TOPASS FOUNDATION (EIN 770060525) - 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

1985

Legal Domicile

Principal Officer

JAIME BOSCARINO

Phone

8054492100

Tax Period

2024-07-01 to 2025-06-30

TOPASS FOUNDATION, founded in 1985, is a micro nonprofit in the Education sector that reported $38K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $22K, a strong 59% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE FOR CAPITAL IMPROVEMENTS TO PUBLIC SCHOOL FACILITIES OF CVUSD.

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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 $37,512

Other Revenue $0

TOTAL REVENUE $37,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15,382

TOTAL EXPENSES $15,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,512	$31,984	+0.2%
Expenses	$15,382	$12,920	+0.2%
Net Income	$22,130	$19,064	+0.2%

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

$367,351

Total Directors

$77,097

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BRUNO	SECRETARY	1.00	Officer Director	$0	$0	$0
ALBERT ADAM	PRESIDENT	1.00	Officer Director	$0	$4,273	$25,273
WILLIAM GORBACK	BOARD MEMBER	1.00	Director	$0	$19,021	$25,839
TIE GUTIERREZ	BOARD MEMBER	1.00	Director	$0	$126	$146
LISA EVANS POWELL	VICE PRESIDENT	1.00	Officer Director	$0	$19,021	$25,839
JAIME BOSCARINO	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$41,849	$316,239

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	$37,512	$15,382	$923,131	$22,130
2024	$31,984	$12,920	$863,447	$19,064
2023	$16,883	$9,555	$765,482	$7,328
2022	$43,924	$12,609	$718,889	$31,315
2021	$180,066	$11,349	$806,052	$168,717
2020	$18,325	$9,882	$637,335	$8,443
2019	$34,526	$10,272	$628,892	$24,254
2018	$45,107	$9,767	$604,638	$35,340

TOPASS FOUNDATION