CECIL COLLEGE FOUNDATION INC

EIN: 237345298 501(c)(3) Education

NORTH EAST, MD

Total Revenue
$1,320,379
Total Expenses
$659,608
Total Assets
$12,909,957
Net Assets
$12,696,250
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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
1973
Legal Domicile
MD
Principal Officer
KAREN URICOLI
Phone
4012871146
Tax Period
2023-07-01 to 2024-06-30

CECIL COLLEGE FOUNDATION INC, founded in 1973, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $661K, a strong 50% operating margin.

Mission

PROVIDE FINANCIAL AID AND PROMOTE CECIL 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $762,647
Program Service Revenue $0
Investment Income $513,989
Other Revenue $43,743
TOTAL REVENUE $1,320,379

Expense Breakdown

Grants Paid $359,853
Salaries & Benefits $0
Fundraising Expenses $4,295
Program Expenses $569,172
Other Expenses $299,755
TOTAL EXPENSES $659,608

Year-over-Year Comparison

2023 2022 Change
Revenue $1,320,379 $2,781,931 -0.5%
Expenses $659,608 $529,381 +0.2%
Net Income $660,771 $2,252,550 -0.7%
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

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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
24

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
3
$100,145
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK MITA CHAIR 0.50
Officer Director
$0 $0 $0
KENT METHVEN TREASURER; VICE CHAIR 0.50
Officer Director
$0 $0 $0
GUY PALMERI DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM DE FREITAS DIRECTOR 0.50
Director
$0 $0 $0
PATRICIA CROUCH DIRECTOR 0.50
Director
$0 $0 $0
JARED CROUSE DIRECTOR 0.50
Director
$0 $0 $0
BIJOY GHOSH DIRECTOR 0.50
Director
$0 $0 $0
DAVID MCGRATH DIRECTOR 0.50
Director
$0 $0 $0
JOHN METTEE DIRECTOR 0.50
Director
$0 $0 $0
SUSAN O'NEILL DIRECTOR 0.50
Director
$0 $0 $0
PATTI PAULUS DIRECTOR 0.50
Director
$0 $0 $0
BOBBY REYNOLDS DIRECTOR 0.50
Director
$0 $0 $0
JONATHAN SEIDENBERG DIRECTOR 0.50
Director
$0 $0 $0
SUELLLEN SCHEINER DIRECTOR 0.50
Director
$0 $0 $0
STANLEY BENSLEY DIRECTOR 0.50
Director
$0 $0 $0
DJ WOOTSON DIRECTOR 0.50
Director
$0 $0 $0
TARA EDWARDS DIRECTOR 0.50
Director
$0 $0 $0
EMILY FALONE DIRECTOR 0.50
Director
$0 $0 $0
KRISTINA BROWN DIRECTOR 0.50
Director
$0 $0 $0
REGINA NORTH DIRECTOR 0.50
Director
$0 $0 $0
ALAINE SCHUSTER DIRECTOR 0.50
Director
$0 $0 $0
JOSHUA SZEP DIRECTOR 0.50
Director
$0 $0 $0
ANDREA VUNCANNON DIRECTOR 0.50
Director
$0 $0 $0
N/A TRUSTEE LIAISON 0.50
$0 $0 $0
KAREN URICOLI EXECUTIVE DIRECTOR 40.00
Officer
$0 $10,449 $100,145
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 $1,320,379 $659,608 $12,909,957 $660,771
2023 $2,781,931 $529,381 $11,303,942 $2,252,550
2022 $1,601,279 $657,820 $8,457,863 $943,459
2021 $1,483,445 $527,005 $8,784,717 $956,440
2020 $560,442 $519,020 $6,848,077 $41,422
2019 $686,722 $747,146 $6,675,830 $-60,424
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