STATE UNIVERSITY OF NY COLLEGE AT … - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

ROBERT L VAN NOSTRAND

Phone

9344205305

Tax Period

2024-07-01 to 2025-06-30

STATE UNIVERSITY OF NY COLLEGE AT FARMINGDALE FOUNDATION, founded in 1954, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 74% operating margin.

Mission

TO ENCOURAGE, SOLICIT, ACCEPT AND HOLD GIFTS MADE TO IT, AND DISBURSE THE SAME ONLY FOR THE PURPOSE OF ADVANCING THE EDUCATIONAL PURPOSES, WELFARE AND DEVELOPMENT OF FARMINGDALE STATE COLLEGE

Program Service Accomplishments

Program 1

Expenses: $826,625

DONATIONS TO CAMPUS PROGRAMS TO HELP PROVIDE EDUCATION OR EDUCATIONAL RELATED SERVICES TO STUDENTS, FACULTY & STAFF THAT ARE NOT ADEQUATELY FUNDED

Program 2

Expenses: $1,056,218

SCHOLARSHIPS AND AWARDS ARE PROVIDED TO STUDENTS, FACULTY AND STAFF MEMBERS WHO HAVE EXHIBITED OUTSTANDING ACHIEVEMENTS AND/OR NEED TO FURTHER THEIR EDUCATIONAL LEVEL

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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 $6,344,628

Program Service Revenue $0

Investment Income $1,784,953

Other Revenue $217,136

TOTAL REVENUE $8,346,717

Expense Breakdown

Grants Paid $1,056,218

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,882,843

Other Expenses $1,115,376

TOTAL EXPENSES $2,171,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,346,717	$3,684,266	+1.3%
Expenses	$2,171,594	$2,160,951	+0.0%
Net Income	$6,175,123	$1,523,315	+3.1%

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
DAVID ANTAR	DIRECTOR	N/A	Director	$0	$0	$0
STEVE BELLO	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD A CATALANO	DIRECTOR	N/A	Director	$0	$0	$0
JEROME D'ANTONE	DIRECTOR	N/A	Director	$0	$0	$0
SAL FERRO	DIRECTOR	N/A	Director	$0	$0	$0
JASON GOLDEN	DIRECTOR	N/A	Director	$0	$0	$0
VERONICA HENRY	DIRECTOR	N/A	Director	$0	$0	$0
GREG O'CONNOR	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT PREZANT	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN RING	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT SANDLER	DIRECTOR	N/A	Director	$0	$0	$0
FRED SKOLNIK	DIRECTOR	N/A	Director	$0	$0	$0
VINCENT TEDECSO	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH UZZO	DIRECTOR	N/A	Director	$0	$0	$0
KARA CANNON	SECRETARY	N/A	Officer	$0	$0	$0
MAUREEN P KNOTT	2ND VICE PRE	N/A	Officer	$0	$0	$0
VINCENT NAAB	TREASURER	N/A	Officer	$0	$0	$0
ROBERT L VAN NOSTRAND	PRESIDENT	N/A	Officer	$0	$0	$0
JOHN WITTERSCHEIN	1ST VICE PRE	N/A	Officer	$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	$8,346,717	$2,171,594	$21,888,483	$6,175,123
2024	$3,684,266	$2,160,951	$15,703,047	$1,523,315
2023	$5,267,893	$2,292,105	$14,098,292	$2,975,788
2022	$3,022,893	$1,039,724	$10,554,689	$1,983,169
2021	$1,953,895	$857,110	$10,185,620	$1,096,785
2020	$927,269	$691,929	$7,703,162	$235,340
2019	$1,242,978	$583,275	$7,413,868	$659,703

STATE UNIVERSITY OF NY COLLEGE AT FARMINGDALE FOUNDATION