RIVERSIDE COUNTY OFFICE OF EDUCATION FOUNDATION (EIN 371704913) - 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

2012

Legal Domicile

Principal Officer

SUZANNE TROWBRIDGE

Phone

9518266790

Tax Period

2023-07-01 to 2024-06-30

RIVERSIDE COUNTY OFFICE OF EDUCATION FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $325K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $644K exceeded revenue, resulting in a 98% operating deficit.

Mission

TO PROMOTE, RAISE FUNDS FOR THE BENEFIT OF, MOTIVATE AND ENCOURAGE STUDENTS AND PROVIDE AND ENHANCE OPPORTUNITIES FOR STUDENTS PARTICIPATING IN THE EDUCATIONAL, LEADERSHP, CHILDREN AND FAMILY SERVICES, STUDENT PROGRAMS AND SERVICES, AND OTHER PROGRAMS OF THE RIVERSIDE COUNTY SUPERINTENDENT OF SCHOOLS.

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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 $325,816

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,295

TOTAL REVENUE $324,521

Expense Breakdown

Grants Paid $157,215

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $348,655

Other Expenses $486,458

TOTAL EXPENSES $643,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,521	$399,509	-0.2%
Expenses	$643,673	$177,990	+2.6%
Net Income	$-319,152	$221,519	-2.4%

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

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

$297,941

Total Directors

$876,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR EDWIN GOMEZ	Director	1.00	Director	$0	$75,947	$430,383
EUGENE VILLA	Treasurer	1.00	Officer Director	$0	$71,077	$297,941
DR JODI McCLAY	Director	1.00	Director	$0	$28,250	$148,161
JACK CLARKE	Director	1.00	Director	$0	$0	$0
ERIC ECKSTROM	Director	1.00	Director	$0	$0	$0
DIANA KOT	Director	1.00	Director	$0	$0	$0
KEITH FIGGINS	Vice Chair	1.00	Officer Director	$0	$0	$0
LUCIO PEREZ JR	Director	1.00	Director	$0	$0	$0
ANA FARFAN	Director	1.00	Director	$0	$0	$0
LOU MONVILLE	Director	1.00	Director	$0	$0	$0
SUZANNE TROWBRIDGE	Chairman	1.00	Officer Director	$0	$0	$0
KEVIN SCHERRELL	Secretary	1.00	Officer Director	$0	$0	$0
SCOTT HAMMOND	Director	1.00	Director	$0	$0	$0
ANDREW THOMPSON	Director	1.00	Director	$0	$0	$0
FRED WOLF	Director	1.00	Director	$0	$0	$0
BRIAN SMITH	Director	1.00	Director	$0	$0	$0
ED LEWIS	Director	1.00	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
2024	$324,521	$643,673	$598,845	$-319,152
2023	$399,509	$177,990	$657,235	$221,519
2022	$299,579	$207,327	$445,742	$92,252
2021	$10,179,019	$10,125,741	$343,683	$53,278
2020	$211,345	$112,202	$302,686	$99,143
2019	$157,614	$121,057	$191,706	$36,557
2018	$111,711	$108,790	$154,486	$2,921

RIVERSIDE COUNTY OFFICE OF EDUCATION FOUNDATION