THE COLLEGE OF NEW JERSEY FOUNDATION INC (EIN 222448189) - 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

1971

Legal Domicile

Principal Officer

DAVID MUHA

Phone

6097712203

Tax Period

2024-07-01 to 2025-06-30

THE COLLEGE OF NEW JERSEY FOUNDATION INC, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 36% operating margin.

Mission

TO FUND PROGRAMS THAT SUPPORT THE OVERALL MISSION OF THE COLLEGE OF NEW JERSEY.

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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 $7,412,756

Program Service Revenue $0

Investment Income $5,063,811

Other Revenue $0

TOTAL REVENUE $12,476,567

Expense Breakdown

Grants Paid $6,119,527

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,474,051

Other Expenses $1,808,667

TOTAL EXPENSES $7,928,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,476,567	$9,528,460	+0.3%
Expenses	$7,928,194	$7,614,373	+0.0%
Net Income	$4,548,373	$1,914,087	+1.4%

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

$252,705

Total Directors

$252,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA E WEISSBART	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS M RUGGIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CRAIG MORGENSTERN	TREASURER & FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID W MUHA	EXECUTIVE DIRECTOR	13.00	Officer Director	$40,038	$29,063	$69,101
JOHN P DONOHUE	EXECUTIVE DIRECTOR - PART YEAR	13.00	Officer Director	$150,570	$33,034	$183,604
QADIM GHANI	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD SCHWEIGERT	ASSISTANT TREASURER - PART YEAR	1.00	Officer Director	$0	$0	$0
ELAINE ROCHA	PAST CHAIR	1.00	Director	$0	$0	$0
CHRISTINE BERK	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
DR ANGELA BESS	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY BRANDLEY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELICA CARDONA	ALUMNI ASSOC. LIAISON - PART YEAR	1.00	Director	$0	$0	$0
BARBARANNE DIMARCO	DIRECTOR	1.00	Director	$0	$0	$0
MARIA FALCA-DODSON	DIRECTOR	1.00	Director	$0	$0	$0
JAQUELINE GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
REAGAN HEIDELBERG	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DR HERBERT MAYO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MOSOVICH	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MEYERS PELSON	DIRECTOR	1.00	Director	$0	$0	$0
DR REGINA PETER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW POLANSKY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RAGO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ROSS	DIRECTOR	1.00	Director	$0	$0	$0
ALAN SILK	BOARD OF TRUSTEES LIAISON	1.00	Director	$0	$0	$0
JEN SILVESTROV-GUARINI	ALUMNI ASSOCIATION LIAISON	1.00	Director	$0	$0	$0
PETER SIMONS	DIRECTOR	1.00	Director	$0	$0	$0
DR EMILY SPIREAS	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNE SVIZENY	DIRECTOR	1.00	Director	$0	$0	$0
LEON VAN HORN III	AUDIT CHAIR	1.00	Director	$0	$0	$0
TRACEY WARREN	DIRECTOR	1.00	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	$12,476,567	$7,928,194	$81,007,541	$4,548,373
2024	$9,528,460	$7,614,373	$72,048,687	$1,914,087
2023	$8,134,492	$12,128,100	$63,000,599	$-3,993,608
2022	$30,765,630	$9,354,520	$60,398,961	$21,411,110
2021	$16,757,600	$8,859,408	$70,159,109	$7,898,192
2020	$11,699,610	$6,116,077	$50,906,946	$5,583,533
2019	$12,968,908	$6,322,797	$47,485,784	$6,646,111

THE COLLEGE OF NEW JERSEY FOUNDATION INC