BROOME COMMUNITY COLLEGE FOUNDATION INC (EIN 237075704) - 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

1965

Legal Domicile

Principal Officer

CATHERINE R WILLIAMS

Phone

6077785182

Tax Period

2023-07-01 to 2024-06-30

BROOME COMMUNITY COLLEGE FOUNDATION INC, founded in 1965, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $14.2M in total revenue in fiscal year 2023. Revenue surged 244% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.1M, a strong 78% operating margin.

Mission

THE BROOME COMMUNITY COLLEGE FOUNDATION STRIVES TO BE AMONG THE MOST SUPPORTIVE COMMUNITY COLLEGE FOUNDATIONS IN THE STATE UNIVERSITY OF NEW YORK SYSTEM AND IN THE COUNTRY. WE SHALL RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT (1) ASSIST NEEDY STUDENTS, (2) RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS, (3) HELP FACULTY AND STAFF PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT POSSIBLE, AND (4) ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS, ESPECIALLY WHERE GOVERNMENT FUNDS ARE EITHER UNAVAILABLE OR INSUFFICIENT.

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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 $1,324,200

Program Service Revenue $0

Investment Income $12,915,087

Other Revenue $7,068

TOTAL REVENUE $14,246,355

Expense Breakdown

Grants Paid $2,143,590

Salaries & Benefits $726,352

Fundraising Expenses $285,569

Program Expenses $2,442,392

Other Expenses $293,247

TOTAL EXPENSES $3,163,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,246,355	$4,139,424	+2.4%
Expenses	$3,163,189	$2,830,419	+0.1%
Net Income	$11,083,166	$1,309,005	+7.5%

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

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

$206,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD J ALLMAN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEX RACKETA	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE HUFF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PEYTON HAWKES	TREASURER	1.00	Officer Director	$0	$0	$0
KAY BOLAND	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH H KIDDER III	SECRETARY	1.00	Officer Director	$0	$0	$0
LORIANNE WELCH	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
MARGARET A TURNA	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
LANA ROUFF	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE C ANDERSON ESQ	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
LEO O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK SCANLAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY BETH JONES	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN D WILSON	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
MATTHEW C DEPALMO	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS GARNAR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT P WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA STEINBRECHER	DIRECTOR	1.00	Director	$0	$0	$0
SHANE M MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
AISHIA J MORTENSON	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY PANICCIA	DIRECTOR	1.00	Director	$0	$0	$0
KAREN ROESKE	DIRECTOR	1.00	Director	$0	$0	$0
DAWN YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR C SMITH	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
DR LINDA H BIEMER	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
GLENN R SMALL	DIRECTOR	1.00	Director	$0	$0	$0
GERALD E KETTLE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN ECCLESTON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HOFFMANN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD M ROMANO	DIRECTOR	1.00	Director	$0	$0	$0
DR TONY D HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
MARY SURDEY	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE R WILLIAMS	EXECUTIVE DIRECTOR	37.50	Officer	$164,439	$42,447	$206,886

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	$14,246,355	$3,163,189	$49,190,276	$11,083,166
2023	$4,139,424	$2,830,419	$46,434,447	$1,309,005
2022	$4,565,119	$2,678,351	$43,389,261	$1,886,768
2021	$2,906,941	$2,369,162	$46,511,123	$537,779
2020	$2,157,365	$2,084,958	$38,801,780	$72,407
2019	$2,478,744	$3,553,540	$38,445,764	$-1,074,796

BROOME COMMUNITY COLLEGE FOUNDATION INC