MIRACOSTA COLLEGE FOUNDATION (EIN 956151938) - 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

1967

Legal Domicile

Principal Officer

SHANNON STUBBLEFIELD

Phone

7607956832

Tax Period

2024-07-01 to 2025-06-30

MIRACOSTA COLLEGE FOUNDATION, founded in 1967, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $25.6M represent 124 months of operating reserves.

Mission

PROVIDE FINANCIAL SUPPORT FOR STUDENTS AND PROGRAMS, ACHIEVING EDUCATIONAL OPPORTUNITIES FOR ALL.THE FOUNDATION PARTNERS WITH GENEROUS COMMUNITY MEMBERS TO SUPPORT STUDENT SUCCESS AND INNOVATIVE PROGRAMS. WITH PHILANTHROPIC SUPPORT, STUDENTS HAVE THE RESOURCES TO EARN A DEGREE OR CERTIFICATE, COMPLETE THE FIRST TWO YEARS OF COLLEGE AND TRANSFER TO A FOUR-YEAR UNIVERSITY, AND TAKE CLASSES NEEDED TO ADVANCE THEIR CAREERS OR ACHIEVE LIFELONG LEARNING.

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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 $2,032,729

Program Service Revenue $0

Investment Income $444,669

Other Revenue $0

TOTAL REVENUE $2,477,398

Expense Breakdown

Grants Paid $1,068,211

Salaries & Benefits $342,415

Fundraising Expenses $0

Program Expenses $2,013,315

Other Expenses $1,002,426

TOTAL EXPENSES $2,413,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,477,398	$2,830,726	-0.1%
Expenses	$2,413,052	$3,036,477	-0.2%
Net Income	$64,346	$-205,751	-1.3%

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

$273,540

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY MUSSER	TREASURER	2.00	Officer Director	$0	$0	$0
JANICE KURTH	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN PEARSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HEMA CROCKETT	MEMBER	0.20	Director	$0	$0	$0
TIM SNODGRASS	MEMBER	0.10	Director	$0	$0	$0
SHARON WIBACK	MEMBER	0.10	Director	$0	$0	$0
ANTHONY SPANO	MEMBER	0.10	Director	$0	$0	$0
JIMMY FIGUEROA	MEMBER (TO JUNE)	0.10	Director	$0	$0	$0
VAL SAADAT	MEMBER	0.20	Director	$0	$0	$0
DOTTIE BENSON	MEMBER	0.10	Director	$0	$0	$0
DAVID MCGUIGAN	MEMBER	0.20	Director	$0	$0	$0
DENISE STILLINGER	MEMBER	0.10	Director	$0	$0	$0
JOSH MAZUR	MEMBER	0.10	Director	$0	$0	$0
MICHELLE GRAY	MEMBER	0.20	Director	$0	$0	$0
AMY MCNAMARA	MEMBER	0.10	Director	$0	$0	$0
ALMA FLORES	MEMBER	0.10	Director	$0	$0	$0
DIANE MILLS	MEMBER	0.10	Director	$0	$0	$0
MARK RICHARDS	MEMBER	0.10	Director	$0	$0	$0
NEIL MCCARTHY	MEMBER	0.10	Director	$0	$0	$0
SHANNON STUBBLEFIELD	EXECUTIVE DIRECTOR	2.00	Officer	$0	$43,178	$273,540
TORI FISHINGER	ASSOCIATE DIRECTOR	2.00	Highest	$0	$30,069	$153,639

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	$2,477,398	$2,413,052	$25,742,340	$64,346
2024	No data	No data	No data	No data
2023	$1,622,583	$1,919,630	$21,321,169	$-297,047
2022	$1,515,060	$1,648,052	$20,259,618	$-132,992
2021	$1,720,614	$1,307,765	$23,001,360	$412,849
2020	$2,448,974	$1,780,369	$18,130,295	$668,605
2019	$5,967,648	$1,530,944	$16,933,865	$4,436,704
2018	$1,504,616	$1,508,364	$11,856,039	$-3,748

MIRACOSTA COLLEGE FOUNDATION