KEAN UNIVERSITY FOUNDATION INC (EIN 222849480) - 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

1984

Legal Domicile

Principal Officer

WILLIAM MILLER

Phone

9083168920

Tax Period

2024-07-01 to 2025-06-30

KEAN UNIVERSITY FOUNDATION INC, founded in 1984, is a mid-sized nonprofit in the Education sector that reported $16.7M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 28% operating margin.

Mission

THE FOUNDATION RAISES FUNDS TO SUPPORT KEAN UNIVERSITY

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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 $7,793,746

Program Service Revenue $3,166,646

Investment Income $6,135,004

Other Revenue $-372,900

TOTAL REVENUE $16,722,496

Expense Breakdown

Grants Paid $3,406,794

Salaries & Benefits $2,019,379

Fundraising Expenses $1,596,688

Program Expenses $6,773,719

Other Expenses $6,678,358

TOTAL EXPENSES $12,104,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,722,496	$10,058,819	+0.7%
Expenses	$12,104,531	$9,826,654	+0.2%
Net Income	$4,617,965	$232,165	+18.9%

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

Volunteers

N/A

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

$534,228

Total Directors

$329,743

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MILLER	CEO	40.00	Officer Director	$315,750	$13,993	$329,743
WILLIAM F LOEHNING	CHAIR	0.25	Officer Director	$0	$0	$0
MARK HILTWEIN	VICE CHAIR	0.25	Officer Director	$0	$0	$0
LINDA D TUMA	SECRETARY	0.25	Officer Director	$0	$0	$0
ANTHONY GIORDANO III	TREASURER	0.25	Officer Director	$0	$0	$0
ANGEL IHIE	DIRECTOR	0.25	Director	$0	$0	$0
ARTHUR WILLIAMS	DIRECTOR	0.25	Director	$0	$0	$0
BARBARA SOBEL	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN MURPHY	DIRECTOR	0.25	Director	$0	$0	$0
CHARLES WAIMON	DIRECTOR	0.25	Director	$0	$0	$0
CHERYL QUINIO-BLODGETT	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTINA CAREY DUNLEAVY	DIRECTOR	0.25	Director	$0	$0	$0
DONALD BRADY	DIRECTOR	0.25	Director	$0	$0	$0
LAMONT O REPOLLET ED D	DIRECTOR	0.25	Director	$0	$0	$0
EDWARDO ESPINAL	DIRECTOR	0.25	Director	$0	$0	$0
EDWARD A ESPOSITO	DIRECTOR	0.25	Director	$0	$0	$0
GERALD TARANTOLO	DIRECTOR	0.25	Director	$0	$0	$0
HENRY RINDER	DIRECTOR	0.25	Director	$0	$0	$0
JAMES K ESTABROOK ESQ	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN ALTON	DIRECTOR	0.25	Director	$0	$0	$0
LESLIE HARWOOD	DIRECTOR	0.25	Director	$0	$0	$0
MARLON MATHEWS	DIRECTOR	0.25	Director	$0	$0	$0
MIKE MILLAZZO	DIRECTOR	0.25	Director	$0	$0	$0
PATRICIA DULINSKI	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT N SCHOBER	DIRECTOR	0.25	Director	$0	$0	$0
STEVE FASTOOK	DIRECTOR	0.25	Director	$0	$0	$0
CLARINDA JOSEPH-CUMBERBATCH	COO	40.00	Officer	$197,790	$6,695	$204,485
EDWARD W AHART II	CDO	40.00	Highest	$177,000	$17,077	$194,077
MOLLY MCGARRY	SR DIRECTOR OF ANNUAL GIVING	40.00	Highest	$120,681	$0	$120,681
OFELIA C GOMES	DIRECTOR OF DATA MANAGEMENT	40.00	Highest	$110,551	$0	$110,551

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	$16,722,496	$12,104,531	$125,445,157	$4,617,965
2024	No data	No data	No data	No data
2023	$10,085,812	$8,433,241	$102,482,697	$1,652,571
2022	$11,069,195	$5,192,029	$95,899,383	$5,877,166
2021	$7,620,099	$4,331,281	$104,167,220	$3,288,818
2020	$39,897,638	$3,208,004	$87,078,533	$36,689,634
2020	$39,897,638	$3,208,004	$87,078,533	$36,689,634
2019	$10,649,734	$2,558,101	$50,511,444	$8,091,633
2018	$6,486,331	$6,336,117	$41,890,481	$150,214

KEAN UNIVERSITY FOUNDATION INC