CALIFORNIA STATE UNIVERSITY CHANNE… - 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

1996

Legal Domicile

Principal Officer

MARK LISAGOR

Phone

8054378400

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS FOUNDATION, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 28% operating margin.

Mission

STATE FUNDS ALONE CANNOT PROVIDE FOR ALL THE COSTS ASSOCIATED WITH PROVIDING THE FINEST EDUCATION POSSIBLE TO OUR STUDENTS. THE CSU CHANNEL ISLANDS FOUNDATION, A NON-PROFIT 501(C)(3), WAS ESTABLISHED FOR THE PURPOSE OF ENCOURAGING AND ACCEPTING PRIVATE GIFTS TO THE UNIVERSITY. THE FOUNDATION IS THE CATALYST AND CONDUIT THROUGH WHICH GIFTS AND ENDOWMENT INCOME FLOW TO PROVIDE IMMEDIATE AND LONG-TERM SUPPORT OF THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $2,869,155

CAPITAL PROJECTS. PRIMARILY MANZANITA HALL (NOW MARTIN V. SMITH HALL) RENOVATIONS.

Program 2

Expenses: $2,086,005

SCHOLARSHIPS AND FELLOWSHIPS: PROVIDE FINANCIAL SUPPORT FOR STUDENTS, WHICH COULD INCLUDE TUITION AND OTHER EDUCATION RELATED EXPENSES BASED ON SCHOLARSHIP CRITERIA AND ELIGIBILITY.

Program 3

Expenses: $1,095,916

INSTITUTIONAL SUPPORT, INCLUDING THE RECRUITMENT AND ENROLLMENT INITIATIVE, AND IMC REBRANDING AND WEBSITE.

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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 $8,747,753

Program Service Revenue $0

Investment Income $5,065,501

Other Revenue $443,467

TOTAL REVENUE $14,256,721

Expense Breakdown

Grants Paid $2,128,608

Salaries & Benefits $0

Fundraising Expenses $297,430

Program Expenses $8,884,878

Other Expenses $8,086,827

TOTAL EXPENSES $10,275,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,256,721	$5,197,945	+1.7%
Expenses	$10,275,435	$6,297,425	+0.6%
Net Income	$3,981,286	$-1,099,480	-4.6%

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

$484,302

Total Directors

$1,030,494

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA OGBECHIE	BOARD MEMBER	1.00	Director	$0	$0	$0
ARMANDO CASILLAS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BETSY GRETHER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRADLEY OLIN	TREASURER, EX-OFFICIO (AS OF 08/24)	1.00	Officer Director	$0	$44,218	$169,011
CARI SHORE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL BROOME	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MEISSNER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE GARVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
IRENE PINKARD	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CRUZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA DULLAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIANNE MCGRATH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LISAGOR	CHAIR	1.00	Officer Director	$0	$0	$0
MARTIN MCDERMUT	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE YANEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP RUSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH BLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD LEROY	BOARD MEMBER	1.00	Director	$0	$91,310	$341,179
RICHARD ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD YAO	BOARD MEMBER (CSUCI PRESIDENT)	1.00	Director	$0	$88,510	$520,304
RUDY PEREIRA	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVIA ACEVEDO	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA REX	TREASURER, EX-OFFICIO (UNTIL 08/24)	1.00	Officer	$0	$79,642	$315,291

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	$14,256,721	$10,275,435	$107,569,203	$3,981,286
2024	$5,197,945	$6,297,425	$100,586,754	$-1,099,480
2023	$14,875,852	$4,996,080	$94,642,755	$9,879,772
2022	$43,468,637	$3,123,606	$82,922,750	$40,345,031
2021	$20,451,974	$2,302,729	$47,882,083	$18,149,245
2020	$3,887,021	$4,388,758	$26,513,492	$-501,737
2019	$4,330,986	$2,420,429	$26,649,248	$1,910,557
2018	$3,549,827	$3,281,559	$25,792,194	$268,268

CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS FOUNDATION