CALIFORNIA LUTHERAN UNIVERSITY

EIN: 952962604 501(c)(3) Education

THOUSAND OAKS, CA

Total Revenue
$204,848,435
Total Expenses
$191,269,448
Total Assets
$378,184,981
Net Assets
$306,470,527
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
CA
Principal Officer
JOHN A NUNES
Phone
8054933181
Tax Period
2024-06-01 to 2025-05-31

CALIFORNIA LUTHERAN UNIVERSITY, founded in 1959, is a major nonprofit in the Education sector that reported $204.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $191.3M left a modest 7% surplus.

Mission

CLU IS AN INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN THE LIBERAL ARTS AND SCIENCES.

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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 $19,860,481
Program Service Revenue $162,576,155
Investment Income $21,995,656
Other Revenue $416,143
TOTAL REVENUE $204,848,435

Expense Breakdown

Grants Paid $67,703,559
Salaries & Benefits $72,638,376
Fundraising Expenses $2,354,472
Program Expenses $173,148,160
Other Expenses $50,927,513
TOTAL EXPENSES $191,269,448

Year-over-Year Comparison

2024 2023 Change
Revenue $204,848,435 $185,136,567 +0.1%
Expenses $191,269,448 $192,531,196 0.0%
Net Income $13,578,987 $-7,394,629 -2.8%
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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Governance

