MONTCLAIR STATE UNIVERSITY FOUNDATION INC (EIN 226017209) - 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

1960

Legal Domicile

Principal Officer

SHIN K MOON

Phone

9736554344

Tax Period

2024-07-01 to 2025-06-30

MONTCLAIR STATE UNIVERSITY FOUNDATION INC, founded in 1960, is a mid-sized nonprofit in the Education sector that reported $35.6M in total revenue in fiscal year 2024. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.0M, a strong 59% operating margin.

Mission

TO PROVIDE FINANCIALLY FOR THE EDUCATIONAL NEEDS & OTHER PROGRAM SUPPORT OF MONTCLAIR STATE UNIV.

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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 $30,972,116

Program Service Revenue $0

Investment Income $4,614,761

Other Revenue $1,667

TOTAL REVENUE $35,588,544

Expense Breakdown

Grants Paid $11,717,271

Salaries & Benefits $0

Fundraising Expenses $284,947

Program Expenses $12,040,385

Other Expenses $2,894,937

TOTAL EXPENSES $14,612,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,588,544	$14,808,594	+1.4%
Expenses	$14,612,208	$9,019,117	+0.6%
Net Income	$20,976,336	$5,789,477	+2.6%

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

$152,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO J GENOVA	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY CARLINO	VICE CHAIR TO CHAIR (EFF. 06/25)	1.00	Officer Director	$0	$0	$0
BETH GOTTUNG	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA WATSON	TRUSTEE TO TREASURER (EFF. 06/25)	1.00	Officer Director	$0	$0	$0
DAVE WERTHEIM	TRUSTEE TO SECRETARY (EFF. 06/25)	1.00	Officer Director	$0	$0	$0
DAVID TRUBATCH	TRUSTEE	1.00	Director	$0	$0	$0
DENISE ROVER	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS BONE	TRUSTEE	1.00	Director	$0	$0	$0
GREG SHANAPHY	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY COLLINS	CHAIR TO TRUSTEE (EFF. 6/25)	1.00	Officer Director	$0	$0	$0
HAROLD BRYANT	TRUSTEE	1.00	Director	$0	$0	$0
JAMES MERLI	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY L JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN KOPPELL	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH A SCHUMACHERTILTON	TRUSTEE	1.00	Director	$0	$0	$0
KEITH ANSBACHER	TRUSTEE	1.00	Director	$0	$0	$0
KENT SLUYTER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN BRADLEY	TRUSTEE	1.00	Director	$0	$0	$0
LESTER TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
PENELOPE VANCE	SECRETARY TO VICE CHAIR (EFF. 06/25)	1.00	Officer Director	$0	$0	$0
RITA WALTERS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT GREGORY	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT IACULLO	TREASURER (UNTIL 06/25)	1.00	Officer Director	$0	$0	$0
ROBERT J LIEBERMAN	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON BELLUM	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN RESNICK	TRUSTEE	1.00	Director	$0	$0	$0
SHIN K MOON	AVP - FINANCE	30.00	Officer	$138,170	$14,621	$152,791

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	$35,588,544	$14,612,208	$168,171,154	$20,976,336
2024	$14,808,594	$9,019,117	$135,561,646	$5,789,477
2023	$15,347,323	$10,357,786	$119,002,563	$4,989,537
2022	$13,284,004	$8,584,400	$109,561,235	$4,699,604
2021	$13,845,649	$8,966,407	$111,460,442	$4,879,242
2020	$10,397,613	$8,580,805	$93,475,584	$1,816,808
2019	$11,562,815	$8,370,482	$91,802,430	$3,192,333

MONTCLAIR STATE UNIVERSITY FOUNDATION INC