FACULTY STUDENT ASSOCIATION OF SULLIVAN COUNTY COMMUNITY COLLEGE (EIN 141485262) - 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

1974

Legal Domicile

Principal Officer

DAVID POTASH

Phone

8454345750

Tax Period

2023-09-01 to 2024-08-31

FACULTY STUDENT ASSOCIATION OF SULLIVAN COUNTY COMMUNITY COLLEGE, founded in 1974, is a small nonprofit in the Education sector that reported $381K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $482K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE FACULTY STUDENT ASSOCIATION OF SULLIVAN COUNTY COMMUNITY COLLEGE WAS DESIGNED TO SUPPORT STUDENT SERVICES, CULTIVATE AND PROMOTE EDUCATIONAL, SOCIAL, CULTURAL AND RECREATIONAL ACTIVITIES, AND FOSTER RELATIONSHIPS AMONG STUDENTS, FACULTY, STAFF, ALUMNI, AND THE GREATER COMMUNITY OF SULLIVAN COUNTY COMMUNITY 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 $95,760

Program Service Revenue $238,378

Investment Income $43,430

Other Revenue $2,968

TOTAL REVENUE $380,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $414,384

Other Expenses $481,770

TOTAL EXPENSES $481,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$380,536	$323,209	+0.2%
Expenses	$481,770	$474,803	+0.0%
Net Income	$-101,234	$-151,594	-0.3%

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

N/A

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

$181,088

Total Directors

$552,094

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID POTASH	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROSEMARIE HANOFEE	VICE PRESIDE	1.00	Officer Director	$0	$0	$97,513
SEAN WELSH	TREASURER	1.00	Officer Director	$0	$0	$10,579
DEBRA WALLER-FREDERICK	SECRETARY	5.00	Officer Director	$0	$0	$72,996
STACY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMON CLEMENT	BOARD MEMBER	1.00	Director	$0	$0	$63,431
JAMIE BROOKS	BOARD MEMBER	1.00	Director	$0	$0	$48,161
KENNETH LUCK	BOARD MEMBER	1.00	Director	$0	$0	$55,417
BRIAN VANDERMARK	BOARD MEMBER	1.00	Director	$0	$0	$52,740
JESSICA BARKL	BOARD MEMBER	1.00	Director	$0	$0	$64,667
ARIANNA SINCLAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIENNE LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN CRABILL	RESIGNED 6/3	2.00	Officer Director	$0	$0	$0
CHRIS DEPEW	RESIGNED 7/1	1.00	Director	$0	$0	$86,590
NICHOLE CONNAL	RESIGNED 7/3	1.00	Director	$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
2024	$380,536	$481,770	$732,639	$-101,234
2023	$323,209	$474,803	$686,422	$-151,594
2022	$303,606	$458,854	$797,120	$-155,248
2021	$310,000	$112,298	$1,027,576	$197,702
2020	$378,124	$328,232	$783,770	$49,892
2019	$355,457	$368,515	$651,375	$-13,058
2018	$362,909	$478,495	$683,883	$-115,586

FACULTY STUDENT ASSOCIATION OF SULLIVAN COUNTY COMMUNITY COLLEGE