HERKIMER COUNTY COLLEGE FOUNDATION INC

EIN: 166076227 501(c)(3)

HERKIMER, NY

Total Revenue
$1,135,295
Total Expenses
$898,305
Total Assets
$12,560,746
Net Assets
$9,934,277
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NY
Principal Officer
NICHOLAS LAINO
Phone
3158660300
Tax Period
2023-09-01 to 2024-08-31

HERKIMER COUNTY COLLEGE FOUNDATION INC, founded in 1967, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $237K, a strong 21% operating margin.

Mission

TO BENEFIT AND SUPPORT HERKIMER COUNTY COMMUNITY COLLEGE AND ITS 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $170,079
Program Service Revenue $752,433
Investment Income $159,265
Other Revenue $53,518
TOTAL REVENUE $1,135,295

Expense Breakdown

Grants Paid $209,042
Salaries & Benefits $165,812
Fundraising Expenses $2,832
Program Expenses $595,686
Other Expenses $523,451
TOTAL EXPENSES $898,305

Year-over-Year Comparison

2023 2022 Change
Revenue $1,135,295 $893,773 +0.3%
Expenses $898,305 $1,131,324 -0.2%
Net Income $236,990 $-237,551 -2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$306,844
Total Directors
11
$408,414
Key Employees
0
$0
Highest Compensated
0
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 $68,444 $306,844
MARK K KAUCHER BOARD MEMBER 0.50
Director
$0 $0 $0
C SONIA MARTINEZ BOARD MEMBER 0.50
Director
$0 $0 $0
MARK VIVACQUA BOARD MEMBER 0.50
Director
$0 $0 $0
HARRISON HUMMEL III 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 BOARD MEMBER 0.50
Director
$0 $18,984 $101,570
MARTIN LUPPINO BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL STALTERI 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
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
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