CALIFORNIA STATE UNIVERSITY NORTHR… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

NICHOLE IPACH

Phone

8186774657

Tax Period

2022-07-01 to 2023-06-30

CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $27.2M in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5.6M, a strong 20% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT AND ENHANCE THE VISION, MISSION AND VALUES OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE BY RAISING, INVESTING, AND MANAGING PRIVATE PHILANTHROPIC GIFTS TO BENEFIT THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $18,591,718 Revenue: $1,523,715

CALIFORNIA STATE UNIVERSITY, NORTHRIDGE FOUNDATION (THE FOUNDATION) SERVES AS AN AUXILIARY ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE WITH A GOAL OF FURTHERING THE PURPOSES AND...

CALIFORNIA STATE UNIVERSITY, NORTHRIDGE FOUNDATION (THE FOUNDATION) SERVES AS AN AUXILIARY ORGANIZATION TO CALIFORNIA STATE UNIVERSITY, NORTHRIDGE WITH A GOAL OF FURTHERING THE PURPOSES AND OBJECTIVES OF THE UNIVERSITY. THE FOUNDATION'S MAIN FUNCTION IS TO ADMINISTER THE RECEIPT AND DISBURSEMENT OF GIFTS, GRANTS, BEQUESTS, AND TRUSTS FROM VARIOUS DONORS TO DIFFERENT DEPARTMENTS OF THE UNIVERSITY. THE FOUNDATION ALSO ASSISTS THE UNIVERSITY IN VARIOUS ACTIVITIES, INCLUDING ACCUMULATION AND MANAGING OF LIFE INCOME, ANNUITY AND STUDENT SCHOLARSHIP FUNDS, AND ADMINISTERING FUNDS FOR VARIOUS EDUCATIONAL RELATED FUNCTIONS, SPECIAL PROGRAMS, AND OTHER ACTIVITIES.

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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 $18,592,074

Program Service Revenue $1,403,038

Investment Income $7,096,986

Other Revenue $116,070

TOTAL REVENUE $27,208,168

Expense Breakdown

Grants Paid $5,297,708

Salaries & Benefits $0

Fundraising Expenses $994,378

Program Expenses $18,591,718

Other Expenses $16,359,734

TOTAL EXPENSES $21,657,442

Year-over-Year Comparison

	2022	2021	Change
Revenue	$27,208,168	$53,911,038	-0.5%
Expenses	$21,657,442	$14,877,538	+0.5%
Net Income	$5,550,726	$39,033,500	-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

$590,980

Total Directors

$2,316,115

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA D BECK	DIRECTOR	3.00	Director	$0	$71,945	$561,265
MARY BETH WALKER	DIRECTOR (UNTIL 12/22)	1.00	Director	$0	$64,969	$391,261
COLIN J DONAHUE	DIRECTOR	2.00	Director	$0	$114,911	$410,397
NICHOLE IPACH	PRESIDENT	10.00	Officer Director	$0	$88,956	$348,375
MICHAEL G NEUBAUER	DIRECTOR (FACULTY REPRESENTATIVE)	1.00	Director	$0	$72,088	$242,212
IRA N UNTERMAN	CHIEF FINANCIAL OFFICER/SECRETARY	15.00	Officer Director	$0	$78,307	$242,605
WENDY J GREUEL	DIRECTOR	2.00	Director	$0	$0	$120,000
ROBERT D TAYLOR	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
ROBERT M MYMAN	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
ALAN I ABRAMSON	DIRECTOR	1.00	Director	$0	$0	$0
HONEY K AMADO	DIRECTOR	1.00	Director	$0	$0	$0
KAREN I BOYD	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA S CONLAN	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE S CUTLER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS J DEYOUNG	DIRECTOR	2.00	Director	$0	$0	$0
JOHN J HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
RUTH A HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
PAUL S JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
MEERA KOMARRAJU	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE S LEIS	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA G LEVY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA A MALONEY	DIRECTOR	1.00	Director	$0	$0	$0
DIANE S MANZELLA	DIRECTOR	1.00	Director	$0	$0	$0
SHAYAN MOSHTAEL	DIRECTOR (STUDENT REPRESENTATIVE)	1.00	Director	$0	$0	$0
PRISCILLA A MOYER	DIRECTOR	1.00	Director	$0	$0	$0
KAITLYN N OROZCO	DIRECTOR (STUDENT REPRESENTATIVE)	1.00	Director	$0	$0	$0
CARSON E SCHREIBER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD H SCHWEITZER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN N SINNEMA	DIRECTOR	2.00	Director	$0	$0	$0
MILTON G VALERA	DIRECTOR	1.00	Director	$0	$0	$0
STUART T WALDMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH E WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT J WEISS	DIRECTOR (UNTIL 3/23)	1.00	Director	$0	$0	$0
IRVING ZAKHEIM	DIRECTOR	1.00	Director	$0	$0	$0
SUSANA M ZIARATI	DIRECTOR	1.00	Director	$0	$0	$0
RAVI K SAWHNEY	DIRECTOR (UNTIL 2/23)	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$27,208,168	$21,657,442	$333,939,822	$5,550,726
2022	$53,911,038	$14,877,538	$308,403,163	$39,033,500
2021	$70,202,583	$11,825,308	$300,894,352	$58,377,275
2020	$20,144,770	$13,792,713	$204,700,858	$6,352,057
2019	$19,777,385	$14,168,533	$197,306,529	$5,608,852
2018	$44,836,257	$15,532,525	$184,736,717	$29,303,732

CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION