Palomar College Foundation (EIN 956094128) - 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

1959

Legal Domicile

Principal Officer

Stacy Rungaitis

Phone

7607441150

Tax Period

2025-01-01 to 2025-12-31

Palomar College Foundation, founded in 1959, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $34.0M represent 180 months of operating reserves.

Mission

THE PALOMAR COLLEGE FOUNDATION, WITH THE SUPPORT OF THE COMMUNITY, SECURES SUPPLEMENTAL FUNDING, OTHER RESOURCES, AND PROVIDES PROGRAM SUPPORT FOR THE BENEFIT OF PALOMAR COMMUNITY COLLEGE AND ITS 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 (2025)

Revenue Breakdown

Contributions & Grants $1,327,578

Program Service Revenue $0

Investment Income $795,982

Other Revenue $136,794

TOTAL REVENUE $2,260,354

Expense Breakdown

Grants Paid $1,179,297

Salaries & Benefits $36,013

Fundraising Expenses $35,409

Program Expenses $2,108,359

Other Expenses $1,051,976

TOTAL EXPENSES $2,267,286

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,260,354	$1,856,961	+0.2%
Expenses	$2,267,286	$1,926,607	+0.2%
Net Income	$-6,932	$-69,646	-0.9%

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
Stacy Rungaitis	Executive Director	40.00		$0	$41,811	$237,691
Linda Moynan	Development Manager	40.00		$0	$38,090	$179,546
Cathy Splett	Development Officer	40.00		$0	$26,061	$122,843
Kayla Kelsey	Foundation Accountant	40.00		$0	$24,227	$114,201
Richard Marks	Chairman	2.00	Officer Director	$0	$0	$0
Katie Johanski	Chair-Elect	2.00	Officer Director	$0	$0	$0
Li Tian Ph D	Secretary	2.00	Officer Director	$0	$0	$0
Tiffany Rosik	Treasurer	2.00	Officer Director	$0	$0	$0
Will Rivera	Past-Chair	1.00	Director	$0	$0	$0
Chakri Bokka	Director	1.00	Director	$0	$0	$0
Sheila Brown	Director	1.00	Director	$0	$0	$0
Luene Corwin Ph D	Director	1.00	Director	$0	$0	$0
Celia Garczewski	Director	1.00	Director	$0	$0	$0
Peggy Martin	Director	1.00	Director	$0	$0	$0
Sarah Richards	Director	1.00	Director	$0	$0	$0
Christine Spielmaker	Director	1.00	Director	$0	$0	$0
Dave Watt	Director	1.00	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	$2,260,354	$2,267,286	$33,998,351	$-6,932
2024	No data	No data	No data	No data
2023	$1,681,886	$1,047,021	$27,199,789	$634,865
2022	$12,040,496	$1,170,577	$24,083,180	$10,869,919
2021	$4,338,323	$945,650	$16,154,201	$3,392,673
2020	$3,195,141	$1,134,513	$11,810,754	$2,060,628
2019	$1,546,196	$1,365,495	$9,116,295	$180,701
2018	$2,578,552	$2,471,894	$7,978,665	$106,658

Palomar College Foundation