INDEPENDENCE COMMUNITY COLLEGE FOUNDATION (EIN 480759236) - 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

1968

Legal Domicile

Principal Officer

BRYCE SAIA

Tax Period

2022-07-01 to 2023-06-30

INDEPENDENCE COMMUNITY COLLEGE FOUNDATION, founded in 1968, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2022. Revenue surged 401% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 78% operating margin.

Mission

INDEPENDENCE COMMUNITY COLLEGE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO THE INDEPENDENCE COMMUNITY COLLEGE AND ITS STUDENTS, WITH GRANTS AND SCHOLARSHIPS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,035,330

Program Service Revenue $0

Investment Income $242,150

Other Revenue $11,035

TOTAL REVENUE $1,288,515

Expense Breakdown

Grants Paid $112,902

Salaries & Benefits $50,664

Fundraising Expenses $37,133

Program Expenses $112,902

Other Expenses $115,889

TOTAL EXPENSES $279,455

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,288,515	$257,230	+4.0%
Expenses	$279,455	$445,387	-0.4%
Net Income	$1,009,060	$-188,157	-6.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VAL DEFEVER	DIRECTOR	N/A	Director	$0	$0	$0
ROD FROEBE	DIRECTOR	N/A	Director	$0	$0	$0
JEFFREY GETTLER	DIRECTOR	N/A	Director	$0	$0	$0
AMBER GREGORY	SECRETARY	N/A	Officer Director	$0	$0	$0
JUDI HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
COREY HUGO	PRESIDENT	N/A	Officer Director	$0	$0	$0
NICK MCCOLLAM	TREASURER	N/A	Officer Director	$0	$0	$0
TYSON OAKES	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOHNATHAN RODRIQUEZ	DIRECTOR	N/A	Director	$0	$0	$0
JANA SHAVER	DIRECTOR	N/A	Director	$0	$0	$0
BARRY WESSELOWSKI	DIRECTOR	N/A	Director	$0	$0	$0
BRYCE SAIA	EXCEUTIVE DI	40.00	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
2023	$1,288,515	$279,455	$4,772,805	$1,009,060
2022	$257,230	$445,387	$3,807,057	$-188,157
2021	$305,215	$489,065	$4,282,076	$-183,850
2020	$427,718	$416,746	$4,090,469	$10,972
2020	$417,382	$434,455	$3,924,450	$-17,073
2019	$569,126	$732,189	$4,108,973	$-163,063
2018	$476,901	$401,935	$4,243,898	$74,966

INDEPENDENCE COMMUNITY COLLEGE FOUNDATION