THOMAS EDISON STATE UNIVERSITY FOUNDATION INC (EIN 222117814) - 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

1976

Legal Domicile

Principal Officer

CHRISTOPHER STRINGER

Phone

6099841588

Tax Period

2024-07-01 to 2025-06-30

THOMAS EDISON STATE UNIVERSITY FOUNDATION INC, founded in 1976, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $308K, a strong 19% operating margin.

Mission

THE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN THOMAS EDISON STATE UNIVERSITY'S POWER TO TRANSFORM LIVES AND BUILD A MORE COMPETITIVE WORKFORCE BY EMPOWERING ADULTS TO ATTAIN THEIR EDUCATIONAL GOALS.THOMAS EDISON STATE UNIVERSITY FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION. WHILE INDEPENDENT OF THOMAS EDISON STATE UNIVERSITY, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT, SUPPORT AND PROMOTION OF THE UNIVERSITY AND ITS EDUCATIONAL ACTIVITIES AND MAY RECEIVE AND INVEST BEQUESTS, GIFTS OR TRANSFERS OF PROPERTY OR MONEY, AND EXPEND ANY SUCH FUNDS OR PROPERTY FOR THE INSTITUTION'S EDUCATIONAL PURPOSES.THE TWO MAIN EVENTS FOR FY25 WAS THE 31ST ANNUAL GOLF CLASSIC (MAY 2025) TO SUPPORT THE TESU SCHOLARSHIP FUND AND 2024 IMPACT AWARDS (OCTOBR 2024) TO SUPPORT THE MISSION OF TESUF.

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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 $798,540

Program Service Revenue $0

Investment Income $830,690

Other Revenue $-23,504

TOTAL REVENUE $1,605,726

Expense Breakdown

Grants Paid $1,062,470

Salaries & Benefits $0

Fundraising Expenses $98,943

Program Expenses $1,078,285

Other Expenses $228,317

TOTAL EXPENSES $1,297,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,605,726	$1,441,700	+0.1%
Expenses	$1,297,287	$805,577	+0.6%
Net Income	$308,439	$636,123	-0.5%

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

$322,005

Total Directors

$29,243

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MERODIE HANCOCK	PRESIDENT, EX-OFFICIO	1.75	Officer Director	$23,124	$6,119	$29,243
NANCY S GLOOR	BOARD CHAIRMAN	4.00	Officer Director	$0	$0	$0
DR KIMBERLYNN KLEASEN	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
ERIC ROBERT LEAR	TREASURER	0.50	Officer Director	$0	$0	$0
DR AHMED A AZMY	DIRECTOR	0.50	Director	$0	$0	$0
ALEX J BINDER	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL R BRENNA JR	DIRECTOR	0.50	Director	$0	$0	$0
LOVEPREET BUTTAR	DIRECTOR, THRU 07/12/24	0.50	Director	$0	$0	$0
DEBRA D'ARCANGELO	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE D GARGANIO	DIRECTOR	0.50	Director	$0	$0	$0
RONALD A GIMBEL	DIRECTOR	0.50	Director	$0	$0	$0
CATINA R HOOD	DIRECTOR	0.50	Director	$0	$0	$0
JAMES KILGORE	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN R KING	DIRECTOR	0.50	Director	$0	$0	$0
DR MATTHEW W LAMB	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN T MALONEY	DIRECTOR	0.50	Director	$0	$0	$0
MARTIN MELILLI	DIRECTOR	0.50	Director	$0	$0	$0
DR DEBROAH MICAN	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY RUSSO	DIRECTOR	0.50	Director	$0	$0	$0
WILLARD A STANBACK ESQ	DIRECTOR	0.50	Director	$0	$0	$0
RICK ST JOHN	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY STOKES	DIRECTOR	0.50	Director	$0	$0	$0
DR MICHAEL R TOSCANI	DIRECTOR	0.50	Director	$0	$0	$0
CAROL VOORHEES	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER STRINGER	VP & CFO	3.50	Officer	$24,625	$5,714	$30,339
MARY HEAGLEY	EXECUTIVE VP	26.25	Officer	$160,958	$31,151	$192,109
JACLYN JOWORISAK	SECRETARY	17.50	Officer	$46,903	$23,411	$70,314

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	$1,605,726	$1,297,287	$15,265,396	$308,439
2024	$1,441,700	$805,577	$14,061,512	$636,123
2023	$794,410	$957,307	$12,447,159	$-162,897
2022	$341,230	$587,642	$11,982,682	$-246,412
2021	$2,164,871	$872,530	$14,519,820	$1,292,341
2020	$1,300,288	$793,984	$12,997,024	$506,304
2019	$1,263,915	$1,008,994	$11,561,094	$254,921
2018	$1,269,735	$1,177,121	$10,069,904	$92,614

THOMAS EDISON STATE UNIVERSITY FOUNDATION INC