LAGUNA COLLEGE OF ART AND DESIGN (EIN 952415066) - 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

1961

Legal Domicile

Principal Officer

STEVEN BRITTAN

Phone

9493766000

Tax Period

2022-07-01 to 2023-06-30

LAGUNA COLLEGE OF ART AND DESIGN, founded in 1961, is a mid-sized nonprofit in the Education sector that reported $29.5M in total revenue in fiscal year 2022. Expenses of $26.2M left a modest 11% surplus.

Mission

OPERATE A COLLEGE OF ART OFFERING BACHELOR'S AND MASTER'S DEGREES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $674,653

Program Service Revenue $24,859,257

Investment Income $112,965

Other Revenue $3,844,446

TOTAL REVENUE $29,491,321

Expense Breakdown

Grants Paid $6,784,949

Salaries & Benefits $11,475,738

Fundraising Expenses $732,296

Program Expenses $22,524,151

Other Expenses $7,935,603

TOTAL EXPENSES $26,200,545

Year-over-Year Comparison

	2022	2021	Change
Revenue	$29,491,321	$27,472,410	+0.1%
Expenses	$26,200,545	$25,682,218	+0.0%
Net Income	$3,290,776	$1,790,192	+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

473

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

$1,017,041

Total Directors

$388,785

Key Employees

$605,697

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN BRITTAN	PRESIDENT	37.50	Officer Director	$344,553	$44,232	$388,785
RON HOLOCEK	SECRETARY	0.00	Director	$0	$0	$0
NANCY MILBY	TREASURER	0.00	Director	$0	$0	$0
TERRY JONES	CHAIR	0.00	Director	$0	$0	$0
LISA DALLENDORFER	TRUSTEE	0.00	Director	$0	$0	$0
NANCY BEVERAGE	TRUSTEE	0.00	Director	$0	$0	$0
NANCY BUSHNELL	TRUSTEE	0.00	Director	$0	$0	$0
SUZANNE CHONETTE	TRUSTEE	0.00	Director	$0	$0	$0
BARBARA CLARENCE	TRUSTEE	0.00	Director	$0	$0	$0
NELSON COATES	TRUSTEE	0.00	Director	$0	$0	$0
BONNIE LIVINGSTON	TRUSTEE	0.00	Director	$0	$0	$0
ILONA MARTIN	TRUSTEE	0.00	Director	$0	$0	$0
JAMES MELLOR	TRUSTEE	0.00	Director	$0	$0	$0
RICHARD SCHWARZSTEIN	TRUSTEE	0.00	Director	$0	$0	$0
GERARD STRIPLING	TRUSTEE	0.00	Director	$0	$0	$0
JARED MATHIS	TRUSTEE	0.00	Director	$0	$0	$0
MICHAEL ERVIN	TRUSTEE	0.00	Director	$0	$0	$0
HASTY HONARKAR	TRUSTEE	0.00	Director	$0	$0	$0
ARIANE MACDONALD	TRUSTEE	0.00	Director	$0	$0	$0
KATHRYN BURTON GRAY	TRUSTEE	0.00	Director	$0	$0	$0
KENNETH USSENKO	TRUSTEE	0.00	Director	$0	$0	$0
LISA HALE	TRUSTEE	0.00	Director	$0	$0	$0
HIRO KINOSHITA	TRUSTEE	0.00	Director	$0	$0	$0
AGNES SANCHEZ	DIRECTOR OF HUMAN RESOURCES	37.50	Officer	$130,286	$33,258	$163,544
JAMES GODEK	CFO	37.50	Officer	$244,787	$31,395	$276,182
MATTHEW MORTON	CHIEF INFORMATION OFFICER	37.50	Officer	$170,225	$18,305	$188,530
CHRISTOPHER BROWN	VP OF ENROLLMENT MANAGEMENT	37.50	Key Emp	$177,420	$21,291	$198,711
NICOLE LESHER	PROVOST	37.50	Key Emp	$210,505	$21,958	$232,463
MICHAEL PEARLMAN	CONTROLLER	37.50	Key Emp	$156,083	$18,440	$174,523
HELENE GARRISON	FORMER COO, VP OF ACADEMIC AFFAIRS	37.50		$332,485	$6,310	$338,795

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	No data	No data	No data	No data
2023	$29,491,321	$26,200,545	$44,840,695	$3,290,776
2022	$27,472,410	$25,682,218	$40,017,331	$1,790,192
2021	$27,797,338	$24,299,538	$40,411,200	$3,497,800
2020	$27,712,857	$24,339,063	$37,258,304	$3,373,794
2019	$23,481,304	$21,759,196	$32,385,971	$1,722,108
2018	$21,524,818	$19,024,663	$30,886,117	$2,500,155

LAGUNA COLLEGE OF ART AND DESIGN