HIGHLINE COLLEGE 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

1972

Legal Domicile

Principal Officer

JOSH GERSTMAN

Phone

2065923774

Tax Period

2024-07-01 to 2025-06-30

HIGHLINE COLLEGE FOUNDATION, founded in 1972, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 41% operating margin.

Mission

HIGHLINE COLLEGE FOUNDATION IS DEDICATED TO RAISING FUNDS THAT HELP PROVIDE QUALITY EDUCATION AT HIGHLINE COLLEGE. THE FOUNDATION STRENGTHENS THE RELATIONSHIP BETWEEN THE COLLEGE AND THE COMMUNITY, DEVELOPING RESOURCES FOR STUDENTS, PROGRAMS, FACULTY AND CAPITAL PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $2,046,195 Revenue: $1,794,481

HIGHLINE COLLEGE FOUNDATION LLC PROVIDES HOUSING PRIMARILY TO DOMESTIC AND INTERNATIONAL STUDENTS ATTENDING THE COLLEGE AND OFFICE SPACE TO THE COLLEGE.

Program 2

Expenses: $936,715

THE FOUNDATION PROVIDES SUPPORT OF COLLEGE PROGRAMS. ANNUAL GRANTS ARE PROVIDED FOR FACULTY AND STAFF DEVELOPMENT, SPECIAL DEPARTMENTAL PROJECTS, AND CAPITAL IMPROVEMENTS.

Program 3

Expenses: $580,671

THE FOUNDATION AWARDED SCHOLARSHIPS AND EMERGENCY ASSISTANCE TO APPROXIMATELY 553 STUDENTS ATTENDING HIGHLINE COLLEGE.

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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 $5,138,722

Program Service Revenue $1,794,481

Investment Income $242,934

Other Revenue $3,850

TOTAL REVENUE $7,179,987

Expense Breakdown

Grants Paid $1,489,833

Salaries & Benefits $0

Fundraising Expenses $6,537

Program Expenses $3,563,581

Other Expenses $2,718,502

TOTAL EXPENSES $4,208,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,179,987	$4,112,262	+0.7%
Expenses	$4,208,335	$4,230,989	0.0%
Net Income	$2,971,652	$-118,727	-26.0%

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

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

$184,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MORIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
LARISSA SKLAR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PERISHA MILIKICH	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN LANDGRAF	SECRETARY	2.00	Officer Director	$0	$0	$0
ARNESSA BEILIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTY BOWMAN WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE CAFFREY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRI CHUN	BOARD MEMBER	1.00	Director	$0	$0	$0
MOIRA FULTON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATSY GAYDA	BOARD MEMBER	1.00	Director	$0	$0	$0
EILEEN LAMBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTA LYDIARD	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD MOCKLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA SAMPLE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA SHEFFEY-BOGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARMILA SWENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TONI SWENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH GERSTMAN	EXECUTIVE DIRECTOR	20.00	Officer	$0	$30,065	$184,366

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	$7,179,987	$4,208,335	$16,328,422	$2,971,652
2024	$4,112,262	$4,230,989	$13,875,981	$-118,727
2023	$4,809,616	$4,077,641	$14,979,362	$731,975
2022	$3,335,719	$3,212,719	$8,034,941	$123,000
2021	$2,338,850	$2,750,591	$9,229,482	$-411,741
2020	$2,489,081	$2,603,894	$6,915,440	$-114,813
2019	$1,986,238	$2,081,401	$7,027,255	$-95,163
2018	$1,604,941	$721,172	$6,619,012	$883,769