MORRISVILLE COLLEGE FOUNDATION INC (EIN 510205028) - 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

1976

Legal Domicile

Principal Officer

THERESA KEVORKIAN

Phone

3156846047

Tax Period

2024-07-01 to 2025-06-30

MORRISVILLE COLLEGE FOUNDATION INC, founded in 1976, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 21% operating margin.

Mission

THE MORRISVILLE COLLEGE FOUNDATION, INC (THE FOUNDATION) WAS INCORPORATED AS A NOT-FOR-PROFIT NEW YORK STATE CORPORATION FOR THE PURPOSES OF SUPPORTING THE EDUCATIONAL ACTIVITIES OF THE STATE UNIVERSITY OF NEW YORK COLLEGE OF AGRICULTURE AND TECHNOLOGY AT MORRISVILLE. THE SPECIFIC ACTIVITIES OF THE FOUNDATION INCLUDE, BUT ARE NOT LIMITED TO, FUNDING SCHOLARSHIPS, PROVIDING COLLEGE ASSISTANCE, ADMINISTERING ENDOWMENT FUNDS, AND PROVIDING ON-CAMPUS STUDENT HOUSING.

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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 $3,258,146

Program Service Revenue $4,385,212

Investment Income $273,455

Other Revenue $0

TOTAL REVENUE $7,916,813

Expense Breakdown

Grants Paid $1,092,515

Salaries & Benefits $0

Fundraising Expenses $89,315

Program Expenses $6,117,085

Other Expenses $5,190,972

TOTAL EXPENSES $6,283,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,916,813	$7,249,979	+0.1%
Expenses	$6,283,487	$6,208,202	+0.0%
Net Income	$1,633,326	$1,041,777	+0.6%

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

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

$181,740

Total Directors

$534,366

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWERENCE J BAKER	EMERITUS	1.00	Director	$0	$0	$0
SHIRLEY A CRAWFORD PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
NORMA GALBREATH	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN W HAUGLI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY CLAIRE HELMER	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS LEAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK H KICHER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRSY A MUNOZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RITA L SCHARMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRI M SPIEGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER VANDERWOUDE	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA A KING	ALUMNI ADVISORY BOARD	1.00	Director	$0	$0	$0
DAVID E ROGERS PHD	PRESIDENT - MSC	2.00	Director	$0	$82,934	$389,447
JENNIFER BOWDEN	EXECUTIVE DIRECTOR, MAC	2.00	Director	$0	$20,408	$144,919
LARRY DROPPA	BOARD MEMBER	1.00	Director	$0	$0	$0
COLEEN R FABRIZI	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN HALE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN PARAVATI	BOARD MEMBER	1.00	Director	$0	$0	$0
MILTON PICHARDO	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD E BABCOCK	EMERITUS	1.00	Director	$0	$0	$0
JENNIFER GILBERT-JENKINS	COLLEGE SENATE	1.00	Director	$0	$0	$0
HARMON HOFF	CHAIRMAN	1.00	Officer	$0	$0	$0
GARY M SMALDONE	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
MARY C BRANHAM	TREASURER	1.00	Officer	$0	$0	$0
NANCY L ROBERTS PHD	SECRETARY	1.00	Officer	$0	$0	$0
THERESA R KEVORKIAN	EXECUTIVE DIRECTOR	20.00	Officer	$0	$42,220	$181,740

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	$7,916,813	$6,283,487	$25,492,112	$1,633,326
2024	$7,249,979	$6,208,202	$24,670,561	$1,041,777
2023	$6,055,649	$4,723,935	$24,201,215	$1,331,714
2022	$5,429,338	$4,755,372	$23,531,856	$673,966
2021	$4,942,393	$4,013,128	$24,399,935	$929,265
2020	$4,899,431	$4,991,268	$24,061,565	$-91,837
2019	$5,412,865	$4,583,046	$25,001,130	$829,819

MORRISVILLE COLLEGE FOUNDATION INC