HIGHLAND SANTA BARBARA FOUNDATION INC (EIN 453962008) - 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

JAMES DONDERO

Phone

2142766300

Tax Period

2024-01-01 to 2024-12-31

HIGHLAND SANTA BARBARA FOUNDATION INC, founded in 2011, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $594K, a strong 55% operating margin.

Mission

TO SUPPORT AND BENEFIT THE SANTA BARBARA FOUNDATION, A CALIFORNIA NONPROFIT CORPORATION.

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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 $0

Investment Income $1,087,722

Other Revenue $0

TOTAL REVENUE $1,087,722

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,000

Other Expenses $244,007

TOTAL EXPENSES $494,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,087,722	$18,296,113	-0.9%
Expenses	$494,007	$495,186	0.0%
Net Income	$593,715	$17,800,927	-1.0%

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

$541,304

Total Directors

$895,769

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DONDERO	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$0	$0
JACQUELINE CARRERRA	DIRECTOR, SECY/TREASURER	2.00	Officer Director	$0	$83,862	$541,304
TODD YUBA	DIRECTOR	1.00	Director	$0	$56,674	$354,465

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	$1,087,722	$494,007	$88,214,035	$593,715
2023	$18,296,113	$495,186	$91,007,570	$17,800,927
2022	$49,229,986	$250,760	$90,571,100	$48,979,226
2021	$16,301,687	$316,850	$79,734,319	$15,984,837
2020	$2,419,004	$417,038	$58,019,322	$2,001,966
2020	$2,419,004	$417,038	$58,019,322	$2,001,966

HIGHLAND SANTA BARBARA FOUNDATION INC