GENSPAN 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

2000

Legal Domicile

Principal Officer

DR DAN SHEPARD

Phone

8056147591

Tax Period

2018-01-01 to 2018-12-31

GENSPAN FOUNDATION, founded in 2000, is a micro nonprofit that reported $20K in total revenue in fiscal year 2018. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 203% operating deficit.

Mission

THE PURPOSE OF GENSPAN FOUNDATION IS TO ENRICH AND IMPROVE THE QUALITY OF THE LIVES OF ALL COMMUNITY MEMBERS BY PROVIDING OPPORTUNITIES OF ALL AGES TO PARTICIPATE IN ACTIVITIES THAT SPONSOR LIFELONG LEARNING AND SOCIAL ENRICHMENT.

Program Service Accomplishments

Program 1

Expenses: $38,824

IN ADDITION TO COMPLETING A FUNDRAISER IN FEBRUARY, GENSPAN FOUNDATION, THROUGH THE APPLE PROGRAM, PROVIDED VOLUNTEERS IN THE CLASSROOMS IN SANTA MARIA, ORCUTT AND NIPOMO, WORKING WITH STUDENTS...

IN ADDITION TO COMPLETING A FUNDRAISER IN FEBRUARY, GENSPAN FOUNDATION, THROUGH THE APPLE PROGRAM, PROVIDED VOLUNTEERS IN THE CLASSROOMS IN SANTA MARIA, ORCUTT AND NIPOMO, WORKING WITH STUDENTS (KINDERGARTEN THRU 6TH GRADE). WITH THE FUNDS RAISED, GENSPAN SPONSORED TICKETS FOR STUDENTS TO ATTEND A PLAY AT P.C.P.A. THEATER. IN ADDITION, GENSPAN PROVIDED LUNCH TO THE STUDENTS AND VOLUNTEERS ATTENDING THE PLAY. GENSPAN WAS ALSO INVOLVED IN THE MINI RODEO PROVIDING VOLUNTEERS AND SEVEN BUSES TO HELP OUT THE ORGANIZATION. IN AUGUST, PURSUANT TO A DECISION OF THE DIRECTORS OF GENSPAN FOUNDATION ALL MONEY RAISED WITH THE FUNDRAISING EVENT, AND ASSETS WERE TRANSFERRED TO THE SANTA MARIA VALLEY YMCA FOUNDATION INC. TO ENDORSE AND CARRY ON WITH THE ORGANIZATION'S MISSION.

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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 $3,450

Program Service Revenue $0

Investment Income $5,192

Other Revenue $11,487

TOTAL REVENUE $20,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,274

Fundraising Expenses $0

Program Expenses $38,824

Other Expenses $23,640

TOTAL EXPENSES $60,914

Year-over-Year Comparison

	2018	2017	Change
Revenue	$20,129	$41,581	-0.5%
Expenses	$60,914	$73,414	-0.2%
Net Income	$-40,785	$-31,833	+0.3%

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

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

$31,288

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP ALVARADO	PRESIDENT	1.00	Director	$0	$0	$0
DR DAN SHEPARD	VICE PRESIDENT	2.00	Director	$0	$0	$0
SUSAN LUSTIG	SECRETARY	3.00	Director	$0	$0	$0
LUCIE GEORGE	TREASURER	1.00	Director	$0	$0	$0
BRENDA FRAZIER	ACTING EXEC/PROG DIRECTOR	40.00	Director	$31,288	$0	$31,288
CALVIN HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER STERLING	BOARD 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
2018	$20,129	$60,914	No data	$-40,785