TRITON COLLEGE FOUNDATION

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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

1980

Legal Domicile

Principal Officer

THOMAS OLSON

Phone

7084560300

Tax Period

2024-07-01 to 2025-06-30

TRITON COLLEGE FOUNDATION, founded in 1980, is a small nonprofit in the Education sector that reported $454K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 72% operating margin.

Mission

TRITON COLLEGE FOUNDATION (THE "FOUNDATION") IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO ASSIST IN THE FURTHERANCE OF EDUCATION'S ACTIVITIES AND OBJECTIVES AT TRITON COLLEGE, COMMUNITY COLLEGE DISTRICT NO. 504 (THE "COLLEGE"). THE FOUNDATION RECEIVES, ADMINISTERS AND DISTRIBUTES FUNDS TO THE COLLEGE FOR VARIOUS GRANTS AND SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $90,768

THE FOUNDATION ACCEPTS GRANTS FROM INDIVIDUALS, BUSINESSES AND ORGANIZATIONS TO FUND STUDENT SCHOLARSHIPS, PROGRAM DEVELOPMENT, FACILITIES ENHANCEMENT, EQUIPMENT AND TEACHING RESOURCES, LIBRARY...

THE FOUNDATION ACCEPTS GRANTS FROM INDIVIDUALS, BUSINESSES AND ORGANIZATIONS TO FUND STUDENT SCHOLARSHIPS, PROGRAM DEVELOPMENT, FACILITIES ENHANCEMENT, EQUIPMENT AND TEACHING RESOURCES, LIBRARY MATERIALS AND OTHER APPROPRIATE PURPOSES RELATED TO THE EDUCATIONAL PURPOSES AND GOALS OF TRITION COMMUNITY COLLEGE. THE FOUNDATION PROVIDED FUNDING FOR NUMEROUS SCHOLARSHIPS AND PROGRAMS IN THE CURRENT FISCAL YEAR.

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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 $252,993

Program Service Revenue $0

Investment Income $134,669

Other Revenue $66,660

TOTAL REVENUE $454,322

Expense Breakdown

Grants Paid $89,768

Salaries & Benefits $17,036

Fundraising Expenses $0

Program Expenses $90,768

Other Expenses $22,134

TOTAL EXPENSES $128,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$454,322	$346,695	+0.3%
Expenses	$128,938	$165,046	-0.2%
Net Income	$325,384	$181,649	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS OLSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICHARD F PELLEGRINO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BART SMITH	SECRETARY	N/A	Officer Director	$0	$0	$0
SEAN SULLIVAN	TREASURER	N/A	Officer Director	$0	$0	$0
RANDY J BARNETTE	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS NED BENIGNO	DIRECTOR	N/A	Director	$0	$0	$0
AL BIANCALANA	DIRECTOR	N/A	Director	$0	$0	$0
JOHN F CADERO JR	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL CASTELLAN	DIRECTOR	N/A	Director	$0	$0	$0
ARCHAWEE DHAMAVASI	DIRECTOR	N/A	Director	$0	$0	$0
CORY L FOSTER	DIRECTOR	N/A	Director	$0	$0	$0
REV JOHN F HARRELL	DIRECTOR	N/A	Director	$0	$0	$0
JOHN HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW HOCK	DIRECTOR	N/A	Director	$0	$0	$0
TIFFANY C INGRAM	DIRECTOR	N/A	Director	$0	$0	$0
DAVID J KING	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER KOEHLER	DIRECTOR	N/A	Director	$0	$0	$0
DENISSE LEON	DIRECTOR	N/A	Director	$0	$0	$0
DAN LEONARD	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MAZZA	DIRECTOR	N/A	Director	$0	$0	$0
MARY-RITA MOORE	DIRECTOR	N/A	Director	$0	$0	$0
LOUIS H RAGO	DIRECTOR	N/A	Director	$0	$0	$0
COLLEEN ROCKAFELLOW	DIRECTOR	N/A	Director	$0	$0	$0
JOHN F RUZIC	DIRECTOR	N/A	Director	$0	$0	$0
DENISE SMITH-GABORIT	DIRECTOR	N/A	Director	$0	$0	$0
MARK R STEPHENS	DIRECTOR	N/A	Director	$0	$0	$0
KATRINA R THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
RONALD M SERPICO	CHARTER DIRE	N/A	Director	$0	$0	$0
JONATHAN L ZIVOJNNOVIC	DIRECTOR	N/A	Director	$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	$454,322	$128,938	$2,108,066	$325,384
2024	$346,695	$165,046	$1,782,737	$181,649
2023	$280,557	$256,751	$1,585,370	$23,806
2022	$86,689	$140,450	$1,570,698	$-53,761
2021	$254,989	$331,278	$1,700,211	$-76,289
2020	$209,839	$269,444	$1,650,414	$-59,605
2019	$518,238	$478,591	$1,663,027	$39,647
2018	$680,534	$332,703	$1,609,221	$347,831