FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC (EIN 166053710) - 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

1957

Legal Domicile

Principal Officer

JAMES GODLESKI

Phone

6077776208

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC, founded in 1957, is a mid-sized nonprofit in the Education sector that reported $56.5M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $23.3M, a strong 41% operating margin.

Mission

THE FOUNDATION WAS ESTABLISHED TO ACCEPT AND ENCOURAGE GIFTS TO THE FOUNDATION AND TO ADVANCE THE WELFARE AND DEVELOPMENT OF THE UNIVERSITY TO MAKE GRANTS OF FINANCIAL ASSISTANCE TO THE UNIVERSITY AND ITS FACULTY AND STUDENTS; TO RECEIVE, HOLD AND ADMINISTER SUCH GIFTS TO SERVICE THE PREVIOUSLY STATED PURPOSE

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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 $15,334,916

Program Service Revenue $73,722

Investment Income $35,894,474

Other Revenue $5,221,735

TOTAL REVENUE $56,524,847

Expense Breakdown

Grants Paid $26,843,607

Salaries & Benefits $2,640,698

Fundraising Expenses $3,151,535

Program Expenses $28,317,815

Other Expenses $3,412,273

TOTAL EXPENSES $33,245,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,524,847	$82,839,756	-0.3%
Expenses	$33,245,495	$111,780,813	-0.7%
Net Income	$23,279,352	$-28,941,057	-1.8%

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

250

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

$394,544

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT NOCCIOLINO	DIRECTOR	0.30	Director	$0	$0	$0
ALEX HUPPE	DIRECTOR	0.30	Director	$0	$0	$0
ANDREW BONZANI	DIRECTOR	0.30	Director	$0	$0	$0
ANITA BORKENSTEIN	DIRECTOR	0.30	Director	$0	$0	$0
BAI LEE	DIRECTOR	0.30	Director	$0	$0	$0
CAROLYN MANCINI	DIRECTOR	0.30	Director	$0	$0	$0
CATHLEEN M ELLSWORTH	DIRECTOR	0.30	Director	$0	$0	$0
CHARLES KIM	DIRECTOR	0.30	Director	$0	$0	$0
DONALD HALL	EX-OFFICIO DIRECTOR	0.30	Director	$0	$0	$0
ELIZABETH KOFFMAN	DIRECTOR	0.30	Director	$0	$0	$0
NANA SAHEB BANERJEE PHD	DIRECTOR	0.30	Director	$0	$0	$0
GERALDINE MACDONALD	DIRECTOR	0.30	Director	$0	$0	$0
HARVEY STENGER	EX-OFFICIO DIRECTOR	0.30	Director	$0	$0	$0
HOWARD UNGER	DIRECTOR	0.30	Director	$0	$0	$0
JAMES ORBAND	DIRECTOR	0.30	Director	$0	$0	$0
JEFFREY TUCKER	TREASURER	0.30	Officer Director	$0	$0	$0
JAMES BANKOSKI	DIRECTOR	0.30	Director	$0	$0	$0
JOHN CARRIGG	DIRECTOR	0.30	Director	$0	$0	$0
ELIZABETH BLOOMER NESVOLD	DIRECTOR	0.30	Director	$0	$0	$0
JOSEPH MIRABITO	DIRECTOR	0.30	Director	$0	$0	$0
JUDITH GARCZYNSKI FLEISHMAN	DIRECTOR	0.30	Director	$0	$0	$0
KAREN FEUER	DIRECTOR	0.30	Director	$0	$0	$0
KATHERINE WARNER	SECRETARY	0.30	Officer Director	$0	$0	$0
KEITH HORN	DIRECTOR	0.30	Director	$0	$0	$0
KENNETH GOLDBLATT	DIRECTOR	0.30	Director	$0	$0	$0
MARK ZURACK	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL D TIMMENY	DIRECTOR	0.30	Director	$0	$0	$0
MICHELLE J SCHWARTZ	DIRECTOR	0.30	Director	$0	$0	$0
DAVID WHITMORE	DIRECTOR	0.30	Director	$0	$0	$0
MITCHELL LIEBERMAN	DIRECTOR	0.30	Director	$0	$0	$0
BRIAN J ZAKROCKI	DIRECTOR	0.30	Director	$0	$0	$0
PAUL TUROVSKY	DIRECTOR	0.30	Director	$0	$0	$0
STEVEN BLOOM	DIRECTOR	0.30	Director	$0	$0	$0
STUART KOENIG	CHAIR	0.30	Officer Director	$0	$0	$0
TYRONE MUSE	VICE CHAIR	0.30	Officer Director	$0	$0	$0
CARA TREIDEL	EX-OFFICIO DIRECTOR	0.30	Director	$0	$0	$0
ABBY GOLDSTEIN	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL KERNER	DIRECTOR	0.30	Director	$0	$0	$0
KIM MYERS	DIRECTOR	0.30	Director	$0	$0	$0
MITCHELL S GOLDSTEIN	DIRECTOR	0.30	Director	$0	$0	$0
SHEILA DOYLE	EXECUTIVE DIRECTOR	30.50	Officer	$0	$52,412	$394,544

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	$56,524,847	$33,245,495	$498,389,648	$23,279,352
2024	$82,839,756	$111,780,813	$468,776,672	$-28,941,057
2023	$57,977,280	$80,006,847	$496,626,686	$-22,029,567
2022	$309,395,877	$30,315,078	$533,544,870	$279,080,799
2021	$29,318,635	$22,669,277	$286,478,699	$6,649,358
2020	$69,594,810	$19,295,862	$250,714,314	$50,298,948
2019	$26,779,067	$17,622,772	$175,763,967	$9,156,295

FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC