Chaffey 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

1987

Legal Domicile

Principal Officer

Heather Parsons

Phone

9096526542

Tax Period

2023-07-01 to 2024-06-30

Chaffey College Foundation, founded in 1987, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Net assets of $10.8M represent 56 months of operating reserves.

Mission

SUPPORTS ACADEMIC AND STUDENT SERVICES OF THE CHAFFEY COLLEGE DISTRICT BY PROVIDING RESOURCES FOR SCHOLARSHIPS AND AWARDS TO STUDENTS AND FOR PROGRAM SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $1,286,452

THE FOUNDATION SOLICITS AND RECEIVES VARIOUS GRANTS. GRANT FULFILLMENT REPRESENTS FUNDS THAT HAVE BEEN SPENT ACCORDING TO THE GRANT'S PURPOSE. GRANTS SUPPORT A MULTITUDE OF CAMPUS-WIDE INITIATIVES...

THE FOUNDATION SOLICITS AND RECEIVES VARIOUS GRANTS. GRANT FULFILLMENT REPRESENTS FUNDS THAT HAVE BEEN SPENT ACCORDING TO THE GRANT'S PURPOSE. GRANTS SUPPORT A MULTITUDE OF CAMPUS-WIDE INITIATIVES, INCLUDING PROGRAM SUPPORT, CAPITAL EQUIPMENT, NEW PROGRAMS AND SERVICES AND STUDENT SUPPORT PROGRAMS.

Program 2

Expenses: $513,971

THE FOUNDATION PROVIDES A VARIETY OF SCHOLARSHIP AWARDS INCLUDING MERIT-BASED, DISCIPLINE/MAJOR, ACADEMIC, SPORTS AND COMMUNITY SERVICE AWARDS; FOR WHICH STUDENTS ARE ABLE TO APPLY FOR EACH SEMESTER. SCHOLARSHIPS COME TO THE FOUNDATION THROUGH MEMBERS OF THE COMMUNITY, COLLEGE FACULTY AND STAFF, SERVICE GROUPS, SCHOOLS, CITIES, DISTRICTS AND CORPORATIONS BOTH ANNUALLY AND THROUGH ENDOWMENTS.

Program 3

Expenses: $341,074

SUPPORTS ACADEMIC, STUDENT SERVICES AND DEPARTMENTAL GRANTS OF THE CHAFFEY COLLEGE DISTRICT BY PROVIDING SCHOLARSHIPS, AWARDS, AND PROGRAM ENHANCEMENTS TO STUDENTS AND THE COMMUNITY. DISTRICT SUPPORT REVENUES ARE GARNERED THROUGH DEPARTMENTAL PROGRAM EVENTS AND STUDENT PROGRAMMING AT THE CHAFFEY COLLEGE DISTRICT.

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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 $2,141,522

Program Service Revenue $0

Investment Income $99,109

Other Revenue $80,293

TOTAL REVENUE $2,320,924

Expense Breakdown

Grants Paid $513,971

Salaries & Benefits $406,564

Fundraising Expenses $50,143

Program Expenses $2,141,497

Other Expenses $1,587,157

TOTAL EXPENSES $2,507,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,320,924	$4,680,072	-0.5%
Expenses	$2,507,692	$2,230,738	+0.1%
Net Income	$-186,768	$2,449,334	-1.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Henry Shannon	President of Chaffey College	1.00		$0	$116,584	$759,618
Heather Parsons	Director	1.00		$0	$64,050	$215,074
Marie Baston	Foundation Coordinator	1.00		$0	$54,888	$174,237
Virginia Aguilar-Riley	Member	10.00	Director	$0	$0	$0
Steven Fleurant	Member	10.00	Director	$0	$0	$0
Brett Leavitt	Member	15.00	Director	$0	$0	$0
Robert Little	Member	10.00	Director	$0	$0	$0
Robert McLogan	Member	10.00	Director	$0	$0	$0
Michael Milhiser	Member	10.00	Director	$0	$0	$0
Janice Rutherford	Member	10.00	Director	$0	$0	$0
Loren Sanchez	Member	10.00	Director	$0	$0	$0
Scott Starr	Member	15.00	Director	$0	$0	$0
Michael Villegas	Member	15.00	Director	$0	$0	$0
Zeb Welborn	Member	15.00	Director	$0	$0	$0
Liliana Andriani	President	25.00	Officer	$0	$0	$0
Henry Castillo	Secretary	10.00	Officer	$0	$0	$0
Aileen Dinkjian	Member	10.00	Officer	$0	$0	$0
Suzanne Taylor	Treasurer	15.00	Officer	$0	$0	$0
Kyle Schulty	Past President	15.00	Officer	$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	No data	No data	No data	No data
2024	$2,320,924	$2,507,692	$10,885,355	$-186,768
2023	$4,680,072	$2,230,738	$11,117,897	$2,449,334
2022	$4,038,796	$1,512,875	$8,201,523	$2,525,921
2021	$2,074,819	$1,780,476	$5,977,239	$294,343
2020	$1,848,225	$1,269,815	$5,341,127	$578,410
2019	$2,139,697	$1,801,027	$4,816,224	$338,670
2018	$1,739,345	$1,226,410	$4,338,483	$512,935