HERKIMER COUNTY COMMUNITY COLLEGE HOUSING AUTHORITY (EIN 161579707) - 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

2003

Legal Domicile

Principal Officer

NICHOLAS LAINO

Phone

3158660300

Tax Period

2023-09-01 to 2024-08-31

HERKIMER COUNTY COMMUNITY COLLEGE HOUSING AUTHORITY, founded in 2003, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HOUSING FACILITIES TO STUDENTS OF HERKIMER 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 $0

Program Service Revenue $2,308,851

Investment Income $99,647

Other Revenue $0

TOTAL REVENUE $2,408,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $495,084

Fundraising Expenses $0

Program Expenses $2,348,684

Other Expenses $1,877,892

TOTAL EXPENSES $2,372,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,408,498	$2,331,403	+0.0%
Expenses	$2,372,976	$2,386,305	0.0%
Net Income	$35,522	$-54,902	-1.6%

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

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

$421,624

Total Directors

$630,555

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK KAPUSTA	SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLAS LAINO	CHAIRMAN	1.00	Officer Director	$0	$68,444	$306,844
VINCENT BONO	BOARD MEMBER	0.50	Director	$0	$0	$0
TIMOTHY ROGERS	VICE CHAIRMAN	1.00	Officer Director	$0	$2,700	$114,780
REBECCA SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD DUTCHER	BOARD MEMBER	0.50	Director	$0	$45,730	$208,931

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	$2,408,498	$2,372,976	$1,916,560	$35,522
2023	$2,331,403	$2,386,305	$1,852,855	$-54,902
2022	$2,171,164	$2,485,563	$1,888,162	$-314,399
2021	$2,202,738	$2,363,775	$2,812,715	$-161,037
2020	$2,269,743	$2,735,342	$2,887,496	$-465,599
2019	$3,127,676	$3,110,388	$3,008,087	$17,288
2018	$3,735,180	$3,592,870	$2,991,876	$142,310

HERKIMER COUNTY COMMUNITY COLLEGE HOUSING AUTHORITY