Chula Vista Elementary School Dist… - Form 990 Financial Data

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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

2000

Legal Domicile

Phone

6194259600

Tax Period

2023-07-01 to 2024-06-30

Chula Vista Elementary School District Public Facilities Financing Corporation, founded in 2000, is a mid-sized nonprofit that reported $15.5M in total revenue in fiscal year 2023. Expenses of $20.1M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE ASSISTANCE TO THE CHULA VISTA ELEMENTARY SCHOOL DISTRICT, BY, AMONG OTHER METHODS, ACQUIRING, LEASING, CONSTRUCTING OR FINANCING VARIOUS PUBLIC FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $20,109,596

ALL OF THE CORPORATION'S TIME AND RESOURCES ARE DEVOTED TO LEASING PROPERTY FROM, AND LEASING PROPERTY TO, THE CHULA VISTA ELEMENTARY SCHOOL DISTRICT THE CORPORATE ACTIVITY. THE CORPORATE ACTIVITY...

ALL OF THE CORPORATION'S TIME AND RESOURCES ARE DEVOTED TO LEASING PROPERTY FROM, AND LEASING PROPERTY TO, THE CHULA VISTA ELEMENTARY SCHOOL DISTRICT THE CORPORATE ACTIVITY. THE CORPORATE ACTIVITY WAS INITIATED ON OR ABOUT OCTOBER 12, 2000. THE CORPORATE ACTIVITY FURTHERS THE CORPORATION'S EXEMPT PURPOSE BY ENABLING THE CHULA VISTA ELEMENTARY SCHOOL DISTRICT THE DISTRICT TO ENGAGE IN CAPITAL FINANCING TRANSACTIONS IN ORDER TO PROVIDE FACILITIES FOR THE PUBLIC EDUCATIONAL MISSION OF THE DISTRICT. THE CORPORATE ACTIVITY IS CONDUCTED WITHIN THE GEOGRAPHICAL BOUNDARIES OF THE DISTRICT THROUGH THE BOARD OF DIRECTORS AND OFFICERS OF THE CORPORATION.

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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 $0

Program Service Revenue $15,514,028

Investment Income $31,380

Other Revenue $0

TOTAL REVENUE $15,545,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,109,596

Other Expenses $20,109,596

TOTAL EXPENSES $20,109,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,545,408	$15,920,367	0.0%
Expenses	$20,109,596	$16,507,838	+0.2%
Net Income	$-4,564,188	$-587,471	+6.8%

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

$221,453

Total Directors

$287,434

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eduardo Reyes EdD	Director	1.00	Director	$0	$0	$244,782
Oscar Esquivel	President	1.00	Officer	$0	$0	$221,453
Francisco Tamayo	Director	1.00	Director	$0	$0	$8,662
Cesar Fernandez	Director	1.00	Director	$0	$0	$8,662
Lucy M Ugarte	Director	1.00	Director	$0	$0	$8,662
Delia Dominguez Cervantes	Director	1.00	Director	$0	$0	$8,662
Leslie Ray Bunker	Director	1.00	Director	$0	$0	$7,957
Kate Bishop	Director	1.00	Director	$0	$0	$47
JOSE F ESCOBEDO	FORMER SUPERINTENDENT	1.00		$0	$0	$0
LESLIE BUNKER	FORMER DIRECTOR	1.00		$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	$15,545,408	$20,109,596	$25,022	$-4,564,188
2023	$15,920,367	$16,507,838	$4,589,210	$-587,471
2022	$18,152,591	$12,975,915	$5,176,681	$5,176,676
2021	$14,878,733	$14,878,793	$5	$-60
2020	$13,951,315	$13,951,349	$65	$-34
2019	$14,288,964	$19,765,309	$99	$-5,476,345

Chula Vista Elementary School District Public Facilities Financing Corporation