TRENTON, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INDEPENDENT COLLEGES AND UNIVERSITIES OF NEW JERSEY A NJ NONPROFIT CORPORATION, founded in 1953, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 6% surplus.
THE MISSION OF THE INDEPENDENT COLLEGES AND UNIVERSITIES OF NEW JERSEY (ICUNJ), A NEW JERSEY NON-PROFIT CORPORATION IS TO ADVANCE THE INTERESTS OF NEW JERSEY'S INDEPENDENT, NON-PROFIT, PUBLIC MISSION INSTITUTIONS OF HIGHER EDUCATION BY PROMOTING ACCESS, AFFORDABILITY AND STUDENT SUCCESS THROUGH PUBLIC POLICY ADVOCACY, CORPORATE AND INDIVIDUAL PHILANTHROPY, AND EMPOWERING THE CHOICE OF THE BEST FIT FOR EACH STUDENT'S EDUCATIONAL, CULTURAL, AND ENVIRONMENTAL NEEDS.THE ACTIVITIES OF THE ICUNJ ARE MANAGED BY ITS BOARD OF TRUSTEES WHICH HAS PRINCIPAL POLICY MAKING AND FIDUCIARY AUTHORITY FOR THE ICUNJ, EXCEPT FOR THOSE POWERS RESERVED TO THE MEMBERS. THE BOARD OF ADVISORS SUPPORTS THE BOARD OF TRUSTEES IN AN ADVISORY CAPACITY, ESPECIALLY AS TO ITS PHILANTHROPIC GOALS. THE PRESIDENT OF THE ICUNJ CARRIES OUT THE POLICY SET BY THE BOARD OF TRUSTEES AND IS RESPONSIBLE FOR THE DAILY OPERATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,896,931 | $1,839,854 | +0.0% |
| Expenses | $1,775,483 | $1,704,452 | +0.0% |
| Net Income | $121,448 | $135,402 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HUBERT BENITEZ DDS PHD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL J AVALTRONI PHD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GARY B CROSBY PHD | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR MICHAEL AVALTRONI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NARIMAN FARVARDIN PHD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR EUGENE CORNACCHIA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK F LEAHY PHD | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GARY B CROSBY PHD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MILDRED MIHLON PHD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HILARY A PARKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HILARY L LINK PHD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY G DELL'OMO PHD | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFFREY D SENESE PHD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MSGR JOSEPH R REILLY STL PHD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN R REYNOLDS ESQ | PRESIDENT | 40.00 |
Officer
|
$235,220 | $52,244 | $287,464 |
| MARYALICE BREUNINGER | VICE PRESIDENT | 40.00 |
Officer
|
$113,070 | $54,165 | $167,235 |
| R DAVID ROUSSEAU | VICE PRESIDENT | 40.00 |
Officer
|
$194,009 | $22,493 | $216,502 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,896,931 | $1,775,483 | $2,948,850 | $121,448 |
| 2024 | No data | No data | No data | No data |
| 2023 | $1,978,046 | $1,809,169 | $2,716,615 | $168,877 |
| 2022 | $1,680,818 | $1,942,614 | $2,289,692 | $-261,796 |
| 2021 | $307,234 | $373,990 | $1,922,379 | $-66,756 |
| 2020 | $1,320,667 | $1,298,726 | $1,911,486 | $21,941 |
| 2019 | $1,344,749 | $1,347,122 | $1,854,595 | $-2,373 |
| 2018 | $1,443,530 | $1,468,554 | $1,790,543 | $-25,024 |
Compare INDEPENDENT COLLEGES AND UNIVERSITIES OF NEW JERSEY A NJ NONPROFIT CORPORATION with other nonprofits in New Jersey and across the country.