RIVERSIDE UNIFIED SCHOOL DISTRICT SCHOOL FACILITIES CORPORATION (EIN 330461522) - 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

1990

Legal Domicile

Principal Officer

RENEE HILL

Phone

9513526729

Tax Period

2023-07-01 to 2024-06-30

RIVERSIDE UNIFIED SCHOOL DISTRICT SCHOOL FACILITIES CORPORATION, founded in 1990, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 183% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE RIVERSIDE UNIFIED SCHOOL DISTRICT FOR THE ACQUISITION, CONSTRUCTION AND FINANCING OF EDUCATIONAL FACILITIES.

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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 $1,570,155

Investment Income $40,622

Other Revenue $0

TOTAL REVENUE $1,610,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,571,272

Other Expenses $1,571,272

TOTAL EXPENSES $1,571,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,610,777	$570,186	+1.8%
Expenses	$1,571,272	$569,950	+1.8%
Net Income	$39,505	$236	+166.4%

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

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
DR ANGELO FAROOQ	Member	1.00	Director	$0	$0	$0
DALE KINNEAR	President	1.00	Officer Director	$0	$0	$0
JESSE TWEED	Member	1.00	Director	$0	$0	$0
DR NOEMI HERNANDEZ ALEXANDER	Clerk	1.00	Officer Director	$0	$0	$0
BRENT LEE	Member	1.00	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
2025	No data	No data	No data	No data
2024	$1,610,777	$1,571,272	$10,533,150	$39,505
2023	$570,186	$569,950	$2,932,236	$236

RIVERSIDE UNIFIED SCHOOL DISTRICT SCHOOL FACILITIES CORPORATION