CANTON COLLEGE FOUNDATION INC

EIN: 237392114 501(c)(3)

CANTON, NY

Total Revenue
$5,764,697
Total Expenses
$4,449,903
Total Assets
$43,741,795
Net Assets
$21,683,764
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
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

RAISE FUNDS, ACCEPT GIFTS AND PROVIDE BOTH MONETARY AND NON-MONETARY SUPPORT TO THE STUDENTS, FACULTY, STAFF, EDUCATIONAL PROGRAMS AND CAMPUS-WIDE EFFORTS OF THE STATE UNIVERSITY OF NEW YORK AT CANTON.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
33
Independent Members
27
Employees
35
Volunteers
50

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
6
$856,369
Total Directors
33
$1,316,545
Key Employees
0
$0
Highest Compensated
1
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
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