CANTON 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

TRACEY THOMPSON

Phone

3153867127

Tax Period

2023-07-01 to 2024-06-30

CANTON COLLEGE FOUNDATION INC, founded in 1973, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

THE CANTON FOUNDATION WAS FORMED IN 1973 TO PROVIDE FINANCIAL SUPPORT TO THE STATE UNIVERSITY OF NEW YORK AT CANTON. THE FOUNDATION PROVIDES STUDENT SCHOLARSHIPS, SUPPORTS FACULTY AND STAFF DEVELOPMENT, AND PROMOTES CAMPUS ENHANCEMENT PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $1,900,364 Revenue: $3,102,067

REAL PROPERTY MANAGEMENT - CANTON COLLEGE FOUNDATION IS SOLE OWNER OF GRASSE RIVER, LLC, HEMLOCK ACRES, LLC, AND RIVER ROO, LLC. THE PRIMARY PURPOSE OF THESE ORGANIZATIONS IS TO ACQUIRE, MAINTAIN...

REAL PROPERTY MANAGEMENT - CANTON COLLEGE FOUNDATION IS SOLE OWNER OF GRASSE RIVER, LLC, HEMLOCK ACRES, LLC, AND RIVER ROO, LLC. THE PRIMARY PURPOSE OF THESE ORGANIZATIONS IS TO ACQUIRE, MAINTAIN, AND MANAGE REAL PROPERTY FOR THE BENEFIT OF THE COLLEGE. RENTAL REVENUES AND RELATED EXPENSES ARE FROM STUDENT HOUSING DEVELOPED AND MANAGED BY GRASSE RIVER, LLC, AND LAND RENT FROM HEMLOCK ACRES, LLC.

Program 2

Expenses: $2,070,513 Revenue: $3,858

FUNDRAISING DIRECT COSTS -7,611.

Program 3

Revenue: $350

CANTON COLLEGE FOUNDATION, INC. PROVIDES EMERGENCY STUDENT LOANS OF A MAXIMUM OF $400 PER LOAN TO STUDENTS OF THE STATE UNIVERSITY OF NEW YORK AT CANTON. THE CRITERIA FOR OBTAINING THESE LOANS IS...

CANTON COLLEGE FOUNDATION, INC. PROVIDES EMERGENCY STUDENT LOANS OF A MAXIMUM OF $400 PER LOAN TO STUDENTS OF THE STATE UNIVERSITY OF NEW YORK AT CANTON. THE CRITERIA FOR OBTAINING THESE LOANS IS DEMONSTRATED NEED AND AVAILABLE FUTURE FUNDS RECEIVABLE BY THE FINANCIAL AID OFFICE AT SUNY CANTON. THESE LOANS ARE REPAID TO CANTON COLLEGE FOUNDATION BY SUNY CANTON UPON RECEIPT BY SUNY CANTON OF FINANCIAL AID OR OTHER FUNDS ON BEHALF OF THE STUDENT. CANTON COLLEGE FOUNDATION, INC. CHARGES THE STUDENT A SMALL PROCESSING FEE PER LOAN FOR THIS SERVICE.

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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 $1,366,078

Program Service Revenue $3,106,275

Investment Income $1,280,700

Other Revenue $11,644

TOTAL REVENUE $5,764,697

Expense Breakdown

Grants Paid $1,497,446

Salaries & Benefits $919,251

Fundraising Expenses $193,659

Program Expenses $3,970,877

Other Expenses $2,033,206

TOTAL EXPENSES $4,449,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,764,697	$5,163,091	+0.1%
Expenses	$4,449,903	$4,493,390	0.0%
Net Income	$1,314,794	$669,701	+1.0%

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

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

$856,369

Total Directors

$1,316,545

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD C REGAN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE C WILLIAMS	CHAIR	1.00	Officer Director	$0	$0	$0
LAURA E ROZELL	TREASURER	1.00	Officer Director	$0	$0	$0
PRISCILLA COLLINS	SECRETARY	1.00	Officer Director	$0	$52,860	$131,696
DR D ANTHONY BEANE	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA R BULLOCK	DIRECTOR	1.00	Director	$0	$0	$0
JOAN M EURTO	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL G FAY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE D GRAY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WALTER J HAIG	DIRECTOR	1.00	Director	$0	$0	$0
MARTI K MACARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN G MAINES	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN K MILLER	DIRECTOR	1.00	Director	$0	$113,738	$283,370
ORNELLA T PARKER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD S PATRI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL QUENNEVILLE	DIRECTOR	1.00	Director	$0	$0	$0
JON A RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
KEITH ROSSER	DIRECTOR	1.00	Director	$0	$0	$0
DR ADRIENNE C RYGEL	DIRECTOR	1.00	Director	$0	$70,966	$176,806
KAREN SPELLACY	DIRECTOR	1.00	Director	$0	$0	$0
CARL W TRAINOR	DIRECTOR	1.00	Director	$0	$0	$0
ROSELLA TODD VALENTINE	DIRECTOR	1.00	Director	$0	$0	$0
GRACE E VESPER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS V WALSH	DIRECTOR	1.00	Director	$0	$0	$0
GUILFORD D WHITE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS WOODSIDE	DIRECTOR	1.00	Director	$0	$0	$0
DR ZVI SZAFRAN	CAMPUS PRESIDENT	1.00	Officer Director	$0	$201,708	$502,540
TRACEY L THOMPSON	EXECUTIVE DIRECTOR	1.00	Officer Director	$33,393	$78,496	$222,133
MICHAEL BERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE FASSINGER	DIRECTOR	1.00	Director	$0	$0	$0
DONALD GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS RYAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS ZEIF	DIRECTOR	1.00	Director	$0	$0	$0
LISA DONNELLY	DIRECTOR OF FINANCIAL OPERATIONS	40.00	Highest	$102,222	$14,752	$116,974

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	$5,764,697	$4,449,903	$43,741,795	$1,314,794
2023	$5,163,091	$4,493,390	$42,332,952	$669,701
2022	$5,820,114	$3,866,743	$41,660,232	$1,953,371
2021	$4,982,176	$3,633,334	$43,622,676	$1,348,842
2020	$4,061,656	$4,132,559	$39,839,600	$-70,903
2019	$5,785,900	$4,284,916	$41,004,850	$1,500,984