MARIA COLLEGE

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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

1959

Legal Domicile

Principal Officer

VIRGINIA ARBOUR

Phone

5184383111

Tax Period

2024-07-01 to 2025-06-30

MARIA COLLEGE, founded in 1959, is a mid-sized nonprofit that reported $16.7M in total revenue in fiscal year 2024.

Mission

A FOUR YEAR PRIVATE ACCREDITED COLLEGE. THE COLLEGE'S DEGREE PROGRAMS ARE REGISTERED WITH NYS.

Program Service Accomplishments

Program 1

Expenses: $12,246,452 Revenue: $14,322,716

THE COLLEGE PROVIDES EDUCATIONAL SERVICES TO STUDENTS THAT CULMINATE IN EITHER AN ASSOCIATE, BACCALAUREATE, OR MASTERS DEGREE, OR A CERTIFICATE.

Program 2

Expenses: $261,310 Revenue: $310,397

AUXILIARY ENTERPRISES INCLUDE REVENUES AND EXPENSES OF THE COLLEGE BOOKSTORE, WHICH SUPPORTS THE STUDENTS.

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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 $1,456,450

Program Service Revenue $14,251,954

Investment Income $527,897

Other Revenue $456,085

TOTAL REVENUE $16,692,386

Expense Breakdown

Grants Paid $679,440

Salaries & Benefits $9,843,344

Fundraising Expenses $0

Program Expenses $12,507,762

Other Expenses $7,750,605

TOTAL EXPENSES $18,273,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,692,386	$17,048,493	0.0%
Expenses	$18,273,389	$18,700,264	0.0%
Net Income	$-1,581,003	$-1,651,771	0.0%

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

216

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

$431,516

Total Directors

$346,203

Key Employees

$608,917

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW KAUFMAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
EDWARD GARRIGAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR MARY JO LAPOSTA RN	PAST BOARD CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
TOM W ROBERT	TREASURER	1.00	Officer Director	$0	$0	$0
JOE BONILLA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CASSIDY	TRUSTEE	1.00	Director	$0	$0	$0
PAULA COLARUSSO	TRUSTEE	1.00	Director	$0	$0	$0
BARTLEY J COSTELLO ESQ	TRUSTEE	1.00	Director	$0	$0	$0
DR ANGELA DOMINELLI	TRUSTEE	1.00	Director	$0	$0	$0
DR HELEN FIGGS	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH KAPP RSM	TRUSTEE	1.00	Director	$0	$0	$0
JEAN MCGINTY RSM	TRUSTEE	1.00	Director	$0	$0	$0
KAREN MCKENNA RN	TRUSTEE	1.00	Director	$0	$0	$0
CAROLE TARIO MONTEPARE	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN MURRAY RSM PHD	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN WENDELL	TRUSTEE	1.00	Director	$0	$0	$0
LYNN ORTALE PHD	PRESIDENT	37.50	Officer Director	$307,010	$39,193	$346,203
VIRGINIA ARBOUR	VICE PRESIDENT FOR FINANCE	37.50	Officer	$80,433	$4,880	$85,313
VICKI DILORENZO	VP FOR INSTITUTIONAL ADAVA	37.50	Key Emp	$210,604	$21,040	$231,644
ANNE JUNG PHD	VP FOR ACADEMIC AFFAIRS	37.50	Key Emp	$184,495	$19,493	$203,988
WENDY TREVOR	SENIOR ASSOCIATE VP FOR ST	37.50	Key Emp	$164,376	$8,909	$173,285
JESSICA NAPOLI-MCNALLY	ASSOCIATE DEAN OF NURSING	37.50	Highest	$149,782	$17,055	$166,837
RENEE DIAZ	NURSING, FACULTY	37.50	Highest	$161,274	$2,360	$163,634
DONALD KALLEMBACH	FOUNDING PROGRAM DIRECTOR	37.50	Highest	$116,947	$16,625	$133,572
KATHRYN SHENKER-GOULD	MSOT, FACULTY	37.50	Highest	$121,222	$8,835	$130,057
JACQUELINE MAHONEY	AVP, INSTITUTIONAL ADVANCEMENT	37.50	Highest	$130,532	$17,010	$147,542
JOSEPH MCDONALD	FORMER VICE PRESIDENT FOR FINANCE (APRIL 2024)	37.50		$105,413	$6,025	$111,438

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	$16,692,386	$18,273,389	$27,206,354	$-1,581,003
2024	$17,048,493	$18,700,264	$27,209,111	$-1,651,771
2023	$13,626,721	$17,590,582	$27,597,006	$-3,963,861
2022	$16,590,651	$17,769,610	$32,879,960	$-1,178,959
2021	$17,053,225	$15,125,155	$31,705,663	$1,928,070
2020	$13,308,531	$13,817,353	$29,157,662	$-508,822
2019	$14,214,532	$13,391,490	$28,163,391	$823,042
2018	$13,662,913	$12,406,314	$27,983,775	$1,256,599