FULMONT COLLEGE ASSOCIATION INC

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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

1966

Legal Domicile

Principal Officer

LESLEY LANZI

Phone

5187363622

Tax Period

2024-09-01 to 2025-08-31

FULMONT COLLEGE ASSOCIATION INC, founded in 1966, is a small nonprofit in the Education sector that reported $299K in total revenue in fiscal year 2024. Expenses of $403K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROMOTE THE SOCIAL AND ACADEMIC WELFARE OF THE STUDENTS OF FULTON MONTGOMERY COMMUNITY COLLEGE OF JOHNSTOWN, NY

Program Service Accomplishments

Program 1

Expenses: $395,998

THE ASSOCIATION IS OPERATED FOR THE BENEFIT OF THE STUDENTS AND FACULTY OF FULTON-MONTGOMERY COMMUNITY COLLEGE (FMCC OR THE COLLEGE) PROVIDING ON- CAMPUS BOOKSTORE OPERATIONS, STUDENT SENATE...

THE ASSOCIATION IS OPERATED FOR THE BENEFIT OF THE STUDENTS AND FACULTY OF FULTON-MONTGOMERY COMMUNITY COLLEGE (FMCC OR THE COLLEGE) PROVIDING ON- CAMPUS BOOKSTORE OPERATIONS, STUDENT SENATE ACTIVITIES, PROPERTY AND EQUIPMENT, ATHLETIC SUPPORT, AS WELL AS PROMOTING ACTIVITIES FOR THE GENERAL WELFARE OF ITS STUDENTS. THE STUDENT SENATE ASSOCIATION IS MANAGED BY STUDENTS OF THE COLLEGE WITH GENERAL OVERSIGHT PROVIDED BY THE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $299,045

Investment Income $167

Other Revenue $0

TOTAL REVENUE $299,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $395,998

Other Expenses $402,578

TOTAL EXPENSES $402,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,212	$279,225	+0.1%
Expenses	$402,578	$406,353	0.0%
Net Income	$-103,366	$-127,128	-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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA BROWN-WEINSTOCK	SECRETARY	2.00	Officer Director	$0	$0	$0
VINCENT DEPALMA	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN DRUZIAK	TREASURER	2.00	Officer Director	$0	$0	$0
HOLLIE FONDA	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDRA HENDERSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LESLEY LANZI	PRESIDENT	2.00	Officer Director	$0	$0	$0
LUIS MALDONADO-APONTE	DIRECTOR	2.00	Director	$0	$0	$0
ROXANNE MEDINA	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN ROMANO	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN SPRAGUE	DIRECTOR	2.00	Director	$0	$0	$0
RENEE TRAVINS	DIRECTOR	2.00	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
2025	$299,212	$402,578	$704,225	$-103,366
2024	$279,225	$406,353	$787,499	$-127,128
2023	$4,447,725	$575,083	$913,832	$3,872,642
2022	$241,366	$1,211,589	$8,345,365	$-970,223
2021	$682,037	$1,279,692	$8,936,927	$-597,655
2020	$1,946,329	$2,637,510	$9,590,096	$-691,181