EDUCATIONAL FOUNDATION OF ALFRED INC (EIN 237209097) - 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

1946

Legal Domicile

Principal Officer

GEORGE GOETSCHIUS

Phone

6075874108

Tax Period

2024-07-01 to 2025-06-30

EDUCATIONAL FOUNDATION OF ALFRED INC, founded in 1946, is a small nonprofit that reported $768K in total revenue in fiscal year 2024. Expenses of $692K left a modest 10% surplus.

Mission

THE EDUCATIONAL FOUNDATION OF ALFRED, INC. IS A FOUNDATION DEDICATED TO IMPROVING THE ALFRED STATE COLLEGE COMMUNITY THROUGH SUPPORT OF EDUCATIONAL PROGRAMS. THE FOUNDATION EXISTS TO ENHANCE LEARNING OPPORTUNITIES FOR STUDENTS, FACULTY, AND STAFF.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $95,664

Other Revenue $672,042

TOTAL REVENUE $767,706

Expense Breakdown

Grants Paid $181,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $603,978

Other Expenses $510,435

TOTAL EXPENSES $691,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$767,706	$734,096	+0.0%
Expenses	$691,935	$691,474	+0.0%
Net Income	$75,771	$42,622	+0.8%

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

$966,031

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN CORNELIUS	DIRECTOR	2.00	Director	$0	$39,590	$101,497
CASEY JOYCE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GEORGE GOETSCHIUS	PRESIDENT	2.00	Officer Director	$0	$0	$0
RYAN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HAGGSTROM	DIRECTOR	2.00	Director	$0	$0	$0
KRISTOPHER GREEN	DIRECTOR	2.00	Director	$0	$0	$0
BRAD SMITH	DIRECTOR	2.00	Director	$0	$41,793	$107,145
GERALYN GOUGH	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN A MAURO PHD	DIRECTOR	2.00	Director	$0	$181,138	$464,388
AMY BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
JOHN SADOWSKI	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
VALERIE NIXON	DIRECTOR	2.00	Director	$0	$0	$0
SPENCER PEAVEY	DIRECTOR	2.00	Director	$0	$72,553	$186,006
JENNIE THWING	DIRECTOR	2.00	Director	$0	$41,734	$106,995

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	$767,706	$691,935	$7,341,903	$75,771
2024	$734,096	$691,474	$7,225,060	$42,622
2023	$687,220	$682,330	$7,057,083	$4,890
2022	$678,568	$640,252	$6,961,799	$38,316
2021	$735,715	$680,342	$7,054,062	$55,373
2020	$697,905	$635,295	$6,770,747	$62,610
2019	$733,208	$708,017	$6,701,046	$25,191
2018	$717,463	$559,169	$6,627,406	$158,294

EDUCATIONAL FOUNDATION OF ALFRED INC