Miramar College Foundation Inc (EIN 330630560) - 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

1994

Legal Domicile

Principal Officer

P Wesley Lundburg

Phone

6193887815

Tax Period

2024-07-01 to 2025-06-30

Miramar College Foundation Inc, founded in 1994, is a small nonprofit in the Education sector that reported $399K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $386K left a modest 3% surplus.

Mission

Promote Miramar College in the community and supplement its educational programs and activities.

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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 $390,523

Program Service Revenue $0

Investment Income $9,857

Other Revenue $-1,033

TOTAL REVENUE $399,347

Expense Breakdown

Grants Paid $254,267

Salaries & Benefits $0

Fundraising Expenses $8,393

Program Expenses $371,656

Other Expenses $131,958

TOTAL EXPENSES $386,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,347	$316,779	+0.3%
Expenses	$386,225	$275,130	+0.4%
Net Income	$13,122	$41,649	-0.7%

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

$201,547

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rene McKee	President (April-June)	1.00	Officer Director	$0	$0	$0
Don Boas	President (June-March)	1.00	Officer Director	$0	$0	$0
Lily Cava	Secretary	1.00	Officer Director	$0	$0	$0
Brett Bell	Treasurer	2.00	Officer Director	$0	$0	$0
Lisa Cole-Jones	College Director	20.00	Director	$137,024	$64,523	$201,547
Roberta Baade	Director	1.00	Director	$0	$0	$0
Paul Johnson	Director (April-June)	1.00	Director	$0	$0	$0
Hailey Hua	Director	2.00	Director	$0	$0	$0
Dawn Diskin	Director	1.00	Director	$0	$0	$0
Sarah Yang	Director (July-Feb)	1.00	Director	$0	$0	$0
Mike Johnson	Director (July-Nov)	1.00	Director	$0	$0	$0
Steven Quis	Director	4.00	Director	$0	$0	$0
P Wesley Lundburg	College President	2.00	Director	$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	$399,347	$386,225	$955,678	$13,122
2024	$316,779	$275,130	$927,586	$41,649
2023	$251,595	$143,488	$885,937	$108,107
2022	$194,262	$166,053	$777,830	$28,209
2021	$142,479	$65,068	$755,814	$77,411
2020	$110,068	$118,417	$672,210	$-8,349
2019	$198,783	$146,655	$680,559	$52,128
2018	$186,038	$94,707	$628,431	$91,331

Miramar College Foundation Inc