MISSION ASSET FUND

EIN: 208993652 501(c)(3) Community Improvement

SAN FRANCISCO, CA

Total Revenue
$9,705,660
Total Expenses
$12,709,815
Total Assets
$26,969,177
Net Assets
$25,152,999
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
Principal Officer
JOSE QUINONEZ
Phone
8882744808
Tax Period
2024-01-01 to 2024-12-31

MISSION ASSET FUND, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $9.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $12.7M exceeded revenue, resulting in a 31% operating deficit.

Mission

HELPING PEOPLE BECOME VISIBLE, ACTIVE, AND SUCCESSFUL IN THEIR FINANCIAL LIVES BY EXPANDING ACCESS TO RESPONSIBLE FINANCIAL PRODUCTS FOR LOW-INCOME AND IMMIGRANT COMMUNITIES.

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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 $8,472,081
Program Service Revenue $273,393
Investment Income $954,994
Other Revenue $5,192
TOTAL REVENUE $9,705,660

Expense Breakdown

Grants Paid $3,390,073
Salaries & Benefits $6,149,172
Fundraising Expenses $494,234
Program Expenses $11,123,928
Other Expenses $3,170,570
TOTAL EXPENSES $12,709,815

Year-over-Year Comparison

2024 2023 Change
Revenue $9,705,660 $8,886,025 +0.1%
Expenses $12,709,815 $20,173,222 -0.4%
Net Income $-3,004,155 $-11,287,197 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
43
Volunteers
14

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
$953,038
Total Directors
11
$0
Key Employees
1
$233,396
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE KRIMM BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
ELIZABETH IRONS SEEM BOARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
STEPHAN WALDSTROM BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
SAGAR SHAH BOARD TREASURER 1.00
Officer Director
$0 $0 $0
JORGE BLANDON BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA ISSAR BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL LAU BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA LEGGETT BOARD MEMBER 1.00
Director
$0 $0 $0
ASH MCNEELY BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA STUHLDREHER BOARD MEMBER 1.00
Director
$0 $0 $0
SALVADOR TORRES BOARD MEMBER 1.00
Director
$0 $0 $0
JOSE QUINONEZ FOUNDER & CEO 40.00
Officer
$346,853 $51,348 $398,201
DANIELA SALAS CO-FOUNDER & COO 40.00
Officer
$320,721 $56,240 $376,961
MACKENZIE GARCIA-FAZENBAKER FINANCE & COMPLIANCE DIRECTOR 40.00
Officer
$142,268 $35,608 $177,876
JOANNA CORTEZ HERNANDEZ CHIEF INNOVATIONS OFFICER 40.00
Key Emp
$209,230 $24,166 $233,396
HELENA SANCHEZ-SILVA GARIJO PROGRAMS DIRECTOR 40.00
Highest
$166,142 $21,931 $188,073
DORIS VASQUEZ CLAVEL PROGRAMS MANAGER 40.00
Highest
$150,138 $30,348 $180,486
ARVIND BALA R&D DIRECTOR 40.00
Highest
$157,412 $19,575 $176,987
EFRAIN SEGUNDO PARTNERSHIPS DIRECTOR 40.00
Highest
$146,590 $21,026 $167,616
JENNIFER BROOKS FOUNDER & CEO - THE NURTURE BUSINESS 40.00
Highest
$153,883 $7,869 $161,752
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 $9,705,660 $12,709,815 $26,969,177 $-3,004,155
2023 $8,886,025 $20,173,222 $31,396,965 $-11,287,197
2023 $8,886,025 $20,173,222 $31,396,965 $-11,287,197
2022 $9,021,043 $20,000,045 $43,085,680 $-10,979,002
2021 $57,826,731 $21,709,114 $54,523,090 $36,117,617
2020 $41,604,479 $33,416,819 $17,787,866 $8,187,660
2019 $5,786,910 $4,239,628 $8,409,942 $1,547,282
2018 $5,680,938 $4,471,951 $6,982,429 $1,208,987
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