MEDICI FOUNDATION A CALIFORNIA PUBLIC BENEFIT CORPORATION (EIN 330637812) - 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

KENNETH TOKITA MD

Phone

9494171100

Tax Period

2025-01-01 to 2025-12-31

MEDICI FOUNDATION A CALIFORNIA PUBLIC BENEFIT CORPORATION, founded in 1994, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $54K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $455K exceeded revenue, resulting in a 745% operating deficit.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR THE CULTURAL ARTS, MEDICAL RESEARCH AND PHILANTHROPIC CAUSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $27,302

Program Service Revenue $0

Investment Income $26,548

Other Revenue $0

TOTAL REVENUE $53,850

Expense Breakdown

Grants Paid $398,945

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $398,945

Other Expenses $56,026

TOTAL EXPENSES $454,971

Year-over-Year Comparison

	2025	2024	Change
Revenue	$53,850	$75,063	-0.3%
Expenses	$454,971	$643,071	-0.3%
Net Income	$-401,121	$-568,008	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH TOKITA MD	DIRECTOR, CEO	4.00	Officer Director	$0	$0	$0
CHUCK FOSDICK	DIRECTOR, CFO	2.00	Officer Director	$0	$0	$0
KARL TOKITA	DIRECTOR, SECRETARY	2.00	Officer 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	$53,850	$454,971	$814,081	$-401,121
2024	$75,063	$643,071	$1,167,485	$-568,008
2023	$139,368	$535,566	$1,621,472	$-396,198
2022	$136,326	$1,150,950	$1,902,945	$-1,014,624
2021	$323,857	$620,684	$2,917,569	$-296,827
2020	$355,186	$604,058	$3,214,396	$-248,872
2019	$284,888	$438,103	$3,463,269	$-153,215
2018	$72,570	$85,544	$3,240,247	$-12,974

MEDICI FOUNDATION A CALIFORNIA PUBLIC BENEFIT CORPORATION