Career Technical Education Foundation Sonoma County

EIN: 465607272 501(c)(3) Education

Santa Rosa, CA

Total Revenue
$2,798,209
Total Expenses
$2,355,047
Total Assets
$1,850,246
Net Assets
$1,588,674
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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
CA
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.

Program Service Accomplishments

Program 1
Expenses: $1,892,306 Revenue: $0

SCHOOL DISTRICTS TRUST CTE FOUNDATION TO BRING CREDIBLE, RESPONSIVE AND TIMELY RESOURCES IN SUPPORT OF HIGH-QUALITY CAREER-CONNECTED LEARNING INITIATIVES. WE ARE THE ONLY SOURCE OF LOCAL FUNDING THAT...

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SCHOOL DISTRICTS TRUST CTE FOUNDATION TO BRING CREDIBLE, RESPONSIVE AND TIMELY RESOURCES IN SUPPORT OF HIGH-QUALITY CAREER-CONNECTED LEARNING INITIATIVES. WE ARE THE ONLY SOURCE OF LOCAL FUNDING THAT ALLOWS SCHOOLS TO EXPERIMENT WITH NEW EDUCATION STRATEGIES THAT CONNECT STUDENTS TO MEANINGFUL CAREERS IN SONOMA COUNTY.

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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 (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

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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
25

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
5
$191,152
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
3
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
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