NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION (EIN 954115921) - 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

1987

Legal Domicile

Principal Officer

RICK EVANS

Phone

8186774815

Tax Period

2024-07-01 to 2025-06-30

NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION, founded in 1987, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $763K, a strong 56% operating margin.

Mission

NORTH CAMPUS DEVELOPMENT CORPORATION IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND IS INSTRUMENTAL IN THE DEVELOPMENT OF 65 ACRES OF UNIVERSITY-OWNED LAND (NORTH CAMPUS). THE CORPORATION HAS SET GOALS IN THE DEVELOPMENT OF NORTH CAMPUS, INCLUDING ESTABLISHING STRONG ACADEMIC TIES AND ACADEMIC FACILITIES SPANNING A BROAD RANGE OF THE UNIVERSITY'S COLLEGES AND DEPARTMENTS, AND ENSURING A STEADY, PREDICTABLE AND SAFE SOURCE OF REVENUE WITH NO FINANCIAL RISK TO THE UNIVERSITY.

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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 $0

Program Service Revenue $0

Investment Income $409,862

Other Revenue $961,484

TOTAL REVENUE $1,371,346

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $553,997

Other Expenses $358,312

TOTAL EXPENSES $608,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,371,346	$1,222,020	+0.1%
Expenses	$608,312	$1,120,574	-0.5%
Net Income	$763,034	$101,446	+6.5%

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

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

$1,569,398

Total Directors

$2,119,889

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN DONAHUE	SECRETARY & TREASURER	0.20	Officer Director	$0	$126,836	$457,636
DAVID HONDA	DIRECTOR	0.20	Director	$0	$0	$0
ERIKA BECK	CHAIR	0.20	Officer Director	$0	$88,780	$635,639
JIMMY GANDHI	DIRECTOR	0.20	Director	$0	$80,766	$284,315
KATIE KARROUM	DIRECTOR	0.20	Director	$0	$0	$0
RICK EVANS	PRESIDENT & EXEC DIRECTOR	0.20	Officer Director	$0	$79,837	$305,314
WILLIAM WATKINS	DIRECTOR	0.20	Director	$0	$118,617	$436,985
GRACE SLAVIK	ASSOC. EXEC. DIR. FINANCIAL SERVICES	8.00	Officer	$0	$37,503	$170,809

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	$1,371,346	$608,312	$6,111,215	$763,034
2024	$1,222,020	$1,120,574	$5,383,709	$101,446
2023	$886,551	$1,111,482	$5,277,124	$-224,931
2022	$920,540	$414,521	$5,293,156	$506,019
2021	$1,495,740	$480,972	$5,226,489	$1,014,768
2020	$910,938	$466,305	$4,154,292	$444,633
2019	$872,940	$556,717	$3,858,444	$316,223
2018	$881,360	$578,154	$3,542,649	$303,206

NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION