CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION (EIN 204927897) - 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

2006

Legal Domicile

Principal Officer

ALLISON BAIRD-JAMES

Phone

8057565864

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $62.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Net assets of $447.4M represent 86 months of operating reserves.

Mission

THE FOUNDATION'S PURPOSE IS TO OPERATE AS AN AUXILIARY ORGANIZATION OF THE CALIFORNIA STATE UNIVERSITY BY SUPPORTING THE SCIENTIFIC, LITERARY, EDUCATIONAL AND CHARITABLE PURPOSES OF CALIFORNIA POLYTECHNIC STATE UNIVERSITY, SAN LUIS OBISPO.

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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 $50,284,885

Program Service Revenue $0

Investment Income $12,286,291

Other Revenue $0

TOTAL REVENUE $62,571,176

Expense Breakdown

Grants Paid $32,427,808

Salaries & Benefits $0

Fundraising Expenses $4,594,638

Program Expenses $61,584,841

Other Expenses $34,955,847

TOTAL EXPENSES $67,383,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,571,176	$74,723,223	-0.2%
Expenses	$67,383,655	$51,314,550	+0.3%
Net Income	$-4,812,479	$23,408,673	-1.2%

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

$957,746

Total Directors

$1,638,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY D ARMSTRONG	CEO & UNIVERSITY PRESIDENT	10.00	Officer Director	$0	$132,546	$655,322
WILLIAM H SWANSON	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CHARLES L HARRINGTON	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
JOHN RONCA	SECRETARY	3.00	Officer Director	$0	$0	$0
MARC BENADIBA	TREASURER	8.00	Officer Director	$0	$92,416	$302,424
MICHAEL ABBOTT	DIRECTOR	2.00	Director	$0	$0	$0
LISA ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J APPLEGATE	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP S BAILEY JR	DIRECTOR	2.00	Director	$0	$0	$0
PAUL R BONDERSON JR	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD BRADSHAW	DIRECTOR	2.00	Director	$0	$0	$0
HILARY DECESARE PART YEAR	DIRECTOR	2.00	Director	$0	$0	$0
CHERI DE JONG	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT GAUDINEER	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA JACKSON-ELMOORE PART YEAR	DIRECTOR	2.00	Director	$0	$80,334	$464,130
RICHARD C JACOBSEN PART YEAR	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER JIPSON	DIRECTOR	2.00	Director	$0	$74,556	$216,303
TAMMY KIELY	DIRECTOR	2.00	Director	$0	$0	$0
ABEGAIL LARA PART YEAR	DIRECTOR	2.00	Director	$0	$0	$336
JERRY LOHR	DIRECTOR	2.00	Director	$0	$0	$0
JIM MARDEROSIAN	DIRECTOR	2.00	Director	$0	$0	$0
RYAN MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
LAURA M PICKERING	DIRECTOR	2.00	Director	$0	$0	$0
KENRIC B STONE	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS TRAPANI	DIRECTOR	2.00	Director	$0	$0	$0
STAN VAN VLECK	DIRECTOR	2.00	Director	$0	$0	$0
MATT WEINSTEIN	DIRECTOR	2.00	Director	$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
2025	$62,571,176	$67,383,655	$467,647,859	$-4,812,479
2024	$74,723,223	$51,314,550	$437,035,056	$23,408,673
2023	$46,982,068	$46,371,070	$403,663,890	$610,998
2022	$59,131,933	$57,544,624	$387,833,874	$1,587,309
2021	$44,339,782	$40,325,198	$434,195,321	$4,014,584
2020	$48,841,710	$39,260,409	$373,579,737	$9,581,301
2019	$44,057,764	$35,353,848	$377,483,082	$8,703,916
2018	$57,843,515	$44,366,532	$368,991,639	$13,476,983

CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION