MBX FOUNDATION INC (EIN 020603467) - 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

2002

Legal Domicile

Principal Officer

PAUL HOFFMAN

Phone

3105458822

Tax Period

2023-01-01 to 2023-12-31

MBX FOUNDATION INC, founded in 2002, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2023.

Mission

TO PROVIDE AND SUPPORT ACADEMIC, EDUCATIONAL, MUSICAL, ATHLETIC AND CO-CURRICULAR PROGRAMS ESTABLISHED FOR AND IN SUPPORT OF THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT IN MANHATTAN BEACH, CALIFORNIA. THE CORPORATION SHALL ALSO SOLICIT VOLUNTEERS AND RAISE FUNDS TO FURTHER THESE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,892,577

Program Service Revenue $1,520,569

Investment Income $111,791

Other Revenue $1,445,742

TOTAL REVENUE $4,970,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,503

Fundraising Expenses $0

Program Expenses $4,572,176

Other Expenses $4,412,854

TOTAL EXPENSES $5,026,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,970,679	$4,651,808	+0.1%
Expenses	$5,026,357	$4,461,851	+0.1%
Net Income	$-55,678	$189,957	-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

106

Volunteers

300

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA BARKER	DIRECTOR	5.00	Director	$0	$0	$0
BILL FOURNELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
BONNIE DARROW	DIRECTOR	5.00	Director	$0	$0	$0
CAROLYN MUKAI	SECRETARY	10.00	Officer Director	$0	$0	$0
JENNIFER COCHRAN	DIRECTOR	5.00	Director	$0	$0	$0
PAUL HOFFMAN	TREASURER	10.00	Officer Director	$0	$0	$0
NICOLE TANG	DIRECTOR	5.00	Director	$0	$0	$0
PENNIE STEPCYZK	BOOSTER ADVISORY BOARD PRESIDENT	10.00	Officer Director	$0	$0	$0
PIP COYNE	DIRECTOR	10.00	Director	$0	$0	$0
HEATHER INTERIAN	EXECUTIVE DIRECTOR	40.00	Highest	$103,577	$3,192	$106,769

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	No data	No data	No data	No data
2023	$4,970,679	$5,026,357	$4,112,901	$-55,678
2022	$4,651,808	$4,461,851	$4,101,432	$189,957
2021	$3,883,415	$2,462,256	$3,860,266	$1,421,159
2020	$-346,023	$383,254	$2,624,409	$-729,277
2019	$694,229	$283,799	$3,182,885	$410,430
2018	$437,155	$721,543	$2,767,386	$-284,388

MBX FOUNDATION INC