San Diego County Tobacco Securitization Corporation (EIN 330927692) - 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

2000

Legal Domicile

Principal Officer

SAMANTHA WEISMAN

Phone

8582260836

Tax Period

2024-07-01 to 2025-06-30

San Diego County Tobacco Securitization Corporation, founded in 2000, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $28.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $33.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

The Corporation was formed for the benefit of the County of San Diego by supporting the securitization of tobacco settlement payments due to the County under the Master Settlement Agreement.

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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 $27,217,709

Investment Income $1,529,220

Other Revenue $0

TOTAL REVENUE $28,746,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,462,917

Other Expenses $33,462,917

TOTAL EXPENSES $33,462,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,746,929	$30,519,864	-0.1%
Expenses	$33,462,917	$35,688,019	-0.1%
Net Income	$-4,715,988	$-5,168,155	-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

N/A

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	Role	Reportable Comp	Other Comp	Total
CHRIS HERRERA	DIRECTOR	Director	$0	$0	$0
MICHEL ANDERSON	SECRETARY	Director	$0	$0	$0
JOAN BRACCI	CHIEF FINANCIAL 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	$28,746,929	$33,462,917	$13,588,640	$-4,715,988
2024	No data	No data	No data	No data
2023	$33,435,055	$34,816,471	$16,074,173	$-1,381,416
2022	$35,529,297	$38,236,541	$17,583,160	$-2,707,244
2021	$34,373,120	$37,055,656	$17,010,589	$-2,682,536
2021	$34,373,120	$37,055,656	$17,010,589	$-2,682,536

San Diego County Tobacco Securitization Corporation