STOCKTON UNIVERSITY FOUNDATION

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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

1972

Legal Domicile

Principal Officer

DANIEL NUGENT

Phone

6096263546

Tax Period

2024-07-01 to 2025-06-30

STOCKTON UNIVERSITY FOUNDATION, founded in 1972, is a mid-sized nonprofit that reported $20.4M in total revenue in fiscal year 2024. Revenue surged 323% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.2M, a strong 84% operating margin.

Mission

DESCRIPTION OF ORGANIZATION MISSION: THE FOUNDATION WAS ESTABLISHED IN 1972 BY FRIENDS OF THE UNIVERSITY TO PROVIDE FOR THE PHILANTHROPIC NEEDS OF STOCKTON UNIVERSITY. THE FOUNDATION PROVIDES LEADERSHIP AND OVERSIGHT AND IS RESPONSIBLE FOR RAISING STEWARDING AND DISTRIBUTING FUNDS IN SUPPORT OF STOCKTON UNIVERSITY AND ITS STUDENTS. THE FOUNDATIONS PRIMARY FOCUS IS TO BE A SUBSTANTIAL SOURCE OF FINANCIAL ASSISTANCE FOR A SIGNIFICANT NUMBER OF STUDENTS AND FOR STRENGTHENING THE EDUCATION CAPACITY OF THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $1,517,426 Revenue: $0

STOCKTON UNIVERSITYS SCHOLARSHIP PROGRAM PROVIDES AWARDS TO UNDERGRADUATE AND GRADUATE STUDENTS PRIMARILY ON A COMPETITIVE BASIS SOME AWARDS ARE RESTRICTED TO NEEDS-BASED CRITERIA. 885 STUDENTS...

STOCKTON UNIVERSITYS SCHOLARSHIP PROGRAM PROVIDES AWARDS TO UNDERGRADUATE AND GRADUATE STUDENTS PRIMARILY ON A COMPETITIVE BASIS SOME AWARDS ARE RESTRICTED TO NEEDS-BASED CRITERIA. 885 STUDENTS RECEIVED SCHOLARSHIP AWARDS IN FY25. THESE AWARDS ARE MADE FROM THE FOUNDATIONS PERMANENTLY RESTRICTED ENDOWMENT FUNDS AS WELL AS THROUGH CURRENT-USE GIFTS AND THROUGH THE FOUNDATIONS GENERAL SCHOLARSHIP FUNDS.

Program 2

Expenses: $546,555 Revenue: $0

DONOR RESTRICTED FUNDS BOTH ENDOWED AND CURRENT-USE PROVIDE PHILANTHROPIC SUPPORT FOR A NUMBER OF UNIVERSITY INITIATIVES INCLUDING UNDERGRADUATE RESEARCH VISITING LECTURERS SCHOLARS PROGRAMMING IN...

DONOR RESTRICTED FUNDS BOTH ENDOWED AND CURRENT-USE PROVIDE PHILANTHROPIC SUPPORT FOR A NUMBER OF UNIVERSITY INITIATIVES INCLUDING UNDERGRADUATE RESEARCH VISITING LECTURERS SCHOLARS PROGRAMMING IN THE VARIOUS ACADEMIC CENTERS FACULTY SCHOLARLY ACTIVITY AND OTHER SPECIAL PROGRAMMING THAT ADVANCES THE ACADEMIC MISSION OF THE UNIVERSITY.

Program 3

Expenses: $615,079 Revenue: $0

DONOR RESTRICTED FUNDS BOTH ENDOWED AND CURRENT-USE PROVIDE SUPPORT FOR FACILITY RENOVATION CONSTRUCTION AND OR OPERATIONS. FACILITIES AND OPERATIONS CURRENTLY SUPPORTED INCLUDE THE NOYES MUSEUM THE...