Voting Members
24
Independent Members
23
Employees
2266
Volunteers
60

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
6
$499,769
Total Directors
30
$264,084
Key Employees
8
$3,123,985
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NUNES JOHN A PRESIDENT (AS OF 06/24) 40.00
Officer Director
$263,221 $863 $264,084
BOYNTON ANN CHAIR 1.00
Officer Director
$0 $0 $0
CAMARILLO BILL VICE CHAIR 1.00
Officer Director
$0 $0 $0
DEFRANK TED SECRETARY/BOARD MEMBER 1.00
Officer Director
$0 $0 $0
ANDERSON PHYLLIS BOARD MEMBER 1.00
Director
$0 $0 $0
BARKER DAVID BOARD MEMBER (AS OF 02/25) 1.00
Director
$0 $0 $0
BAUMHEFNER LINDA BOARD MEMBER 1.00
Director
$0 $0 $0
BESSEY REV JIM BOARD MEMBER (THRU 05/25) 1.00
Director
$0 $0 $0
BINSLEY ANDREW BOARD MEMBER 1.00
Director
$0 $0 $0
BOS BRENDA BOARD MEMBER (AS OF 10/24) 1.00
Director
$0 $0 $0
BOYCE MARY BOARD MEMBER 1.00
Director
$0 $0 $0
DOWNS TRACY BOARD MEMBER 1.00
Director
$0 $0 $0
GUPTA GITA BOARD MEMBER 1.00
Director
$0 $0 $0
GUTIERREZ ARNOLD BOARD MEMBER 1.00
Director
$0 $0 $0
HILL ANNE BOARD MEMBER 1.00
Director
$0 $0 $0
HILL LAUREEN BOARD MEMBER (THRU 12/24) 1.00
Director
$0 $0 $0
HUTTERER DEBORAH BOARD MEMBER (THRU 09/24) 1.00
Director
$0 $0 $0
IRWIN JON BOARD MEMBER (AS OF 08/24) 1.00
Director
$0 $0 $0
JAECH RICHARD BOARD MEMBER (THRU 04/25) 1.00
Director
$0 $0 $0
JONES KEN BOARD MEMBER (AS OF 08/24) 1.00
Director
$0 $0 $0
LUNDEEN-SMUCK SUSAN BOARD MEMBER 1.00
Director
$0 $0 $0
MCNEIL MALCOLM BOARD MEMBER 1.00
Director
$0 $0 $0
NEBENS CARRIE BOARD MEMBER 1.00
Director
$0 $0 $0
OGBECHIE NKEM BOARD MEMBER (THRU 10/24) 1.00
Director
$0 $0 $0
OLSON KAREN BOARD MEMBER (AS OF 08/24) 1.00
Director
$0 $0 $0
PITTMAN JEFF BOARD MEMBER (AS OF 02/25) 1.00
Director
$0 $0 $0
POAST KIM BOARD MEMBER (AS OF 08/24) 1.00
Director
$0 $0 $0
RUSSELL FELECIA BOARD MEMBER (AS OF 02/25) 1.00
Director
$0 $0 $0
SOULES MIKE BOARD MEMBER 1.00
Director
$0 $0 $0
WOODS JR BOARD MEMBER (THRU 07/24) 1.00
Director
$0 $0 $0
YSASI RICHARD - TREASURER VP, ADMIN. & FIN. (THRU 11/24) 40.00
Officer
$232,088 $3,597 $235,685
FAHNESTOCK BRIAN - TREASURER INTERIM VP/ADMIN/FIN (AS OF 01/25) 40.00
Officer
$0 $0 $0
VARLOTTA LORI PRESIDENT (THRU 05/24) 40.00
Key Emp
$1,320,882 $68,696 $1,389,578
NEILSON LEANNE PROVOST/VP, ACADEMIC AFFAIRS 40.00
Key Emp
$281,646 $13,895 $295,541
APFELTHALER GERHARD DEAN, SCHOOL OF MANAGEMENT 40.00
Key Emp
$245,166 $19,131 $264,297
RICHARDS MARVIN GENERAL COUNSEL 40.00
Key Emp
$238,777 $20,940 $259,717
WARD MATTHEW - VP ENROLLMENT MANAGEMENT, MARKETING 40.00
Key Emp
$239,741 $14,027 $253,768
BIDDINGS-MURO REGINA VP, UNIVERSITY ADVANCEMENT 40.00
Key Emp
$237,149 $11,327 $248,476
VAN OMMEREN RYAN ASSOCIATE VP, FACILITY OPERATIONS 40.00
Key Emp
$197,418 $17,006 $214,424
ROPER MELINDA - VP STUDENT AFFAIRS/DEAN OF STUDENTS 40.00
Key Emp
$184,281 $13,903 $198,184
HOLIGROCKI RICHARD DEAN, GRADUATE SCHOOL OF PSYCHOLOGY 40.00
Highest
$210,429 $24,487 $234,916
HILLIS MICHAEL DEAN, SCHOOL OF EDUCATION 40.00
Highest
$189,107 $20,832 $209,939
VAIMAN VLAD PROFESSOR 40.00
Highest
$189,340 $16,591 $205,931
MARSELIAN ZAREH CHIEF INFORMATION OFFICER 40.00
Highest
$181,869 $16,236 $198,105
FEINUP MATTHEW ASSOCIATE PROFESSOR 40.00
Highest
$186,714 $5,993 $192,707
WINDHAM-HUGHES COLLEEN FORMER FACULTY CHAIR/BOARD MEMBER 40.00
$152,894 $21,063 $173,957
KIMBALL CHRIS FORMER PRESIDENT 40.00
$123,801 $3,425 $127,226
WEE ALLISON FORMER FACULTY CHAIR/BOARD MEMBER 40.00
$109,165 $10,352 $119,517
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 $204,848,435 $191,269,448 $378,184,981 $13,578,987
2024 $185,136,567 $192,531,196 $379,668,648 $-7,394,629
2023 $178,848,556 $190,569,267 $377,672,792 $-11,720,711
2022 $199,868,867 $179,292,464 $398,038,694 $20,576,403
2021 $181,463,115 $169,444,800 $404,684,806 $12,018,315
2020 $202,542,083 $185,765,906 $379,855,133 $16,776,177
2019 $187,034,109 $183,626,806 $358,322,342 $3,407,303
2018 $179,600,601 $171,869,654 $344,559,535 $7,730,947
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