CALIFORNIA MARITIME ACADEMY FOUNDATION INC (EIN 237213404) - 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

1972

Legal Domicile

Principal Officer

ANGIE KRAETSCH

Phone

7076541085

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA MARITIME ACADEMY FOUNDATION INC, founded in 1972, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 34% operating margin.

Mission

WORKING WITH FACULTY, ALUMNI, PARENTS, DONORS, AND STUDENTS, TO BROADEN CAL MARITIME'S COMMUNITY.

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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 $7,487,057

Program Service Revenue $2,653,940

Investment Income $3,267,428

Other Revenue $6,334

TOTAL REVENUE $13,414,759

Expense Breakdown

Grants Paid $858,072

Salaries & Benefits $0

Fundraising Expenses $35,484

Program Expenses $7,173,614

Other Expenses $7,951,509

TOTAL EXPENSES $8,809,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,414,759	$9,338,803	+0.4%
Expenses	$8,809,581	$8,156,801	+0.1%
Net Income	$4,605,178	$1,182,002	+2.9%

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

$79,926

Total Directors

$13,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BETZ	CHAIRMAN	4.00	Officer Director	$0	$0	$0
MICHAEL RODGERS	TREASURER	4.00	Officer Director	$0	$0	$0
KAREN SMITH	SECRETARY	4.00	Officer Director	$0	$0	$0
KRIS ABRUDAN	DIRECTOR	4.00	Director	$0	$0	$0
BILL ANDREW	DIRECTOR	4.00	Director	$0	$0	$0
SAMARO BANNISTER	DIRECTOR	4.00	Director	$0	$0	$0
MARC BAYER	DIRECTOR	4.00	Director	$0	$0	$0
ROBERT BRISENO	DIRECTOR	4.00	Director	$0	$0	$0
TIMOTHY COOMBS	DIRECTOR	4.00	Director	$0	$0	$0
MARIO CORDERO	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL DUMONT	DIRECTOR (PRESIDENT, CSU CMA)	4.00	Director	$0	$0	$0
KIM ESTES	DIRECTOR	4.00	Director	$0	$0	$0
DAVID FRANKEL	DIRECTOR	4.00	Director	$0	$0	$0
JOHN GIFFIN	DIRECTOR	4.00	Director	$0	$0	$0
CARL HOLMES	DIRECTOR	4.00	Director	$0	$0	$0
NIKHIL HUNTER	DIRECTOR	4.00	Director	$0	$0	$0
BETH KIRKPATRICK	DIRECTOR	4.00	Director	$0	$0	$0
ANGIE KRAETSCHDIRECTOR VPCFO	CSU CMA)/FDTN CONTROLLER AS OF 08/24	4.00	Officer Director	$11,370	$2,226	$13,596
LYNN KORWATCH	DIRECTOR	4.00	Director	$0	$0	$0
MITCH MATHAI	DIRECTOR	4.00	Director	$0	$0	$0
ANNE MCINTYRE	DIRECTOR	4.00	Director	$0	$0	$0
ADAM MOILANEN	DIRECTOR	4.00	Director	$0	$0	$0
HOLLY OSEN	DIRECTOR	4.00	Director	$0	$0	$0
CHRISTOPHER PETERSON	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER RADICS-JOHNSON	DTR (SR.DIR.OF ADV.OPERATIONS,CSUMA)	4.00	Director	$0	$0	$0
KRIS RIETMANN-ABRUDAN	DIRECTOR	4.00	Director	$0	$0	$0
TODD ROBERTS	DIRECTOR	4.00	Director	$0	$0	$0
ED WASHBURN	DIRECTOR	4.00	Director	$0	$0	$0
FRANZ LOZANO FOUNDATION	CONTROLLER (VP/CFO,CSUMA) THRU 08/24	4.00	Officer	$58,695	$7,635	$66,330

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	$13,414,759	$8,809,581	$41,004,618	$4,605,178
2024	No data	No data	No data	No data
2023	$5,697,541	$11,385,709	$35,610,883	$-5,688,168
2022	$17,456,743	$7,533,247	$42,390,732	$9,923,496
2021	$12,435,247	$2,665,004	$29,322,508	$9,770,243
2020	$6,962,051	$3,813,851	$17,506,406	$3,148,200
2019	$2,896,969	$2,932,929	$14,333,971	$-35,960
2018	$3,802,042	$2,344,274	$14,161,206	$1,457,768

CALIFORNIA MARITIME ACADEMY FOUNDATION INC