THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE (EIN 953234551) - 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

1976

Legal Domicile

Principal Officer

BOBBI ABRAM

Phone

8057304401

Tax Period

2023-07-01 to 2024-06-30

THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE, founded in 1976, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $8.8M left a modest 5% surplus.

Mission

THE SBCC FOUNDATION FUELS THE EXCELLENCE OF SANTA BARBARA CITY COLLEGE BY ENGAGING THE COMMUNITY, BUILDING RELATIONSHIPS, AND INVITING THE GENEROSITY OF DONORS. THE RESOURCES RAISED AND MANAGED BY THE FOUNDATION ENRICH COLLEGE PROGRAMS, REMOVE BARRIERS, AND EMPOWER STUDENTS TO SUCCEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,278,609

Program Service Revenue $0

Investment Income $3,775,452

Other Revenue $198,743

TOTAL REVENUE $9,252,804

Expense Breakdown

Grants Paid $5,727,171

Salaries & Benefits $1,897,426

Fundraising Expenses $743,974

Program Expenses $6,629,927

Other Expenses $1,180,054

TOTAL EXPENSES $8,804,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,252,804	$7,312,099	+0.3%
Expenses	$8,804,651	$7,243,343	+0.2%
Net Income	$448,153	$68,756	+5.5%

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

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

$508,773

Total Directors

$1,041,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PALOMA ARNOLD	EX-OFFICIO - SBCC	1.00	Director	$0	$26,807	$268,999
CAROLA SMITH	EX-OFFICIO - SBCC	1.00	Director	$0	$22,806	$267,456
JOSHUA RAMIREZ	EX-OFFICIO - SBCC (AS OF 06/24)	1.00	Director	$0	$22,998	$165,926
KIMBERLY MONDA	EX-OFFICIO - SBCC (THRU 04/30/24)	1.00	Director	$0	$0	$163,674
ERIKA ENDRIJONAS	EX-OFFICIO - SBCC	1.00	Director	$0	$12,528	$152,250
ROBERT K MILLER	EX-OFFICIO - SBCC	1.00	Director	$0	$18,743	$23,543
ELIZABETH WILMER	EX-OFFICIO - SBCC	1.00	Director	$0	$0	$0
MADELEINE JACOBSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
LAURIE ASHTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE LEE PICKETT	TREASURER	2.00	Officer Director	$0	$0	$0
RACHEL KAGANOFF	SECRETARY	2.00	Officer Director	$0	$0	$0
WENDY READ	DIRECTOR	2.00	Director	$0	$0	$0
ROGER DURLING	DIRECTOR	1.00	Director	$0	$0	$0
GREG LOOSVELT	DIRECTOR (THRU 05/09/24)	1.00	Director	$0	$0	$0
PAUL MENZEL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLA NICHOLSON	DIRECTOR	1.00	Director	$0	$0	$0
PEDRO PAZ	DIRECTOR	1.00	Director	$0	$0	$0
BEN SCOTT	DIRECTOR (THRU 08/31/23)	1.00	Director	$0	$0	$0
SUSAN SILVER	DIRECTOR (AS OF 10/23)	1.00	Director	$0	$0	$0
FRANK TABAR	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DE TAGYOS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT VINCENT	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF GREEN CHIEF	EXECUTIVE OFFICER (THRU 01/02/24)	40.00	Officer	$275,705	$42,665	$318,370
ZORANA MORRIS	CHIEF FINANCIAL OFFICER	40.00	Officer	$155,446	$34,957	$190,403
BOBBI ABRAM CHIEF	EXECUTIVE OFFICER (AS OF 05/01/24)	40.00	Officer	$0	$0	$0
SARAH STRETZ	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$153,809	$3,091	$156,900
RACHEL JOHNSON	CHIEF PROGRAM OFFICER	40.00	Highest	$136,959	$19,611	$156,570

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	$9,252,804	$8,804,651	$96,949,701	$448,153
2023	$7,312,099	$7,243,343	$88,748,883	$68,756
2022	$11,936,703	$6,630,365	$84,729,515	$5,306,338
2021	$28,568,433	$6,659,775	$94,886,418	$21,908,658
2020	$6,592,806	$10,009,447	$62,486,520	$-3,416,641
2019	$9,280,102	$7,575,013	$67,315,480	$1,705,089

THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE