THE UNIVERSITY CORPORATION

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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

1958

Legal Domicile

Principal Officer

RICK EVANS

Phone

8186776011

Tax Period

2024-07-01 to 2025-06-30

THE UNIVERSITY CORPORATION, founded in 1958, is a mid-sized nonprofit that reported $60.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $54.4M left a modest 10% surplus.

Mission

ON BEHALF OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE, THE UNIVERSITY CORPORATION PERFORMS A NUMBER OF ACTIVITIES INCLUDING OPERATING THE CAMPUS BOOKSTORE, FOOD SERVICES, VENDING OPERATIONS, ADMINISTRATION OF VARIOUS FUNDS AND GRANTS, MANAGING CAMPUS FACULTY/STAFF HOUSING PROGRAM, OFF-CAMPUS RESEARCH AND ADMINISTRATIVE BUILDING, AS WELL AS THE LICENSING OF CAMPUS FACILITIES, LOGOS AND TRADEMARKS.

Program Service Accomplishments

Program 1

Expenses: $41,130,233 Revenue: $46,310,058

GRANTS AND CONTRACTS ADMINISTRATION - THE UNIVERSITY CORPORATION PROVIDES POST-AWARD ADMINISTRATION OF SPONSORED PROGRAMS. WORKING WITH THE UNIVERSITY'S OFFICE OF RESEARCH AND SPONSORED PROJECTS, THE CORPORATION SPONSORED PROGRAMS DIVISION PROVIDES SUPPORT TO PRINCIPAL INVESTIGATORS AND PROJECT STAFF WITH INTERPRETATION OF REGULATIONS, PROCESSING OF EXPENSES, PAYROLL, HUMAN RESOURCES, RISK MANAGEMENT, FINANCIAL REPORTING, MANAGEMENT OF AUDITS AND OTHER SERVICES IN SUPPORT OF EXTERNALLY FUNDED PROGRAMS. AFTER DEDUCTING ALL DIRECT COSTS OF THE SPONSORED PROGRAMS DEPARTMENT, A RESERVE ALLOCATION AND ADMINISTRATION COSTS, THE UNIVERSITY CORPORATION SETS ASIDE THE REMAINING INDIRECT COST RECOVERY FUNDS INTO A RESERVE ACCOUNT.

Program 2

Expenses: $8,911,487 Revenue: $10,138,248

AUXILIARY SERVICES, FOOD SERVICES, BOOKSTORE COMMISSIONS, REAL ESTATE RENTALS - SEE SCHEDULE O

Program 3

Expenses: $769,354 Revenue: $969,851

UNIVERSITY PROJECTS - SEE SCHEDULE O

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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 $57,418,157

Investment Income $3,079,294

Other Revenue $0

TOTAL REVENUE $60,497,451

Expense Breakdown

Grants Paid $8,995,224

Salaries & Benefits $27,010,042

Fundraising Expenses $0

Program Expenses $50,811,074

Other Expenses $18,437,706

TOTAL EXPENSES $54,442,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,497,451	$50,736,157	+0.2%
Expenses	$54,442,972	$47,373,441	+0.1%
Net Income	$6,054,479	$3,362,716	+0.8%

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

1332

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

$1,857,117

Total Directors

$2,167,521

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA BECK	CHAIR	0.20	Officer Director	$0	$88,780	$635,639
COLIN DONAHUE	RECORDING SECRETARY	0.20	Officer Director	$0	$126,836	$457,636
RICK EVANS	PRESIDENT	32.00	Officer	$0	$79,837	$305,314
HAMID JOHARI	DIRECTOR	0.20	Director	$0	$88,738	$279,037
DAVE MOON	DIRECTOR	0.20	Director	$0	$51,276	$249,561
LOIS SHELTON	DIRECTOR	0.20	Director	$0	$62,596	$220,712
BENEDICT YASPELKIS	FIRST VICE PRESIDENT	0.20	Officer Director	$0	$68,522	$212,587
HEATHER CAIRNS	ASSOCIATE EXEC. DIR. ADMIN SERVICES	40.00	Highest	$133,508	$48,909	$182,417
GRACE SLAVIK	SECRETARY	32.00	Officer	$133,306	$37,503	$170,809
JULIE M GOULD	PROJECT COORDINATOR	40.00	Highest	$142,727	$22,344	$165,071
JULIA SANTIAGO	INTERIM MANAGING DIRECTOR	40.00	Highest	$123,174	$30,973	$154,147
MERILLA SCOTT	EXECUTIVE DIR. OF STRENGTH UNITED	40.00	Highest	$133,959	$11,904	$145,863
NHUT HO	FOUNDING DIR. NASA AUTO. RES. CENTER	40.00	Highest	$134,322	$0	$134,322
MICHAEL PHILLIPS	TREASURER	0.20	Officer Director	$0	$0	$75,132
JERALD SCHUTTE	DIRECTOR	0.20	Director	$0	$0	$35,319
HARVEY BOOKSTEIN	DIRECTOR	0.20	Director	$0	$0	$0
RONALD S FRIEDMAN	DIRECTOR	0.20	Director	$0	$0	$0
CARLOS FUENTES	DIRECTOR	0.20	Director	$0	$0	$0
ISAAC GAVINO	DIRECTOR	0.20	Director	$0	$0	$0
JOSELYN HARRIS	DIRECTOR	0.20	Director	$0	$0	$0
OMAR JWAINAT	DIRECTOR	0.20	Director	$0	$0	$1,898
KATIE KARROUM	SECOND VICE PRESIDENT	0.20	Director	$0	$0	$0
IMAN KHAN	DIRECTOR	0.20	Director	$0	$0	$0
BRIANNA KOVENIA	DIRECTOR	0.20	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	$60,497,451	$54,442,972	$91,315,603	$6,054,479
2024	$50,736,157	$47,373,441	$84,695,490	$3,362,716
2023	$47,045,939	$45,633,888	$77,671,189	$1,412,051
2022	$45,441,004	$42,758,237	$72,399,282	$2,682,767
2021	$40,506,670	$33,961,329	$74,869,127	$6,545,341
2020	$52,761,003	$49,418,975	$66,775,649	$3,342,028
2019	$57,086,513	$54,383,598	$66,146,191	$2,702,915
2018	$55,533,570	$53,285,642	$61,972,539	$2,247,928