Associated Students San Jose State University (EIN 941156305) - 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

1980

Legal Domicile

Principal Officer

Kingson Leung ExecutiveDirector

Phone

4089246210

Tax Period

2024-07-01 to 2025-06-30

Associated Students San Jose State University, founded in 1980, is a mid-sized nonprofit in the Education sector that reported $11.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $10.3M left a modest 7% surplus.

Mission

Associated Students' mission is to support and represent SJSU students by continuing the legacy of student advocacy and leadership. See Schedule O for further details.

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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 $2,412,712

Program Service Revenue $8,465,765

Investment Income $206,684

Other Revenue $25,621

TOTAL REVENUE $11,110,782

Expense Breakdown

Grants Paid $219,406

Salaries & Benefits $5,154,071

Fundraising Expenses $0

Program Expenses $9,928,110

Other Expenses $4,938,964

TOTAL EXPENSES $10,312,441

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,110,782	$10,114,968	+0.1%
Expenses	$10,312,441	$10,401,674	0.0%
Net Income	$798,341	$-286,706	-3.8%

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

182

Volunteers

300

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
Sukhvir Multani	President	12.00	Officer Director	$0	$0	$0
Dhruv Varshney	Controller	12.00	Officer Director	$0	$0	$0
Samuel Brown	Director	12.00	Director	$0	$0	$0
D'Netrus Chevis-Rose	Director	12.00	Director	$0	$0	$0
Estevan Guzman	Director	12.00	Director	$0	$0	$0
Michelle Meija	Director	12.00	Director	$0	$0	$0
Umana Oishi	Director	12.00	Director	$0	$0	$0
Ariana Shah	Director	12.00	Director	$0	$0	$0
Het Tikawala	Director	12.00	Director	$0	$0	$0
Katelyn Gambarin	Director	12.00	Director	$0	$0	$0
Sehtej Khehra	Director	12.00	Director	$0	$0	$0
Diya Doshi	Director	12.00	Director	$0	$0	$0
Ariana Lacson	Director	12.00	Director	$0	$0	$0
James Westbrook	AssociateDirofFin	40.00		$0	$0	$0
Kingson Leung	InterimSrAsscDirof	40.00		$0	$0	$0
Jane M Zamora	CDC Director	40.00		$0	$0	$0
Tiffany Rodriguez	TransportationSolu	40.00		$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	$11,110,782	$10,312,441	$17,059,985	$798,341
2024	$10,114,968	$10,401,674	$16,519,899	$-286,706
2023	$9,626,283	$10,007,894	$16,491,718	$-381,611
2022	$9,266,037	$8,591,005	$15,731,962	$675,032
2021	$9,442,445	$7,168,009	$17,759,184	$2,274,436
2020	$8,668,791	$7,849,304	$15,622,052	$819,487
2019	$8,831,020	$8,656,664	$12,777,000	$174,356
2018	$8,509,591	$8,418,712	$12,556,410	$90,879

Associated Students San Jose State University