North Shore Community College Foundation Inc (EIN 222485476) - 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

1983

Legal Domicile

Principal Officer

JOHN FOUHY

Phone

9787624000

Tax Period

2024-07-01 to 2025-06-30

North Shore Community College Foundation Inc, founded in 1983, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

The mission of The North Shore Community College Foundation, Inc. is to secure resources to promote, improve and maintain access to a high-quality education. The North Shore Community College Foundation sees higher education as a catalyst and an agent of change for individuals, families and communities. It envisions a community that recognizes the importance of educational opportunities and assures positive educational outcomes are accessible to all, regardless of economic or any other circumstance.

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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 $564,400

Program Service Revenue $0

Investment Income $541,284

Other Revenue $13,769

TOTAL REVENUE $1,119,453

Expense Breakdown

Grants Paid $1,144,886

Salaries & Benefits $0

Fundraising Expenses $44,637

Program Expenses $1,144,886

Other Expenses $154,907

TOTAL EXPENSES $1,299,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,119,453	$1,938,474	-0.4%
Expenses	$1,299,793	$1,978,251	-0.3%
Net Income	$-180,340	$-39,777	+3.5%

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

Total Directors

$335,005

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HEINEMAN	President	1.0	Director	$0	$83,520	$335,005
john fouhy	PRESIDENT	1.0	Officer Director	$0	$0	$0
Laura Kurzrok	First VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
Lyn Kaplan	Second Vice president	1.0	Officer Director	$0	$0	$0
tucker mcdonald	Treasurer	1.0	Officer Director	$0	$0	$0
Mary Sarris	Clerk	1.0	Officer Director	$0	$0	$0
bruce daniels	DIRECTOR	1.0	Director	$0	$0	$0
barbara heinemann	director	1.0	Director	$0	$0	$0
DAVID HENRY	DIRECTOR	1.0	Director	$0	$0	$0
mark anthony hunter	director	1.0	Director	$0	$0	$0
David Mack	director	1.0	Director	$0	$0	$0
brian mason	director	1.0	Director	$0	$0	$0
joseph riley	director	1.0	Director	$0	$0	$0
shari sagan mcguirk	director	1.0	Director	$0	$0	$0
stephen vesey	director	1.0	Director	$0	$0	$0
Richard Yagjian	Director	1.0	Director	$0	$0	$0
Jazmin Rodriquez	Student Director	1.0	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	$1,119,453	$1,299,793	$16,151,325	$-180,340
2024	$1,938,474	$1,978,251	$15,150,334	$-39,777
2023	$2,871,168	$1,155,216	$13,803,921	$1,715,952
2022	$5,346,444	$1,009,144	$11,075,370	$4,337,300
2021	$1,522,635	$1,462,651	$12,316,907	$59,984
2020	$1,012,899	$908,424	$10,347,530	$104,475
2019	$1,508,076	$690,456	$9,976,122	$817,620

North Shore Community College Foundation Inc