Santa Barbara & Ventura Colleges of Law

EIN: 952592468 501(c)(3)

Ventura, CA

Total Revenue
$7,781,540
Total Expenses
$7,179,581
Total Assets
$13,147,764
Net Assets
$9,834,814
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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
1969
Legal Domicile
CA
Principal Officer
Michael Horowitz
Phone
8057659300
Tax Period
2024-06-01 to 2025-05-31

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.

Mission

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.

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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 $65,465
Program Service Revenue $7,545,177
Investment Income $185,267
Other Revenue $-14,369
TOTAL REVENUE $7,781,540

Expense Breakdown

Grants Paid $83,986
Salaries & Benefits $3,776,210
Fundraising Expenses $52,238
Program Expenses $4,927,858
Other Expenses $3,319,385
TOTAL EXPENSES $7,179,581

Year-over-Year Comparison

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%
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
9
Employees
133
Volunteers
30

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
7
$3,296,928
Total Directors
14
$2,085,540
Key Employees
1
$305,792
Highest Compensated
5
reported
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
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 $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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