FREDONIA COLLEGE FOUNDATION OF THE… - Form 990 Financial Data

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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

DIANE BURKHOLDER

Phone

7166733321

Tax Period

2025-01-01 to 2025-12-31

FREDONIA COLLEGE FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK INC, founded in 1964, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2025. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $4.4M left a modest 5% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $3,704,359

GRANTS AND SCHOLARSHIPS - STATE UNIVERSITY OF NEW YORK AT FREDONIA

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,192,864

Program Service Revenue $0

Investment Income $2,449,009

Other Revenue $0

TOTAL REVENUE $4,641,873

Expense Breakdown

Grants Paid $3,704,359

Salaries & Benefits $276,180

Fundraising Expenses $98,451

Program Expenses $3,704,359

Other Expenses $446,388

TOTAL EXPENSES $4,426,927

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,641,873	$6,310,101	-0.3%
Expenses	$4,426,927	$3,179,960	+0.4%
Net Income	$214,946	$3,130,141	-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

$277,675

Total Directors

$294,592

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	$294,592
KAREN ROHR	EXECUTIVE DI	30.00	Officer	$0	$0	$177,034
WILLIAM CUNNINGHAM	CONTROLLER	37.50	Officer	$0	$0	$100,641
DIANE BURKHOLDER	CHAIR	1.00	Officer Director	$0	$0	$0
PRUDENCE BRADLEY PHD	VICE-CHAIR	1.00	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
JEFFREY L FANCHER	IMMED PAST C	1.00	Officer Director	$0	$0	$0
PHILLIP BELENA	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
JOSEPH FALCONE	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
MICHAEL A MARLETTA 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
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
CHRISTINE STARKS	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
2025	$4,641,873	$4,426,927	$67,644,058	$214,946
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