CERRITOS COLLEGE FOUNDATION

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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

1979

Legal Domicile

Principal Officer

DR ETELVINA JURADO

Phone

5628602451

Tax Period

2023-07-01 to 2024-06-30

CERRITOS COLLEGE FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $10.2M represent 83 months of operating reserves.

Mission

THE FOUNDATION SERVES AS A LINK BETWEEN THE COLLEGE, THE PRIVATE SECTOR AND COMMUNITY ORGANIZATIONS TO CREATE PUBLIC AWARENESS OF THE NEEDS OF THE COLLEGE; TO PROMOTE THE COLLEGE TO BUSINESS AND INDUSTRY WITHIN SOUTHEASTERN LOS ANGELES COUNTY; AND TO RAISE FUNDS FOR QUALITY FACILITIES AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $198,766 Revenue: $561,702

SCHOLARSHIPS TO STUDENTS ATTENDING CERRITOS COLLEGE

Program 2

Expenses: $582,792

VARIOUS GRANTS AND SUPPORT ADMINISTERED BY THE FOUNDATION THAT BENEFIT THE COLLEGE AND ITS STUDENTS

Program 3

Expenses: $332,917

THE CERRITOS COLLEGE ECONOMIC DEVELOPMENT DEPARTMENT HAS HELPED HUNDREDS OF BUSINESSES COMPETE AND SUCCEED WITH COST-EFFECTIVE, PROFESSIONAL DEVELOPMENT THAT IS CUSTOM-TAILORED TO ORGANIZATIONAL...

THE CERRITOS COLLEGE ECONOMIC DEVELOPMENT DEPARTMENT HAS HELPED HUNDREDS OF BUSINESSES COMPETE AND SUCCEED WITH COST-EFFECTIVE, PROFESSIONAL DEVELOPMENT THAT IS CUSTOM-TAILORED TO ORGANIZATIONAL OBJECTIVES.

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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 $749,741

Program Service Revenue $525,539

Investment Income $38,085

Other Revenue $163,445

TOTAL REVENUE $1,476,810

Expense Breakdown

Grants Paid $781,558

Salaries & Benefits $294,978

Fundraising Expenses $256,925

Program Expenses $1,114,475

Other Expenses $468,140

TOTAL EXPENSES $1,544,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,476,810	$1,721,299	-0.1%
Expenses	$1,544,676	$2,006,936	-0.2%
Net Income	$-67,866	$-285,637	-0.8%

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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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

$514,312

Total Directors

$729,586

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANIL DESAI	DIRECTOR	0.50	Director	$0	$0	$0
JESSE URQUIDI	DIRECTOR (UNTIL 1/4/24)	0.50	Director	$0	$0	$0
YOLANCA CASTRO	DIRECTOR (STARTING 11/9/23)	0.50	Director	$0	$0	$0
JESSE DE LA CRUZ	DIRECTOR (STARTING 11/9/23)	0.50	Director	$0	$0	$0
MAZEN NABULSI	SECRETARY/TREASURER (UNTIL 1/8/24)	0.50	Officer Director	$0	$0	$0
JON TANKLAGE	DIRECTOR	0.50	Director	$0	$0	$0
NAZIH YEHYA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEAN MCHATTON	FIRST VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
PARIMAL SHAH	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE RODRIGUEZ	SECOND VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
TOM JACKSON	PAST CHAIR	0.50	Officer Director	$0	$0	$0
MARIANA PACHECO	DIRECTOR	0.50	Director	$0	$791	$9,535
BILL STEPHENS	DIRECTOR (UNTIL 6/20/24)	0.50	Director	$0	$0	$0
ROBERT HUGHLETT	DIRECTOR (UNTIL 11/19/23)	0.50	Director	$0	$0	$0
JAYESH SHAH	DIRECTOR	0.50	Director	$0	$0	$0
MARISA PEREZ	DIRECTOR	0.50	Director	$0	$34,380	$43,124
IRMA GORROCINO	DIRECTOR (STARTING 8/24/23)	0.50	Director	$0	$0	$0
MERCEDES GUTIERREZ	SECRETARY (STARTING 1/9/24)	0.50	Officer Director	$0	$26,739	$219,591
JOSE FIERRO	DIRECTOR	1.00	Director	$0	$65,020	$457,336
ETELVINA JURADO	EXECUTIVE DIRECTOR	1.00	Officer	$0	$34,915	$129,541
MARTHA PELAYO	INTERIM DIRECTOR (UNTIL 1/8/24)	0.50	Officer	$0	$32,657	$165,180

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	$1,476,810	$1,544,676	$10,268,613	$-67,866
2023	$1,721,299	$2,006,936	$9,230,703	$-285,637
2022	$1,450,422	$1,971,564	$9,044,403	$-521,142
2021	$3,563,306	$1,404,329	$10,623,161	$2,158,977
2020	$4,363,745	$1,686,004	$7,794,698	$2,677,741
2019	$1,640,008	$1,372,705	$5,225,108	$267,303
2018	$2,674,534	$2,595,597	$4,679,105	$78,937