WEST LOS ANGELES COLLEGE FOUNDATION

EIN: 237351797 501(c)(3) Education

CULVER CITY, CA

Total Revenue
$1,094,748
Total Expenses
$248,731
Total Assets
$2,229,686
Net Assets
$2,221,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
CA
Principal Officer
CAROLINE KELLY
Phone
3102874378
Tax Period
2024-07-01 to 2025-06-30

WEST LOS ANGELES COLLEGE FOUNDATION, founded in 1973, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 212% from the prior year, signaling strong growth momentum. The organization ran a surplus of $846K, a strong 77% operating margin.

Mission

SUPPORT THE INHERENT POTENTIAL OF EVERY WLAC STUDENT IN THEIR PURSUIT AND COMPLETION OF A PROFESSIONAL CERTIFICATE PROGRAM, DEGREE, OR TRANSFER TO A FOUR-YEAR 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,076,165
Program Service Revenue $0
Investment Income $17,136
Other Revenue $1,447
TOTAL REVENUE $1,094,748

Expense Breakdown

Grants Paid $135,051
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $215,410
Other Expenses $113,680
TOTAL EXPENSES $248,731

Year-over-Year Comparison

2024 2023 Change
Revenue $1,094,748 $351,270 +2.1%
Expenses $248,731 $211,140 +0.2%
Net Income $846,017 $140,130 +5.0%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES M LIMBAUGH EX-OFFICIO BOARD MEMBER 5.00
Director
$0 $0 $0
LINDA ROSE BOARD MEMBER 5.00
Director
$0 $0 $0
ERIK I MORENO BOARD MEMBER 5.00
Director
$0 $0 $0
ALBERT VERA Jr BOARD MEMBER 5.00
Director
$0 $0 $0
TONY BERBIGLIA BOARD MEMBER 5.00
Director
$0 $0 $0
SAPNA K SHAH BOARD MEMBER 5.00
Director
$0 $0 $0
ADOLFO ROMERO BOARD MEMBER 5.00
Director
$0 $0 $0
MONICA RINCON BOARD MEMBER 5.00
Director
$0 $0 $0
MATTHEW LIEB BOARD MEMBER 5.00
Director
$0 $0 $0
SAL GONZALES BOARD MEMBER 5.00
Director
$0 $0 $0
CAROLINE KELLY PRESIDENT 10.00
Officer
$0 $0 $0
ARACELI COLE TREASURER 5.00
Officer
$0 $0 $0
KIM ETHEREDGE SECRETARY 10.00
Officer
$0 $0 $0
MIKE HARRIEL VICE PRESIDENT 5.00
Officer
$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 $1,094,748 $248,731 $2,229,686 $846,017
2024 $351,270 $211,140 $1,340,312 $140,130
2023 $348,038 $290,879 $1,183,387 $57,159
2023 $348,038 $290,879 $1,183,387 $57,159
2022 $620,885 $144,775 $1,120,782 $476,110
2021 $160,625 $93,920 $676,300 $66,705
2020 $274,880 $186,465 $609,581 $88,415
2019 $206,605 $120,339 $523,137 $86,266
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