MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND (EIN 453552314) - 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

2011

Legal Domicile

Principal Officer

ROGER SPENCER

Phone

3103033342

Tax Period

2022-07-01 to 2023-06-30

MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND, founded in 2011, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2022. The organization ran a surplus of $720K, a strong 36% operating margin.

Mission

THE MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND PROVIDES THE MANHATTAN BEACH EDUCATION FOUNDATION WITH A CONTINUING AND SUSTAINABLE FUNDING SOURCE THAT WILL EXPAND AND ENHANCE THE QUALITY OF PUBLIC EDUCATION IN MANHATTAN BEACH, NOW AND FOR GENERATIONS TO COME.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,003,913

Program Service Revenue $0

Investment Income $982,584

Other Revenue $0

TOTAL REVENUE $1,986,497

Expense Breakdown

Grants Paid $1,162,951

Salaries & Benefits $0

Fundraising Expenses $75,471

Program Expenses $1,162,951

Other Expenses $103,156

TOTAL EXPENSES $1,266,107

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,986,497	$1,901,786	+0.0%
Expenses	$1,266,107	$1,249,613	+0.0%
Net Income	$720,390	$652,173	+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

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

$147,056

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE DUCKWORTH	PRESIDENT	1.00	Officer Director	$0	$0	$0
MITCHELL OZAWA	TREASURER	5.00	Officer Director	$0	$0	$0
RICH WEISS	CIO	5.00	Officer Director	$0	$0	$0
GEOFF BREMER	DIRECTOR	1.00	Director	$0	$0	$0
JERI VICK	DIRECTOR	1.00	Director	$0	$0	$0
ROGER SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
ALICE KUO	DIRECTOR	1.00	Director	$0	$0	$0
HILARY MAHAN	EXECUTIVE DIRECTOR	8.00	Officer	$0	$0	$147,056
DAVID BRENNAN	DIR. OF DEVELOPMENT & PARTNERSHIP	8.00	Highest	$0	$0	$118,558

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	No data	No data	No data	No data
2023	$1,986,497	$1,266,107	$23,649,646	$720,390
2022	$1,901,786	$1,249,613	$21,812,360	$652,173
2021	$1,760,718	$1,074,289	$24,473,098	$686,429
2020	$1,379,947	$1,058,631	$19,188,638	$321,316
2019	$1,593,201	$966,433	$19,554,391	$626,768
2018	$1,813,989	$841,718	$18,563,560	$972,271

MANHATTAN BEACH EDUCATION FOUNDATION ENDOWMENT FUND