FOUNDATION OF THE ACADEMIC SENATE … - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

KRYSTINNE MICA

Phone

9164454753

Tax Period

2018-07-01 to 2019-06-30

FOUNDATION OF THE ACADEMIC SENATE FOR CALIFORNIA COMMUNITY COLLEGES, founded in 2008, is a micro nonprofit that reported $41K in total revenue in fiscal year 2018. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 31% operating margin.

Mission

THE MISSION OF THE ACADEMIC SENATE FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGES IS TO ENHANCE THE EXCELLENCE OF THE CALIFORNIA COMMUNITY COLLEGES BY SUSTAINED SUPPORT FOR PROFESSIONAL DEVELOPMENT OF THE FACULTY IN THE FURTHERANCE OF EFFECTIVE TEACHING AND LEARNING PRACTICES. THE SPECIFIC PURPOSES OF THIS CORPORATION ARE TO BENEFIT, SUPPORT, AND ENHANCE THE EXCELLENCE OF CALIFORNIA COMMUNITY COLLEGES; TO SUPPORT DESIGN AND IMPLEMENT PROFESSIONAL DEVELOPMENT AND COMMUNICATE EFFECTIVE PRACTICES TO PROMOTE EFFECTIVE TEACHING AND LEARNING IN THE CALIFORNIA COMMUNITY COLLEGES; AND TO PROMOTE A VARIETY OF ACTIVITIES AND STRATEGIES TO ADVANCE TEACHING AND LEARNING.

Program Service Accomplishments

Program 1

Expenses: $18,718

THE ORGANIZATION GAVE SCHOLARSHIPS TO BENEFIT HIGHER EDUCATION IN CALIFORNIA

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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 (2018)

Revenue Breakdown

Contributions & Grants $40,932

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,194

Other Expenses $28,407

TOTAL EXPENSES $28,407

Year-over-Year Comparison

	2018	2017	Change
Revenue	$40,932	$54,796	-0.3%
Expenses	$28,407	$46,447	-0.4%
Net Income	$12,525	$8,349	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SILVESTER HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNA BRUZZESE	DIRECTOR	1.00	Director	$0	$0	$0
CINDI NAPLI-ABELLA REISS	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL ASCHENBACH	PRESIDENT	2.00	Officer	$0	$0	$0
LATONYA PARKER	TREASURER	2.00	Officer	$0	$0	$0
KRYSTINNE MICA	EXECUTIVE DI	1.00	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
2019	$40,932	$28,407	$84,572	$12,525
2018	$54,796	$46,447	$100,084	$8,349

FOUNDATION OF THE ACADEMIC SENATE FOR CALIFORNIA COMMUNITY COLLEGES