SUNY NEW PALTZ FOUNDATION INC (EIN 222141645) - 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

JONATHAN VAUGHN

Phone

8452573232

Tax Period

2024-07-01 to 2025-06-30

SUNY NEW PALTZ FOUNDATION INC, founded in 1976, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.9M, a strong 61% operating margin.

Mission

THE MISSION OF THE SUNY NEW PALTZ FOUNDATION IS TO SEEK, SECURE AND MANAGE GIFTS AND GRANTS TO FUND SCHOLARSHIPS AND PROGRAMS THAT ENRICH AND SUPPORT THE ACADEMIC, CULTURAL AND COMMUNITY LIFE OF SUNY NEW PALTZ, AND TO BUILD A LASTING ENDOWMENT FOR THE UNIVERSITY'S FUTURE.

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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 $6,056,532

Program Service Revenue $0

Investment Income $1,947,129

Other Revenue $239

TOTAL REVENUE $8,003,900

Expense Breakdown

Grants Paid $1,014,788

Salaries & Benefits $0

Fundraising Expenses $372,245

Program Expenses $2,336,762

Other Expenses $1,930,275

TOTAL EXPENSES $3,105,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,003,900	$11,714,529	-0.3%
Expenses	$3,105,017	$3,784,266	-0.2%
Net Income	$4,898,883	$7,930,263	-0.4%

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

$830,173

Total Directors

$709,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL WHEELER	DIRECTOR / SUNY NEW PALTZ PRESIDENT	2.50	Officer Director	$0	$87,823	$384,349
ERICA MARKS	EXECUTIVE DIRECTOR / VP OF DEVELOPMENT	30.00	Officer Director	$0	$60,292	$324,951
JULIA DAVIS	CFO	40.00	Officer	$0	$10,852	$120,873
TAMAH WIEGAND	CHAIR	3.00	Officer Director	$0	$0	$0
COL JOSEPH DAVIDSON '90	FIRST CHAIR	2.00	Officer Director	$0	$0	$0
JEFFERY KORN ESQ '79	SECOND CHAIR	3.00	Officer Director	$0	$0	$0
FITZARNAZ DRUMMOND '06	TREASURER	3.00	Officer Director	$0	$0	$0
MICHELE DI PALO-WILLIAMS '77	SECRETARY	2.00	Officer Director	$0	$0	$0
FAHAD AHMED '06	DIRECTOR	2.00	Director	$0	$0	$0
DION BACCUS '92	DIRECTOR	2.00	Director	$0	$0	$0
PHIL BERKOWITZ '75	DIRECTOR	2.00	Director	$0	$0	$0
VILICIA CADE '88	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD CARROLL '85	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA ESMARK '84	DIRECTOR	2.00	Director	$0	$0	$0
SEAN FOOTE '96	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH GARAY '78	DIRECTOR	2.00	Director	$0	$0	$0
JO ANN GOLDEN '69	DIRECTOR	2.00	Director	$0	$0	$0
SHARIF JAMAL	DIRECTOR	2.00	Director	$0	$0	$0
PAUL LLEWELLYN '91	DIRECTOR	3.00	Director	$0	$0	$0
DENNIS MCSHANE '77	DIRECTOR	2.00	Director	$0	$0	$0
JAMES F PASSIKOFF	DIRECTOR	2.00	Director	$0	$0	$0
ELIZBETH PEREZ '98	DIRECTOR	2.00	Director	$0	$0	$0
ITA RAHILLY	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE RAYMOND	DIRECTOR	2.00	Director	$0	$0	$0
IRA SCHRECK '74	DIRECTOR	2.00	Director	$0	$0	$0
GIANCARLO TRAVERSO	DIRECTOR	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	$8,003,900	$3,105,017	$70,400,967	$4,898,883
2024	$11,714,529	$3,784,266	$62,720,811	$7,930,263
2023	$3,897,969	$2,775,350	$51,116,186	$1,122,619
2022	$4,407,020	$2,089,089	$47,545,812	$2,317,931
2021	$4,318,846	$2,435,886	$52,354,064	$1,882,960
2020	$3,266,386	$2,436,484	$45,007,484	$829,902
2019	$4,743,946	$2,062,535	$43,211,805	$2,681,411
2018	$8,760,590	$1,793,289	$40,583,158	$6,967,301

SUNY NEW PALTZ FOUNDATION INC