College Of New Rochelle
College Of New Rochelle faced severe financial insolvency, with liabilities exceeding assets by $9.5 million in its final reported period.
EIN: 131740447 · New York, NY · NTEE: B430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $73.1M |
| Total Expenses | $71.5M |
| Program Spending | 85% |
| Net Assets | $-9,509,958 |
| Transparency Score | 20/100 |
Is College Of New Rochelle Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
College Of New Rochelle directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About College Of New Rochelle
College Of New Rochelle (EIN: 131740447) is a nonprofit organization based in New York, NY, classified under NTEE code B430. The organization reported total revenue of $73.1M and total assets of $77.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of College Of New Rochelle's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
College Of New Rochelle is a major nonprofit that has been operating for 55 years, with 8 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $73.1M |
| Total Expenses | $71.5M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $77.4M |
| Total Liabilities | $86.9M |
| Net Assets | $-9,509,958 |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 112.3% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2019, College Of New Rochelle reported a surplus of $1.7M with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 112.3% (high leverage).
Financial Trends
Over 8 years of filings (2011–2019), College Of New Rochelle's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -13.9% | -13.2% | -10.2% |
| 2017 | +23.6% | -0.6% | -1.7% |
| 2016 | +2.8% | +18.1% | -17.3% |
| 2015 | -4.7% | -3.6% | -4.3% |
| 2014 | -1.1% | -0.7% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates College Of New Rochelle with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, College Of New Rochelle allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 112.3%.
Executive Compensation Analysis
Executive compensation was consistently reported as 0% across all filings, suggesting that high executive pay was not a factor in the organization's financial struggles or was not reported under this specific metric.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of College Of New Rochelle's IRS 990 filings:
- Persistent operating deficits: Expenses consistently exceeded revenue for multiple years (e.g., 201606, 201506, 201406, 201306, 201206, 201106).
- Negative net assets: In 201906, liabilities ($86,931,752) significantly exceeded assets ($77,421,794).
- Declining asset base: Assets decreased from $116,635,131 in 201106 to $77,421,794 in 201906.
- Increasing liabilities: Liabilities grew from $82,874,760 in 201106 to $86,931,752 in 201906, despite a significant drop in assets.
Strengths
The following positive indicators were identified for College Of New Rochelle:
- Consistent reporting of 0% officer compensation, indicating executive pay was not a direct financial drain.
Frequently Asked Questions about College Of New Rochelle
Is College Of New Rochelle a legitimate charity?
Based on AI analysis of IRS 990 filings, College Of New Rochelle (EIN: 131740447) significant concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
How does College Of New Rochelle spend its money?
College Of New Rochelle directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to College Of New Rochelle tax-deductible?
College Of New Rochelle is registered as a tax-exempt nonprofit (EIN: 131740447). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of College Of New Rochelle's spending goes to programs?
College Of New Rochelle directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does College Of New Rochelle compare to similar nonprofits?
With a transparency score of 20/100 (Poor), College Of New Rochelle is below average for NTEE category B430 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is College Of New Rochelle located?
College Of New Rochelle is headquartered in New York, New York and files with the IRS under EIN 131740447. It is classified under NTEE code B430.
How many years of IRS 990 filings does College Of New Rochelle have?
College Of New Rochelle has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $73.1M in total revenue.
What led to the significant increase in liabilities from $81,032,826 in 201506 to $86,931,752 in 201906, while assets simultaneously decreased?
The increase in liabilities and decrease in assets over this period indicate a severe deterioration of the organization's financial position, likely due to accumulating debt and asset sales or depreciation without sufficient revenue generation to cover expenses.
Given the consistent operating deficits, how did the organization sustain operations for so long?
The organization likely sustained operations by drawing down its assets and incurring more debt, as evidenced by the declining asset base and increasing liabilities over the years.
What was the primary cause of the College Of New Rochelle's closure?
The primary cause was severe financial insolvency, characterized by persistent operating deficits, declining assets, and a growing burden of liabilities that ultimately exceeded its assets, making it unable to meet its financial obligations.
Filing History
IRS 990 filing history for College Of New Rochelle showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2019), College Of New Rochelle's revenue has grown by 5.7%, moving from $69.2M to $73.1M. Total assets decreased by 33.6% over the same period, from $116.6M to $77.4M. Total functional expenses rose by 2.8%, from $69.5M to $71.5M. In its most recent filing year (2019), College Of New Rochelle reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $86.9M in liabilities against $77.4M in assets (debt-to-asset ratio: 112.3%), resulting in net assets of $-9,509,958.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $73.1M | $71.5M | $77.4M | $86.9M | — | View 990 |
| 2017 | $84.9M | $82.4M | $86.2M | $97.5M | — | View 990 |
| 2016 | $68.7M | $82.9M | $87.7M | $110.3M | — | View 990 |
| 2015 | $66.8M | $70.2M | $106.1M | $81.0M | — | View 990 |
| 2014 | $70.1M | $72.8M | $110.8M | $82.8M | — | View 990 |
| 2013 | $70.8M | $73.3M | $112.3M | $82.4M | — | View 990 |
| 2012 | $71.9M | $72.6M | $115.2M | $84.7M | — | View 990 |
| 2011 | $69.2M | $69.5M | $116.6M | $82.9M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $73.1M, expenses of $71.5M, and assets of $77.4M (revenue -13.9% year-over-year).
- 2017: Revenue of $84.9M, expenses of $82.4M, and assets of $86.2M (revenue +23.6% year-over-year).
- 2016: Revenue of $68.7M, expenses of $82.9M, and assets of $87.7M (revenue +2.8% year-over-year).
- 2015: Revenue of $66.8M, expenses of $70.2M, and assets of $106.1M (revenue -4.7% year-over-year).
- 2014: Revenue of $70.1M, expenses of $72.8M, and assets of $110.8M (revenue -1.1% year-over-year).
- 2013: Revenue of $70.8M, expenses of $73.3M, and assets of $112.3M (revenue -1.5% year-over-year).
- 2012: Revenue of $71.9M, expenses of $72.6M, and assets of $115.2M (revenue +3.9% year-over-year).
- 2011: Revenue of $69.2M, expenses of $69.5M, and assets of $116.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for College Of New Rochelle:
Data Sources and Methodology
This transparency report for College Of New Rochelle is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.