LA CLIPPERS FOUNDATION

EIN: 954493310 501(c)(3) Recreation & Sports

BELLEVUE, WA

Total Revenue
$742,751
Total Expenses
$5,107,880
Total Assets
$7,438,867
Net Assets
$7,106,771
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Principal Officer
JENNIFER LEWIS
Phone
4254400522
Tax Period
2023-07-01 to 2024-06-30

LA CLIPPERS FOUNDATION, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $743K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $5.1M exceeded revenue, resulting in a 588% operating deficit.

Mission

TO FOSTER AND SUPPORT COMMUNITY OUTREACH PROGRAMS & ACTIVITIES WITH POSITIVE (CONT. ON SCH. O) EDUCATIONAL, CIVIC, ENVIRONMENTAL AND HUMANITARIAN VALUES THAT BENEFIT AND ENHANCE THE LIVES OF CHILDREN

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $286,090
Program Service Revenue $0
Investment Income $225,817
Other Revenue $230,844
TOTAL REVENUE $742,751

Expense Breakdown

Grants Paid $4,522,256
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,583,777
Other Expenses $585,624
TOTAL EXPENSES $5,107,880

Year-over-Year Comparison

2023 2022 Change
Revenue $742,751 $15,927,655 -1.0%
Expenses $5,107,880 $4,707,531 +0.1%
Net Income $-4,365,129 $11,220,124 -1.4%
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

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Governance

Voting Members
6
Independent Members
2
Employees
N/A
Volunteers
253

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GILLIAN ZUCKER CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
JENNIFER LEWIS CHIEF LEGAL OFFICER 1.00
Officer Director
$0 $0 $0
CONNIE BALLMER DIRECTOR 1.00
Director
$0 $0 $0
DENISE BOOTH DIRECTOR 25.00
Director
$0 $0 $0
RAYMOND ORTEGASO DIRECTOR 1.00
Director
$0 $0 $0
BRANDT VAUGHAN DIRECTOR 1.00
Director
$0 $0 $0
ANGELA TRINDLE INTERIM CFO/TREASURER 1.00
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 $742,751 $5,107,880 $7,438,867 $-4,365,129
2023 $15,927,655 $4,707,531 $12,566,591 $11,220,124
2022 $420,171 $1,132,196 $751,239 $-712,025
2021 $3,468,997 $1,510,041 $1,269,800 $1,958,956
2020 $4,626,520 $6,042,712 $160,764 $-1,416,192
2019 $835,095 $6,130,192 $6,387,048 $-5,295,097
2018 $17,297,550 $13,858,273 $12,709,153 $3,439,277
2018 $17,297,550 $13,858,273 $12,709,153 $3,439,277
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