SALINAS, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HARTNELL COLLEGE FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $7.3M in total revenue in fiscal year 2023. Net assets of $51.9M represent 86 months of operating reserves.
THE MISSION OF HARTNELL COLLEGE FOUNDATION IS TO CULTIVATE RESOURCES TO CHAMPION STUDENT SUCCESS.
When it was established in 1979, the Hartnell College Foundation's primary focus was on raising funds for student scholarships. Today, the Foundation has expanded its support for the college and its...
When it was established in 1979, the Hartnell College Foundation's primary focus was on raising funds for student scholarships. Today, the Foundation has expanded its support for the college and its students with resources for scholarships, facilities, workforce development, and innovative programs. Between 2006 and 2012, the Foundation completed the colleges first comprehensive capital campaign in its 85-year history, raising $12 million. The Board and committees were expanded to involve over 250 community leaders. At the end of 2012, the Foundation launched a President's Task Force. This group was comprised of 43 members representing the community and campus leadership. They oversaw a campus-wide needs assessment that identified key initiatives appropriate for private support. These initiatives were the basis of a five-year, $15 million funding plan. From 2012-2019, the Foundation far exceeded its fundraising goal of $15 million by raising $45 million, three times the original target. The Foundation recently organized another community led President's Task Force, which resulted in a funding plan for 2020-2025. The plan includes initiatives for innovative and accelerated programs, student success scholarships and internships, STEM programs and scholarships, including the Computer Science in 3 Years program and K-12 partnerships, the Salinas Valley Promise (guidance, leadership development, life skills training and scholarships for local first time college students), agriculture business and technology, nursing and health sciences, athletics, arts programs, and the expansion of higher education through regional educational centers, online education, and digital equity. The new fundraising goal is $34.1 million.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,264,781 | $7,518,887 | 0.0% |
| Expenses | $7,562,980 | $7,988,137 | -0.1% |
| Net Income | $-298,199 | $-469,250 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Jaqueline Cruz | VP ADV Dev & ED | 20.00 |
Officer
|
$0 | $126,465 | $366,730 |
| Michael Gutierrez | superintendent | 2.00 |
Officer
|
$0 | $28,750 | $156,039 |
| Kerry Varney | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cathy Alameda | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mike Avila | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Andrea Bailey | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Susan Black | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Scott Brubaker | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Betsy Buchalter-Adler | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Brandi Borzini | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mike Cling | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sharon Dilbeck | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Elsa Jimenez | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Lina Gomez | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr Willard Lewallen | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Emmett Linder | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Lisa Paulo | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Chris Lopez | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Nick Pasculli | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Colby Pereira | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dr Jayne Smith | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gerald Stratton | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| David Warner | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jennifer Williams | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Patrick Zelaya | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $7,264,781 | $7,562,980 | $53,448,670 | $-298,199 |
| 2023 | $7,518,887 | $7,988,137 | $52,657,248 | $-469,250 |
| 2022 | $12,933,522 | $8,574,565 | $52,598,427 | $4,358,957 |
| 2021 | $13,024,147 | $4,592,333 | $52,076,041 | $8,431,814 |
| 2020 | $5,200,762 | $4,625,222 | $41,369,215 | $575,540 |
| 2019 | $8,059,771 | $5,455,690 | $40,605,050 | $2,604,081 |
| 2018 | $25,192,526 | $4,768,013 | $37,786,456 | $20,424,513 |
Compare HARTNELL COLLEGE FOUNDATION with other nonprofits in California and across the country.