FREDONIA COLLEGE FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK INC (EIN 166054528) - 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

1964

Legal Domicile

Principal Officer

JEFFREY L FANCHER

Phone

7166733321

Tax Period

2024-01-01 to 2024-12-31

FREDONIA COLLEGE FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK INC, founded in 1964, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 50% operating margin.

Mission

THE FOUNDATION WAS FORMED TO ENCOURAGE AND ACCEPT GIFTS AND ENDOWMENTS IN SUPPORT OF THE PRIORITY NEEDS OF THE STATE UNIVERSITY OF NEW YORK AT FREDONIA, ITS FACULTY AND STUDENTS.

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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 $3,833,905

Program Service Revenue $0

Investment Income $2,476,196

Other Revenue $0

TOTAL REVENUE $6,310,101

Expense Breakdown

Grants Paid $2,517,304

Salaries & Benefits $261,261

Fundraising Expenses $77,824

Program Expenses $2,517,304

Other Expenses $401,395

TOTAL EXPENSES $3,179,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,310,101	$4,316,448	+0.5%
Expenses	$3,179,960	$2,849,856	+0.1%
Net Income	$3,130,141	$1,466,592	+1.1%

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

$281,113

Total Directors

$280,487

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN H KOLISON JR PHD	EX-OFFICIO D	1.00	Director	$0	$0	$280,487
KAREN ROHR	EXECUTIVE DI	30.00	Officer	$0	$0	$181,248
WILLIAM CUNNINGHAM	CONTROLLER	37.50	Officer	$0	$0	$99,865
JEFFREY L FANCHER	CHAIR	1.00	Officer Director	$0	$0	$0
DIANE BURKHOLDER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LOUANN LAURITO-BAHGAT CPA	TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL MARTINEZ-FINN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH FALCONE	IMMEDIATE PA	1.00	Director	$0	$0	$0
PHILLIP BELENA	DIRECTOR	1.00	Director	$0	$0	$0
PRUDENCE BRADLEY PHD	DIRECTOR	1.00	Director	$0	$0	$0
GOPAL BURGHER JD	DIRECTOR	1.00	Director	$0	$0	$0
JULIA BUTCHKO PHD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTA COOK JD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FOLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GUGINO	DIRECTOR	1.00	Director	$0	$0	$0
KIM HARRINGTON PHD	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY HAWKINS	STUDENT REP	1.00	Director	$0	$0	$0
DENNIS HEFNER PHD	DIRECTOR	1.00	Director	$0	$0	$0
KARL HOLZ	DIRECTOR	1.00	Director	$0	$0	$0
KYLE LEIKAM	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MALLETTE PHD	DIRECTOR	1.00	Director	$0	$0	$0
KURT MAYTUM	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MIRABELLI PHD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES NOTARO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
ALBERTO REY	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA HORN STACHURA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL C STEELE	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE STROTH JD	DIRECTOR	1.00	Director	$0	$0	$0
CLIFTON TURNER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN USCACKI-RAK	DIRECTOR	1.00	Director	$0	$0	$0
GREG GIBBS PHD	EX-OFFICIO/A	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	$6,310,101	$3,179,960	$61,055,899	$3,130,141
2023	$4,316,448	$2,849,856	$54,694,205	$1,466,592
2022	$3,368,601	$2,696,149	$48,604,019	$672,452
2021	$13,599,775	$2,302,475	$56,379,441	$11,297,300
2020	$3,423,468	$2,235,075	$49,930,677	$1,188,393
2019	$4,595,611	$3,717,037	$45,159,002	$878,574
2018	$6,799,109	$2,698,843	$38,996,491	$4,100,266

FREDONIA COLLEGE FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK INC