THE ELLIOTT FAMILY FOUNDATION C/O KIMBERLY E STORSTAD

EIN: 330347798 501(c)(3)

NEWPORT BEACH, CA

Total Revenue
$137,826
Total Expenses
$2,461,302
Total Assets
N/A
Net Assets
N/A
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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
1988
Legal Domicile
CA
Principal Officer
CHRISTINE ELLIOTT-ARMSTRO
Phone
7145403430
Tax Period
2018-01-01 to 2018-12-31

THE ELLIOTT FAMILY FOUNDATION C/O KIMBERLY E STORSTAD, founded in 1988, is a small nonprofit that reported $138K in total revenue in fiscal year 2018. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 1686% operating deficit.

Mission

THE FOUNDATION WAS ESTABLISHED TO PROVIDE SUPPORT OR BENEFIT THE FOLLOWING ORGANIZATIONS, PURSUANT TO THE ARTICLES OF INCORPORATION: THE UCI FOUNDATION, HOAG HOSPITAL FOUNDATION, AND THE ORANGE COUNTY COMMUNITY FOUNDATION. THE DETERMINATION OF THE AMOUNT OF FUNDING TO APPLY TO THE ABOVE ORGANIZATIONS IS AT THE SOLE DISCRETION OF THE BOARD OF DIRECTORS OF THE FOUNDATION, IN ACCORDANCE WITH THE ARTICLES OF INCORPORATION.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $137,826
Other Revenue $0
TOTAL REVENUE $137,826

Expense Breakdown

Grants Paid $2,414,889
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,414,889
Other Expenses $46,413
TOTAL EXPENSES $2,461,302

Year-over-Year Comparison

2018 2017 Change
Revenue $137,826 $645,996 -0.8%
Expenses $2,461,302 $103,010 +22.9%
Net Income $-2,323,476 $542,986 -5.3%
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

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Governance

Voting Members
11
Independent Members
6
Employees
N/A
Volunteers
11

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FLYNN ANDRIZZI DIRECTOR - 5/YR 0.00
Director
$0 $0 $0
JOSEPH C OBEGI ESQ DIRECTOR - 5/YR 0.00
Director
$0 $0 $0
SHELLEY W HOSS DIRECTOR - 5/YR 0.00
Director
$0 $0 $0
WILLIAM F PODLICH DIRECTOR - 5/YR 0.00
Director
$0 $0 $0
BARBARA SAVOY CHIEF FINANCIAL OFFICER - 0.30
Officer Director
$0 $0 $0
CHRISTINE ELLIOTT-ARMSTRONG CHAIRMAN/PRESIDENT - 5/YR 0.30
Officer Director
$0 $0 $0
MEAGHAN E GUTTMANN DIRECTOR - 5/YR 0.00
Director
$0 $0 $0
KIMBERLY E STORSTAD SECRETARY - 5/YR 0.30
Officer Director
$0 $0 $0
LESLEY C RICCABONA DIRECTOR - 5/YR 0.00
Director
$0 $0 $0
EDGAR DORMITORIO DIRECTOR - 5/YR 0.00
Director
$0 $0 $0
PATRICIA MORALES DIRECTOR - 5/YR 0.00
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
2018 $137,826 $2,461,302 No data $-2,323,476
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