TOMPKINS CORTLAND COMMUNITY COLLEGE FOUNDATION INC (EIN 237083038) - 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

1978

Legal Domicile

Principal Officer

AMY KREMENEK

Phone

6078448211

Tax Period

2023-09-01 to 2024-08-31

TOMPKINS CORTLAND COMMUNITY COLLEGE FOUNDATION INC, founded in 1978, is a community nonprofit in the Religion sector that reported $6.3M in total revenue in fiscal year 2023. Expenses of $9.4M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO SECURE RESOURCES TO ENHANCE THE LEARNING OPPORTUNITIES FOR STUDENTS OF THE COLLEGE. THE FOUNDATION PROVIDES STUDENT HOUSING AND RECEIVES CONTRIBUTIONS AND AWARDS SCHOLARSHIPS TO DESERVING STUDENTS IN ORDER TO ENABLE THEM TO ATTEND THE COLLEGE.

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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 $1,623,642

Program Service Revenue $3,642,121

Investment Income $1,288,159

Other Revenue $-296,196

TOTAL REVENUE $6,257,726

Expense Breakdown

Grants Paid $1,223,909

Salaries & Benefits $434,920

Fundraising Expenses $47,642

Program Expenses $9,193,388

Other Expenses $7,750,107

TOTAL EXPENSES $9,408,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,257,726	$6,443,050	0.0%
Expenses	$9,408,936	$9,765,514	0.0%
Net Income	$-3,151,210	$-3,322,464	-0.1%

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

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

$483,310

Total Directors

$322,908

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS VANDERZEE	CHAIR	1.00	Officer Director	$0	$0	$0
DALE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
CLINT BROOKS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HAIGHT	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA BISSON	FACULTY LIAISON	1.00	Director	$0	$5,937	$100,784
DOUGLAS BENTLEY	DIRECTOR	1.00	Director	$0	$0	$0
REGINA GRANTHAM	CHAIR	1.00	Officer Director	$0	$0	$0
GARY STEWART	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER TURCK	DIRECTOR	1.00	Director	$0	$0	$0
PAULA YOUNGER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MCSHERRY	COLLEGE BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
AMY KREMENEK	COLLEGE PRESIDENT	1.00	Officer Director	$0	$45,985	$222,124
AMY LANZILOTTA	DIRECTOR	1.00	Director	$0	$0	$0
MARY STOE	DIRECTOR	1.00	Director	$0	$0	$0
KANSAS UNDERWOOD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ADAM LONG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
JANET MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN TOBIN	DIRECTOR	1.00	Director	$0	$0	$0
BARUCH WHITEHEAD	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GERG	EXECUTIVE DIRECTOR	37.50	Officer	$0	$0	$85,483
DIONYSIOS PANAGITSAS	VICE PRESIDENT OF FINANCE AND ADMINISTRATION	1.00	Officer	$0	$15,669	$107,739
SOPHIA DARLING	VICE PRESIDENT OF FINANCE AND ADMINISTRATION	1.00	Officer	$0	$10,480	$67,964
JASON POMEROY	EXECUTIVE DIRECTOR	37.50	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
2024	$6,257,726	$9,408,936	$53,022,898	$-3,151,210
2023	$6,443,050	$9,765,514	$50,674,979	$-3,322,464
2022	$6,781,975	$9,342,124	$52,057,962	$-2,560,149
2021	$8,680,534	$9,334,854	$60,556,305	$-654,320
2020	$6,022,605	$10,880,143	$53,622,205	$-4,857,538
2019	$8,990,933	$11,944,066	$57,364,599	$-2,953,133
2018	$9,499,360	$11,745,084	$61,254,285	$-2,245,724

TOMPKINS CORTLAND COMMUNITY COLLEGE FOUNDATION INC