Ventura, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Santa Barbara & Ventura Colleges of Law, founded in 1969, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $7.2M left a modest 8% surplus.
The mission of The Colleges of Law is to provide access to law and law-related professions through emphasizing opportunity, academic excellence, and community engagement.
The Colleges of Law ("COL") is a California nonprofit corporation that operates as a law school with campus locations in Santa Barbara and Ventura, California. COL provides high quality legal...
The Colleges of Law ("COL") is a California nonprofit corporation that operates as a law school with campus locations in Santa Barbara and Ventura, California. COL provides high quality legal education delivered through two modalities: an evening, onsite option and a hybrid (70 percent online and 30 percent onsite) option, leading to the award of a Juris Doctor Degree and eligibility to sit for the California State Bar Examination. COL also offers a Master of Business, Law, and Technology via distance learning.(See continuation on Schedule O)Founded to provide an opportunity for men and women of all ages, backgrounds, and life experiences to enter the legal profession, COL seeks to develop graduates who will be competent practitioners and who recognize and adhere to the high level of ethics, professional responsibility, and civic duty our society expects of lawyers. Duringthe fiscal year ended May 31, 2025, COL provided education to over 350students.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,781,540 | $6,934,286 | +0.1% |
| Expenses | $7,179,581 | $6,639,728 | +0.1% |
| Net Income | $601,959 | $294,558 | +1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Horowitz | Corporate President/Trustee | 2.00 |
Officer
Director
|
$0 | $181,097 | $1,747,997 |
| Matthew Nehmer | President | 40.00 |
Officer
Director
|
$284,801 | $52,742 | $337,543 |
| Farfalla Borah | Trustee/Board Chair | 2.00 |
Director
|
$0 | $0 | $0 |
| Casey Summar | Trustee/Vice Chair | 2.00 |
Director
|
$0 | $0 | $0 |
| Teri Cannon | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Von Nguyen Deroian | Trustee (until 12/24) | 2.00 |
Director
|
$0 | $0 | $0 |
| Arturo Hernandez | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Betsy Jeppesen | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Bernard Luskin | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Lauren Nicholson | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Julius Sokenu | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Catherine Swysen | Trustee (until 4/25) | 2.00 |
Director
|
$0 | $0 | $0 |
| Lori Trofemuk | Trustee (until 4/25) | 2.00 |
Director
|
$0 | $0 | $0 |
| Celina Zacarias | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Gantz | Corporate Treasurer | 2.00 |
Officer
|
$0 | $24,740 | $400,478 |
| Greg Beno | Asst. Corp. Treasurer | 2.00 |
Officer
|
$0 | $18,468 | $276,060 |
| Shari Mikos | Corporate Secretary | 2.00 |
Officer
|
$0 | $28,735 | $368,593 |
| Elisa Davis | Assistant Secretary (as of 10/24) | 2.00 |
Officer
|
$0 | $3,895 | $53,079 |
| Sara Sotelo | Asst. Corp. Secretary | 2.00 |
Officer
|
$0 | $19,684 | $113,178 |
| Jacqueline Gardina | Chief Acedemic Officer | 40.00 |
Key Emp
|
$263,484 | $42,308 | $305,792 |
| Andrea Funk | Dean of Hybrid JD | 40.00 |
Highest
|
$175,549 | $12,633 | $188,182 |
| April Vincent | Assc. Dean of Student Success | 40.00 |
Highest
|
$154,023 | $27,301 | $181,324 |
| Brandy Price | Director of Educational Impact | 40.00 |
Highest
|
$130,342 | $18,728 | $149,070 |
| Jeanne Eicks | Assc. Dean of Grad | 40.00 |
Highest
|
$115,850 | $8,375 | $124,225 |
| Shawn Taylor | AVP Admissions | 40.00 |
Highest
|
$106,153 | $8,531 | $114,684 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $7,781,540 | $7,179,581 | $13,147,764 | $601,959 |
| 2024 | $6,934,286 | $6,639,728 | $11,988,492 | $294,558 |
| 2023 | $6,178,569 | $6,054,855 | $11,263,538 | $123,714 |
| 2022 | $5,909,533 | $5,699,045 | $9,732,067 | $210,488 |
| 2021 | $5,783,720 | $4,912,839 | $9,339,024 | $870,881 |
| 2020 | $4,568,521 | $4,279,834 | $7,627,482 | $288,687 |
| 2019 | $8,482,824 | $3,823,722 | $7,226,101 | $4,659,102 |
| 2018 | $3,101,285 | $3,013,042 | $4,970,124 | $88,243 |
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