CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC (EIN 222447399) - 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

JOHN MARCHESE

Phone

6079629458

Tax Period

2023-01-01 to 2023-12-31

CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC, founded in 1982, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO BENEFIT CORNING COMMUNITY COLLEGE

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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 $452,051

Program Service Revenue $1,192,483

Investment Income $284,252

Other Revenue $346,133

TOTAL REVENUE $2,274,919

Expense Breakdown

Grants Paid $240,116

Salaries & Benefits $0

Fundraising Expenses $281,020

Program Expenses $2,747,035

Other Expenses $2,925,722

TOTAL EXPENSES $3,165,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,274,919	$8,645,207	-0.7%
Expenses	$3,165,838	$3,176,696	0.0%
Net Income	$-890,919	$5,468,511	-1.2%

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

$127,264

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL KOSKI	PRESIDENT	0.00	Officer Director	$0	$0	$0
KAMALA KEELEY	SECRETARY	0.00	Officer Director	$0	$0	$0
ARTHUR BOEHM	TREASURER	0.00	Officer Director	$0	$0	$0
RONALD ALLISON	DIRECTOR	0.00	Director	$0	$0	$0
FREDERICK ARCURI	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
DOUGLAS COTTON	DIRECTOR	0.00	Director	$0	$0	$0
FELISSA KOERNIG	DIRECTOR	0.00	Director	$0	$0	$0
JAMES JOHNSON	DIRECTOR	0.00	Director	$0	$0	$0
NANCY WIGHTMAN	DIRECTOR	0.00	Director	$0	$0	$0
KAI D'ALLEVA	DIRECTOR	0.00	Director	$0	$0	$0
MARY VOSBURGH	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER WARNER	DIRECTOR	0.00	Director	$0	$0	$0
DR JOHN MARCHESE	EXECUTIVE DIRECTOR	22.50	Officer	$0	$32,693	$127,264

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
2024	No data	No data	No data	No data
2023	$2,274,919	$3,165,838	$27,885,373	$-890,919
2022	$8,645,207	$3,176,696	$28,158,741	$5,468,511
2021	$3,428,061	$2,870,567	$30,644,287	$557,494
2020	$2,123,237	$3,105,181	$29,816,190	$-981,944
2019	$3,485,326	$3,453,815	$30,351,758	$31,511
2018	$2,965,359	$3,283,112	$29,364,994	$-317,753

CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC