CECIL COLLEGE FOUNDATION INC

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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

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

CECIL COLLEGE FOUNDATION, INC. IS THE PRIVATE FUNDING DEVELOPMENT ARM OF CECIL COLLEGE. IT SEEKS TO SUPPORT THE COLLEGE'S MISSION BY BRINGING TOGETHER COMMUNITY LEADERS OF AFFLUENCE AND INFLUENCE IN ALL AREAS OF CECIL COUNTY WHO WILL CREATE A DEVELOPMENT PLAN TO BRIDGE ANY FUNDING SHORTFALL IN THE COLLEGE'S ABILITY TO REACH ITS VISION. MEMBERS OF THE FOUNDATION WILL BE AMBASSADORS OF THE COLLEGE, BROADENING THE COLLEGE'S IMAGE WITHIN THE COMMUNITY AND CREATING PARTNERSHIPS WITH INDIVIDUALS, BUSINESSES, ORGANIZATIONS, AND FOUNDATIONS TO RAISE PRIVATE GIFTS FOR SCHOLARSHIPS, INSTRUCTIONAL EQUIPMENT, PROFESSIONAL DEVELOPMENT, AND CAPITAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $359,853

GRANTS AND ALLOCATIONS PROVIDE STUDENT AID THUS ASSISTING STUDENTS TO COMPLETE A DEGREE OR PROGRAM THAT LEADS TO CERTIFICATIONS OR LICENSURE

Program 2

Expenses: $209,319

ARTS AND ATHLETICS PROGRAM EXPENDITURES ARE PAID ON BEHALF OF THE COLLEGE TO HELP PROMOTE A WELL-ROUNDED, COMPREHENSIVE COLLEGE EXPERIENCE.

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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 $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

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

$100,145

Total Directors

Key Employees

Highest Compensated

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