CONCORDIA UNIVERSITY IRVINE FOUNDATION (EIN 237326171) - 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

1973

Legal Domicile

Principal Officer

DR MICHAEL A THOMAS

Phone

9492143123

Tax Period

2024-07-01 to 2025-06-30

CONCORDIA UNIVERSITY IRVINE FOUNDATION, founded in 1973, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $2.9M exceeded revenue, resulting in a 61% operating deficit.

Mission

CONCORDIA UNIVERSITY FOUNDATION IS AN EXEMPT ORGANIZATION CREATED FOR THE BENEFIT (SEE SCHEDULE O) OF CONCORDIA UNIVERSITY WITH THE PURPOSE OF SOLICITING, RECEIVING, AND DISTRIBUTING FUNDS TO CONCORDIA UNIVERSITY.

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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 $2,013,676

Program Service Revenue $0

Investment Income $0

Other Revenue $-207,949

TOTAL REVENUE $1,805,727

Expense Breakdown

Grants Paid $648,969

Salaries & Benefits $1,389,377

Fundraising Expenses $0

Program Expenses $2,696,594

Other Expenses $867,485

TOTAL EXPENSES $2,905,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,805,727	$1,077,694	+0.7%
Expenses	$2,905,831	$3,172,872	-0.1%
Net Income	$-1,100,104	$-2,095,178	-0.5%

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

$874,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HE DURBIN II	TRUSTEE - CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS POND	TRUSTEE - VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHERYL M KEITHLY	TRUSTEE - SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL A SCHROEDER	TRUSTEE - TREASURER	1.00	Officer Director	$0	$0	$0
PAUL BELDEN	TRUSTEE	1.00	Director	$0	$0	$0
RONN C CORNELIUS	TRUSTEE	1.00	Director	$0	$0	$0
GARTH K FLINT	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA FRESE WADE	TRUSTEE	1.00	Director	$0	$0	$0
RAMSEY ISRAWI	TRUSTEE	1.00	Director	$0	$0	$0
CATHY JOECKEL	TRUSTEE	1.00	Director	$0	$0	$0
SARAH JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LEICHTFUSS	TRUSTEE	1.00	Director	$0	$0	$0
RONALD R LEVESQUE	TRUSTEE	1.00	Director	$0	$0	$0
LEANN L LUCHINGER	TRUSTEE	1.00	Director	$0	$0	$0
DIANNE SCHAUTSCHICK	TRUSTEE	1.00	Director	$0	$0	$0
E STEVEN SONNENBERG	TRUSTEE	1.00	Director	$0	$0	$0
DONNA THIESSEN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES N VITALE	TRUSTEE	1.00	Director	$0	$0	$0
PAM WHEELER	TRUSTEE	1.00	Director	$0	$0	$0
KIM ALSOP	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
MICHAEL D ANTONOVICH	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
LONDA L BORER-SKOV PHD	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
RUSSEL CAMPBELL	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
RUTH E DENAULT	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
ROBERT ODLE	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
GREGORY E PREUSS	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
CAROL SCHROEDER WOLD	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
JOHN STUEVE	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
J DAVID THEIS JR	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
JO VOERTMAN	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
RICHARD J WENDT	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
ELDRED G WOLF	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
HOWARD R WORTHINGTON	TRUSTEE (LIFETIME MEMBER)	1.00	Director	$0	$0	$0
DR MICHAEL A THOMAS	PRESIDENT	4.00	Officer	$0	$123,386	$343,344
STEVEN STRAUCH	EXECUTIVE VP & CFO (THRU 09/24)	4.00	Officer	$0	$105,438	$293,654
TIMOTHY JAEGER - EXECUTIVE	VP FOR UNIVERSITY ADVANCEMENT	40.00	Officer	$0	$142,816	$217,821
FRANCENE LAPOINT	EXECUTIVE VP & CFO (AS OF 11/24)	4.00	Officer	$0	$2,343	$19,849

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	$1,805,727	$2,905,831	$6,537,610	$-1,100,104
2024	$1,077,694	$3,172,872	$6,542,278	$-2,095,178
2023	$849,586	$2,914,561	$6,524,288	$-2,064,975
2022	$2,799,233	$2,087,181	$7,887,654	$712,052
2021	$1,549,969	$1,829,541	$7,937,028	$-279,572
2020	$1,805,709	$1,978,485	$6,743,411	$-172,776
2019	$2,130,577	$2,134,409	$6,922,625	$-3,832
2018	$2,668,423	$2,278,810	$6,805,398	$389,613

CONCORDIA UNIVERSITY IRVINE FOUNDATION