ALAMEDA COUNTY TOBACCO ASSET SECURITIZATION CORPORATION (EIN 300033960) - 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

2001

Legal Domicile

Phone

5102726565

Tax Period

2024-07-01 to 2025-06-30

ALAMEDA COUNTY TOBACCO ASSET SECURITIZATION CORPORATION, founded in 2001, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $15.1M in total revenue in fiscal year 2024. Expenses of $20.0M exceeded revenue, resulting in a 32% operating deficit.

Mission

To assist County of Alameda, California to securitize amounts due the County from the future receipts of tobacco settlement proceeds.

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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 $0

Program Service Revenue $13,884,501

Investment Income $1,231,542

Other Revenue $0

TOTAL REVENUE $15,116,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,971,537

Other Expenses $19,980,355

TOTAL EXPENSES $19,980,355

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,116,043	$15,563,294	0.0%
Expenses	$19,980,355	$19,624,187	+0.0%
Net Income	$-4,864,312	$-4,060,893	+0.2%

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
Elisa Marquez	Board member	1.00	Director	$0	$0	$0
Lena Tam	Board Member	1.00	Director	$0	$0	$0
Nathan Miley	Board Member	1.00	Director	$0	$0	$0
David Haubert	Chairperson	1.00	Officer	$0	$0	$0
Melissa Wilk	CFO	1.00	Officer	$0	$0	$0
Britney Davis	Secretary	1.00	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	$15,116,043	$19,980,355	$19,071,494	$-4,864,312
2024	No data	No data	No data	No data
2023	$17,205,429	$19,396,475	$19,313,026	$-2,191,046
2022	$18,590,063	$19,264,036	$19,768,611	$-673,973
2021	$17,739,126	$19,045,191	$20,220,562	$-1,306,065
2020	$15,683,888	$18,818,633	$19,562,592	$-3,134,745
2019	$16,289,888	$18,591,219	$20,414,788	$-2,301,331
2018	$16,454,156	$18,403,598	$20,624,921	$-1,949,442

ALAMEDA COUNTY TOBACCO ASSET SECURITIZATION CORPORATION