FACULTY STUDENT ASSOCIATION OF HUDSON VALLEY COMMUNITY COLLEGE INC

EIN: 141401923 501(c)(3) Education

TROY, NY

Total Revenue
$6,381,842
Total Expenses
$5,982,250
Total Assets
$21,645,039
Net Assets
$14,035,619
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
NY
Principal Officer
ALYCIA M COURTER
Phone
5186297181
Tax Period
2024-06-01 to 2025-05-31

FACULTY STUDENT ASSOCIATION OF HUDSON VALLEY COMMUNITY COLLEGE INC, founded in 1953, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $6.0M left a modest 6% surplus.

Mission

THE GENERAL PURPOSE OF THE ASSOCIATION IS TO ESTABLISH, OPERATE, MANAGE, PROMOTE AND CULTIVATE EDUCATIONAL ACTIVITIES AND RELATIONSHIPS INCIDENTAL THERETO BY, BETWEEN AND AMONG THE STUDENTS AND FACULTY OF HUDSON VALLEY COMMUNITY COLLEGE, AND TO AID THE STUDENTS, FACULTY AND THE ADMINISTRATION OF THE COLLEGE IN THE FURTHERANCE OF THEIR EDUCATION, STUDIES AND WORK IN COLLABORATION AND COORDINATION WITH THE EDUCATIONAL GOALS OF THE COLLEGE. THE ASSOCIATION OPERATES THE BOOKSTORE, CAFETERIA, INTERCOLLEGIATE ATHLETIC ACTIVITY FUNDS, THE STUDENT ACTIVITIES, AND THE DAYCARE CENTER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $300,125
Program Service Revenue $4,450,237
Investment Income $489,428
Other Revenue $1,142,052
TOTAL REVENUE $6,381,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,175,460
Fundraising Expenses $0
Program Expenses $5,528,038
Other Expenses $3,806,790
TOTAL EXPENSES $5,982,250

Year-over-Year Comparison

2024 2023 Change
Revenue $6,381,842 $5,391,791 +0.2%
Expenses $5,982,250 $5,047,055 +0.2%
Net Income $399,592 $344,736 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
4
Employees
40
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
5
$679,840
Total Directors
10
$780,794
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IAN LACHANCE PRESIDENT 0.70
Officer Director
$0 $30,794 $167,906
COLLEEN FERRIS TREASURER 1.20
Officer Director
$0 $28,518 $148,128
LAURA GONYEA FACULTY REP 0.70
Director
$0 $23,375 $132,171
ANNETTE CRAWFORD-HARRIS VICE-PRESIDENT & FACULTY R 0.70
Officer Director
$0 $14,333 $124,456
ERIC BRYANT SECRETARY 1.20
Officer Director
$0 $40,402 $121,914
DOREEN MCGREEVY NTP REPRESENTATIVE 0.70
Director
$0 $37,974 $85,860
WILLIAM FAGAN BOARD OF TRUSTEE REP 0.70
Director
$0 $0 $0
WAYNE PRATT BOARD OF TRUSTEE REP 0.70
Director
$0 $0 $0
AUSTIN SHULKIN BOARD MEMBER 0.70
Director
$0 $0 $0
ANDREW LEE BOARD MEMBER 0.70
Director
$0 $36 $359
ALYCIA M COURTER EXECUTIVE DIRECTOR 37.50
Officer
$92,990 $24,446 $117,436
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 $6,381,842 $5,982,250 $21,645,039 $399,592
2024 $5,391,791 $5,047,055 $21,204,390 $344,736
2023 $4,984,215 $4,754,407 $21,157,299 $229,808
2022 $4,749,556 $4,384,670 $21,516,761 $364,886
2021 $5,955,908 $4,299,852 $21,847,253 $1,656,056
2020 $4,933,178 $5,072,168 $20,800,153 $-138,990
2019 $5,280,512 $5,530,984 $20,924,481 $-250,472
2018 $5,222,221 $4,808,782 $21,292,496 $413,439
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