LASSEN COLLEGE FOUNDATION INC

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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

1977

Legal Domicile

Principal Officer

SOPHIA WAGES

Phone

5303100303

Tax Period

2023-07-01 to 2024-06-30

LASSEN COLLEGE FOUNDATION INC, founded in 1977, is a small nonprofit that reported $250K in total revenue in fiscal year 2023. Revenue surged 436% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 40% operating margin.

Mission

THE NBSP;FOUNDATION NBSP;PROVIDES NBSP;FINANCIAL NBSP;SUPPORT NBSP;FOR NBSP;COLLEGE NBSP;PROGRAMS NBSP;AND NBSP;STUDENT NBSP;AID NBSP;AND NBSP;PROVIDES NBSP;SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $83,349 Revenue: $83,349

THE FOUNDATION SUPPORTS LASSEN COMMUNITY COLLEGE STUDENT PROGRAMS FOR ATHLETICS STUDENT AID AND OTHEER STUDENT PROGRAMS. REVENUE FROM FUNDRAISING INVESTMENTS AND CONTRIBUTIONS HELP FUND THIS SUPPORT...

Program 2

Expenses: $45,106 Revenue: $34,000

THE FOUNDATION SUPPORTS STUFENTS THROUGH DIRECT SCHOLARSHIPS. RENTAL INCOME AND RESTRICTED CONTRIBUTIONS SPECIFIED FOR THAT PURPOSE ARE USED FOR FUNDING SCHOLARSHIPS.

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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 $116,852

Program Service Revenue $0

Investment Income $53,538

Other Revenue $80,074

TOTAL REVENUE $250,464

Expense Breakdown

Grants Paid $117,349

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $128,455

Other Expenses $34,022

TOTAL EXPENSES $151,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,464	$46,689	+4.4%
Expenses	$151,371	$84,558	+0.8%
Net Income	$99,093	$-37,869	-3.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOPHIA WAGES	PRESIDENT	002.00	Officer Director	$0	$0	$0
CARIE CAMACHO	SECRETARY	000.5	Officer Director	$0	$0	$0
JENNA DUCASSE	CHIEF FINANCIAL OFFICER	000.5	Officer Director	$0	$0	$0
LOUIS HAMILTON	DIRECTOR	000.5	Director	$0	$0	$0
MORGAN NUGENT	VICE PRESIDENT	001.00	Officer 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	$250,464	$151,371	$524,339	$99,093
2023	$46,689	$84,558	$747,595	$-37,869
2022	$79,070	$140,788	$794,210	$-61,718
2021	$233,691	$172,296	$739,102	$61,395
2019	$74,858	$108,152	$545,339	$-33,294
2018	$86,313	$21,758	$562,505	$64,555