ADIRONDACK COMMUNITY COLLEGE FOUND… - Form 990 Financial Data

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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

ERINN KOLLIGIAN

Phone

5187432255

Tax Period

2023-07-01 to 2024-06-30

ADIRONDACK COMMUNITY COLLEGE FOUNDATION, founded in 1983, is a small nonprofit in the Education sector that reported $940K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $334K, a strong 36% operating margin.

Mission

GUIDED BY SUNY ADIRONDACK'S STRATEGIC PLAN, THE SUNY ADIRONDACK FOUNDATION ACTIVELY AND COLLABORATIVELY RAISES AND MANAGES THE NECESSARY FUNDS TO HELP THE COLLEGE MEET THE EVOLVING NEEDS OF ITS STUDENTS AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $382,530

SCHOLARSHIPS AND AWARDS WERE GRANTED TO SUNY ADIRONDACK STUDENTS TO AID IN THEIR COLLEGE FUNDING.

Program 2

Expenses: $159,761

TO SUPPORT SUNY ADIRONDACK INITIATIVES.

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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 $458,808

Program Service Revenue $0

Investment Income $433,883

Other Revenue $47,476

TOTAL REVENUE $940,167

Expense Breakdown

Grants Paid $521,538

Salaries & Benefits $0

Fundraising Expenses $2,210

Program Expenses $542,291

Other Expenses $84,621

TOTAL EXPENSES $606,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$940,167	$676,911	+0.4%
Expenses	$606,159	$1,319,934	-0.5%
Net Income	$334,008	$-643,023	-1.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HART	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERINN KOLLIGIAN	PRESIDENT - ELECT	1.00	Officer Director	$0	$0	$0
ROBIN WADLEIGH	TREASURER	1.00	Officer Director	$0	$0	$0
RACHAEL HUNSINGER PATTEN	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBERT BULLOCK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R BURKETT	DIRECTOR	1.00	Director	$0	$0	$0
JIM CASACCIO	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL E DANFORTH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DOWEN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE D DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD J FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD L HANCHETT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CHAD MALLOW	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY MARCANTONIO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NEMER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R NOLAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
NAFTALI ROTTENSTREICH PHD	DIRECTOR	1.00	Director	$0	$0	$0
DESMA SHEERER MHSA	DIRECTOR	1.00	Director	$0	$0	$0
SUE TRUMPICK	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA HUGABONE VINSON ESQ	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	No data	No data	No data	No data
2024	$940,167	$606,159	$8,638,731	$334,008
2023	$676,911	$1,319,934	$7,308,804	$-643,023
2022	$689,265	$677,908	$7,066,280	$11,357
2021	$724,752	$964,037	$7,904,017	$-239,285
2020	$799,615	$602,629	$6,613,165	$196,986
2019	$722,614	$781,497	$6,618,381	$-58,883

ADIRONDACK COMMUNITY COLLEGE FOUNDATION