HEMET UNIFIED SCHOOL DISTRICT FACILITIES CORPORATION

EIN: 521527174

HEMET, CA

Total Revenue
$4,058,538
Total Expenses
$4,056,956
Total Assets
$2,719
Net Assets
$2,719
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
DARRIN WATTERS
Phone
9517655100
Tax Period
2023-07-01 to 2024-06-30

HEMET UNIFIED SCHOOL DISTRICT FACILITIES CORPORATION, founded in 1990, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023.

Mission

PROVIDE FINANCIAL ASSITANCE TO THE HEMET UNIFIED SCHOOL DISTRICT TO ACQUIRE,FINANCE OR CONSTRUCT SCHOOL SITES.

Program Service Accomplishments

Program 1
Expenses: $4,056,956 Revenue: $4,053,766

TO ASSIST THE HEMET UNIFIED SCHOOL DISTRICT IN THE ACQUISITION, FINANCING AND CONSTRUCTING OF SCHOOL SITES.

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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 $0
Program Service Revenue $4,053,766
Investment Income $4,772
Other Revenue $0
TOTAL REVENUE $4,058,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,056,956
Other Expenses $4,056,956
TOTAL EXPENSES $4,056,956

Year-over-Year Comparison

2023 2022 Change
Revenue $4,058,538 $3,994,370 +0.0%
Expenses $4,056,956 $3,993,238 +0.0%
Net Income $1,582 $1,132 +0.4%
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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Governance

Voting Members
3
Independent Members
N/A
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
$761,113
Total Directors
3
$761,113
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK SEARL PRESIDENT 2.00
Officer Director
$0 $17,854 $22,654
CHRISTI BARRETT SECRETARY/TREASURER 2.00
Officer Director
$0 $30,053 $408,939
DARRIN WATTERS ASSISTANT SECRETARY 2.00
Officer Director
$0 $30,468 $329,520
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
2025 No data No data No data No data
2024 $4,058,538 $4,056,956 $2,719 $1,582
2023 $3,994,370 $3,993,238 $1,137 $1,132
2022 $3,916,092 $3,916,092 $5 No data
2021 $3,829,358 $3,855,941 $5 $-26,583
2020 $7,139,982 $7,532,997 $26,588 $-393,015
2019 $3,783,825 $3,762,022 $419,603 $21,803
2018 $3,716,667 $3,718,430 $397,800 $-1,763
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