THE FOUNDATION FOR PIERCE COLLEGE

EIN: 952586462 501(c)(3)

WOODLAND HILLS, CA

Total Revenue
$1,516,342
Total Expenses
$166,083
Total Assets
$2,618,919
Net Assets
$2,618,919
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
CA
Principal Officer
CASSIE CARTER
Phone
8187104206
Tax Period
2024-07-01 to 2025-06-30

THE FOUNDATION FOR PIERCE COLLEGE, founded in 1969, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 592% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 89% operating margin.

Mission

The mission of the Foundation is to develop resources and increase public awareness to support the students, educational programs and campus for the benefit of the community serviced by the college

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,514,691
Program Service Revenue $0
Investment Income $1,651
Other Revenue $0
TOTAL REVENUE $1,516,342

Expense Breakdown

Grants Paid $96,450
Salaries & Benefits $0
Fundraising Expenses $974
Program Expenses $126,262
Other Expenses $69,633
TOTAL EXPENSES $166,083

Year-over-Year Comparison

2024 2023 Change
Revenue $1,516,342 $218,978 +5.9%
Expenses $166,083 $75,965 +1.2%
Net Income $1,350,259 $143,013 +8.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BRAUN BOARD MEMBER 3.00
Director
$0 $0 $0
GLENN BAILEY PARLIAMENTARIAN 2.00
Director
$0 $0 $0
YEPREM DAVOODIAN COMMUNICATIONS CHAIR 2.00
Director
$0 $0 $0
HOUMAN ESMAILPOUR DIRECTOR OF GRANTSLEGACY GIVING 2.00
Director
$0 $0 $0
CLAIRE MCCLOSKEY BOARD MEMBER 5.00
Director
$0 $0 $0
EDWARD ALBRECHT IMMEDIATE PAST CHAIR 5.00
Director
$0 $0 $0
LYNN CLARK BOARD MEMBER 5.00
Director
$0 $0 $0
WALTER MOSHER EMERITUS TRUSTEE 2.00
Director
$0 $0 $0
CASSIE CARTER BOARD CHAIR 10.00
Officer
$0 $0 $0
DENNIS JACOBS TREASURER 5.00
Officer
$0 $0 $0
RYAN TAYLOR SECRETARY 5.00
Officer
$0 $0 $0
GARY BARR EXECUTIVE VICE CHAIR 5.00
Officer
$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 $1,516,342 $166,083 $2,618,919 $1,350,259
2024 $218,978 $75,965 $1,237,256 $143,013
2023 $164,969 $214,392 $1,001,557 $-49,423
2022 $472,707 $118,263 $1,339,651 $354,444
2021 $431,489 $179,428 $1,320,021 $252,061
2020 $233,820 $33,657 $1,078,633 $200,163
2019 $86,292 $81,467 $878,209 $4,825
2018 $28,814 $18,843 $818,727 $9,971
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