LOS ALAMITOS PUBLIC FACILITIES CORP

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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

CHET SIMMONS

Phone

5624313538

Tax Period

2024-07-01 to 2025-06-30

LOS ALAMITOS PUBLIC FACILITIES CORP, founded in 2006, is a small nonprofit that reported $115K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

LOS ALAMITOS PUBLIC FACILITIES CORPORATION WAS SET UP TO ASSIST THE CITY OF LOS ALAMITOS (A CHARTER CITY) IN FINANCING THE ACQUISITION, CONSTRUCTION AND IMPROVEMENT FOR PUBLIC BENEFIT WITHIN THE CITY LIMITS.

Program Service Accomplishments

Program 1

Expenses: $116,819 Revenue: $115,000

THE PUBLIC FACILITIES CORPORATION (A BLENDED COMPONENT UNIT OF THE CITY OF LOS ALAMITOS) WAS FORMED 02/06/2006 PURSUANT TO THE NON-PROFIT CORPORATION LAWS OF THE STATE OF CALIFORNIA. ITS PURPOSE IS TO ASSIST THE CITY IN FINANCING THE ACQUISITION, CONSTRUCTION AND IMPROVEMENT FOR PUBLIC BENEFIT WITHIN THE CITY LIMITS.A SERIES 2006 CERTIFICATE OF PARTICIPATION LOAN OF $3,365,000 WAS REFINANCED IN SEPTEMBER 2015. THE NEW 2015 CERTIFICATE OF PARTICIPATION LOAN OF $3,685,000 WAS FINANCED THROUGH THE PUBLIC FACILITIES CORPORATION AND IS BEING REPAID ANNUALLY.

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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 $0

Investment Income $115,000

Other Revenue $0

TOTAL REVENUE $115,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,819

Other Expenses $118,275

TOTAL EXPENSES $118,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,000	$126,500	-0.1%
Expenses	$118,275	$123,843	0.0%
Net Income	$-3,275	$2,657	-2.2%

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

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
SHELLEY HASSELBRINK	MAYOR	0.10	Director	$0	$0	$0
TANYA DOBY	MAYOR PRO TEM	0.10	Director	$0	$0	$0
EMILY HIBARD	DIR, CNCL MEMBER	0.10	Director	$0	$0	$0
GARY LOE	DIR, CNCL MEMBER	0.10	Director	$0	$0	$0
JORDAN NEFULDA	DIR, CNCL MEMBER	0.10	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	$115,000	$118,275	$2,994,292	$-3,275
2024	$126,500	$123,843	$3,084,896	$2,657
2023	$130,500	$126,517	$3,167,239	$3,983
2022	$133,500	$130,494	$3,248,255	$3,006
2021	$133,594	$133,594	$3,325,249	No data
2020	$133,082	$136,523	$3,400,249	$-3,441
2019	$135,163	$138,794	$3,478,691	$-3,631
2018	$147,213	$357,484	$3,586,864	$-210,271