SILVER LAKE COLLEGE OF THE HOLY FA… - 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

1935

Legal Domicile

Principal Officer

DR ROBERT CALLAHAN

Phone

9206866121

Tax Period

2018-07-01 to 2019-06-30

SILVER LAKE COLLEGE OF THE HOLY FAMILY INC, founded in 1935, is a mid-sized nonprofit that reported $17.0M in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.5M, a strong 21% operating margin.

Mission

SILVER LAKE COLLEGE IS A DYNAMIC LEARNING COMMUNITY THAT EMPOWERS STUDENTS THROUGH A QUALITY LIBERAL ARTS EDUCATION, INTEGRATED WITH PROFESSIONAL PREPARATION, OFFERED IN AN ENVIRONMENT OF MUTUAL RESPECT AND CONCERN FOR PERSONS, BASED ON THE PRINCIPALS AND TRUTHS OF THE FRANCISCAN CATHOLIC TRADITION.

Program Service Accomplishments

Program 1

Expenses: $7,239,433 Revenue: $7,534,807

INSTRUCTIONAL: INCLUDES ACADEMIC PROGRAMS OF COLLEGE CURRICULUM SERVING OVER 400 STUDENTS PER SEMESTER. PROGRAMS OFFERED INCLUDE MAJORS IN ART, ENGLISH, MATH, MUSIC, SCIENCE, THEOLOGY, PSYCHOLOGY...

INSTRUCTIONAL: INCLUDES ACADEMIC PROGRAMS OF COLLEGE CURRICULUM SERVING OVER 400 STUDENTS PER SEMESTER. PROGRAMS OFFERED INCLUDE MAJORS IN ART, ENGLISH, MATH, MUSIC, SCIENCE, THEOLOGY, PSYCHOLOGY, BUSINESS, NURSING AND EDUCATION AS WELL AS GRAD PROGRAMS IN EDUCATION, MUSIC, AND BUSINESS.

Program 2

Expenses: $413,682 Revenue: $6,647

ACADEMIC SUPPORT: FINANCIAL AID, ATHLETICS, ADMISSIONS, SCHEDULING, INTERN PLACEMENT, ACADEMIC ADVISING, PROGRAM COUNSELING, AV AND COMPUTER AID AND INSTRUCTION, STUDENT SERVICES, PUBLIC INFORMATION...

Program 3

Expenses: $1,386,045 Revenue: $991,241

AUXILIARY SERVICES: SERVICES PROVIDED FOR STUDENT CONVENIENCE INCLUDING CAFETERIA, BOOKSTORE, PRINT SHOP, AND STUDENT HOUSING.

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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 $8,090,176

Program Service Revenue $8,484,400

Investment Income $275,815

Other Revenue $164,919

TOTAL REVENUE $17,015,310

Expense Breakdown

Grants Paid $3,374,313

Salaries & Benefits $5,338,694

Fundraising Expenses $437,021

Program Expenses $9,039,160

Other Expenses $4,757,681

TOTAL EXPENSES $13,470,688

Year-over-Year Comparison

	2018	2017	Change
Revenue	$17,015,310	$14,971,916	+0.1%
Expenses	$13,470,688	$15,237,140	-0.1%
Net Income	$3,544,622	$-265,224	-14.4%

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

357

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

$434,887

Total Directors

$258,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF KIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE DEBILZEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ZIMMER	BOARD MEMBER	1.00	Director	$0	$0	$0
SR HELENA YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SCHUTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE KORNELY	BOARD MEMBER	1.00	Director	$0	$0	$0
SR JANE KINATE	BOARD MEMBER	1.00	Director	$0	$0	$0
KORY SCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KUMAR KANGAYAPPAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MARY GOVIER	BOARD MEMBER	1.00	Director	$0	$0	$0
SR CAROL ANN GAMBSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
FR DAN FELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK BRANDEL	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CRAWFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN RUSSO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC VOLCHEFF	CHAIR	1.00	Officer Director	$0	$0	$0
MARK FENLON	TREASURER	1.00	Officer Director	$0	$0	$0
SR ADRIANNA SCHOUTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
DR ROB CALLAHAN	PRESIDENT	40.00	Officer Director	$243,097	$15,089	$258,186
JANEEN MEIFERT	CFO	40.00	Officer	$159,835	$16,866	$176,701
TRACY MILKOWSKI	VP ADVANCEMENT	40.00	Highest	$161,656	$5,655	$167,311
MARC BARBEAU	VP ADVANCEMENT - FORMER	0.00		$275,000	$0	$275,000
MATTHEW SOUCY	VP ACADEMIC AFFAIRS - FORMER	0.00		$300,000	$0	$300,000
SANDRA ISSELMANN	VP HUMAN RESOURCES - FORMER	0.00		$374,791	$5,781	$380,572

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	$17,015,310	$13,470,688	$24,542,918	$3,544,622
2018	$14,971,916	$15,237,140	$25,581,641	$-265,224

SILVER LAKE COLLEGE OF THE HOLY FAMILY INC