LOS ANGELES CITY COLLEGE FOUNDATION

EIN: 956207819 501(c)(3) Education

LOS ANGELES, CA

Total Revenue
$4,354,583
Total Expenses
$4,416,835
Total Assets
$54,832,898
Net Assets
$54,612,756
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
CA
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

TO DEVELOP PHILANTHROPIC SUPPORT FOR THE STUDENTS OF LOS ANGELES CITY COLLEGE (LACC).

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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%)

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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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Governance

Voting Members
22
Independent Members
22
Employees
14
Volunteers
27

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
7
$231,750
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
1
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
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