SAN FRANCISCO BAY UNIVERSITY (EIN 942933165) - 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

1984

Legal Domicile

Principal Officer

NICHOLAS LADANY

Phone

5108037328

Tax Period

2024-01-01 to 2024-12-31

SAN FRANCISCO BAY UNIVERSITY, founded in 1984, is a mid-sized nonprofit in the Education sector that reported $18.3M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $28.8M exceeded revenue, resulting in a 57% operating deficit.

Mission

SAN FRANCISCO BAY UNIVERSITY PROVIDES DIVERSE LEARNERS WITH INCLUSIVE, INNOVATIVE, AND INSPIRATIONAL EDUCATION FOR LIFELONG PERSONAL AND CAREER SUCCESS.

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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 $0

Program Service Revenue $5,533,333

Investment Income $12,251,521

Other Revenue $554,188

TOTAL REVENUE $18,339,042

Expense Breakdown

Grants Paid $3,997,423

Salaries & Benefits $10,513,663

Fundraising Expenses $0

Program Expenses $16,188,232

Other Expenses $14,281,958

TOTAL EXPENSES $28,793,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,339,042	$23,746,498	-0.2%
Expenses	$28,793,044	$15,380,846	+0.9%
Net Income	$-10,454,002	$8,365,652	-2.2%

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

185

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

$1,268,693

Total Directors

Key Employees

$538,950

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANNO SANDER	CHAIRMAN OF THE BOARD (THRU 7/24)	1.00	Officer Director	$0	$0	$0
JAY BORGES	DIRECTOR, SECRETARY (AS OF 7/24)	1.00	Officer Director	$0	$0	$0
ANN BISHOP	DIRECTOR (THRU 7/24)	1.00	Director	$0	$0	$0
CARLTON BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CRISTENE BURR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
ED ALVAREZ	DIRECTOR (THRU 12/24)	1.00	Director	$0	$0	$0
ELENA FROST	DIRECTOR	1.00	Director	$0	$0	$0
GUNJAN PATEL	DIRECTOR	1.00	Director	$0	$0	$0
JANICE SCOTT	DIRECTOR (THRU 6/24)	1.00	Director	$0	$0	$0
JOHNNY YEH	DIRECTOR (THRU 6/24)	1.00	Director	$0	$0	$0
KEMAL ATKINS	DIRECTOR	1.00	Director	$0	$0	$0
MARIA MEDRANO	DIRECTOR	1.00	Director	$0	$0	$0
ROY BIGGE	DIRECTOR (THRU 6/24)	1.00	Director	$0	$0	$0
VICTORIA LION MONROE	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS LADANY	PRESIDENT	40.00	Officer	$477,638	$30,191	$507,829
MELISSA MILLORA	EXECUTIVE VP/COO	40.00	Officer	$299,115	$24,259	$323,374
ANNE SUTARDJI	CHIEF FINANCIAL OFFICER (THRU 3/24)	40.00	Officer	$272,808	$7,314	$280,122
CALVIN YU	CHIEF FINANCIAL OFFICER (THRU 9/24)	40.00	Officer	$149,712	$7,656	$157,368
BRADLEY FUSTER	VP ACADEMIC AFFAIRS/PROVOST	40.00	Key Emp	$171,967	$12,540	$184,507
BRIAN KIM	GENERAL COUNSEL	40.00	Key Emp	$172,218	$10,463	$182,681
NELLY MANGAROVA	CHIEF ACADEMIC OFFICER (THRU 3/24)	40.00	Key Emp	$165,293	$6,469	$171,762
HEATHER HERRERA	VP OF STRATEGY AND INNOVATION	40.00	Highest	$287,529	$21,795	$309,324
STEPHANIE KRUSEMARK	VP OF ENROLLMENT MANAGEMENT	40.00	Highest	$232,353	$13,719	$246,072
EVELIA LOPEZ	SENIOR DIRECTOR OF OUTREACH	40.00	Highest	$188,992	$21,236	$210,228
PETER MARIBEI	SENIOR DIRECTOR OF CAREER SERVICES	40.00	Highest	$166,644	$18,299	$184,943
ELTON LI	SENIOR DIRECTOR OF INFORMATION TECH	40.00	Highest	$162,715	$21,257	$183,972
PAUL CHOI	FORMER EXECUTIVE VP/COO	40.00		$117,002	$0	$117,002

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
2024	$18,339,042	$28,793,044	$325,051,032	$-10,454,002
2023	$23,746,498	$15,380,846	$306,152,496	$8,365,652
2022	$14,754,091	$11,392,869	$264,099,503	$3,361,222
2021	$7,298,553	$8,390,465	$295,269,122	$-1,091,912
2020	$21,348,587	$6,221,891	$261,594,749	$15,126,696
2019	$10,523,090	$7,129,023	$240,259,995	$3,394,067
2018	$2,979,690	$6,354,603	$203,196,822	$-3,374,913

SAN FRANCISCO BAY UNIVERSITY