LOS ANGELES CITY COLLEGE 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

1968

Legal Domicile

Principal Officer

ROBERT SCHWARTZ

Phone

3239534011

Tax Period

2024-01-01 to 2024-12-31

LOS ANGELES CITY COLLEGE FOUNDATION, founded in 1968, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $54.6M represent 150 months of operating reserves.

Mission

WE ARE COMMITTED TO BREAKING THE CYCLE OF POVERTY AND CREATING PROGRAMS THAT DRIVE CHANGE. BY ADDRESSING STUDENTS' BASIC NEEDS, INCLUDING FOOD, HOUSING, UTILITIES, TRANSPORTATION, AND HEALTHCARE, WE ENABLE LOW-INCOME STUDENTS TO ENROLL, PERSIST, AND SUCCEED IN THEIR EDUCATION AT LOS ANGELES CITY COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $2,960,881 Revenue: $0

THE ORGANIZATION PROVIDED FUNDING FOR ACADEMIC DEPARTMENTS AT LACC AND STUDENT ENGAGMENT ON CAMPUS, INCLUDING SUPPORT FOR THE LACC FOOD PANTRY & FOOD HUB, AS WELL AS SUPPLIES FOR USE IN VARIOUS...

THE ORGANIZATION PROVIDED FUNDING FOR ACADEMIC DEPARTMENTS AT LACC AND STUDENT ENGAGMENT ON CAMPUS, INCLUDING SUPPORT FOR THE LACC FOOD PANTRY & FOOD HUB, AS WELL AS SUPPLIES FOR USE IN VARIOUS COLLEGE DEPARTMENTS.

Program 2

Expenses: $551,681 Revenue: $0

SCHOLARSHIPS- THE ORGANIZATION PROVIDED SCHOLARSHIPS TO QUALIFIED LACC 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 (2024)

Revenue Breakdown

Contributions & Grants $2,464,385

Program Service Revenue $0

Investment Income $1,857,463

Other Revenue $32,735

TOTAL REVENUE $4,354,583

Expense Breakdown

Grants Paid $1,658,100

Salaries & Benefits $979,117

Fundraising Expenses $5,066

Program Expenses $3,512,562

Other Expenses $1,779,618

TOTAL EXPENSES $4,416,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,354,583	$6,464,941	-0.3%
Expenses	$4,416,835	$3,850,743	+0.1%
Net Income	$-62,252	$2,614,198	-1.0%

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

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

$231,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SCHWARTZ	CHAIRMAN	6.00	Officer Director	$0	$0	$0
MARVIN HOFFMAN	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
C EDWARD DILKES	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT WINTERS	TREASURER	1.00	Officer Director	$0	$0	$0
DANNY CHAN	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
JULIE C STROMBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
NICK HALARIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN DANGERFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL G MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
FARIBA KALANTARI	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN HANSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
THEO KINGMA	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE HARRIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID RYU	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT REEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF ZARRINNAM	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JESSICA I SHAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
DJ MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX SWART	BOARD MEMBER	1.00	Director	$0	$0	$0
JERROD MCCLUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
BERJ TASHJIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA NASHUA	EXECUTIVE DIRECTOR	40.00	Officer	$225,000	$6,750	$231,750
DAREN LYNNE	DIR OF SPECIAL PROJECTS	40.00	Highest	$135,200	$7,960	$143,160

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
2024	$4,354,583	$4,416,835	$54,832,898	$-62,252
2023	$6,464,941	$3,850,743	$50,201,552	$2,614,198
2022	$9,718,306	$3,760,486	$41,421,918	$5,957,820
2021	$4,555,200	$3,108,552	$49,893,096	$1,446,648
2020	$2,409,797	$2,193,486	$40,206,985	$216,311
2019	$2,879,013	$2,746,877	$33,417,446	$132,136
2018	$4,343,942	$3,546,863	$25,884,124	$797,079