IRVINE PUBLIC SCHOOLS FOUNDATION

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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

1996

Legal Domicile

Principal Officer

NEDA EATON

Phone

9492638340

Tax Period

2023-07-01 to 2024-06-30

IRVINE PUBLIC SCHOOLS FOUNDATION, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.2M in total revenue in fiscal year 2023.

Mission

IRVINE PUBLIC SCHOOLS FOUNDATION'S MISSION IS TO ENRICH THE EDUCATIONAL EXPERIENCE OF EACH CHILD IN EVERY SCHOOL. WE ACHIEVE THIS BY PROVIDING PROGRAMS, RAISING FUNDS, AND UNITING THE COMMUNITY IN SUPPORT OF EDUCATIONAL EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $1,440,000 Revenue: $0

CLASSROOM AND HEALTH SUPPORT FOR THE IRVINE UNIFIED SCHOOL DISTRICT (IUSD). FUNDS WERE GRANTED TO IUSD TO PROVIDE EXTRA TEACHERS AND INSTRUCTIONAL ASSISTANTS TO MITIGATE THE EFFECTS OF LARGER CLASS SIZES, TO PROVIDE AND SUPPORT MUSIC AND SCIENCE INSTRUCTION, TO PROVIDE MENTAL HEALTH RESOURCES, AND TO PROVIDE ATHLETIC TRAINERS AND NURSES, AFFECTING ALL 38,000 STUDENTS IN THE DISTRICT.

Program 2

Expenses: $2,131,848 Revenue: $2,036,362

SUMMER ENRICHMENT ACADEMY (SEA)ENRICHMENT AND ACADEMIC CLASSES OFFERED TO K-12 STUDENTS DURING THE SUMMER, SERVING OVER 6,700 STUDENTS.

Program 3

Expenses: $1,192,298 Revenue: $1,053,624

AFTERSCHOOL CLASSROOM ENRICHMENT (ACE)ENRICHMENT AND ACADEMIC CLASSES OFFERED BEFORE AND AFTER SCHOOL AT 27 SCHOOLS IN THE DISTRICT SERVING 6,500 STUDENTS.

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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 $2,442,253

Program Service Revenue $4,624,517

Investment Income $168,276

Other Revenue $-31,663

TOTAL REVENUE $7,203,383

Expense Breakdown

Grants Paid $1,714,563

Salaries & Benefits $3,290,559

Fundraising Expenses $563,056

Program Expenses $6,390,648

Other Expenses $2,522,227

TOTAL EXPENSES $7,527,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,203,383	$6,997,662	+0.0%
Expenses	$7,527,349	$7,270,838	+0.0%
Net Income	$-323,966	$-273,176	+0.2%

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

300

Volunteers

200

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

$460,124

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE KIM	CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL DENNIN	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MIKE BRELLER	FIRST PAST CHAIR	4.00	Officer Director	$0	$0	$0
ERIC HSIAO	SECRETARY	2.00	Officer Director	$0	$0	$0
SHIGE ITOH	TREASURER	2.00	Officer Director	$0	$0	$0
MARK BENNETT	ENDOWMENT COMMITTEE CHAIR	2.00	Director	$0	$0	$0
RICH MASTERSON	BEYOND EDUCATION MANAGER	2.00	Director	$0	$0	$0
GEENA DOUGHERTY	MEMBER	2.00	Director	$0	$0	$0
HEIDI BRAMLET	MEMBER	2.00	Director	$0	$0	$0
PO CHEN	MEMBER	2.00	Director	$0	$0	$0
ZHIHAI LI	MEMBER	2.00	Director	$0	$0	$0
DAVID YOO	MEMBER	2.00	Director	$0	$0	$0
SIMON SHUNG	MEMBER	2.00	Director	$0	$0	$0
DAVID GREENBERG	MEMBER	2.00	Director	$0	$0	$0
MATT HOFFMAN	MEMBER	2.00	Director	$0	$0	$0
MATT WEISS	MEMBER	2.00	Director	$0	$0	$0
JAMES SPEIR	MEMBER	2.00	Director	$0	$0	$0
ARASH AMINIAN	MEMBER	2.00	Director	$0	$0	$0
NEDA EATON	PRESIDENT & CHIEF EXECUTIV	40.00	Officer	$286,174	$0	$286,174
SHERRY SLUNKA	CHIEF FINANCIAL OFFICER	40.00	Officer	$173,950	$0	$173,950
KEEGAN BELL	EXECUTIVE VICE PRESIDENT	40.00	Highest	$175,314	$0	$175,314
KELLIE PENDERGEST	DIRECTOR OF MARKETING & CO	40.00	Highest	$125,373	$0	$125,373
PATRICIA KASEY	SENIOR HUMAN RESOURCES MANAGER	40.00	Highest	$101,300	$0	$101,300
MICHELLE LUNA	DIRECTOR OF PROGRAMS	40.00	Highest	$100,617	$0	$100,617

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	$7,203,383	$7,527,349	$9,442,391	$-323,966
2023	$6,997,662	$7,270,838	$9,072,813	$-273,176
2022	$6,284,944	$6,112,093	$9,308,618	$172,851
2021	$4,153,085	$5,308,226	$9,512,290	$-1,155,141
2020	$7,641,677	$6,460,331	$8,450,286	$1,181,346
2019	$7,737,649	$7,389,202	$8,654,638	$348,447