New Jersey Council of County Colleges

EIN: 223085497 501(c)(3)

Hamilton, NJ

Total Revenue
$17,475,848
Total Expenses
$16,577,154
Total Assets
$14,280,420
Net Assets
$6,497,660
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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
1989
Legal Domicile
NJ
Principal Officer
Dr Aaron R Fichtner
Phone
6093923434
Tax Period
2024-07-01 to 2025-06-30

New Jersey Council of County Colleges, founded in 1989, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $16.6M left a modest 5% surplus.

Mission

To perform statewide coordinating functions for New Jerseys community colleges and develop community-college led partnerships and solutions to expand educational and economic opportunity.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,656,924
Program Service Revenue $1,371,458
Investment Income $443,515
Other Revenue $3,951
TOTAL REVENUE $17,475,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,289,324
Fundraising Expenses $49,029
Program Expenses $15,849,809
Other Expenses $15,287,830
TOTAL EXPENSES $16,577,154

Year-over-Year Comparison

2024 2023 Change
Revenue $17,475,848 $13,274,860 +0.3%
Expenses $16,577,154 $12,005,293 +0.4%
Net Income $898,694 $1,269,567 -0.3%
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

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Governance

Voting Members
36
Independent Members
36
Employees
17
Volunteers
36

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
9
$541,694
Total Directors
4
$0
Key Employees
3
$612,909
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Aaron Fichtner President 65.00
Officer
$272,796 $27,452 $300,248
Catherine Starghill Esq Vice President 50.00
Officer
$194,882 $46,564 $241,446
Jessica R Purnell Vice Chair 2.00
Officer Director
$0 $0 $0
Mary Zimmerman Trustee 2.00
Officer Director
$0 $0 $0
Dorothy Hall Trustee 2.00
Officer Director
$0 $0 $0
Dr Sheetal Ranjan Chair 2.00
Officer Director
$0 $0 $0
Dr Mark McCormick Secretary 2.00
Officer
$0 $0 $0
Dr David Stout Treasurer 2.00
Officer
$0 $0 $0
Mike Gorman President At Large 2.00
Officer
$0 $0 $0
Jacob S Farbman Executive Director, Economic Mobility 45.00
Key Emp
$152,904 $14,507 $167,411
Maria Heidkamp Chief of Innovation and Policy 50.00
Key Emp
$180,000 $47,620 $227,620
Linda Sherr Chief Academic Officer 50.00
Key Emp
$180,000 $37,878 $217,878
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 $17,475,848 $16,577,154 $14,280,420 $898,694
2024 $13,274,860 $12,005,293 $14,919,959 $1,269,567
2023 $12,118,994 $11,301,896 $12,744,934 $817,098
2022 $11,343,190 $11,124,563 $12,626,662 $218,627
2021 $3,541,533 $3,874,914 $4,960,953 $-333,381
2020 $5,900,047 $5,760,667 $5,603,263 $139,380
2019 $8,373,501 $8,111,818 $5,946,632 $261,683
2018 $10,533,731 $10,283,836 $5,310,000 $249,895
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