MARTINEZ PUBLIC IMPROVEMENT CORPORATION (EIN 680190739) - 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

1992

Legal Domicile

Principal Officer

JUNE DU

Phone

9253723505

Tax Period

2024-07-01 to 2025-06-30

MARTINEZ PUBLIC IMPROVEMENT CORPORATION, founded in 1992, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $659K exceeded revenue, resulting in a 305% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE CITY OF MARTINEZ BY FINANCING, ACQUIRING, CONSTRUCTING, IMPROVING, LEASING AND SELLING PROPERTY, EQUIPMENT AND OTHER PUBLIC IMPROVEMENT PROJECTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $162,805

Other Revenue $0

TOTAL REVENUE $162,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $658,573

Other Expenses $658,573

TOTAL EXPENSES $658,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,805	$183,790	-0.1%
Expenses	$658,573	$655,517	+0.0%
Net Income	$-495,768	$-471,727	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHANDLER	CITY MANAGER	1.00	Director	$0	$0	$0
TERESA HIGHSMITH	CITY ATTORNEY	1.00	Director	$0	$0	$0
CAROLYN ROBINSON	CITY TREASURER	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	$162,805	$658,573	$14,852,348	$-495,768
2024	$183,790	$655,517	$9,243,364	$-471,727
2023	$288,218	$657,549	$12,485,215	$-369,331
2022	$1,835	$368,692	$13,984,637	$-366,857
2021	$4,320,708	$2,376,738	$14,741,582	$1,943,970
2020	$20,534	$441,406	$5,473,580	$-420,872
2019	$217,195	$196,721	$6,463,656	$20,474
2018	$239,994	$240,197	$7,434,499	$-203

MARTINEZ PUBLIC IMPROVEMENT CORPORATION