VIRGINIA SMITH TESTAMENTARY CHARITABLE TRUST 082075

EIN: 770295858 501(c)(3) Education

Merced, CA

Total Revenue
$2,419,069
Total Expenses
$659,117
Total Assets
$38,469,182
Net Assets
$37,209,607
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
CA
Principal Officer
MARTIN FREGOSO
Phone
2093816604
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA SMITH TESTAMENTARY CHARITABLE TRUST 082075, founded in 1975, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 273% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 73% operating margin.

Mission

To provide scholarship funds for students to attend higher institutions of learning.

Program Service Accomplishments

Program 1
Expenses: $320,917 Revenue: $0

To provide scholarship funds for students to attend higher institutions of learning

Program 2
Expenses: $113,500 Revenue: $0

Grants for high school students to incentivize students to apply for Virginia Smith Trust scholarship.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,205,754
Other Revenue $213,315
TOTAL REVENUE $2,419,069

Expense Breakdown

Grants Paid $434,417
Salaries & Benefits $14,666
Fundraising Expenses $0
Program Expenses $434,417
Other Expenses $210,034
TOTAL EXPENSES $659,117

Year-over-Year Comparison

2024 2023 Change
Revenue $2,419,069 $648,049 +2.7%
Expenses $659,117 $670,036 0.0%
Net Income $1,759,952 $-21,987 -81.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$737,034
Total Directors
6
$14,666
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve M Tietjen Trust Advisor 5
Officer
$0 $14,050 $401,864
Janet Riley Financial Advisor 5
Officer
$0 $14,050 $335,170
Frank Fagundes Vice Chairperson 1
Director
$3,371 $0 $3,371
Dennis Hanks Member 1
Director
$3,345 $0 $3,345
Tim Razzari Member 1
Director
$2,747 $0 $2,747
Geneva Brett Chairperson 1
Director
$2,684 $0 $2,684
Fred Honore Member 1
Director
$1,277 $0 $1,277
Rodrigo Espinosa Member 1
Director
$1,242 $0 $1,242
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 $2,419,069 $659,117 $38,469,182 $1,759,952
2020 $101,266 $218,908 $34,177,561 $-117,642
2019 $775,931 $834,397 $34,132,051 $-58,466
2018 $328,650 $173,819 $33,966,968 $154,831
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