GONZAGA LAW SCHOOL FOUNDATION

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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

1970

Legal Domicile

Principal Officer

JACOB H ROOKSBY

Phone

5093133711

Tax Period

2024-06-01 to 2025-05-31

GONZAGA LAW SCHOOL FOUNDATION, founded in 1970, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $606K, a strong 21% operating margin.

Mission

THE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY, OR BOTH, AND, SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF FOR EXCLUSIVELY CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS (HEREINAFTER REFERRED TO AS "IRS QUALIFIED ORGANIZATION OR "IRS QUALIFIED ORGANIZATIONS") THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3), AND CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C)(2), OF THE INTERNAL REVENUE CODE OF 1954 (OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). SUBJECT TO THIS GENERAL LIMITATION OF PURPOSE, THIS CORPORATION IS ORGANIZED; (1) FOR THE ADVANCEMENT OF LEGAL EDUCATION AND TRAINING AT GONZAGA LAW SCHOOL; (2) FOR THE PROVIDING OF LOANS, WITH OR WITHOUT INTEREST, SCHOLARSHIPS, GRANTS, AND/OR FELLOWSHIPS TO QUALIFIED AND WORTHY STUDENTS ENROLLED AT SUCH SCHOOL; (3) FOR THE CONSTRUCTION OF OR ADDITION TO THE LAW SCHOOL'S PHYSICAL PLANT; (4) FOR SUCH OTHER EXCLUSIVELY CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL ACTIVITIES AS WOULD TEND TO INCREASE THE APPRECIATION AND UNDERSTANDING OF THE LEGAL PROFESSION AND THE STUDY OF LAW BY THE STUDENTS OF SUCH SCHOOL, INCLUDING, BUT NOT LIMITED TO, THE FUNDING OF DISTINGUISHED SPEAKERS' PROGRAMS ON LEGAL AND RELATED TOPICS AT SUCH SCHOOL, AND THE GRANTING OF AWARDS FOR OUTSTANDING LEGAL RESEARCH AND/OR SERVICE AT SUCH SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $666,694

PROVIDED SUPPORT TO GONZAGA UNIVERSITY SCHOOL OF LAW FOR THE SALARIES AND BENEFITS FOR THE FREDERICK N. AND BARBARA T. CURLEY CHAIR IN COMMERCIAL LAW, THE JOHN J. HEMMINGSON PROFESSOR IN CIVIL...

PROVIDED SUPPORT TO GONZAGA UNIVERSITY SCHOOL OF LAW FOR THE SALARIES AND BENEFITS FOR THE FREDERICK N. AND BARBARA T. CURLEY CHAIR IN COMMERCIAL LAW, THE JOHN J. HEMMINGSON PROFESSOR IN CIVIL LIBERTIES, THE J. DONALD AND VA LENA SCARPELLI CURRAN PROFESSOR OF LEGAL ETHICS, THE SMITHMOORE P. MYERS CHAIR OF LAW, THE NORMAN AND RITA ROBERTS ENDOWED SCHOLAR AND THE CLUTE/HALLORAN FACULTY FELLOWSHIP. ALL OF THE FACULTY IN THESE POSITIONS ARE EMPLOYED BY GONZAGA UNIVERSITY SCHOOL OF LAW. ALSO PROVIDED SUPPORT TO GONZAGA UNIVERSITY SCHOOL OF LAW FOR SALARIES AND BENEFITS FOR THE CENTER OF LAW, ETHICS & COMMERCE, THE IMMIGRATION CLINIC, THE INSTITUTE FOR LAW SCHOOL TEACHING AND THE EXECUTIVE DIRECTOR OF THE FOUNDATION WHO ARE EMPLOYED BY GONZAGA UNIVERSITY.

Program 2

Expenses: $607,108

PROVIDED SUPPORT TO GONZAGA UNIVERSITY SCHOOL OF LAW FOR SCHOLARSHIPS FOR CURRENT STUDENTS. SCHOLARSHIPS ARE AWARDED TO QUALIFYING LAW STUDENTS BASED ON MERIT AND NEED DETERMINED BY APPLICATIONS...

PROVIDED SUPPORT TO GONZAGA UNIVERSITY SCHOOL OF LAW FOR SCHOLARSHIPS FOR CURRENT STUDENTS. SCHOLARSHIPS ARE AWARDED TO QUALIFYING LAW STUDENTS BASED ON MERIT AND NEED DETERMINED BY APPLICATIONS SUBMITTED TO THE GONZAGA UNIVERSITY SCHOOL OF LAW ADMISSIONS COMMITTEE AND GONZAGA UNIVERSITY FINANCIAL AID OFFICE. LOANS ARE TO ASSIST GRADUATES WITH REPAYMENT OF THEIR LAW SCHOOL STUDENT LOAN DEBT. LOANS ARE FORGIVEN BY THE GONZAGA UNIVERSITY FOUNDATION IF QUALIFYING LENGTH AND TYPE OF EMPLOYMENT ARE MET. COMMITTEE MEMBERS CONSIST OF GONZAGA UNIVERSITY SCHOOL OF LAW FACULTY AND STAFF.

Program 3

Expenses: $457,680

PROVIDED SUPPORT TO GONZAGA UNIVERSITY SCHOOL OF LAW FOR MISCELLANEOUS SUPPLIES, MEETINGS, AND EVENTS BASED ON DONOR INTENT. PROVIDED SUPPORT TO GONZAGA UNIVERSITY SCHOOL OF LAW FACULTY FOR FACULTY DEVELOPMENT TRAVEL AND RESEARCH, INCLUDING CONFERENCE FEES, MEMBERSHIP DUES AND RESEARCH MATERIAL.

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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 $1,482,663

Program Service Revenue $0

Investment Income $1,407,651

Other Revenue $6,073

TOTAL REVENUE $2,896,387

Expense Breakdown

Grants Paid $1,951,848

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,145,252

Other Expenses $338,052

TOTAL EXPENSES $2,289,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,896,387	$4,043,632	-0.3%
Expenses	$2,289,900	$2,210,083	+0.0%
Net Income	$606,487	$1,833,549	-0.7%

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

$656,527

Total Directors

$833,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB ROOKSBY	PRESIDENT	2.00	Officer Director	$0	$53,885	$438,287
JOE SMITH	DIRECTOR	1.00	Director	$0	$59,952	$395,046
SARAH GUZMAN	EXECUTIVE DIRECTOR	15.00	Officer	$0	$25,113	$121,556
LEON STRAWN	TREASURER	3.00	Officer	$0	$16,089	$96,684
TAMARAE COONEY LEONG	CHAIR	3.00	Officer Director	$0	$0	$0
DANIEL HULSIZER	CHAIR (THRU 07/2024)	3.00	Officer Director	$0	$0	$0
FONDA JOVICK	DIRECTOR	1.00	Director	$0	$0	$0
JOE LINCOLN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH WELLS	DIRECTOR	1.00	Director	$0	$0	$0
TIM FENNESSY	DIRECTOR (THRU 11/2024)	1.00	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	$2,896,387	$2,289,900	$37,704,467	$606,487
2024	$4,043,632	$2,210,083	$35,259,384	$1,833,549
2023	$911,192	$1,876,977	$31,432,257	$-965,785
2022	$3,721,030	$1,763,075	$33,516,870	$1,957,955
2021	$3,337,300	$2,196,050	$34,452,021	$1,141,250
2020	$2,889,997	$1,596,041	$24,791,946	$1,293,956
2019	$1,871,633	$1,196,771	$24,420,503	$674,862
2018	$3,298,414	$993,534	$24,032,270	$2,304,880