HERKIMER COUNTY COLLEGE FOUNDATION… - 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

1967

Legal Domicile

Principal Officer

REBECCA SMITH

Phone

3158660300

Tax Period

2024-09-01 to 2025-08-31

HERKIMER COUNTY COLLEGE FOUNDATION INC, founded in 1967, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $469K, a strong 34% operating margin.

Mission

TO BENEFIT AND SUPPORT HERKIMER COUNTY COMMUNITY COLLEGE AND ITS STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $369,037 Revenue: $547,148

HOUSING FOR HERKIMER COUNTY COMMUNITY COLLEGE STUDENTS.

Program 2

Expenses: $212,172

SCHOLARSHIPS AND AWARDS PRESENTED TO STUDENTS AND FACULTY OF HERKIMER COUNTY COMMUNITY COLLEGE.

Program 3

Revenue: $31,119

ENHANCING LEARNING CENTERS FOR HERKIMER COUNTY COMMUNITY COLLEGE 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 $163,453

Program Service Revenue $547,148

Investment Income $610,801

Other Revenue $61,451

TOTAL REVENUE $1,382,853

Expense Breakdown

Grants Paid $212,172

Salaries & Benefits $207,782

Fundraising Expenses $32,246

Program Expenses $581,209

Other Expenses $494,044

TOTAL EXPENSES $913,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,382,853	$1,135,295	+0.2%
Expenses	$913,998	$898,305	+0.0%
Net Income	$468,855	$236,990	+1.0%

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

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

$305,984

Total Directors

$415,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA BROCKWAY	BOARD MEMBER	0.50	Director	$0	$0	$0
NICHOLAS LAINO	TREASURER	1.00	Officer Director	$0	$67,314	$305,984
MARK K KAUCHER	SECRETARY	0.50	Officer Director	$0	$0	$0
SONIA MARTINEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK VIVACQUA	BOARD MEMBER	0.50	Director	$0	$0	$0
HARRISON HUMMEL	BOARD MEMBER	0.50	Director	$0	$0	$0
REBECCA SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK KAPUSTA	PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA GABRIEL	FACULTY REPRESENTATIVE	0.50	Director	$0	$19,663	$110,012
MARTIN LUPPINO	BOARD MEMBER	0.50	Director	$0	$0	$0
JULIE LEWIS	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHEN SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
DJ SHEPHERDSON	BOARD MEMBER	0.50	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	$1,382,853	$913,998	$12,775,611	$468,855
2024	$1,135,295	$898,305	$12,560,746	$236,990
2023	$893,773	$1,131,324	$11,617,603	$-237,551
2022	$1,378,994	$1,094,881	$12,346,436	$284,113
2021	$1,663,812	$1,053,373	$13,155,639	$610,439
2020	$1,770,772	$1,266,240	$12,680,008	$504,532
2019	$1,511,309	$1,314,134	$13,766,947	$197,175
2018	$1,628,453	$1,422,600	$14,269,872	$205,853

HERKIMER COUNTY COLLEGE FOUNDATION INC