THE UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION (EIN 465081042) - 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

2014

Legal Domicile

Principal Officer

NATHAN BROSTROM

Phone

5102873337

Tax Period

2023-07-01 to 2024-06-30

THE UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $38.9M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $49.8M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE ORGANIZATION PERFORMS THE LOAN ORIGINATION FUNCTIONS ASSOCIATED WITH THE UNIVERSITY OF CALIFORNIA'S HOUSING ASSISTANCE PROGRAM. THE MISSION OF THE PROGRAM IS TO PROVIDE MORTGAGE LOAN ASSISTANCE IN SUPPORT OF THE RECRUITMENT AND RETENTION OF FACULTY AND SENIOR MANAGERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,580,030

Investment Income $0

Other Revenue $326,690

TOTAL REVENUE $38,906,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,788,601

Other Expenses $49,837,201

TOTAL EXPENSES $49,837,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,906,720	$23,882,920	+0.6%
Expenses	$49,837,201	$24,669,700	+1.0%
Net Income	$-10,930,481	$-786,780	+12.9%

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

N/A

Employees

N/A

Volunteers

N/A

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

$2,033,884

Total Directors

$3,480,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL V DRAKE	DIRECTOR	0.50	Director	$0	$62,464	$1,046,010
KATHERINE S NEWMAN	DIRECTOR (AS OF 12/23)	0.50	Director	$0	$44,994	$594,783
NATHAN BROSTROM	CHAIR OF THE BOARD, DIRECTOR	1.50	Officer Director	$0	$97,274	$639,975
CHARLES F ROBINSON	DIRECTOR, SECRETARY	0.50	Officer Director	$0	$105,058	$639,902
RACHAEL NAVA	VICE PRESIDENT, DIRECTOR	1.50	Officer Director	$0	$92,038	$559,953
JENNIFER MAYS	TREASURER	1.50	Officer	$0	$29,430	$194,054
JAGDEEP BACHHER	FORMER OFFICER	0.00		$0	$117,969	$2,078,070

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	No data	No data	No data	No data
2024	$38,906,720	$49,837,201	$1,472,967,255	$-10,930,481
2023	$23,882,920	$24,669,700	$989,896,455	$-786,780
2022	$21,026,727	$9,864,970	$734,401,469	$11,161,757
2021	$25,322,221	$13,712,513	$809,217,947	$11,609,708
2020	$24,925,780	$18,629,361	$924,942,750	$6,296,419
2019	$18,714,621	$17,273,669	$783,975,819	$1,440,952
2018	$12,236,779	$8,823,792	$514,569,361	$3,412,987

THE UNIVERSITY OF CALIFORNIA HOME LOAN PROGRAM CORPORATION