Kern High School District Educational Foundation (EIN 770235452) - 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

1989

Legal Domicile

Principal Officer

Michael Zulfa EdD

Phone

6618273153

Tax Period

2023-07-01 to 2024-06-30

Kern High School District Educational Foundation, founded in 1989, is a small nonprofit in the Education sector that reported $276K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Net assets of $623K represent 27 months of operating reserves.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $273,762

Program Service Revenue $0

Investment Income $2,641

Other Revenue $0

TOTAL REVENUE $276,403

Expense Breakdown

Grants Paid $278,839

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $278,839

Other Expenses $165

TOTAL EXPENSES $279,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,403	$193,969	+0.4%
Expenses	$279,004	$230,858	+0.2%
Net Income	$-2,601	$-36,889	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sheryl Barbich	Director	0.20	Director	$0	$0	$0
Michael Zulfa EdD	Executive Dir.	0.10	Officer Director	$0	$0	$0
Steve Matejka	Director	0.10	Director	$0	$0	$0
Neil Ferrier	Director	0.10	Director	$0	$0	$0
Scott Odlin	Director	0.10	Director	$0	$0	$0
Joe Hay	President & CEO	0.10	Director	$0	$0	$0
Leo Holland	Director	0.10	Director	$0	$0	$0
Raji Brar	Vice President	0.10	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
2024	$276,403	$279,004	$622,824	$-2,601
2023	$193,969	$230,858	$625,425	$-36,889
2022	$211,176	$146,892	$663,514	$64,284
2021	$197,053	$171,626	$598,030	$25,427
2020	$136,972	$173,805	$572,603	$-36,833
2019	$170,079	$151,324	$609,436	$18,755
2018	$167,526	$160,280	$590,681	$7,246

Kern High School District Educational Foundation