HEMET UNIFIED SCHOOL DISTRICT FACILITIES CORPORATION (EIN 521527174) - 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

1990

Legal Domicile

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.

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

Governance

Voting Members

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

$761,113

Total Directors

$761,113

Key Employees

Highest Compensated

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

HEMET UNIFIED SCHOOL DISTRICT FACILITIES CORPORATION