MENDOCINO COLLEGE FOUNDATION INC (EIN 680040876) - 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

1984

Legal Domicile

Principal Officer

Tim Karas

Phone

7074683067

Tax Period

2023-07-01 to 2024-06-30

MENDOCINO COLLEGE FOUNDATION INC, founded in 1984, is a small nonprofit in the Education sector that reported $977K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE FOUNDATION SUPPORTS MENDOCINO COLLEGE IN EDUCATING LEADERS, FOSTERING INTELLECTUAL GROWTH AND ENRICHING LIVES BY CREATING OPPORTUNITIES TO INVEST IN A BETTER FUTURE FOR OUR STUDENTS AND COMMUNITIES.

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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 $653,515

Program Service Revenue $128,973

Investment Income $193,401

Other Revenue $1,425

TOTAL REVENUE $977,314

Expense Breakdown

Grants Paid $511,096

Salaries & Benefits $341,682

Fundraising Expenses $107,682

Program Expenses $511,096

Other Expenses $230,926

TOTAL EXPENSES $1,083,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$977,314	$950,095	+0.0%
Expenses	$1,083,704	$1,045,728	+0.0%
Net Income	$-106,390	$-95,633	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Chapman	President	2.00	Officer Director	$0	$0	$0
Tina Rader	Vice President	2.00	Officer Director	$0	$0	$0
Timothy Karas	Secretary	2.00	Officer Director	$0	$0	$0
Channing Cornell	Board Member	1.00	Director	$0	$0	$0
Donald Coursey	Board member	1.00	Director	$0	$0	$0
Marily Harden	Board Member	1.00	Director	$0	$0	$0
Jay Epstein	Board Member	1.00	Director	$0	$0	$0
Tod Kong	Board Member	1.00	Director	$0	$0	$0
Todd Mcmahon	Board member	1.00	Director	$0	$0	$0
Ramon Jimenez	Board member	1.00	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	No data	No data	No data	No data
2024	$977,314	$1,083,704	$12,742,940	$-106,390
2023	$950,095	$1,045,728	$10,976,344	$-95,633
2022	$771,688	$715,801	$10,826,276	$55,887
2021	$628,842	$775,072	$12,046,252	$-146,230
2020	$706,839	$1,080,269	$10,087,084	$-373,430
2019	$769,267	$803,493	$10,223,189	$-34,226
2018	$2,099,583	$970,780	$10,806,198	$1,128,803

MENDOCINO COLLEGE FOUNDATION INC