THE CCSU FOUNDATION INC (EIN 237354328) - 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

1974

Legal Domicile

Principal Officer

JENNIFER DESTEFANI

Phone

8608320711

Tax Period

2024-07-01 to 2025-06-30

THE CCSU FOUNDATION INC, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $12.7M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 54% operating margin.

Mission

THE CCSU FOUNDATION, INC. WAS CREATED IN 1971, AT THE REQUEST OF THE UNIVERSITY, AS A VEHICLE TO OBTAIN PRIVATE CONTRIBUTIONS TO SUPPORT EDUCATIONAL PROGRAMS AND RESEARCH AT CENTRAL 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 (2024)

Revenue Breakdown

Contributions & Grants $3,889,775

Program Service Revenue $212,396

Investment Income $8,748,638

Other Revenue $-148,042

TOTAL REVENUE $12,702,767

Expense Breakdown

Grants Paid $4,064,418

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,748,826

Other Expenses $1,834,745

TOTAL EXPENSES $5,899,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,702,767	$7,649,091	+0.7%
Expenses	$5,899,163	$5,008,544	+0.2%
Net Income	$6,803,604	$2,640,547	+1.6%

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
ALEXANDER LEE	DIRECTOR	1.50	Director	$0	$0	$0
ANTHONY S TORSIELLO	DIRECTOR	0.50	Director	$0	$0	$0
CURTIS WIGGINS	DIRECTOR	1.50	Director	$0	$0	$0
ED VESCOVI	DIRECTOR	0.50	Director	$0	$0	$0
JANET NAHORNEY	DIRECTOR	1.50	Director	$0	$0	$0
JOSEPH MATTHEW JR	DIRECTOR	1.50	Director	$0	$0	$0
KRISTINE LARSEN	DIRECTOR	0.50	Director	$0	$0	$0
LYNN TINKER	DIRECTOR	0.50	Director	$0	$0	$0
MARIA FALVO	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL MULI	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD D DONOVAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD SPADA	DIRECTOR	0.50	Director	$0	$0	$0
ULULY MARTINEZ	CHAIR	2.00	Officer Director	$0	$0	$0
WALDEMAR KOSTRZEWA	PAST CHAIR	2.00	Director	$0	$0	$0
JENNIFER DESTEFANI	EXECUTIVE DIRECTOR	4.00	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	$12,702,767	$5,899,163	$110,056,247	$6,803,604
2024	$7,649,091	$5,008,544	$102,355,827	$2,640,547
2023	$5,874,789	$5,669,764	$96,202,485	$205,025
2022	$11,725,462	$5,451,902	$90,256,311	$6,273,560
2021	$8,584,903	$4,118,275	$99,811,824	$4,466,628
2020	$5,053,801	$4,108,347	$81,174,111	$945,454
2019	$11,041,890	$4,588,247	$81,770,188	$6,453,643
2018	$9,763,025	$4,332,463	$77,657,474	$5,430,562

THE CCSU FOUNDATION INC