CRC REAL ESTATE CORPORATION (EIN 330612565) - 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

1994

Legal Domicile

Principal Officer

KIMBERLY C CRIPE

Phone

7149973000

Tax Period

2024-07-01 to 2025-06-30

CRC REAL ESTATE CORPORATION, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $11.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 16% operating margin.

Mission

TO HOLD, MAINTAIN AND OPERATE COMMERCIAL MEDICAL OFFICE BUILDINGS NEAR THE PRINCIPAL OFFICES IN THE ORANGE COUNTY REGION OF RADY CHILDREN'S HEALTH (RCH) AND ITS AFFILIATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,475,230

Investment Income $209,289

Other Revenue $1,584,385

TOTAL REVENUE $11,268,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,979,584

Other Expenses $9,425,450

TOTAL EXPENSES $9,425,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,268,904	$10,908,754	+0.0%
Expenses	$9,425,450	$8,939,695	+0.1%
Net Income	$1,843,454	$1,969,059	-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

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

$10,404,999

Total Directors

$2,444,654

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY C CRIPE	PRESIDENT & CEO	1.00	Officer Director	$0	$31,405	$2,444,654
JANET DAVIDSON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MARSHALL ROWEN MD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICK SALAS	DIRECTOR	0.25	Director	$0	$0	$0
DAVE WILLIS	DIRECTOR	0.25	Director	$0	$0	$0
PATRICK FRIAS MD	PRESIDENT & CEO	1.00	Officer	$0	$44,864	$2,563,540
KERRI RUPPERT SCHILLER	EVP/CFO/ASST SECRETARY (THRU 4/25)	3.00	Officer	$0	$40,201	$1,182,642
JAY GABRIEL	CHIEF LEGAL OFFICER/SECRETARY	1.00	Officer	$0	$49,577	$947,668
KIMBERLY MILSTIEN	EXECUTIVE VP & COO	1.00	Officer	$0	$135,453	$1,180,903
JAMES ULI JR	EXECUTIVE VP & CFO (START 01/25)	1.00	Officer	$0	$22,310	$1,153,655
JILL STRICKLAND	CHIEF ADMINISTRATIVE OFFICER (CAO)	1.00	Officer	$0	$33,381	$931,937
PAUL VAN DOLAH	CTO, FORMER COO	0.00		$0	$1,912	$998,275

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	$11,268,904	$9,425,450	$87,831,897	$1,843,454
2024	$10,908,754	$8,939,695	$87,088,380	$1,969,059
2023	$10,555,142	$11,777,826	$85,613,050	$-1,222,684
2022	$10,844,938	$11,371,969	$87,140,291	$-527,031
2021	$8,473,881	$6,661,014	$87,263,581	$1,812,867
2020	$7,462,754	$6,518,508	$86,971,334	$944,246
2019	$21,674,544	$6,209,013	$87,676,431	$15,465,531
2018	$5,601,557	$5,238,112	$73,150,097	$363,445

CRC REAL ESTATE CORPORATION