BERGEN COMMUNITY COLLEGE FOUNDATION (EIN 222351891) - 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

1982

Legal Domicile

Principal Officer

SUZANNE WETZEL

Phone

2014477117

Tax Period

2024-07-01 to 2025-06-30

BERGEN COMMUNITY COLLEGE FOUNDATION, founded in 1982, is a small nonprofit in the Education sector that reported $982K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $14.1M represent 173 months of operating reserves.

Mission

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF ASSISTING THE BOARD OF TRUSTEES OF BERGEN COMMUNITY COLLEGE IN ATTAINING, HOLDING, INVESTING, AND ADMINISTERING PROPERTY AND MAKING EXPENDITURES TO OR FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS AND ITS FACULTY AND STAFF.

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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 $525,001

Program Service Revenue $0

Investment Income $457,053

Other Revenue $0

TOTAL REVENUE $982,054

Expense Breakdown

Grants Paid $508,737

Salaries & Benefits $92,901

Fundraising Expenses $95,184

Program Expenses $652,526

Other Expenses $412,628

TOTAL EXPENSES $1,014,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$982,054	$1,099,789	-0.1%
Expenses	$1,014,266	$1,111,286	-0.1%
Net Income	$-32,212	$-11,497	+1.8%

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

$5,351

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP J CIARCO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BAGATELLE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DEVEJIAN	DIRECTOR	1.00	Director	$0	$0	$0
LUCIJA BEGONJA	DIRECTOR	1.00	Director	$0	$0	$0
MARK DEVLI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
IRA J KALTMAN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY SCHEPISI ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID YORK	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BASRALIAN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN RENALDO	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE JOEL	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA LAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
GORDON HAMM	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ROSS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MANCINI	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CONTE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
MARK LONGO	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY BLAKESLEE	DIRECTOR	1.00	Director	$0	$0	$0
AVANI PATEL	DIRECTOR (JOINED 9/22/24)	1.00	Director	$0	$0	$0
JUDY J CHANG ESQ	DIRECTOR (JOINED 9/22/24)	1.00	Director	$0	$0	$0
DANIEL M FOLEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
VINCENT DURANTE	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC FRIEDMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN O'CONNOR	VICE CHAIR PERSON	1.00	Officer Director	$0	$0	$0
MI AHN	SECRETARY (JOINED 9/22/24)	1.00	Officer Director	$0	$0	$0
PETER KIRKJOINED 121624	DIRECTOR-CHIEF DEVELOPMENT OFFICER	40.00	Officer	$0	$0	$5,351

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	$982,054	$1,014,266	$14,379,887	$-32,212
2024	$1,099,789	$1,111,286	$13,289,879	$-11,497
2023	$1,040,591	$893,547	$11,981,160	$147,044
2022	$1,462,845	$1,106,757	$11,223,606	$356,088
2021	$1,065,816	$806,011	$13,154,593	$259,805
2020	$955,052	$865,967	$10,733,228	$89,085
2019	$1,184,557	$831,849	$10,464,729	$352,708
2018	$930,610	$792,259	$10,040,631	$138,351

BERGEN COMMUNITY COLLEGE FOUNDATION