California Alternative Payment Program Association (EIN 330524397) - 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

1977

Legal Domicile

Principal Officer

Denyne Micheletti Colburn

Phone

9165676797

Tax Period

2023-07-01 to 2024-06-30

California Alternative Payment Program Association, founded in 1977, is a small nonprofit that reported $896K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

Promote parent choice child care.

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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 $109,801

Program Service Revenue $785,730

Investment Income $51

Other Revenue $0

TOTAL REVENUE $895,582

Expense Breakdown

Grants Paid $130,000

Salaries & Benefits $582,535

Fundraising Expenses $0

Program Expenses $467,128

Other Expenses $294,522

TOTAL EXPENSES $1,007,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$895,582	$871,501	+0.0%
Expenses	$1,007,057	$969,540	+0.0%
Net Income	$-111,475	$-98,039	+0.1%

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

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

$228,207

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denyne Micheletti Colburn	CEO	40.00	Officer	$228,207	$0	$228,207
Rick Richardson	Director	2.00	Director	$0	$0	$0
Kendall Hirai	Director	2.00	Director	$0	$0	$0
Karen Marlatt	Director	2.00	Director	$0	$0	$0
Tina Barna	Director	2.00	Director	$0	$0	$0
Joie Owen	Director	2.00	Director	$0	$0	$0
Leslie Reece	Director	2.00	Director	$0	$0	$0
Mike Michelon	Director	2.00	Director	$0	$0	$0
Jeanne Fridolfs	Director	2.00	Director	$0	$0	$0
Teri Sedrick	Director	2.00	Director	$0	$0	$0
Jessica Kranz	Director	2.00	Director	$0	$0	$0
Beth Chiaro	Treasurer	5.00	Officer	$0	$0	$0
LaVera Smith	Secretary	5.00	Officer	$0	$0	$0
Gina Fromer	President	5.00	Officer	$0	$0	$0
Michelle Graham	Vice President	5.00	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	$895,582	$1,007,057	$295,069	$-111,475
2023	$871,501	$969,540	$436,459	$-98,039
2021	$703,344	$580,954	$467,465	$122,390
2020	$645,105	$653,467	$326,401	$-8,362
2019	$645,558	$623,190	$269,313	$22,368

California Alternative Payment Program Association