FRIENDS OF MCGILL UNIVERSITY INC C/O FRANK J SCARANO CPA PLLC

EIN: 237054819 501(c)(3) Education

NEW ROCHELLE, NY

Total Revenue
$12,853,326
Total Expenses
$11,082,923
Total Assets
$12,932,497
Net Assets
$12,778,354
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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
1945
Legal Domicile
NY
Principal Officer
MARK TABORSKY
Phone
6177593539
Tax Period
2024-06-01 to 2025-05-31

FRIENDS OF MCGILL UNIVERSITY INC C/O FRANK J SCARANO CPA PLLC, founded in 1945, is a mid-sized nonprofit in the Education sector that reported $12.9M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $11.1M left a modest 14% surplus.

Mission

TO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES

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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 $12,437,580
Program Service Revenue $0
Investment Income $415,746
Other Revenue $0
TOTAL REVENUE $12,853,326

Expense Breakdown

Grants Paid $11,026,303
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,026,303
Other Expenses $56,620
TOTAL EXPENSES $11,082,923

Year-over-Year Comparison

2024 2023 Change
Revenue $12,853,326 $5,943,750 +1.2%
Expenses $11,082,923 $6,034,252 +0.8%
Net Income $1,770,403 $-90,502 -20.6%
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

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Governance

Voting Members
10
Independent Members
10
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD J TRISCHMAN PRESIDENT 5.00
Officer
$0 $0 $0
MARK TABORSKY TREASURER 5.00
Officer
$0 $0 $0
DAVID C MCCUTCHEON ASST TREASUR 1.00
Officer
$0 $0 $0
ANTON ANGELICH SECRETARY 4.00
Officer
$0 $0 $0
DIANA M GALER DIRECTOR 1.00
Director
$0 $0 $0
MARGARET GILLIAM DIRECTOR 1.00
Director
$0 $0 $0
DR JOHANNE KAPLAN DIRECTOR 1.00
Director
$0 $0 $0
DILSHAD MAROLIA DIRECTOR 1.00
Director
$0 $0 $0
PIERRE MICHAEL PETTIGREW DIRECTOR 1.00
Director
$0 $0 $0
YANXI TAN CAIN DIRECTOR 1.00
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 $12,853,326 $11,082,923 $12,932,497 $1,770,403
2024 $5,943,750 $6,034,252 $10,668,131 $-90,502
2023 $4,785,125 $5,237,448 $10,003,672 $-452,323
2022 $8,029,117 $7,640,957 $10,774,766 $388,160
2021 $4,975,093 $4,836,040 $11,301,946 $139,053
2020 $4,727,394 $5,478,296 $9,283,342 $-750,902
2019 $4,949,481 $4,538,639 $10,026,707 $410,842
2018 $4,214,341 $3,176,132 $9,842,171 $1,038,209
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