MIDDLESEX COLLEGE FOUNDATION INC (EIN 226079662) - 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

1966

Legal Domicile

Principal Officer

DEANGELINA INMAN

Phone

7329062564

Tax Period

2023-07-01 to 2024-06-30

MIDDLESEX COLLEGE FOUNDATION INC, founded in 1966, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $380K, a strong 23% operating margin.

Mission

HELPING STUDENTS OPEN DOORS TO THEIR FUTURE WITH FINANCIAL AID, SCHOLARSHIPS, AND EDUCATIONAL RESOURCES.

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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 $1,065,320

Program Service Revenue $0

Investment Income $615,860

Other Revenue $865

TOTAL REVENUE $1,682,045

Expense Breakdown

Grants Paid $1,082,360

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,090,566

Other Expenses $219,377

TOTAL EXPENSES $1,301,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,682,045	$928,779	+0.8%
Expenses	$1,301,737	$1,567,637	-0.2%
Net Income	$380,308	$-638,858	-1.6%

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

$119,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE CONBOY KIRSHENBAUM	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DEANGELINA INMAN	1ST VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANTHONY OSBOURNE	2ND VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JAMES CAMPBELL	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE FILLWEBER	SECRETARY	1.00	Officer Director	$0	$0	$0
BARBARA BERNARD	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN BINETTI	TRUSTEE	1.00	Director	$0	$0	$0
ABHI DIWAKER	TRUSTEE	1.00	Director	$0	$0	$0
GENETTE FALK	TRUSTEE	1.00	Director	$0	$0	$0
RICK GELMETTI	TRUSTEE	1.00	Director	$0	$0	$0
LINDA DONATO KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
KEITH MENSCHER ESQ	TRUSTEE	1.00	Director	$0	$0	$0
PRITI PANDYA-PATEL PSYD	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ROFMAN CPA	TRUSTEE	1.00	Director	$0	$0	$0
BUVANA RADHAKRISHNAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FISHER	TRUSTEE	1.00	Director	$0	$0	$0
LISA KELLY	EXECUTIVE DIRECTOR	40.00	Officer	$100,592	$18,735	$119,327

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	$1,682,045	$1,301,737	$23,378,377	$380,308
2023	$928,779	$1,567,637	$21,571,848	$-638,858
2022	$2,441,573	$1,331,277	$20,490,248	$1,110,296
2021	$2,811,630	$1,312,985	$23,894,938	$1,498,645
2020	$1,005,576	$1,566,490	$20,075,654	$-560,914
2019	$2,017,122	$1,017,135	$19,893,802	$999,987
2018	$1,645,113	$1,128,414	$19,487,756	$516,699

MIDDLESEX COLLEGE FOUNDATION INC