SOUTHWESTERN LAW SCHOOL

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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

1911

Legal Domicile

Principal Officer

LAURA T PONDER CPA

Phone

2137386700

Tax Period

2024-07-01 to 2025-06-30

SOUTHWESTERN LAW SCHOOL, founded in 1911, is a mid-sized nonprofit in the Education sector that reported $71.2M in total revenue in fiscal year 2024. Expenses of $67.4M left a modest 5% surplus.

Mission

FOR MORE THAN A CENTURY, SOUTHWESTERN HAS EDUCATED LAWYERS READY TO SERVE CLIENTS, THE PROFESSION, AND OUR SOCIETY WITH EXCELLENCE. WE EMPOWER STUDENTS TO REACH THEIR POTENTIAL. WE CULTIVATE INCLUSION AND BELONGING. WE PROMOTE EQUITY AND JUSTICE. WE CHAMPION TRAILBLAZERS, DEVELOP DEALMAKERS, AND INSPIRE INTELLECTUAL CURIOSITY. WE INNOVATE. WE SHAPE THE LAW AND PUBLIC POLICY THROUGH TEACHING, SCHOLARSHIP, AND SERVICE. WE ARE THE DIFFERENCE.

Program Service Accomplishments

Program 1

Expenses: $51,696,178 Revenue: $64,575,085

THE LAW SCHOOL WELCOMES STUDENTS FROM A BROAD RANGE OF BACKGROUNDS AND EXPERIENCES AND STRIVES TO MAKE A COMPREHENSIVE LEGAL EDUCATION ACCESSIBLE TO ALL QUALIFIED APPLICANTS WHILE FOSTERING INCLUSIVE REPRESENTATION IN THE LEGAL PROFESSION. THE LAW SCHOOL ACCOMPLISHES THIS GOAL IN PART BY OFFERING MULTIPLE COURSES OF STUDY LEADING TO THE JURIS DOCTOR DEGREE: (1) A FULLY ONLINE ASYNCHRONOUS CURRICULUM IN BOTH FULL-TIME AND PART-TIME OPTIONS;(2) A THREE-YEAR, FULL-TIME DAY PROGRAM; (3) A TWO-YEAR, ACCELERATED FULL-TIME DAY PROGRAM;(4) A FOUR YEAR, PART-TIME DAY PROGRAM FOR STUDENTS WITH CHILD-CARE, ELDER-CARE, OR OTHER CARE-GIVING RESPONSIBILITIES;(5) A FOUR-YEAR, PART-TIME DAY PROGRAM; AND(6) A FOUR-YEAR, PART-TIME HYBRID EVENING PROGRAM.THE LAW SCHOOL ALSO OFFERS COURSES OF STUDY LEADING TO EITHER A MASTERS IN GENERAL LAW OR MASTERS OF LAW IN ENTERTAINMENT AND MEDIA LAW. THE LAW SCHOOL OFFERS A CONCURRENT J.D./M.B.A. PROGRAM WITH THE DRUCKER SCHOOL OF MANAGEMENT AT CLAREMONT GRADUATE UNIVERSITY. THE LAW SCHOOL SPONSORS A FOREIGN SUMMER ABROAD LAW PROGRAM AS PART OF THE J.D. DEGREE.

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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 $4,656,964

Program Service Revenue $64,575,085

Investment Income $2,220,104

Other Revenue $-264,366

TOTAL REVENUE $71,187,787

Expense Breakdown

Grants Paid $20,389,361

Salaries & Benefits $30,368,186

Fundraising Expenses $665,172

Program Expenses $51,696,178

Other Expenses $16,637,464

TOTAL EXPENSES $67,395,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,187,787	$67,561,599	+0.1%
Expenses	$67,395,011	$68,948,118	0.0%
Net Income	$3,792,776	$-1,386,519	-3.7%

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

754

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

$1,417,627

Total Directors

$10,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROUT DIMIJIAN	BOARD MEMBER (AS OF 12/24)	1.00	Director	$6,048	$0	$6,048
ROBERT S GLASSMAN	BOARD MEMBER	1.00	Director	$2,016	$0	$2,016
DANIEL K KRAMER	BOARD MEMBER (THRU 12/24)	1.00	Director	$2,016	$0	$2,016
LAUREN B LEICHTMAN	CHAIR OF THE BOARD OF TRUSTEES	1.00	Officer Director	$0	$0	$0
PETER DUCHESNEAU	VICE CHAIR, BOARD OF TRUSTEES	1.00	Officer Director	$0	$0	$0
WALTER M YOKA	VICE CHAIR, BOARD OF TRUSTEES	1.00	Officer Director	$0	$0	$0
BERNARD J ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN DOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS L DRISCOLL	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW P FRENCH	BOARD MEMBER (THRU 12/24)	1.00	Director	$0	$0	$0
KEN GORVETZIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN M GERRO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAHMY S GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
NYREE GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY J HASTINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS H HOBERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA HOLLINGER	BOARD MEMBER (THRU 9/24)	1.00	Director	$0	$0	$0
JINNA KANG	BOARD MEMBER	1.00	Director	$0	$0	$0
BETTY P KELEPECZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA MEHRANIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SANFORD MICHELMAN	BOARD MEMBER (AS OF 12/24)	1.00	Director	$0	$0	$0
JOE NUNEZ	BOARD MEMBER (AS OF 12/24)	1.00	Director	$0	$0	$0
STEPHANIE PEATMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS A PRAW	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERIE S RAIDY	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRIET M ROLNICK	BOARD MEMBER (AS OF 12/24)	1.00	Director	$0	$0	$0
ANDREW ROSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MEE H SEMCKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDY VAQUERANO	BOARD MEMBER (THRU 9/24)	1.00	Director	$0	$0	$0
GEORGE WOOLVERTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA D DICKERSON	PRESIDENT & DEAN	40.00	Officer	$527,487	$48,653	$576,140
LAURA PONDER	CFO	40.00	Officer	$272,116	$38,409	$310,525
JULIE K XANDERS	GENERAL COUNSEL/CORPORATE SECRETARY	40.00	Officer	$267,985	$71,248	$339,233
MARISELA CERVANTES CHIEF OF	STAFF, ASST. CORPORATE SECRETARY	40.00	Officer	$143,916	$47,813	$191,729
DANIELLE K HART	FACULTY	40.00	Highest	$274,250	$25,471	$299,721
AMY B MCLELLAN	FACULTY	40.00	Highest	$269,863	$17,969	$287,832
ANDREA G FREEMAN	FACULTY	40.00	Highest	$252,851	$60,060	$312,911
ORLY RAVID	FACULTY	40.00	Highest	$252,675	$37,343	$290,018
ANAHID GHARAKHANIAN	FACULTY	40.00	Highest	$252,417	$23,515	$275,932

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	$71,187,787	$67,395,011	$147,987,058	$3,792,776
2024	$67,561,599	$68,948,118	$134,661,393	$-1,386,519
2023	$59,282,187	$60,150,357	$135,760,519	$-868,170
2022	$60,220,339	$57,936,983	$130,413,828	$2,283,356
2021	$55,492,361	$53,218,188	$137,230,356	$2,274,173
2020	$54,692,632	$50,199,548	$126,801,745	$4,493,084
2019	$47,735,506	$44,199,863	$118,618,174	$3,535,643
2018	$45,567,355	$44,355,781	$115,284,849	$1,211,574