ULSTER COMMUNITY COLLEGE FOUNDATION INC (EIN 141796265) - 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

1996

Legal Domicile

Principal Officer

JOHN A DEGASPERIS ESQ

Phone

8456875283

Tax Period

2023-07-01 to 2024-06-30

ULSTER COMMUNITY COLLEGE FOUNDATION INC, founded in 1996, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 10% surplus.

Mission

TO SOLICIT, ACCEPT, HOLD, INVEST, REINVEST, AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUSTS, AND PROPERTY OF ANY SORT, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF OR USE THE PROPERTY IN KIND FOR THE BENEFIT OF ULSTER COUNTY COMMUNITY COLLEGE, ITS STUDENTS AND GRADUATES, AS WELL AS FOR THE BENEFIT OF THE COMMUNITY IT SERVES.

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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 $908,102

Program Service Revenue $0

Investment Income $658,357

Other Revenue $114,441

TOTAL REVENUE $1,680,900

Expense Breakdown

Grants Paid $1,169,402

Salaries & Benefits $69,634

Fundraising Expenses $75,435

Program Expenses $1,321,979

Other Expenses $275,823

TOTAL EXPENSES $1,514,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,680,900	$3,722,122	-0.5%
Expenses	$1,514,859	$1,633,168	-0.1%
Net Income	$166,041	$2,088,954	-0.9%

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

$405,485

Total Directors

$122,588

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT DAVIS PE	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN A DEGASPERIS ESQ	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
CHRISTOPHER MIKESH ESQ	VICE-CHAIRPERSON	5.00	Officer Director	$0	$0	$0
KATHLEEN ZELL CPA	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN BONAVITA-GOLDMAN MD	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL D BOWERS	DIRECTOR	2.00	Director	$0	$0	$0
BILL CALDERARA	DIRECTOR	2.00	Director	$0	$0	$0
ALICIA COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
TAMIKA DUNKLEY	DIRECTOR	2.00	Director	$0	$0	$0
ELLIOTT AUERBACH	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL REYES JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA CONNELLY COHEN	DIRECTOR	2.00	Director	$0	$0	$0
FLOYD LATTIN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT R JACOBSEN ESQ	DIRECTOR	2.00	Director	$0	$0	$0
OLANA O'CONNOR	DIRECTOR	2.00	Director	$0	$0	$0
KAREN OSTERHOUDT	DIRECTOR	2.00	Director	$0	$0	$0
DALE ROBBINS	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA STJOHN-GILLIGAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT TONNER	DIRECTOR	2.00	Director	$0	$0	$0
LAUREL SWEENEY	DIRECTOR	2.00	Director	$0	$0	$0
LORRAINE SALMON	DIRECTOR	5.00	Officer Director	$0	$20,963	$122,588
RUDELL J BREEDY MPH	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$0
ALISON BUCKLEY EDD	PRESIDENT, UCCC	5.00	Officer	$0	$44,466	$282,897

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	No data	No data	No data	No data
2024	$1,680,900	$1,514,859	$18,831,611	$166,041
2023	$3,722,122	$1,633,168	$17,748,484	$2,088,954
2022	$3,338,472	$1,414,716	$15,075,516	$1,923,756
2021	$2,019,888	$1,197,120	$14,905,144	$822,768
2020	$2,977,750	$1,145,667	$11,922,219	$1,832,083
2019	$3,049,052	$931,582	$11,430,411	$2,117,470
2018	$1,176,998	$1,098,923	$9,565,942	$78,075

ULSTER COMMUNITY COLLEGE FOUNDATION INC