHIFLEY	SENIOR DIRECTOR OF ADMINIS	40.00	Highest	$144,602	$48,283	$192,885
MICHELLE BOWEN	SENIOR DIRECTOR OF MARKETI	40.00	Highest	$126,645	$45,515	$172,160
RANDY SIMMONS	SENIOR DIRECTOR OF FINANCE	40.00	Highest	$132,290	$46,989	$179,279
SHARON WEBSTER	DIRECTOR OF ID CARD	1.00	Highest	$108,461	$43,586	$152,047

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	$14,413,871	$13,193,190	$32,910,672	$1,220,681
2024	$16,966,558	$32,112,196	$29,821,657	$-15,145,638
2023	$13,324,063	$10,651,788	$42,240,106	$2,672,275
2022	$14,879,703	$9,128,243	$43,160,685	$5,751,460
2021	$9,200,087	$8,817,276	$50,871,067	$382,811
2020	$10,190,229	$9,982,701	$43,234,986	$207,528
2019	$12,923,214	$13,934,838	$41,799,256	$-1,011,624

UNIVERSITY AUXILIARY SERVICES AT ALBANY