MONTEREY COLLEGE OF LAW (EIN 942202421) - 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

1972

Legal Domicile

Principal Officer

MITCHEL L WINICK

Phone

8315824000

Tax Period

2023-08-01 to 2024-07-31

MONTEREY COLLEGE OF LAW, founded in 1972, is a community nonprofit in the Education sector that reported $5.4M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $6.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

Monterey College of Law is a tax exempt corporation organized to provide a high-quality, affordable, and challenging legal education for all applicants who meet the academic requirements.

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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 (2023)

Revenue Breakdown

Contributions & Grants $140,669

Program Service Revenue $4,950,344

Investment Income $305,072

Other Revenue $94

TOTAL REVENUE $5,396,179

Expense Breakdown

Grants Paid $81,500

Salaries & Benefits $3,550,653

Fundraising Expenses $152,092

Program Expenses $4,268,856

Other Expenses $2,367,211

TOTAL EXPENSES $5,999,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,396,179	$6,786,292	-0.2%
Expenses	$5,999,364	$5,575,263	+0.1%
Net Income	$-603,185	$1,211,029	-1.5%

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

183

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

$498,964

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHEL L WINICK	DEAN	40.00	Officer	$233,406	$22,811	$256,217
ELIZABETH XYR	ASSOCIATE DEAN	40.00		$163,245	$1,921	$165,166
GREGORY BRANDES	COO	40.00	Officer	$133,042	$0	$133,042
DENA DOWSETT	FACULTY	40.00		$106,212	$4,800	$111,012
HEATHER ENGLISH	FINANCE MGR	40.00	Officer	$96,251	$13,454	$109,705
GEOFF COX	TRUSTEE	2.00	Director	$0	$0	$0
CREIGHTON MENDIVIL	Trustee	2.00	Director	$0	$0	$0
PATRICIA STERLING	Treasurer	2.00	Officer Director	$0	$0	$0
MATTHEW GUERRERO	Trustee	2.00	Director	$0	$0	$0
AMY SANDS	Trustee	2.00	Director	$0	$0	$0
MIKE SIMS	TRUSTEE	2.00	Director	$0	$0	$0
CLAUDIA CATOTA	TRUSTEE	2.00	Director	$0	$0	$0
BARRY CURRIER	Chair Elect/Sec	2.00	Officer Director	$0	$0	$0
KERN SINGH	TRUSTEE	2.00	Director	$0	$0	$0
LIZA HORVATH	Treasurer	2.00	Officer Director	$0	$0	$0
MARY SIMS	TRUSTEE	2.00	Director	$0	$0	$0
JEFF JACKSON	Trustee	2.00	Director	$0	$0	$0
GILBERT HOLMES	TRUSTEE	2.00	Director	$0	$0	$0
BRADLEY KING JR	Trustee	2.00	Director	$0	$0	$0
STEPHEN WAGNER	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABET RODRIGUEZ	Trustee	2.00	Director	$0	$0	$0
JENNIFER O'KEEFE	TRUSTEE	2.00	Director	$0	$0	$0
CATHERINE BENNETT	TRUSTEE	2.00	Director	$0	$0	$0
FIONA HALL	TRUSTE	2.00	Director	$0	$0	$0
CHARLES CRANDALL	TRUSTEE	2.00	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	No data	No data	No data	No data
2024	$5,396,179	$5,999,364	$7,512,210	$-603,185
2023	$6,786,292	$5,575,263	$7,590,630	$1,211,029
2022	$4,358,019	$4,911,752	$7,034,212	$-553,733
2021	$3,866,543	$3,989,943	$7,691,175	$-123,400
2020	$3,326,184	$3,520,278	$7,335,696	$-194,094
2019	$2,675,926	$3,065,972	$6,944,306	$-390,046
2018	$2,738,672	$2,688,696	$7,305,877	$49,976

MONTEREY COLLEGE OF LAW