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, 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.
PROGRAM SERVICE EXPENSES REPRESENT THE ONGOING COSTS OF OPERATIONS TO ADVANCE ITS MISSION. PROGRAM SERVICES SUPPORT PROCESSING SCHOLARSHIPS AND THE ADVANCEMENT OF FUNDING RESOURCES FOR STUDENTS...
PROGRAM SERVICE EXPENSES REPRESENT THE ONGOING COSTS OF OPERATIONS TO ADVANCE ITS MISSION. PROGRAM SERVICES SUPPORT PROCESSING SCHOLARSHIPS AND THE ADVANCEMENT OF FUNDING RESOURCES FOR STUDENTS ATTENDING ONE OF THE 13 ACCREDITED, INDEPENDENT, NON-PROFIT, FOUR-YEAR DEGREE GRANTING COLLEGES AND UNIVERSITIES IN THE STATE OF NEW JERSEY. GRANTS GIVEN TO A MEMBER INSTITUTION ENCOURAGES THEMES COMMON TO ALL: PROFESSIONAL DEVELOPMENT PROMOTION AS IT RELATES TO STUDENT ACCESS, AFFORDABILITY AND CAREER READINESS; TECHNOLOGY ADVANCEMENT INTEGRATION IN ACADEMIA AND LEARNING EXPERIENCES; FACULTY DEVELOPMENT AND CAMPUS PREPAREDNESS TO ADDRESS LEARNING, SOCIAL AND COMMUNITY MATTERS; ENCOURAGE AWARENESS OF GLOBAL AND CULTURAL FACTORS IMPACTING OUR COMMUNITIES; INSPIRE HUMANITARIAN SERVICE; AND SET A FOUNDATION FOR LIFE-LONG LEARNING. FUNDING CONTRIBUTES TO THE GOAL OF EDUCATING AND PREPARING STUDENTS TO CONTRIBUTE TO THE ECONOMIC, SOCIAL, INTELLECTUAL AND CULTURAL ASPIRATIONS OF THE COMMUNITIES IN NEW JERSEY WHERE OVER 60% OF THE WORKFORCE PIPELINE LIVE AND WORK. IN FY 25, THE INDEPENDENT COLLEGES AND UNIVERITIES OF NEW JERSEY, A NJ NONPROFIT CORPORATION AWARDED 137 SCHOLARSHIPS AND OFFERED 34 STUDENT RESEARCH TEAMS AN OPPORTUNITY TO PURSUE THEIR INTERESTS AND PRESENT THEIR FINDINGS AT AN ANNUAL SYMPOSIUM WHERE PRESENTATIONS WERE JUDGED BY NEW JERSEY INDUSTRY PROFESSIONALS IN SEVEN DIFFERENT CATEGORIES DESIGNED TO BUILD THE "POWER" SKILLS SOUGHT BY EMPLOYERS. SEVEN GRANTS WERE PROVIDED FOR PROGRAMS THAT PROMOTE CAREER EXPLORATIONS, FOSTER ENGAGEMENT IN HEALTHCARE CAREERS AND INTRODUCE TECHNOLOGY AS A TOOL FOR BUILDING KNOWLEDGE AND SKILLS. THROUGH BOARD COMMITTEES FOCUSED ON DEVELOPING NEW BUSINESS RELATIONSHIPS BY PROMOTING OPPORTUNITIES FOR ACADEMIA, BUSINESS AND GOVERNMENT TO PURSUE COLLABORATIONS; ENGAGING NEW INDUSTRIES AND BUSINESSES IN HIGHER EDUCATION; AND SUPPORTING THE ONGOING EFFORTS OF CAREER SERVICES TO PROMOTE EXPERIENTIAL LEARNING AND CAREER READINESS. BOARD MEMBERS DONATED TIME TO PARTICIPATE IN VIRTUAL SESSIONS ON INTERVIEWING AND RESUME WRITING. THE FOUNDATION FOR A LARGER PROGRAM THAT BRINGS INDUSTRY LEADERS IN TO DISCUSS CHANGES IN RECRUITMENT STRATEGIES, CAREER ADVANCEMENT AND JOB OPPORTUNITIES WAS ESTABLISHED THROUGH OUTREACH TO CAREER SERVICES LEADERSHIP FOR 2024. ICUNJ ADOPTED A 'LEAD BY EXAMPLE' APPROACH TO UTILIZATION OF INTERNS. STUDENTS WHO DEMONSTRATED AN INTEREST IN PUBLIC POLICY WORKED OVER THE SUMMER ON RESEARCH ELEMENTS AND FACTORS CONTRIBUTING TO THE CASE FOR SUPPORT.STUDENTS FACED NEW CHALLENGES IN A POST-COVID ENVIRONMENT LEADING ICUNJ TO SPEARHEAD EFFORTS TO BRING MENTAL HEALTH RESOURCES TO THE FOREFRONT FOR ITS MEMBER INSTITUTIONS. WORKING WITH CAMPUS STUDENT AFFAIRS OFFICERS, THE EFFORTS WERE EXPANDED TO OFFER ALL 54 INSTITUTIONS OF HIGHER EDUCATION IN NEW JERSEY AN OPPORTUNITY TO LEARN FROM THE EFFORTS OF THEIR PEERS AND EXTERNAL EXPERTS IN MENTAL HEALTH ABOUT HOW TO PROVIDE ACCESSIBLE AND READY SERVICES FOR STUDENTS, HEAR ABOUT LEGISLATION THAT COULD IMPACT CAMPUS SERVICES AND PROGRAMS; AND BUILD A RESOURCE LIST OF AUXILIARY PROGRAMS TO ADDRESS STAFFING AND SERVICE OPENINGS. A STATEWIDE CONFERENCE WAS HELD IN JANUARY FOR OVER 500 HIGHER EDUCATION PROFESSIONALS AT SETON HALL UNIVERSITY. ICUNJ WORKED ON THE STEERING COMMITTEE OVERSEEING CRITICAL PROGRAM AREAS.ADVOCACY EFFORTS CONTINUED TO PROMOTE THE AVAILABILITY OF TUITION AID GRANTS FOR STUDENTS EXPANDING THE AVAILABILITY OF FUNDING INTO THE SUMMER SESSIONS. THIS ALLOWED STUDENTS TO CONTINUE THEIR EDUCATION YEAR-ROUND DECREASING THE OVERALL INVESTMENT OF TIME AND FUNDING WHILE EARNING A DEGREE.
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.