HOLYOKE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOLYOKE COMMUNITY COLLEGE FOUNDATIONINC, founded in 1968, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $6.2M exceeded revenue, resulting in a 116% operating deficit.
THE HOLYOKE COMMUNITY COLLEGE (HCC) FOUNDATION EXISTS TO SUPPORT AND PROMOTE THE MISSION OF HOLYOKE COMMUNITY COLLEGE. THE PURPOSE OF THE FOUNDATION IS TO SECURE, INVEST AND STEWARD FINANCIAL AND OTHER RESOURCES TO ENHANCE THE QUALITY OF EDUCATION AND EXPAND EDUCATIONAL OPPORTUNITIES FOR HOLYOKE COMMUNITY COLLEGE STUDENTS. AS A CHARITABLE CORPORATION ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS, THE HCC FOUNDATION IS FISCALLY AND LEGALLY SEPARATE FROM THE COLLEGE AND PROVIDES A PERPETUAL TRUSTEESHIP FOR FUNDS DONATED BY INDIVIDUALS AND ORGANIZATIONS TO SUPPORT PROGRAMS AND ACTIVITIES THAT BENEFIT THE COLLEGE AND ITS STUDENTS. THE HCC FOUNDATION BOARD OF DIRECTORS IS GUIDED BY THE FOLLOWING PRINCIPLES EQUALLY: STUDENT SUCCESS, RELATIONSHIPS, EXCELLENCE AND INNOVATION, STEWARDSHIP, AND DIVERSITY AND RESPECT. IN SHORT, THE HCC FOUNDATION MISSION IS: "SUPPORT. INVEST. MAKE POSSIBLE."
THE HOLYOKE COMMUNITY COLLEGE (HCC) FOUNDATION PROVIDES SUPPORT TO THE COLLEGE IN THREE BROAD AREAS: SCHOLARSHIP SUPPORT FROM ENDOWED SCHOLARSHIP FUNDS; EMERGENCY SUPPORT FOR STUDENTS FACING...
THE HOLYOKE COMMUNITY COLLEGE (HCC) FOUNDATION PROVIDES SUPPORT TO THE COLLEGE IN THREE BROAD AREAS: SCHOLARSHIP SUPPORT FROM ENDOWED SCHOLARSHIP FUNDS; EMERGENCY SUPPORT FOR STUDENTS FACING UNFORESEEN EMERGENCIES; AND DIRECT SUPPORT OF THE COLLEGE'S PROGRAMS, FACILITIES, AND STRATEGIC PRIORITIES. BEYOND SCHOLARSHIP AWARDS AND SUPPORT THROUGH THE PRESIDENT'S STUDENT EMERGENCY FUND, THE HCC FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE MARIEB ADULT LEARNER SUCCESS CENTER, ITSY BITSY CHILD WATCH, THE THRIVE STUDENT RESOURCE CENTER AND FOOD PANTRY, STUDENT TRAVEL OPPORTUNITIES, AND VARIOUS ACADEMIC PROGRAMS. ADDITIONALLY, THE FOUNDATION CONTINUES TO INVEST IN THE SCHOLARSHIP RESOURCE CENTER, THE ONLY SPACE OF ITS KIND AMONG MASSACHUSETTS COMMUNITY COLLEGES, WHICH OFFERS STUDENT ENGAGEMENT OPPORTUNITIES REGARDING PHILANTHROPY. THE FOUNDATION PRIORITIZES MEANINGFUL DONOR RELATIONS EFFORTS, INCLUDING ITS INNOVATIVE 60 SECONDS OF CHANGE NEWSCAST HIGHLIGHTING PHILANTHROPIC IMPACT, AS WELL AS ITS ANNUAL TASTE OF GRATITUDE AND SCHOLARSHIP DONOR RECEPTION.
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 | $2,879,681 | $2,388,887 | +0.2% |
| Expenses | $6,224,447 | $6,922,823 | -0.1% |
| Net Income | $-3,344,766 | $-4,533,936 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| JASARAH BURGOS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVEN CLEMENT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KATE DOUGLAS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LUINDY ESPINAL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KIP FOLEY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WENDY FOX | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSHUA GARCIA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MAURA GREANEY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TED HEBERT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SINA HOLLOMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARY KAEDING | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL LYNCH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ALAINA MACAULAY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHNNIE MCKNIGHT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MATT MCMAHON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| COREY MURPHY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| EVAN PLOTKIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RYAN REGE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ISRAEL RIVERA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GARY ROME | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| AMANDA SBRISCIA | DIRECTOR | 2.00 |
Director
|
$0 | $150,781 | $150,781 |
| JIM SHEVLIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CAMILLE THERIAQUE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BOB CESTOLA CPA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MATT MANGANELLI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DEBORAH RODRIGUEZ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GEORGE TIMMONS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN GOLDSMITH | CHAIR | 2.00 |
Officer
|
$0 | $0 | $0 |
| LYNN STARR | VICE CHAIR | 2.00 |
Officer
|
$0 | $0 | $0 |
| TIFFANY MADRU | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| DEANA L MCPHERSON | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| MICHAEL ROUNDY | VICE TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,879,681 | $6,224,447 | $21,850,041 | $-3,344,766 |
| 2024 | $2,388,887 | $6,922,823 | $25,580,113 | $-4,533,936 |
| 2023 | $9,505,597 | $2,403,297 | $28,395,035 | $7,102,300 |
| 2022 | $2,000,345 | $1,548,835 | $19,991,591 | $451,510 |
| 2021 | $2,061,450 | $1,174,258 | $22,768,186 | $887,192 |
| 2020 | $1,467,145 | $1,498,298 | $19,490,482 | $-31,153 |
| 2019 | $2,741,244 | $1,541,238 | $19,308,842 | $1,200,006 |
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