ROWAN COLLEGE FOUNDATION AT GLOUCESTER COUNTY (EIN 237008843) - 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

1969

Legal Domicile

Principal Officer

MICHAEL GIRONE

Phone

8564152100

Tax Period

2022-07-01 to 2023-06-30

ROWAN COLLEGE FOUNDATION AT GLOUCESTER COUNTY, founded in 1969, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2022. The organization ran a surplus of $1.4M, a strong 66% operating margin.

Mission

TO ENHANCE ROWAN COLLEGE OF SOUTH JERSEY'S TRADITION OF ACADEMIC EXCELLENCE BY PROVIDING STUDENT SCHOLARSHIPS FOR THOSE WITH FINANCIAL NEED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,915,718

Program Service Revenue $0

Investment Income $121,739

Other Revenue $91,817

TOTAL REVENUE $2,129,274

Expense Breakdown

Grants Paid $318,890

Salaries & Benefits $0

Fundraising Expenses $14,541

Program Expenses $568,890

Other Expenses $404,928

TOTAL EXPENSES $723,818

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,129,274	$2,039,724	+0.0%
Expenses	$723,818	$352,700	+1.1%
Net Income	$1,405,456	$1,687,024	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GIRONE	CHAIR	0.50	Officer Director	$0	$0	$0
SCOTT DARE	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
MICHAEL PALLOZZI	TREASURER	0.50	Officer Director	$0	$0	$0
JESSICA JOLLY	SECRETARY	0.50	Officer Director	$0	$0	$0
STEVE SHRIVER	DIRECTOR	0.00	Director	$0	$0	$0
LORETTA WINTERS	DIRECTOR	0.00	Director	$0	$0	$0
KENNETH BARNSHAW	DIRECTOR	0.00	Director	$0	$0	$0
DON COLLIGAN	DIRECTOR	0.00	Director	$0	$0	$0
HANSHI DESHBANDU	DIRECTOR	0.00	Director	$0	$0	$0
CADIE DIGIAMBATTISTA	DIRECTOR	0.00	Director	$0	$0	$0
JULIE ELLIS	DIRECTOR	0.00	Director	$0	$0	$0
MICHELE FRANCESCONI	DIRECTOR	0.00	Director	$0	$0	$0
RICH GIULIANI	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT MCERLANE	DIRECTOR	0.00	Director	$0	$0	$0
DUANE MEYERS	DIRECTOR	0.00	Director	$0	$0	$0
EDWARD MUNIN	DIRECTOR	0.00	Director	$0	$0	$0
AMBER PERRY	DIRECTOR	0.00	Director	$0	$0	$0
MARY PIRO	DIRECTOR	0.00	Director	$0	$0	$0
DAVID SLACK	DIRECTOR	0.00	Director	$0	$0	$0
LESLIE VAIL	IMMEDIATE PAST CHAIR	0.00	Director	$0	$0	$0
GEN WITT	DIRECTOR	0.00	Director	$0	$0	$0
JANET GARRATY	DIRECTOR	0.00	Director	$0	$0	$0
GLORIA PINEDA	DIRECTOR	0.00	Director	$0	$0	$0
LITA ABELE	DIRECTOR	0.00	Director	$0	$0	$0
WARREN WALLACE	DIRECTOR	0.00	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	No data	No data	No data	No data
2023	$2,129,274	$723,818	$8,914,832	$1,405,456
2022	$2,039,724	$352,700	$7,096,442	$1,687,024
2021	$610,737	$363,731	$6,433,215	$247,006
2020	$367,033	$405,900	$5,128,400	$-38,867
2019	$464,045	$418,330	$5,169,492	$45,715

ROWAN COLLEGE FOUNDATION AT GLOUCESTER COUNTY