RUTGERS ALUMNI ASSOCIATION

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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

1980

Legal Domicile

Principal Officer

JEFFREY ARMUS

Phone

9084190624

Tax Period

2023-07-01 to 2024-06-30

RUTGERS ALUMNI ASSOCIATION, founded in 1980, is a small nonprofit in the Education sector that reported $250K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 31% operating margin.

Mission

THE PURPOSES OF THE RAA SHALL BE TO PROVIDE A CONTINUUM FOR STUDENTS TO STAY CONNECTED AS THEYMOVE INTO THEIR NEW ROLE AS ALUMNI AND CREATE AN ASSOCIATION FOR ALUMNI WHO HAVE GRADUATED FROMTHE RUTGERS SCHOOL OF ARTS AND SCIENCES (SAS) AND ITS FORMER UNDERGRADUATE COLLEGES THATPRESERVES OUR HERITAGE AND EMBRACES OUR FUTURE.

Program Service Accomplishments

Program 1

Expenses: $7,741

PUBLICATIONS- COSTS ASSOCIATED WITH PRINTING & MAILING "1776" ALUMNI MAGAZINE TO APPROXIMATELY 6,000 MEMBERS & FRIENDS.

Program 2

Expenses: $122,796 Revenue: $142,955

OTHER ALUMNI ACTIVITIES- LOYAL SONS & DAUGHTERS AWARDS DINNER, ALUMNI-STUDENT CAREER NETWORKING, COMMUNITY SERVICE AND OUTREACH PROGRAMS, FAMILY DAY, HOMECOMING AND REUNION WEEKENDS & OTHER...

OTHER ALUMNI ACTIVITIES- LOYAL SONS & DAUGHTERS AWARDS DINNER, ALUMNI-STUDENT CAREER NETWORKING, COMMUNITY SERVICE AND OUTREACH PROGRAMS, FAMILY DAY, HOMECOMING AND REUNION WEEKENDS & OTHER ACTIVITIES. THESE EVENTS ARE HELD AT VARIOUS TIMES THROUGHOUT THE YEAR.

Program 3

Expenses: $20,750

GRANTS MADE TO VARIOUS RUTGERS UNIVERSITY STUDENT GROUPS.

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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 $100

Program Service Revenue $39,667

Investment Income $106,780

Other Revenue $103,288

TOTAL REVENUE $249,835

Expense Breakdown

Grants Paid $20,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,287

Other Expenses $151,012

TOTAL EXPENSES $171,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,835	$184,624	+0.4%
Expenses	$171,762	$138,108	+0.2%
Net Income	$78,073	$46,516	+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

N/A

Volunteers

100

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE SETZER	PRESIDENT	15.00	Officer Director	$0	$0	$0
KEN KOLANKO	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
YASH DALAL	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
HOUSHANG PARSA	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MARC GOLDSTONE	CORPORATE SECRETARY	10.00	Officer Director	$0	$0	$0
JEFFREY ARMUS	TREASURER	10.00	Officer 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	$249,835	$171,762	$3,759,113	$78,073
2023	$184,624	$138,108	$3,394,636	$46,516
2022	$111,281	$122,216	$3,176,869	$-10,935
2021	$202,581	$48,144	$3,883,207	$154,437
2020	$152,822	$139,677	$3,157,942	$13,145
2019	$87,177	$238,626	$3,070,938	$-151,449
2018	$183,649	$246,245	$2,986,371	$-62,596