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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 $3,891,811

Program Service Revenue $0

Investment Income $16,575,410

Other Revenue $-98,526

TOTAL REVENUE $20,368,695

Expense Breakdown

Grants Paid $2,132,505

Salaries & Benefits $0

Fundraising Expenses $52,097

Program Expenses $2,752,728

Other Expenses $1,003,812

TOTAL EXPENSES $3,188,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,368,695	$4,818,330	+3.2%
Expenses	$3,188,414	$2,930,547	+0.1%
Net Income	$17,180,281	$1,887,783	+8.1%

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

281

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

$255,567

Total Directors

$966,041

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOE BERTOLINO	UNIVERSITY PRESIDENT	4.00	Director	$0	$77,206	$525,217
DANIEL NUGENT	EXECUTIVE DIRECTOR	6.00	Officer Director	$0	$45,200	$255,567
DR DONNA M ALBANO	BOARD MEMBER	2.00	Director	$0	$31,368	$185,257
DR BRIGID CALLAHAN HARRISON	CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL L ALBRECHT	FIRST VICE CHAIR	4.00	Officer Director	$0	$0	$0
JOSEPH P FUSCO ESQ	SECOND VICE CHAIR	4.00	Officer Director	$0	$0	$0
CLAIRE B KUHAR CPA	TREASURER	4.00	Officer Director	$0	$0	$0
MICHAEL C EPPS ESQ	SECRETARY end 10-31-24	4.00	Officer Director	$0	$0	$0
KAREN ALTON	BOARD MEMBER	2.00	Director	$0	$0	$0
LOUIS T BARBERIO III	BOARD MEMBER	2.00	Director	$0	$0	$0
DONNA H BUZBY CPA	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY CAREW	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN COCCHI	BOARD MEMBER	2.00	Director	$0	$0	$0
AQUASIA DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID A DELIZZA	BOARD MEMBER	2.00	Director	$0	$0	$0
SAGE DEL VALLE	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD S DOVEY	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS L GLENN III	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA GOMES	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN S GRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
L GAYLE GROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI S HERNDON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH R JINGOIL JR	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DR JOHANNA R JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
26 HAK J KIM	BOARD MEMBER	2.00	Director	$0	$0	$0
27 CHARLES W KRAMER	BOARD MEMBER	2.00	Director	$0	$0	$0
28 THOMAS KUHAR	BOARD MEMBER end 08-2025	2.00	Director	$0	$0	$0
29 RITA MACK	BOARD MEMBER	2.00	Director	$0	$0	$0
30 EDWARD H MARSHALL III	BOARD MEMBER	2.00	Director	$0	$0	$0
31 KENNETH O'REGGIO	BOARD MEMBER	2.00	Director	$0	$0	$0
32 ROXANNE PASSARELLA ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
33 BONNIE D PUTTERMAN ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
34 RICK RICCIARDI	BOARD MEMBER	2.00	Director	$0	$0	$0
35 CAMILLE E SAILER ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
36 TRIBHUVAN SINGH	BOARD MEMBER	2.00	Director	$0	$0	$0
37 THOMAS J SYKES	BOARD MEMBER	2.00	Director	$0	$0	$0
38 MELVYN J TARNOPOL ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
39 PAMELA A THOMAS-FIELDS MAS	BOARD MEMBER	2.00	Director	$0	$0	$0
40 CAROLINE TILL	BOARD MEMBER	2.00	Director	$0	$0	$0
41 RICHARD H WALKER JR ESQ	BOARD MEMBER	2.00	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
2025	$20,368,695	$3,188,414	$75,923,975	$17,180,281
2024	$4,818,330	$2,930,547	$67,621,924	$1,887,783
2023	$5,634,290	$3,180,274	$60,657,203	$2,454,016
2022	$5,457,548	$3,002,831	$54,897,443	$2,454,717
2021	$6,076,126	$2,237,522	$60,845,763	$3,838,604
2020	$9,958,799	$2,368,178	$50,674,412	$7,590,621
2019	$5,167,730	$2,590,269	$43,585,139	$2,577,461
2018	$6,758,120	$2,561,487	$40,246,167	$4,196,633