SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC (EIN 237208882) - 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

1972

Legal Domicile

Principal Officer

JON PEDERSEN

Phone

2033926191

Tax Period

2023-07-01 to 2024-06-30

SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC, founded in 1972, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2023. Net assets of $53.8M represent 128 months of operating reserves.

Mission

OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY, CULTURAL,(CONTINUED ON SCHEDULE O) EDUCATIONAL AND RECREATIONAL PURPOSES TO PROMOTE THE OBJECTIVES AT SOUTHERN CONNECTICUT STATE UNIVERSITY.

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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 $2,682,021

Program Service Revenue $83,940

Investment Income $2,308,742

Other Revenue $-51,613

TOTAL REVENUE $5,023,090

Expense Breakdown

Grants Paid $4,612,947

Salaries & Benefits $0

Fundraising Expenses $238,227

Program Expenses $4,612,947

Other Expenses $562,140

TOTAL EXPENSES $5,175,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,023,090	$4,744,595	+0.1%
Expenses	$5,175,087	$4,131,363	+0.3%
Net Income	$-151,997	$613,232	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BORAJKIEWICZ	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DAVID VANCE	DIRECTOR	2.00	Director	$0	$0	$0
EDMUND MARCARELLI	DIRECTOR	2.00	Director	$0	$0	$0
J PHILIP SMITH	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELYNN GAROFANO	DIRECTOR	2.00	Director	$0	$0	$0
JOCELYNNE RAINEY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN EMRA	DIRECTOR	2.00	Director	$0	$0	$0
JON PEDERSEN	TREASURER	2.00	Officer Director	$0	$0	$0
KRIS ADANTI-PEDERSEN	DIRECTOR	2.00	Director	$0	$0	$0
STACY FIELDS	ALUMNI REPRESENTATIVE	2.00	Director	$0	$0	$0
LINDY GOLD	DIRECTOR	2.00	Director	$0	$0	$0
LOU GIANQUINTO	DIRECTOR	2.00	Director	$0	$0	$0
MARK TARINI	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KATZ	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KINGAN	EXECUTIVE DIRECTOR	2.00	Officer Director	$0	$0	$0
NORBERT WILLIAMSON	DIRECTOR	2.00	Director	$0	$0	$0
RUTH EREN	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY TISBERT-HARMON	DIRECTOR	2.00	Director	$0	$0	$0
SHARON MISASI	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BARBER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL ARIAS	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK MORRISON	DIRECTOR	2.00	Director	$0	$0	$0
MARC NIVET	DIRECTOR	2.00	Director	$0	$0	$0
MARK STEVENS	DIRECTOR	2.00	Director	$0	$0	$0
RON STEWART	DIRECTOR	2.00	Director	$0	$0	$0
KRISTA HAYES	BUSINESS MANAGER	35.00	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
2025	No data	No data	No data	No data
2024	$5,023,090	$5,175,087	$54,824,911	$-151,997
2023	$4,744,595	$4,131,363	$49,811,036	$613,232
2022	$6,766,792	$3,583,782	$45,312,319	$3,183,010
2021	$4,230,378	$3,077,386	$48,811,651	$1,152,992
2020	$2,941,919	$2,799,101	$39,211,420	$142,818
2019	$4,040,266	$2,866,559	$38,280,654	$1,173,707

SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC