DESERT COLLEGE FINANCING CORP

EIN: 465056625 Human Services

INDIO, CA

Total Revenue
$948,411
Total Expenses
$277,245
Total Assets
$18,883,316
Net Assets
$671,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
LAURA HOPE
Phone
7607732513
Tax Period
2022-07-01 to 2023-06-30

DESERT COLLEGE FINANCING CORP, founded in 2014, is a small nonprofit in the Human Services sector that reported $948K in total revenue in fiscal year 2022. Revenue fell 95% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $671K, a strong 71% operating margin.

Mission

THE ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF INDIO, CA (THE "CITY"), INCLUDING THE DESERT COMMUNITY COLLEGE DISTRICT (THE "DISTRICT") AND OTHER LOCAL GOVERNMENT ENTERPRISES, THROUGH THE RENDERING OF FINANCIAL ASSISTANCE THERETO. THE ORGANIZATION WILL ACCOMPLISH THIS PRIMARILY THROUGH THE ACQUISITION, LEASING OR SELLING OF BUILDINGS, BUILDING IMPROVEMENTS, ETC. FOR THE BENEFIT OF RESIDENTS OF THE CITY, THE DISTRICT AND SURROUNDING AREAS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $948,411
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $948,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $277,245
Other Expenses $277,245
TOTAL EXPENSES $277,245

Year-over-Year Comparison

2022 2021 Change
Revenue $948,411 $19,046,952 -1.0%
Expenses $277,245 $16,979,575 -1.0%
Net Income $671,166 $2,067,377 -0.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA GARCIA EDD SUPERINTENDENT/PRESIDENT 1.00
Officer Director
$0 $0 $0
BONNIE STEFAN EDD CHAIR 1.00
Officer Director
$0 $0 $0
BEA GONZALEZ VICE CHAIR 1.00
Officer Director
$0 $0 $0
RUBEN ARIAZTLAN PEREZ MEMBER 1.00
Director
$0 $0 $0
JOEL L KINNAMON EDD MEMBER 1.00
Director
$0 $0 $0
ISAAC ZARCO STUDENT TRUSTEE 1.00
Director
$0 $0 $0
RONALD ODEN MEMBER 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 No data No data No data No data
2023 $948,411 $277,245 $18,883,316 $671,166
2022 $19,046,952 $16,979,575 No data $2,067,377
2021 $409,595 $542,963 $16,915,962 $-133,368
2020 $220,000 $540,560 $17,096,468 $-320,560
2019 $220,000 $543,950 $17,407,028 $-323,950
2018 $220,000 $540,830 $17,720,978 $-320,830
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