SONOMA STATE UNIVERSITY 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

1974

Legal Domicile

Principal Officer

AMANDA VISSER

Phone

7076643251

Tax Period

2023-07-01 to 2024-06-30

SONOMA STATE UNIVERSITY FOUNDATION, founded in 1974, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE FOUNDATION'S PRINCIPAL MISSION IS TO RECEIVE AND ADMINISTER ENDOWMENT GIFTS AND PLANNED GIVING THAT ENHANCE AND PROMOTE SONOMA STATE UNIVERSITY'S EDUCATIONAL MISSION. THE ACTIVITIES OF THE FOUNDATION ARE DIRECTED BY A BOARD OF COMMUNITY, STUDENT, FACULTY AND ADMINISTRATIVE REPRESENTATIVES. THE FOUNDATION IS A CALIFORNIA STATE UNIVERSITY AUXILIARY ORGANIZATION, AS DEFINED IN TITLE 5 OF THE CALIFORNIA CODE OF REGULATIONS.

Program Service Accomplishments

Program 1

Expenses: $3,748,478

CAMPUS AND SCHOLARSHIP PROGRAMS PROVIDE SUPPORT TO THE UNIVERSITY FOR STUDENTS AND PROGRAMS ALONG WITH ACTIVITIES RELATING TO INSTRUCTIONAL AND STUDENT ENRICHMENT.

Program 2

Revenue: $79,027

SPECIAL PROGRAMS ASSOCIATED PRIMARILY WITH ACADEMIC SUPPORT, STUDENT SERVICES AND INSTITUTIONAL SUPPORT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,338,109

Program Service Revenue $79,027

Investment Income $2,251,162

Other Revenue $-26,633

TOTAL REVENUE $3,641,665

Expense Breakdown

Grants Paid $3,748,478

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,748,478

Other Expenses $444,719

TOTAL EXPENSES $4,193,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,641,665	$7,017,403	-0.5%
Expenses	$4,193,197	$5,383,108	-0.2%
Net Income	$-551,532	$1,634,295	-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

N/A

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

$786,443

Total Directors

$1,885,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID FELTE	CHAIR	5.00	Officer Director	$0	$0	$0
DR MARIO A PEREZ	CHIEF EXECUTIVE OFFICER	10.00	Officer Director	$0	$74,457	$313,089
IAN HANNAH	CHIEF OPERATING OFFICER &	10.00	Officer Director	$0	$66,355	$239,011
AMANDA VISSER	CHIEF FINANCIAL OFFICER	10.00	Officer Director	$0	$64,807	$234,343
TOM ISAAK	BOARD VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DR ANDREA NEVES	DIRECTOR	1.00	Director	$0	$0	$0
DR FRANK CHONG	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH HUANG	DIRECTOR	1.00	Director	$0	$0	$0
ANITA CHRISTMAS	DIRECTOR	1.00	Director	$0	$0	$0
MARCELA PIEDRA	DIRECTOR	1.00	Director	$0	$0	$0
ALI POURGHADIR	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
CASSANDRA GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR FRICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRENT THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS SARACCO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT U'REN	DIRECTOR	1.00	Director	$0	$0	$0
RANDY PENNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIGITTE LAHME	DIRECTOR	1.00	Director	$0	$46,784	$171,239
MONIR AHMED	DIRECTOR	1.00	Director	$0	$72,872	$331,502
ERNESTO OLIVARES	DIRECTOR	1.00	Director	$0	$0	$0
MARASKESHIA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MING-TUNG MIKE LEE	DIRECTOR	1.00	Director	$0	$143,649	$596,050

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	$3,641,665	$4,193,197	$72,662,140	$-551,532
2023	$7,017,403	$5,383,108	$68,350,668	$1,634,295
2022	$11,852,878	$3,998,564	$64,469,911	$7,854,314
2021	$10,158,820	$3,213,557	$66,635,911	$6,945,263
2020	$5,138,612	$4,277,138	$51,195,407	$861,474
2019	$5,279,285	$2,892,939	$50,697,110	$2,386,346