DAVID X MARKS 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

1952

Legal Domicile

Principal Officer

STEPHEN DEL GUERCIO

Phone

2138211900

Tax Period

2022-11-01 to 2023-10-31

DAVID X MARKS FOUNDATION, founded in 1952, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $586K, a strong 19% operating margin.

Mission

THIS CORPORATION IS FORMED FOR THE PURPOSE OF BENEFITING THE UNIVERSITY OF SOUTHERN CALIFORNIA AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $2,549,009

SUPPORT ORGANIZATION OF THE UNIVERSITY OF SOUTHERN CALIFORNIA, CONTRIBUTIONS FOR THE YEAR ENDED 10/31/2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,144,990

Other Revenue $0

TOTAL REVENUE $3,144,990

Expense Breakdown

Grants Paid $2,549,009

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,549,009

Other Expenses $10,000

TOTAL EXPENSES $2,559,009

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,144,990	$3,318,158	-0.1%
Expenses	$2,559,009	$1,641,600	+0.6%
Net Income	$585,981	$1,676,558	-0.7%

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

N/A

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

$10,415,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES STATEN until 12023	DIRECTOR	0.25	Director	$0	$78,971	$1,995,159
CAROL FOLT until 112722	DIRECTOR	0.25	Director	$0	$954,495	$4,628,109
MIKE BOHN until 51923	DIRECTOR	0.25	Director	$0	$69,097	$2,125,199
JAMES EDDY II until 12622	PRESIDENT / DIRECTOR	0.25	Officer Director	$0	$0	$0
STEPHEN DEL GUERCIO	SEC / TREAS / PRES / DIRECTOR	0.25	Officer Director	$0	$0	$0
BRUCE FURNISS	VICE PRES / SEC / DIRECTOR	0.25	Officer Director	$0	$0	$0
SUZANNE NORA JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
ERIK BRINK as of 72623	DIRECTOR	0.25	Director	$0	$101,538	$798,824
DAVID WRIGHT as of 112822	DIRECTOR	0.25	Director	$0	$61,228	$868,231
JENNIFER COHEN as of 82123	DIRECTOR	0.25	Director	$0	$0	$0
JAMES EDDY III as of 12622	TREAS / DIRECTOR	0.25	Officer 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
2023	$3,144,990	$2,559,009	$30,847,931	$585,981
2022	$3,318,158	$1,641,600	$31,815,168	$1,676,558
2021	$2,367,982	$1,534,723	$37,421,091	$833,259
2020	$1,862,756	$1,619,000	$27,576,989	$243,756