FOUNDATION OF CALIFORNIA STATE UNIVERSITY MONTEREY BAY (EIN 800494808) - 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

2009

Legal Domicile

Principal Officer

MICHAEL LAPLANTE

Phone

8315823395

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION OF CALIFORNIA STATE UNIVERSITY MONTEREY BAY, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.3M, a strong 84% operating margin.

Mission

TO FURTHER THE SCIENTIFIC, LITERARY, EDUCATIONAL AND CHARITABLE PURPOSES OF CALIFORNIA STATE UNIVERSITY, MONTEREY BAY, INCLUDING FUNDRAISING, DEVELOPMENT, ENDOWMENT MANAGEMENT, FINANCIAL ASSISTANCE, PUBLIC RELATIONS AND OTHER SUPPORT.

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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 $10,686,516

Program Service Revenue $0

Investment Income $2,745,665

Other Revenue $2,000

TOTAL REVENUE $13,434,181

Expense Breakdown

Grants Paid $1,512,449

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,727,796

Other Expenses $600,680

TOTAL EXPENSES $2,113,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,434,181	$7,872,146	+0.7%
Expenses	$2,113,129	$2,415,663	-0.1%
Net Income	$11,321,052	$5,456,483	+1.1%

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

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

Total Directors

$921,521

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LAPLANTE	CEO (EX OFFICIO) - BEG. 6/1/25	1.00	Officer Director	$0	$0	$0
GORDON MCDOUGALL	CEO (PART YEAR) - 1/1 TO 5/31/25	1.00	Officer Director	$0	$0	$0
GREG GONZALEZ	CHAIR	1.00	Officer Director	$0	$0	$0
CYDNEY CRAMPTON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTHA LYNN PHD	SECRETARY (PART YEAR)	1.00	Officer Director	$0	$0	$0
ROBERT BEHL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE CORGEL	DIRECTOR	1.00	Director	$0	$0	$0
ALAN L FISHER	DIRECTOR (EX OFFICIO, PART YEAR)	1.00	Director	$0	$48,368	$298,156
ARLENE HAFFA	DIRECTOR	1.00	Director	$0	$37,441	$188,722
STEVE KELLER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LANSBURY	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL MOLATORE	DIRECTOR	1.00	Director	$0	$0	$0
SANDOR NAGY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW NINO	STUDENT DIRECTOR	1.00	Director	$0	$0	$3,480
IAN N OGLESBY	DIRECTOR	1.00	Director	$0	$0	$0
VANYA QUINONES	DIRECTOR (EX OFFICIO)	1.00	Director	$0	$61,163	$431,163
DEBBIE SOBER	DIRECTOR	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	$13,434,181	$2,113,129	$59,839,207	$11,321,052
2024	$7,872,146	$2,415,663	$46,212,984	$5,456,483
2023	$5,304,450	$1,441,028	$38,060,652	$3,863,422
2022	$4,381,797	$1,268,645	$34,574,173	$3,113,152
2021	$2,342,294	$1,284,265	$37,299,489	$1,058,029
2020	$3,795,964	$1,425,110	$29,730,962	$2,370,854
2020	$3,795,964	$1,425,110	$29,730,962	$2,370,854
2019	$4,025,439	$1,227,632	$28,750,059	$2,797,807

FOUNDATION OF CALIFORNIA STATE UNIVERSITY MONTEREY BAY