CONCORDIA UNIVERSITY FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

George Thurston

Phone

5032013577

Tax Period

2024-07-01 to 2025-06-30

CONCORDIA UNIVERSITY FOUNDATION, founded in 1980, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $83K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $156K exceeded revenue, resulting in a 86% operating deficit.

Mission

The mission of Concordia Foundation is to support community-based education for disadvantaged students in Northeast Portland with scholarships for those seeking college educations.

Program Service Accomplishments

Program 1

Expenses: $122,650 Revenue: $0

The Foundation funded scholarships for Northeast Portland students seeking college educations through the Oregon Office of Student Access

Program 2

Expenses: $25,000 Revenue: $0

Provide support to George Fox University Pre-College Institute $5,000; NE Steam Coalition $20,000

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $83,467

Other Revenue $0

TOTAL REVENUE $83,467

Expense Breakdown

Grants Paid $135,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,650

Other Expenses $20,510

TOTAL EXPENSES $155,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,467	$267,563	-0.7%
Expenses	$155,510	$2,339,212	-0.9%
Net Income	$-72,043	$-2,071,649	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Brondos	Director	1	Director	$0	$0	$0
Gina Condon	Vice Chair	1	Director	$0	$0	$0
David Eash	Director	1	Director	$0	$0	$0
Gloria Edwards	Director	1	Director	$0	$0	$0
Scott Howard	Chair	1	Director	$0	$0	$0
Jeff Oltmann	Director	1	Director	$0	$0	$0
Carl Talton	Director	1	Director	$0	$0	$0
George Thurston	Secretary/Treasurer	1	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	$83,467	$155,510	$2,473,019	$-72,043
2024	$267,563	$2,339,212	$2,545,268	$-2,071,649
2023	$390,677	$301,808	$4,769,434	$88,869
2022	$1,061,443	$209,800	$4,650,863	$851,643
2021	$40,532	$7,504,575	$3,799,220	$-7,464,043
2020	$3,348,874	$4,688,491	$11,253,626	$-1,339,617
2019	$2,561,276	$2,263,246	$17,645,424	$298,030
2018	$2,452,192	$2,239,966	$13,511,392	$212,226