QUEENS COLLEGE AUXILIARY ENTERPRIS… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

FRANK WU

Phone

7189974590

Tax Period

2024-07-01 to 2025-06-30

QUEENS COLLEGE AUXILIARY ENTERPRISE CORPORATION, founded in 2013, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $5.3M exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROVIDE AUXILIARY ENTERPRISES, SUCH AS FOOD SERVICES, A BOOKSTORE, PARKING, ETC., FOR THE BENEFIT OF THE QUEENS COLLEGE STUDENTS, FACULTY, AND STAFF.

Program Service Accomplishments

Program 1

Expenses: $2,356,339 Revenue: $877,314

KUPFERBURG PERFORMING ARTS CENTER - THE CENTER'S FACILITIES ARE USED BY THE COLLEGE FOR EVENTS, CLASSES AND COLLEGE-SPONSORED REHEARSALS FOR WHICH THE CENTER DOES NOT RECEIVE RENTAL FEES. THE CENTER ALSO PRESENTS A VARIETY OF COMMUNITY SERVICE PROGRAMS AS PART OF ITS PERFORMANCE SERIES INCLUDING CLASSICAL MUSIC, DANCE, CHILDREN'S THEATER AND POP AND CONTEMPORARY ARTISTS.

Program 2

Expenses: $1,257,048 Revenue: $598,656

THE AUXILIARY ADMINISTERS THE PARKING FACILITIES OPERATED FOR THE BENEFIT OF THE STUDENTS, FACULTY, AND VISITORS TO THE QUEENS COLLEGE CAMPUS. THE AUXILIARY GENERATES REVENUES EARNED THROUGH THE SALE OF PARKING DECALS FOR STUDENTS, FACULTY, AND STAFF AND WILL ALSO COLLECT PARKING FINES AS WARRANTED.

Program 3

Expenses: $629,416 Revenue: $227,980

SUPPORT QUEENS COLLEGE STUDENT SERVICES THROUGH VARIOUS ACTIVITIES CONDUCTED FOR THE BENEFIT OF THE STUDENTS.

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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 $1,089,882

Program Service Revenue $2,771,194

Investment Income $81,445

Other Revenue $77,400

TOTAL REVENUE $4,019,921

Expense Breakdown

Grants Paid $2,600

Salaries & Benefits $2,038,309

Fundraising Expenses $133,524

Program Expenses $4,643,221

Other Expenses $3,300,196

TOTAL EXPENSES $5,341,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,019,921	$4,731,401	-0.2%
Expenses	$5,341,105	$7,503,188	-0.3%
Net Income	$-1,321,184	$-2,771,787	-0.5%

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

N/A

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

$1,317,304

Total Directors

$1,829,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK WU	PRESIDENT	1.00	Officer Director	$0	$125,598	$564,442
JOSEPH LOUGHREN	TREASURER	1.00	Officer Director	$0	$56,372	$253,339
JENNIFER JARVIS	VICE PRESIDENT	1.00	Officer Director	$0	$56,911	$255,762
JEFFREY ROSENSTOCK	SECRETARY	1.00	Officer Director	$0	$54,241	$243,761
ZECO KRCIC	DIRECTOR	1.00	Director	$0	$51,335	$230,704
POKAY MA	DIRECTOR	1.00	Director	$0	$34,208	$153,735
ANNA MALYUKOVA	DIRECTOR	1.00	Director	$0	$28,499	$128,078
DENESE MCFARLANE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BARRON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
ARIANA HAMPTON	DIRECTOR	1.00	Director	$0	$0	$0
ELLIE KATSMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROMONE PHOENIX	DIRECTOR	1.00	Director	$0	$0	$0
ELLIOT SCHWARCZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL R KOENECKE	DIRECTOR	1.00	Director	$0	$0	$0
KUNSANG TSERING	DIRECTOR	1.00	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	$4,019,921	$5,341,105	$4,745,631	$-1,321,184
2024	$4,731,401	$7,503,188	$5,066,542	$-2,771,787
2023	$6,105,814	$9,602,607	$8,147,289	$-3,496,793
2022	$4,851,023	$4,864,045	$11,764,048	$-13,022
2021	$9,971,925	$3,711,436	$11,408,858	$6,260,489
2020	$5,518,405	$5,756,130	$5,850,914	$-237,725
2019	$5,874,845	$5,169,248	$5,593,384	$705,597
2018	$4,371,504	$3,389,115	$4,333,883	$982,389

QUEENS COLLEGE AUXILIARY ENTERPRISE CORPORATION