PASSAIC COUNTY COMMUNITY COLLEGE FOUNDATION (EIN 222137361) - 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

DEBORAH S HOFFMAN

Phone

9736845217

Tax Period

2023-07-01 to 2024-06-30

PASSAIC COUNTY COMMUNITY COLLEGE FOUNDATION, founded in 1976, is a small nonprofit that reported $936K in total revenue in fiscal year 2023. The organization ran a surplus of $191K, a strong 20% operating margin.

Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIP SUPPORT FOR PASSAIC COUNTY COMMUNITY COLLEGE STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $387,584

Program Service Revenue $0

Investment Income $264

Other Revenue $548,630

TOTAL REVENUE $936,478

Expense Breakdown

Grants Paid $510,165

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $591,530

Other Expenses $235,446

TOTAL EXPENSES $745,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$936,478	$912,682	+0.0%
Expenses	$745,611	$408,416	+0.8%
Net Income	$190,867	$504,266	-0.6%

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	Role	Reportable Comp	Other Comp	Total
DEBORAH S HOFFMAN	Chair.	Officer Director	$0	$0	$0
GARLAND COLLINS	Vice Chair.	Officer Director	$0	$0	$0
DR STEVE M ROSE	Treasurer	Officer Director	$0	$0	$0
TODD SORBER	Secretary	Officer Director	$0	$0	$0
STEVEN COPPA	Trustee	Director	$0	$0	$0
RAFAEL CUELLAR	Trustee	Director	$0	$0	$0
HARRY B GOURLEY	Trustee	Director	$0	$0	$0
DR JAQUELINE KINEAVY	Trustee/VP Acad	Director	$0	$0	$0
MERILLE SIEGEL	Trustee	Director	$0	$0	$0
EDWARD FARMER	Trustee	Director	$0	$0	$0
JAMES DYKES	Trustee	Director	$0	$0	$0
EBRU KUSCAN-AGUIRRE	Trustee	Director	$0	$0	$0
MATTHEW BARISO	Trustee	Director	$0	$0	$0
STEVEN GERBER	Trustee	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	No data	No data	No data	No data
2024	$936,478	$745,611	$7,405,426	$190,867
2023	$912,682	$408,416	$6,555,920	$504,266
2022	$957,960	$392,314	$5,792,767	$565,646
2021	$924,667	$464,367	$5,502,783	$460,300
2020	$1,022,905	$1,119,421	$5,304,703	$-96,516
2019	$745,899	$849,186	$5,649,052	$-103,287

PASSAIC COUNTY COMMUNITY COLLEGE FOUNDATION