Trocaire College
Nonprofit profile at a glance
- EIN
- 160909446
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Buffalo, NY, USA
- Phone
- 7168261200
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community or Junior Colleges
Reported finances
- Revenue
- $20,106,837
- Expenses
- $22,373,562
- Assets
- $51,663,309
- Liabilities
- $2,361,180
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- BASSAM M DEEB PHD (PRESIDENT)
- RICHARD LINN (SENIOR VICE PRESIDENT)
Highest reported compensation
- BASSAM M DEEB PHD (PRESIDENT): $370,391 total reported compensation
- MICHAEL CUCINOTTA (VP OF FINANCE AND ADMINIST): $188,692 total reported compensation
- PATRICIA LOSITO (DEAN CATHERINE MCAULEY SCHOOL OF NURSING): $183,416 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Trocaire college, a private, career-oriented catholic college, in the spirit of the sisters of mercy, strives to empower students toward personal enrichment, dignity and self-worth through education in a variety of professions and in the liberal arts. Recognizing the individual needs of a diverse student body, trocaire college provides life learning and development within a community-based environment. Trocaire college prepares students for service in the universal community.
What it reported doing in 2024
Instruction - a 4-year, primarily associate's degree-granting private not-for-profit college, offering pre-baccalaureate certificates, associate's degrees and bachelor's degrees, reaching approximately 1,000 full-and part-time credit students, with three academic semesters (fall, spring, summer) and offering courses during the day, in the evening, on weekends and via distance education, as well as providing non-credit lifelong learning and continuing education
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 79
- Accountability: 97
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.5%; rating input score 70
- Program expense ratio: 67.9%; rating input score 68
- Fundraising efficiency: $2.66 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.7%; rating input score 95; 28th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -11.3%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 2.31; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 6% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 69.5% of revenue deployed · 67.9% of spending went to programs
- Governance: 18 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $15.2M in reported program spending
- Leadership: top reported pay $370K · 25 people listed · 2 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 10/100.
- High — Sustainability: Operating margin scored 9/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.