SAN JOAQUIN A PLUS INC (EIN 510536117) - 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

2005

Legal Domicile

Principal Officer

KAI KUNG

Phone

2095932333

Tax Period

2023-01-01 to 2023-12-31

SAN JOAQUIN A PLUS INC, founded in 2005, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $2.0M, a strong 52% operating margin.

Mission

TO HELP STUDENTS IN SAN JOAQUIN COUNTY ACHIEVE QUALITY EDUCATIONAL OUTCOMES, AND IN DOING SO, CREATE A BRIGHTER FUTURE FOR OUR REGION.

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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 $3,766,849

Program Service Revenue $4,720

Investment Income $62,617

Other Revenue $186

TOTAL REVENUE $3,834,372

Expense Breakdown

Grants Paid $2,300

Salaries & Benefits $1,016,972

Fundraising Expenses $0

Program Expenses $1,361,548

Other Expenses $830,554

TOTAL EXPENSES $1,849,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,834,372	$4,552,702	-0.2%
Expenses	$1,849,826	$1,591,533	+0.2%
Net Income	$1,984,546	$2,961,169	-0.3%

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

$329,343

Total Directors

$608,871

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON SHALVEY	CO-CEO/BOARD PRESIDENT	20.00	Officer Director	$324,048	$5,295	$329,343
DON WILEY	CHAIR	2.00	Officer Director	$0	$0	$0
JOSE RODRIGUEZ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KAI KUNG	CO-CEO	40.00	Director	$267,203	$12,325	$279,528
CAROL ORNELAS	TREASURER	2.00	Officer Director	$0	$0	$0
LISA BLANCO JIMENEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
KARA BACKMAN	SENIOR DIRECTOR OF SCHOOL SUPPORTS AND PARTNERSHIP	40.00	Highest	$129,423	$0	$129,423

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	$3,834,372	$1,849,826	$8,887,555	$1,984,546
2022	$4,552,702	$1,591,533	$6,923,080	$2,961,169
2021	$3,942,790	$3,153,070	$3,892,784	$789,720
2020	$3,176,833	$230,299	$2,985,800	$2,946,534

SAN JOAQUIN A PLUS INC