KEAN UNIVERSITY ALUMNI ASSOCIATION

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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

1961

Legal Domicile

Principal Officer

EDWARD ESPOSITO

Phone

9084867828

Tax Period

2024-07-01 to 2025-06-30

KEAN UNIVERSITY ALUMNI ASSOCIATION, founded in 1961, is a micro nonprofit in the Education sector that reported $55K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $67K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROMOTE THE ACTIVITIES OF THE UNIVERSITY, PROVIDE SCHOLARSHIPS AND GRANTS, AND PROVIDE ALUMNI WITH UP-TO-DATE INFORMATION REGARDING THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $21,477

KEAN UNIVERSITY FOUNDATION TO PROVIDE FUNDS NEEDED TO PROMOTE THE ACTIVITIES OF THE UNIVERSITY, CAPITAL EXPANSION PROGRAMS, AND STUDENT SCHOLARSHIPS.

Program 2

Expenses: $2,897

KEAN UNIVERSITY OUTREACH PROGRAMS AND EVENTS

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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 $1,500

Program Service Revenue $0

Investment Income $53,453

Other Revenue $0

TOTAL REVENUE $54,953

Expense Breakdown

Grants Paid $24,374

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,374

Other Expenses $43,015

TOTAL EXPENSES $67,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,953	$41,511	+0.3%
Expenses	$67,389	$58,640	+0.1%
Net Income	$-12,436	$-17,129	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD ESPOSITO	PRESIDENT	30.00	Officer	$0	$0	$0
PATTI SWICK	VICE PRESIDENT	10.00	Officer	$0	$0	$0
STACY JOHNSON	TREASURER	5.00	Officer	$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	$54,953	$67,389	$1,560,812	$-12,436
2024	No data	No data	No data	No data
2023	$27,901	$65,678	$1,346,650	$-37,777
2022	$78,543	$56,306	$1,277,415	$22,237
2021	$114,523	$41,010	$1,484,118	$73,513
2020	$53,373	$66,846	$1,289,704	$-13,473
2019	$66,253	$68,569	$1,329,433	$-2,316
2018	$107,133	$105,635	$1,340,135	$1,498