GOLETA 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

1989

Legal Domicile

Principal Officer

Kyle Begley

Phone

8055699864

Tax Period

2018-07-01 to 2019-06-30

GOLETA EDUCATION FOUNDATION, founded in 1989, is a small nonprofit in the Education sector that reported $320K in total revenue in fiscal year 2018. Revenue surged 241% from the prior year, signaling strong growth momentum. Expenses of $414K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE GOLETA EDUCATION FOUNDATION IS DEDICATED TO ENGAGING THE COMMUNITY TO INVEST IN AND ENHANCE AN EXCELLENT EDUCATION FOR ALL STUDENTS ATTENDING SCHOOLS IN THE GOLETA VALLEY.

Program Service Accomplishments

Program 1

Expenses: $281,000

TO ASSIST FURTHER DEVELOPMENT AND EXECUTION OF A COMPREHENSIVE KINDERGARTEN READINESS EFFORT FOR SCHOOLS SERVING CHILDREN AND FAMILIES IN THE GOLETA UNION SCHOOL DISCTRICT (GUSD).

Program 2

Expenses: $50,000

FUNDING FOR NEW PLAYGROUND AT THE LEARNING TREE PRESCHOOL.

Program 3

Expenses: $50,000

EXPANSION OF A BEHAVIOR INTERVENTION PROGRAM THAT DEVELOPS SKILLS FOR TEACHERS, PUPILS, AND PARENTS TO ALLOW FOR CONSTRUCTIVE RESPONSES TO DISRUPTIVE CLASSROOM BEHAVIOR.

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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 (2018)

Revenue Breakdown

Contributions & Grants $305,965

Program Service Revenue $0

Investment Income $55

Other Revenue $14,467

TOTAL REVENUE $320,487

Expense Breakdown

Grants Paid $395,981

Salaries & Benefits $8,500

Fundraising Expenses $5,716

Program Expenses $395,981

Other Expenses $9,938

TOTAL EXPENSES $414,419

Year-over-Year Comparison

	2018	2017	Change
Revenue	$320,487	$94,039	+2.4%
Expenses	$414,419	$148,335	+1.8%
Net Income	$-93,932	$-54,296	+0.7%

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

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

$5,500

Total Directors

$8,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Rivas	Director	2.00	Director	$3,000	$0	$3,000
Mark Jackson	Treasurer	6.00	Officer Director	$0	$0	$0
Brady Bustany	Director	2.00	Director	$0	$0	$0
Dan Oh	Director	2.00	Director	$0	$0	$0
Emily Izmirian	President	8.00	Officer Director	$0	$0	$0
Blair Looker	Director	2.00	Director	$0	$0	$0
Elizabeth O'Black Gans	Director	2.00	Director	$0	$0	$0
Michael Parisse	Director	2.00	Director	$0	$0	$0
Felicia Roggero	Secretary	4.00	Officer Director	$0	$0	$0
Kyle Begley	Executive Dir.	12.00	Officer Director	$5,500	$0	$5,500
Danny Fitzgibbons	Director	2.00	Director	$0	$0	$0
Daalia Reynolds	Director	2.00	Director	$0	$0	$0
Jane Gray	Director	2.00	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	No data	No data	No data	No data
2019	$320,487	$414,419	$98,382	$-93,932