SCHOLARSHIP FOUNDATION OF SANTA BARBARA

EIN: 237087774 501(c)(3)

SANTA BARBARA, CA

Total Revenue
$31,875,035
Total Expenses
$10,320,320
Total Assets
$88,807,931
Net Assets
$80,653,507
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
CA
Principal Officer
MELINDA CABRERA
Phone
8056876065
Tax Period
2024-07-01 to 2025-06-30

SCHOLARSHIP FOUNDATION OF SANTA BARBARA, founded in 1962, is a mid-sized nonprofit that reported $31.9M in total revenue in fiscal year 2024. Revenue surged 226% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.6M, a strong 68% operating margin.

Mission

INSPIRE, ENCOURAGE & SUPPORT STUDENTS TO AND THROUGH COLLEGE, GRADUATE & VOCATIONAL SCHOOL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,002,048
Program Service Revenue $85,392
Investment Income $17,824,271
Other Revenue $-36,676
TOTAL REVENUE $31,875,035

Expense Breakdown

Grants Paid $7,509,261
Salaries & Benefits $1,991,581
Fundraising Expenses $667,226
Program Expenses $8,767,911
Other Expenses $807,390
TOTAL EXPENSES $10,320,320

Year-over-Year Comparison

2024 2023 Change
Revenue $31,875,035 $9,786,365 +2.3%
Expenses $10,320,320 $9,300,394 +0.1%
Net Income $21,554,715 $485,971 +43.4%
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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Governance

Voting Members
29
Independent Members
29
Employees
22
Volunteers
100

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
5
$442,401
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANNA MCGREW BOARD CHAIR 8.00
Officer Director
$0 $0 $0
PAMELA GANN VICE CHAIR 3.00
Officer Director
$0 $0 $0
PHILIP FRANKLIN SECRETARY 3.00
Officer Director
$0 $0 $0
JENNIFER BROWN DIRECTOR 2.00
Director
$0 $0 $0
ANNA BURNBAUM DIRECTOR 2.00
Director
$0 $0 $0
JULIA CARVER DIRECTOR 2.00
Director
$0 $0 $0
SARAH CHRISMAN DIRECTOR 2.00
Director
$0 $0 $0
DAVID DURON DIRECTOR 2.00
Director
$0 $0 $0
MARY DWYER DIRECTOR 2.00
Director
$0 $0 $0
TIM FIGUEROA DIRECTOR 2.00
Director
$0 $0 $0
JANET GARUFIS DIRECTOR 2.00
Director
$0 $0 $0
GUILLE GIL-REYNOSO DIRECTOR 2.00
Director
$0 $0 $0
ALAN GRIFFIN DIRECTOR 2.00
Director
$0 $0 $0
CHARLIE HUINER DIRECTOR 2.00
Director
$0 $0 $0
TESSA KAGANOFF DIRECTOR 2.00
Director
$0 $0 $0
KELLY KNIGHT DIRECTOR 2.00
Director
$0 $0 $0
AIMEE MILLER DIRECTOR 2.00
Director
$0 $0 $0
EMIL NAZARETYAN DIRECTOR 2.00
Director
$0 $0 $0
KATHY O'LEARY DIRECTOR 2.00
Director
$0 $0 $0
MARTY PLOURD DIRECTOR 2.00
Director
$0 $0 $0
CARRIE RANDOLPH DIRECTOR 2.00
Director
$0 $0 $0
NANCY RANSOHOFF DIRECTOR 2.00
Director
$0 $0 $0
MATT ROWE DIRECTOR 2.00
Director
$0 $0 $0
TRACEY SOLOMON DIRECTOR 2.00
Director
$0 $0 $0
GEORGE THURLOW DIRECTOR 2.00
Director
$0 $0 $0
DONNA WEIDL DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL YOUNG DIRECTOR 2.00
Director
$0 $0 $0
YOLANDA GARCIA DIRECTOR 2.00
Director
$0 $0 $0
EMILIO HANDALL DIRECTOR 2.00
Director
$0 $0 $0
MELINDA CABRERA CEO 40.00
Officer
$242,727 $17,908 $260,635
JAMES HUTCHINSON CFO 40.00
Officer
$169,294 $12,472 $181,766
TIM DOUGHERTY CHIEF COMMUNICATIONS OFFICER 40.00
Highest
$153,156 $12,047 $165,203
LYNNRAE DUNN DEVELOPMENT DIRECTOR 40.00
Highest
$142,297 $7,661 $149,958
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 $31,875,035 $10,320,320 $88,807,931 $21,554,715
2024 $9,786,365 $9,300,394 $75,961,748 $485,971
2023 $10,459,065 $9,149,947 $68,972,600 $1,309,118
2022 $9,987,149 $8,622,254 $64,291,323 $1,364,895
2021 $10,689,149 $8,900,784 $74,237,459 $1,788,365
2020 $8,981,159 $7,543,859 $58,672,330 $1,437,300
2019 $11,406,790 $9,200,854 $58,635,294 $2,205,936
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