County of Riverside Asset Leasing Corporation CORAL (EIN 330017859) - 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

1983

Legal Domicile

Principal Officer

Chuck Washington

Phone

9519551489

Tax Period

2023-07-01 to 2024-06-30

County of Riverside Asset Leasing Corporation CORAL, founded in 1983, is a mid-sized nonprofit that reported $20.3M in total revenue in fiscal year 2023. Expenses of $19.3M left a modest 5% surplus.

Mission

TO ASSIST THE COUNTY OF RIVERSIDE BY ACQUIRING EQUIPMENT AND FACILITIES FINANCED FROM THE PROCEEDS OF BORROWINGS AND LEASING SUCH EQUIPMENT AND FACILITIES TO THE COUNTY.

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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 $19,121,156

Investment Income $1,176,380

Other Revenue $0

TOTAL REVENUE $20,297,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,223,309

Other Expenses $19,275,977

TOTAL EXPENSES $19,275,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,297,536	$20,976,216	0.0%
Expenses	$19,275,977	$19,996,847	0.0%
Net Income	$1,021,559	$979,369	+0.0%

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
V Manuel Perez	Secretary	1.00	Officer Director	$0	$0	$0
Karen Spiegel	Member	1.00	Director	$0	$0	$0
Kevin Jeffries	Treasurer	1.00	Officer Director	$0	$0	$0
Chuck Washington	President	1.00	Officer Director	$0	$0	$0
Yxstian Gutierrez	Member	1.00	Director	$0	$0	$0
Don Kent	Chief Finance	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	No data	No data	No data	No data
2024	$20,297,536	$19,275,977	$71,090,335	$1,021,559
2023	$20,976,216	$19,996,847	$87,074,698	$979,369
2022	$10,296,082	$7,941,087	$102,420,340	$2,354,995
2021	$18,501,020	$15,676,391	$424,339,421	$2,824,629
2020	$19,233,290	$19,779,629	$464,380,640	$-546,339
2019	$21,462,670	$19,201,161	$497,886,951	$2,261,509
2018	$27,719,629	$21,547,885	$530,207,411	$6,171,744

County of Riverside Asset Leasing Corporation CORAL