CENTRAL VALLEY SCHOOL DISTRICT FIN… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

MICHAEL JOHNSTON

Phone

5593279000

Tax Period

2020-07-01 to 2021-06-30

CENTRAL VALLEY SCHOOL DISTRICT FINANCING FINANCING CORPORATION, founded in 1986, is a micro nonprofit in the Education sector that reported $3K in total revenue in fiscal year 2020. Revenue fell 87% from the prior year — a significant decline worth monitoring.

Mission

THE CORPORATION WAS FORMED FOR THE PRIMARY PURPOSE OF PROVIDING FINANCIAL ASSISTANCE TO THE CLOVIS UNIFIED SCHOOL DISTRICT AND FRESNO UNIFIED SCHOOL DISTRICT AS WELL AS OTHER PUBLIC AGENCIES FOR CONSTRUCTION, ACQUISITION, IMPROVEMENT AND REMODELING OF PUBLIC SCHOOL BUILDINGS AND FACILITIES.

Program Service Accomplishments

Program 1

PROVIDE FINANCIAL ASSISTANCE TO THE CLOVIS UNIFIED SCHOOL DISTRICT FOR CONSTRUCTION, ACQUISITION, IMPROVEMENT AND REMODELING OF PUBLIC SCHOOL BUILDINGS AND FACILITIES, AND REPAYMENT OF FINANCING.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,847

Other Revenue $0

TOTAL REVENUE $2,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,847	$22,370	-0.9%
Expenses	N/A	N/A	N/A
Net Income	N/A	$22,370	N/A

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
GINNY HOVSEPIAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL JOHNSTON	CFO JAN 2020-JUN 2020	1.00	Officer Director	$0	$0	$0
MICHELLE ASADOORIAN	MEMBER	1.00	Director	$0	$0	$0
BRIAN HERYFORD	MEMBER	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
2021	$2,847	No data	$84,173	No data
2020	$22,370	No data	$81,326	No data
2019	$22,972	No data	$1,098,267	No data
2018	$21,203	No data	$1,075,295	No data

CENTRAL VALLEY SCHOOL DISTRICT FINANCING FINANCING CORPORATION