Martinez Education Foundation

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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

1983

Legal Domicile

Principal Officer

John Funk

Phone

9253135562

Tax Period

2025-01-01 to 2025-12-31

Martinez Education Foundation, founded in 1983, is a small nonprofit that reported $411K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $380K left a modest 8% surplus.

Mission

MEF is a separate and independent entity from the Martinez Unified School District. All funds raised by MEF are distributed or invested in the Legacy Fund account at MEFs sole discretion by a majority vote of the MEF Board of Directors.

Program Service Accomplishments

Program 1

Expenses: $356,718

The Martinez Education Foundation (MEF) is a separate and independent entity from the Martinez Unified School District. All funds raised by MEF are distributed or invested in the Legacy Fund account at the Education Foundations sole discretion by a majority vote of the Board of Directors. MEF provides funds for: Fine Arts Mathematics Language Arts Physical Education Science Social Studies Special Education Vocational Education

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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 (2025)

Revenue Breakdown

Contributions & Grants $368,033

Program Service Revenue $0

Investment Income $70,683

Other Revenue $-27,690

TOTAL REVENUE $411,026

Expense Breakdown

Grants Paid $355,900

Salaries & Benefits $0

Fundraising Expenses $3,776

Program Expenses $356,718

Other Expenses $23,638

TOTAL EXPENSES $379,538

Year-over-Year Comparison

	2025	2024	Change
Revenue	$411,026	$446,412	-0.1%
Expenses	$379,538	$259,236	+0.5%
Net Income	$31,488	$187,176	-0.8%

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

N/A

Volunteers

120

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Funk	President	3.00	Officer Director	$0	$0	$0
Dawn Polvorosa	Vice President	2.00	Officer Director	$0	$0	$0
Robert Vereschagin	Treasurer	5.00	Officer Director	$0	$0	$0
Rochelle Badgley	Secretary	3.00	Officer Director	$0	$0	$0
Michael Beck	Director	1.00	Director	$0	$0	$0
Jenn Zauner Clauson	Director	1.00	Director	$0	$0	$0
Marty Eppenberger	Director	1.00	Director	$0	$0	$0
Catherine Franco	Director	1.00	Director	$0	$0	$0
Anne Horack Martin	Director	1.00	Director	$0	$0	$0
Carol McCauley	Director	1.00	Director	$0	$0	$0
Laura Patrick	Director	1.00	Director	$0	$0	$0
Leslie Philbrook	Director	1.00	Director	$0	$0	$0
Richard Philbrook	Director	1.00	Director	$0	$0	$0
Dylan Radke	Director	1.00	Director	$0	$0	$0
Cheryl Vereschagin	Director	5.00	Director	$0	$0	$0
Kathy Widner	Director	1.00	Director	$0	$0	$0

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	$411,026	$379,538	$1,772,494	$31,488
2024	$446,412	$259,236	$1,589,865	$187,176
2023	$175,790	$141,320	$1,308,912	$34,470
2022	$252,332	$142,110	$1,176,889	$110,222
2021	$118,840	$162,703	$1,255,123	$-43,863
2020	$111,281	$202,543	$1,180,383	$-91,262
2019	$155,620	$148,340	$1,109,611	$7,280
2018	$228,904	$153,801	$958,745	$75,103