INLAND EMPIRE PUBLIC FACILITIES CO… - 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

1986

Legal Domicile

Principal Officer

LYNNA MONELL

Phone

9093868717

Tax Period

2023-07-01 to 2024-06-30

INLAND EMPIRE PUBLIC FACILITIES CORP, founded in 1986, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $8.6M exceeded revenue, resulting in a 28% operating deficit.

Mission

FINANCING, REFINANCING, ACQUIRING, CONSTRUCTING, IMPROVING AND LEASING CAPITAL IMPROVEMENT PROJECTS FOR THE BENEFIT OF THE COUNTY OF SAN BERNARDINO.

Program Service Accomplishments

Program 1

Expenses: $8,584,659 Revenue: $6,677,275

MEDICAL CENTER PROJECT FINANCED THE CONSTRUCTION OF THE REPLACEMENT, COUNTY MEDICAL CENTER. THE PROJECT CONSISTED OF A HOSPITAL TO BE CONSTRUCTED ON THE SITE AND HOSPITAL EQUIPMENT.

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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 $6,677,275

Investment Income $22,207

Other Revenue $0

TOTAL REVENUE $6,699,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,584,659

Other Expenses $8,584,659

TOTAL EXPENSES $8,584,659

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,699,482	$8,078,021	-0.2%
Expenses	$8,584,659	$10,043,300	-0.1%
Net Income	$-1,885,177	$-1,965,279	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

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

$730,480

Total Directors

$1,545,890

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE BACA JR	DISTRICT SUPERVISOR	4.00	Director	$0	$100,472	$327,443
CURT HAGMAN	DISTRICT SUPERVISOR	4.00	Director	$0	$95,727	$320,624
DAWN ROWE	DISTRICT SUPERVISOR	4.00	Director	$0	$72,834	$302,065
PAUL COOK	DISTRICT SUPERVISOR	4.00	Director	$0	$78,514	$304,780
JESSE ARMENDAREZ	DISTRICT SUPERVISOR	4.00	Director	$0	$82,332	$290,978
MATTHEW ERICKSON	CFO	4.00	Officer	$0	$148,104	$447,101
LYNNA MONELL	CLERK OF THE BOARD OF SUPE	4.00	Officer	$0	$87,231	$283,379

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	$6,699,482	$8,584,659	$155,178,258	$-1,885,177
2023	$8,078,021	$10,043,300	$191,689,141	$-1,965,279
2022	$9,352,202	$12,237,679	$227,201,820	$-2,885,477
2021	$10,603,054	$13,177,834	$261,437,273	$-2,574,780
2020	$4,793,651	$20,979,288	$294,352,781	$-16,185,637
2019	$22,639,115	$19,752,304	$373,894,413	$2,886,811
2018	$24,255,424	$21,034,367	$396,429,816	$3,221,057

INLAND EMPIRE PUBLIC FACILITIES CORP