Somerville, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Raritan Valley Community College Foundation, founded in 1971, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 47% operating margin.
The Mission of the Foundation is to raise funds above and beyond the public tuiton sources and to promote awareness of the institution. The Foundation directs these funds to assist the College in providing affordable, accessible and quality educational and cultural experiences to the community.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,601,621 | $1,753,915 | +0.5% |
| Expenses | $1,391,779 | $1,373,386 | +0.0% |
| Net Income | $1,209,842 | $380,529 | +2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dr Michael J McDonough | President | 3.00 |
Officer
Director
|
$0 | $103,584 | $502,692 |
| Allan Boomer | Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dan Van Tran | Vice Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| John Trojan | Treasurer (VP of Finance and Facilities) | 3.00 |
Officer
Director
|
$0 | $36,683 | $280,724 |
| Gary C Woodring | Asst. Treasurer | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Bzdak | Board Member | 3.00 |
Director
|
$0 | $0 | $0 |
| David Bunevich | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Lila Seroy | Board member (student) | 2.00 |
Director
|
$0 | $0 | $0 |
| Rebecca Geary | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Deirdre Blaus | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Tammy Stouchko | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Joel F Reyes-Guzman | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Steven A Reichman | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Schwertfeger | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Sean Fleming | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Wanda Shoer | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Ricardo Ramirez | Board member (student) | 2.00 |
Director
|
$0 | $0 | $0 |
| Gene McCarthy | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Parag S Jategaonkar | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Raquel Mura | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Marion | Executive Director | 2.00 |
Key Emp
|
$0 | $15,386 | $212,821 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,601,621 | $1,391,779 | $6,363,165 | $1,209,842 |
| 2024 | $1,753,915 | $1,373,386 | $5,320,769 | $380,529 |
| 2023 | $1,049,932 | $1,195,609 | $4,990,871 | $-145,677 |
| 2022 | $959,485 | $1,074,825 | $4,929,209 | $-115,340 |
| 2021 | $1,479,296 | $890,897 | $5,718,188 | $588,399 |
| 2020 | $1,078,858 | $1,387,971 | $4,471,026 | $-309,113 |
| 2019 | $1,145,157 | $1,273,433 | $4,979,058 | $-128,276 |
| 2018 | $1,890,454 | $1,251,408 | $5,076,893 | $639,046 |
Compare Raritan Valley Community College Foundation with other nonprofits in New Jersey and across the country.