BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION INC (EIN 510187969) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

KAREN WILSON-STEVENSON

Phone

2122208017

Tax Period

2024-07-01 to 2025-06-30

BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION INC, founded in 1975, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MISSION OF THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION IS TO ACQUIRE AND STEWARD FINANCIAL RESOURCES NEEDED TO SUPPORT STUDENT SCHOLARSHIPS AND BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENT AND FACULTY PROGRAMS BY DEVELOPING AND STRENGTHENING RELATIONSHIPS WITH PHILANTHROPICALLY INCLINED INDIVIDUALS, FOUNDATIONS, ALUMNI, GOVERNMENT, COMMUNITY ORGANIZATIONS, AND BUSINESSES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,542,799

Program Service Revenue $0

Investment Income $491,720

Other Revenue $-124,881

TOTAL REVENUE $2,909,638

Expense Breakdown

Grants Paid $2,010,289

Salaries & Benefits $0

Fundraising Expenses $59,779

Program Expenses $3,322,251

Other Expenses $1,464,373

TOTAL EXPENSES $3,474,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,909,638	$1,665,314	+0.7%
Expenses	$3,474,662	$3,769,656	-0.1%
Net Income	$-565,024	$-2,104,342	-0.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$587,747

Total Directors

$825,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA LABOMBARDA	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY J PORTANNESE	CHAIR	3.00	Officer Director	$0	$0	$0
BILL FISSE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MARGARITIS BUTSON	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA LIO	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GATTI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W SUTTER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JONATHAN RESNICK	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY CAVANAUGH	DIRECTOR	1.00	Director	$0	$0	$0
MEHRNAZ NAZ VAHID	DIRECTOR	1.00	Director	$0	$0	$0
MILES FITERMAN II	DIRECTOR	1.00	Director	$0	$0	$0
MRS SHIRLEY FITERMAN	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
PATRICIA ROSENFIELD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RAYMOND O'KEEFE	DIRECTOR (EMERITUS)	1.00	Director	$0	$0	$0
ROBERT J MUELLER	DIRECTOR (EMERITUS)	1.00	Director	$0	$0	$0
SANDRA LINDSAY DHSC	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN FITERMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM TYNAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WILSON-STEVENSON	COO/VP OFFICE FOR INSTITUT	35.00	Officer Director	$0	$13,543	$182,835
JULIO IZQUIERDO	VICE PRESIDENT OF FINANCE	1.00	Director	$0	$64,051	$238,084
ANTHONY MUNROE	DIRECTOR/BMCC PRESIDENT	10.00	Officer Director	$0	$65,261	$404,912

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	$2,909,638	$3,474,662	$29,314,752	$-565,024
2024	$1,665,314	$3,769,656	$27,550,109	$-2,104,342
2023	$3,281,977	$2,805,751	$27,002,127	$476,226
2022	$4,854,276	$1,885,487	$24,527,026	$2,968,789
2021	$1,617,514	$2,359,418	$10,518,786	$-741,904
2020	$2,037,753	$2,564,097	$9,728,045	$-526,344
2019	$3,248,328	$2,305,752	$10,165,022	$942,576

BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION INC