ESSEX COUNTY COLLEGE (EIN 221821292) - Form 990 Financial Analysis & Trantor Score

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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

1966

Legal Domicile

Principal Officer

DR AUGUSTINE BOAKYE

Phone

9738774462

Tax Period

2024-07-01 to 2025-06-30

ESSEX COUNTY COLLEGE, founded in 1966, is a major nonprofit in the Education sector that reported $106.0M in total revenue in fiscal year 2024.

Mission

SERVES THE DYNAMIC NEEDS OF DIVERSE CONSTITUENCIES THROUGH COMPREHENSIVE EDUCATIONAL PROGRAMS

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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 $66,607,116

Program Service Revenue $35,706,405

Investment Income $1,435,493

Other Revenue $2,263,989

TOTAL REVENUE $106,013,003

Expense Breakdown

Grants Paid $33,042,034

Salaries & Benefits $51,132,545

Fundraising Expenses $0

Program Expenses $71,030,506

Other Expenses $19,548,490

TOTAL EXPENSES $103,723,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,013,003	$103,796,997	+0.0%
Expenses	$103,723,069	$95,036,171	+0.1%
Net Income	$2,289,934	$8,760,826	-0.7%

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

1175

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

$495,097

Total Directors

Key Employees

$1,001,001

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARION BOLDEN	CHAIR	6.00	Officer Director	$0	$0	$0
DR ARNOLD C LEWIS	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JOSEPH ZARRA	TREASURER	3.00	Officer Director	$0	$0	$0
JEWELINE GRIMES	SECRETARY	3.00	Officer Director	$0	$0	$0
ISABEL CRUZ	TRUSTEE	3.00	Director	$0	$0	$0
REV DR LANEL D GUYTON	TRUSTEE	3.00	Director	$0	$0	$0
CYTHIA D MARTINEZ	TRUSTEE	3.00	Director	$0	$0	$0
BETH ROBINSON	TRUSTEE	3.00	Director	$0	$0	$0
JOHANNA L WRIGHT	TRUSTEE	3.00	Director	$0	$0	$0
DR AUGUSTINE BOAKYE	PRESIDENT	40.00	Officer	$240,772	$68,696	$309,468
KISWENDSIDA JOSIANE SONIA	KAPROU, SR. COMPTROLLER/CFO	40.00	Officer	$144,182	$41,447	$185,629
JEFF SHAPIRO	DIRECTOR OF FACILITIES	40.00	Key Emp	$293,793	$21,029	$314,822
MOHAMED SEDDIKI	EXECUTIVE DEAN/CIO	40.00	Key Emp	$244,506	$62,923	$307,429
ALVIN WILLIAMS	EXECUTIVE DEAN OF FACULTY	40.00	Key Emp	$167,301	$27,948	$195,249
KEITH KIRKLAND	DEAN OF STUDENT AFFAIRS	40.00	Key Emp	$161,745	$21,756	$183,501
ROBERT SPELLMAN	PROFESSOR	40.00	Highest	$228,322	$43,857	$272,179
TIMOTHY STAFFORD	PROFESSOR	40.00	Highest	$196,957	$16,856	$213,813
FELIX LINFANTE	PROFESSOR	40.00	Highest	$173,959	$44,164	$218,123
MARIA BRUAN	PROFESSOR	40.00	Highest	$165,044	$14,928	$179,972
CHRISTINE SOTO	PROFESSOR	40.00	Highest	$164,895	$12,180	$177,075

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	$106,013,003	$103,723,069	$230,712,991	$2,289,934
2024	$103,796,997	$95,036,171	$229,522,048	$8,760,826
2023	$101,402,232	$92,200,482	$228,067,235	$9,201,750
2022	$132,950,888	$100,565,865	$211,442,697	$32,385,023
2021	$106,959,657	$87,502,690	$178,662,602	$19,456,967
2019	$93,505,524	$100,769,227	$157,677,069	$-7,263,703

ESSEX COUNTY COLLEGE