SAN LUIS OBISPO CAREER TECHNICAL EDUCATION FOUNDATION (EIN 201405868) - 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

2020

Legal Domicile

Principal Officer

MELISSA ABBEY

Phone

8057827211

Tax Period

2023-07-01 to 2024-06-30

SAN LUIS OBISPO CAREER TECHNICAL EDUCATION FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $768K in total revenue in fiscal year 2023. Revenue surged 7578% from the prior year, signaling strong growth momentum. The organization ran a surplus of $681K, a strong 89% operating margin.

Mission

SUPPORT OF ARTS AND CAREER TECHNICAL EDUCATION 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 $760,000

Program Service Revenue $0

Investment Income $8,273

Other Revenue $0

TOTAL REVENUE $768,273

Expense Breakdown

Grants Paid $77,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,331

Other Expenses $9,431

TOTAL EXPENSES $87,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$768,273	$10,006	+75.8%
Expenses	$87,331	$27,014	+2.2%
Net Income	$680,942	$-17,008	-41.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES J BRESCIA	President	10.00	Officer Director	$0	$0	$0
MICHAEL SPECCHIERLA	Vice President	10.00	Officer Director	$0	$0	$0
MELISSA ABBEY	Treasurer	10.00	Officer Director	$0	$0	$0
VALERIE KRASKEY	Secretary	10.00	Officer Director	$0	$0	$0
BRIAN ALHADEFF	Director	10.00	Director	$0	$0	$0
AMY KARDEL	Director	10.00	Director	$0	$0	$0
CORY KARPIN	Director	10.00	Director	$0	$0	$0
DAN WEEKS	Director	10.00	Director	$0	$0	$0
JOE DOYLAND	Director	10.00	Director	$0	$0	$0
TALIA PHILLIPS-ORTEGA	Director	10.00	Director	$0	$0	$0
RON YUKELSON	Director	10.00	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	$768,273	$87,331	$1,024,879	$680,942
2023	$10,006	$27,014	$343,937	$-17,008
2022	$217,279	$61,367	$360,945	$155,912

SAN LUIS OBISPO CAREER TECHNICAL EDUCATION FOUNDATION