Santa Clara County Tobacco Securitization Corporation (EIN 208196689) - 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

2006

Legal Domicile

Principal Officer

Margaret Olaiya

Phone

4082995210

Tax Period

2024-07-01 to 2025-06-30

Santa Clara County Tobacco Securitization Corporation, founded in 2006, is a small nonprofit in the Public & Societal Benefit sector that reported $209K in total revenue in fiscal year 2024. Expenses of $17.0M exceeded revenue, resulting in a 8029% operating deficit.

Mission

The Organization was created for the benefit of the County of Santa Clara by helping to manage the risks related to future receipt of tobacco settlement payments (TSPs) and facilitate the efficient use of TSPs and thereby lessen the burdens of government.

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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 $165,285

Program Service Revenue $0

Investment Income $43,766

Other Revenue $0

TOTAL REVENUE $209,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,903,066

Other Expenses $16,994,513

TOTAL EXPENSES $16,994,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,051	$203,811	+0.0%
Expenses	$16,994,513	$16,044,340	+0.1%
Net Income	$-16,785,462	$-15,840,529	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Lorenz	Director	1.00	Director	$0	$0	$0
Tina Zhuo	Director	1.00	Director	$0	$0	$0
Curtis Boone	Secretary	1.00	Officer Director	$0	$0	$0
Julia Miller	Director/Chair	1.00	Officer Director	$0	$0	$0
Margaret Olaiya	CFO	3.00	Officer	$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	$209,051	$16,994,513	$1,055,158	$-16,785,462
2024	$203,811	$16,044,340	$942,627	$-15,840,529
2023	$180,205	$15,126,386	$836,902	$-14,946,181
2022	$151,881	$14,270,334	$766,190	$-14,118,453
2021	$146,913	$13,456,599	$688,020	$-13,309,686
2020	$148,689	$12,697,934	$642,780	$-12,549,245
2019	$147,093	$11,973,029	$574,065	$-11,825,936
2018	$137,908	$11,296,494	$504,343	$-11,158,586

Santa Clara County Tobacco Securitization Corporation