Glendale College Foundation (EIN 953876072) - 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

1983

Legal Domicile

Principal Officer

Jennifer S Bertolet

Phone

8185515199

Tax Period

2024-07-01 to 2025-06-30

Glendale College Foundation, founded in 1983, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $3.1M left a modest 4% surplus.

Mission

Glendale College Foundation supports college facilities and programs, builds public awareness of the college, promotes and assists the educational programs carried on and provides scholarships to the students.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,663,219

Program Service Revenue $0

Investment Income $506,119

Other Revenue $68,576

TOTAL REVENUE $3,237,914

Expense Breakdown

Grants Paid $2,940,373

Salaries & Benefits $34,414

Fundraising Expenses $8,618

Program Expenses $2,962,777

Other Expenses $137,125

TOTAL EXPENSES $3,111,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,237,914	$6,712,845	-0.5%
Expenses	$3,111,912	$4,051,744	-0.2%
Net Income	$126,002	$2,661,101	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

$728,562

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Ryan Cornner	GCC Liaison	2.00	Director	$0	$31,811	$359,675
Dr Michael Harnett	GCC Senate	2.00	Director	$0	$32,989	$185,757
Paola Santana	Executive Dir.	2.00	Director	$0	$18,232	$183,130
Dr Sevan Benlian	GCC Trustee	2.00	Director	$0	$0	$0
Jennifer S Bertolet	President	2.00	Officer Director	$0	$0	$0
Jeff Russell	Vice President	2.00	Officer Director	$0	$0	$0
Richard Dinger	Past President	2.00	Officer Director	$0	$0	$0
Todd Vradenburg	Treasurer	2.00	Officer Director	$0	$0	$0
Miryam Finkelberg	Secretary	2.00	Officer Director	$0	$0	$0
Ellyn Semler	Member	2.00	Director	$0	$0	$0
David Tonoyan	Member	2.00	Director	$0	$0	$0
Tina Birungi	Director	2.00	Director	$0	$0	$0
Liz Chai-Chang	Director	2.00	Director	$0	$0	$0
Suzette Clover	Director	2.00	Director	$0	$0	$0
Pat Crouch	Director	2.00	Director	$0	$0	$0
Michael Davitt	Director	2.00	Director	$0	$0	$0
Armand Dorian	Director	2.00	Director	$0	$0	$0
Joyce Gimbert	Director	2.00	Director	$0	$0	$0
Eric Hamilton	Director	2.00	Director	$0	$0	$0
Mike Haney	Director	2.00	Director	$0	$0	$0
Carole Jouroyan	Director	2.00	Director	$0	$0	$0
Adel Luzuriaga	Director	2.00	Director	$0	$0	$0
Donna Melby	Director	2.00	Director	$0	$0	$0
Keith Morris	Director	2.00	Director	$0	$0	$0
Jordan Nedeff	Director	2.00	Director	$0	$0	$0
Bhupesh Parikh	Director	2.00	Director	$0	$0	$0
Edwin Sahakian	Director	2.00	Director	$0	$0	$0
Eric Sahakians	Director	2.00	Director	$0	$0	$0
Jim Sartoris	Director	2.00	Director	$0	$0	$0
Jim Spencer	Director	2.00	Director	$0	$0	$0
Mark Trueblood	Director	2.00	Director	$0	$0	$0
Wesley Walton	Director	2.00	Director	$0	$0	$0
Steve wilder	Director	2.00	Director	$0	$0	$0
Kris Hons	Member	2.00	Director	$0	$0	$0

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	$3,237,914	$3,111,912	$26,362,587	$126,002
2024	$6,712,845	$4,051,744	$23,837,177	$2,661,101
2023	$2,366,676	$1,248,396	$19,484,071	$1,118,280
2022	$1,599,919	$1,144,125	$17,182,118	$455,794
2021	$1,182,999	$864,553	$20,014,093	$318,446
2020	$1,243,011	$884,508	$16,136,580	$358,503
2019	$1,052,103	$863,266	$14,982,245	$188,837

Glendale College Foundation