CALIFORNIA DAIRY RESEARCH FOUNDATI… - 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

1988

Legal Domicile

Principal Officer

DIANE DENISE MULLINAX

Phone

5302194074

Tax Period

2024-01-01 to 2024-12-31

CALIFORNIA DAIRY RESEARCH FOUNDATION, founded in 1988, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. Expenses of $5.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROMOTE RESEARCH AND DEVELOPMENT ACTIVITIES THAT BENEFIT CALIFORNIA'S DAIRY PRODUCERS, PROCESSORS, AND CONSUMERS.

Program Service Accomplishments

Program 1

Expenses: $5,106,335

CONDUCT RESEARCH PROJECTS FOR DEVELOPMENT OF NEW DAIRY PROCESSES AND PRODUCTS.

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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 $4,546,869

Program Service Revenue $0

Investment Income $73,364

Other Revenue $99,293

TOTAL REVENUE $4,719,526

Expense Breakdown

Grants Paid $3,872,174

Salaries & Benefits $579,097

Fundraising Expenses $0

Program Expenses $5,106,335

Other Expenses $1,042,862

TOTAL EXPENSES $5,494,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,719,526	$2,041,138	+1.3%
Expenses	$5,494,133	$2,184,950	+1.5%
Net Income	$-774,607	$-143,812	+4.4%

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

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

$240,674

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE DENISE MULLINAX	Executive Dir.	40.00	Officer	$179,092	$61,582	$240,674
KEVIN COMERFORD PHD	CHIEF OF SCIENCE	32.00		$132,013	$30,330	$162,343
KIMBERLY YARRIS	EXECUTIVE ADMIN	40.00		$108,320	$35,207	$143,527
DARRIN MONTEIRO	Director	1.00	Director	$0	$0	$0
JARED FERNANDES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHUCK ALHELM	Secretary	1.00	Officer Director	$0	$0	$0
DR MICHELLE SLIMKO	Director	1.00	Director	$0	$0	$0
DANTE MIGLIAZZO	Treasurer	1.00	Officer Director	$0	$0	$0
JOHN TALBOT	Director	1.00	Director	$0	$0	$0
JOSH ZONNEVELD	Chairman	1.00	Officer 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
2024	$4,719,526	$5,494,133	$3,771,216	$-774,607
2023	$2,041,138	$2,184,950	$2,782,439	$-143,812
2022	$2,430,110	$2,517,679	$2,861,167	$-87,569
2021	$1,698,028	$2,206,276	$2,907,340	$-508,248
2020	$1,924,788	$2,028,253	$3,267,824	$-103,465
2019	$2,216,317	$2,221,446	$3,211,545	$-5,129
2018	$2,535,811	$1,706,043	$3,436,709	$829,768

CALIFORNIA DAIRY RESEARCH FOUNDATION