KERN COMMUNITY FOUNDATION (EIN 770555874) - 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

1999

Legal Domicile

Principal Officer

AARON FALK

Phone

6613255346

Tax Period

2023-01-01 to 2023-12-31

KERN COMMUNITY FOUNDATION, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.1M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $781K, a strong 15% operating margin.

Mission

KERN COMMUNITY FOUNDATION'S MISSION IS GROWING COMMUNITY AND GROWING PHILANTHROPY.

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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 $3,204,144

Program Service Revenue $524,667

Investment Income $1,352,622

Other Revenue $0

TOTAL REVENUE $5,081,433

Expense Breakdown

Grants Paid $1,497,695

Salaries & Benefits $1,455,789

Fundraising Expenses $350,341

Program Expenses $2,899,061

Other Expenses $1,346,937

TOTAL EXPENSES $4,300,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,081,433	$11,306,758	-0.6%
Expenses	$4,300,421	$4,338,649	0.0%
Net Income	$781,012	$6,968,109	-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

123

Volunteers

160

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

$165,950

Total Directors

$165,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS SANCHEZ	CHAIR	1.00	Officer Director	$0	$0	$0
GLENDA GARCIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
VINCENT ODDO	TREASURER	1.00	Officer Director	$0	$0	$0
TANYA ALSHEIKH	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFREY A GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
JOE GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN C HERSHEY III	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN LELAND	DIRECTOR	11.00	Director	$0	$0	$0
KRISTEN BEALL WATSON	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA CHANEY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
AARON FALK	PRESIDENT/CEO	40.00	Officer Director	$165,950	$0	$165,950

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
2024	No data	No data	No data	No data
2023	$5,081,433	$4,300,421	$43,441,433	$781,012
2022	$11,306,758	$4,338,649	$38,202,880	$6,968,109
2021	$6,488,635	$3,461,622	$39,214,030	$3,027,013
2020	$6,932,492	$4,578,357	$32,465,220	$2,354,135
2019	$7,599,155	$3,371,998	$27,432,024	$4,227,157
2018	$4,152,000	$2,930,449	$21,007,863	$1,221,551

KERN COMMUNITY FOUNDATION