Career Technical Education Foundation Sonoma County (EIN 465607272) - 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

2014

Legal Domicile

Principal Officer

Kathy Goodacre

Phone

7077087080

Tax Period

2023-07-01 to 2024-06-30

Career Technical Education Foundation Sonoma County, founded in 2014, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 546% from the prior year, signaling strong growth momentum. The organization ran a surplus of $443K, a strong 16% operating margin.

Mission

INNOVATING THE EDUCATION-TO-CAREER EXPERIENCE TO STRENGTHEN ECONOMIC DEVELOPMENT AND STUDENT SUCCESS.

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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 $2,780,988

Program Service Revenue $0

Investment Income $16,021

Other Revenue $1,200

TOTAL REVENUE $2,798,209

Expense Breakdown

Grants Paid $868,852

Salaries & Benefits $849,326

Fundraising Expenses $129,106

Program Expenses $1,892,306

Other Expenses $636,869

TOTAL EXPENSES $2,355,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,798,209	$433,070	+5.5%
Expenses	$2,355,047	$995,007	+1.4%
Net Income	$443,162	$-561,937	-1.8%

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

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

$191,152

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Soiland	Chair	1.50	Officer Director	$0	$0	$0
Elisabeth Wade	Vice Chair	1.50	Officer Director	$0	$0	$0
Julianna Graham	Treasurer	1.50	Officer Director	$0	$0	$0
Priscilla Jaworski Quintanilla	Secretary	1.50	Officer Director	$0	$0	$0
Lee Alderman	Director	1.50	Director	$0	$0	$0
Cindy Gillespie	Director	1.50	Director	$0	$0	$0
Brad Davis	Director	1.50	Director	$0	$0	$0
Leyla Hashemi	Director	1.50	Director	$0	$0	$0
Luisa Beck	Director	1.50	Director	$0	$0	$0
Erica Torgerson	Director	1.50	Director	$0	$0	$0
Hector Velazquez	Director	1.50	Director	$0	$0	$0
Arif Virji	Director	1.50	Director	$0	$0	$0
Kelly Bass Seibel	Director	1.50	Director	$0	$0	$0
Louis Ganzler	Director	1.50	Director	$0	$0	$0
Merrilee Roscoe Alvarado	Director	1.50	Director	$0	$0	$0
Kathy Goodacre	Chief Executive Officer	40.00	Officer	$191,152	$0	$191,152
Leslie Simmons	VP of Impact and Investments	40.00	Highest	$132,600	$0	$132,600
George Duckworth Andriana	Director of Development and Marketing	40.00	Highest	$114,000	$0	$114,000
Jewell Brandon	Director of Student Experience	40.00	Highest	$101,500	$0	$101,500

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	$2,798,209	$2,355,047	$1,850,246	$443,162
2023	$433,070	$995,007	$1,359,270	$-561,937
2021	$1,745,990	$1,554,757	$1,350,385	$191,233
2020	$1,561,120	$1,703,027	$1,275,574	$-141,907
2019	$1,152,756	$1,586,367	$1,522,083	$-433,611
2018	$3,279,576	$1,962,007	$2,464,606	$1,317,569

Career Technical Education Foundation Sonoma County