SANTA VISITS ALVISO 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

2005

Legal Domicile

Principal Officer

MICHAEL J GROSS

Phone

4082343520

Tax Period

2024-01-01 to 2024-12-31

SANTA VISITS ALVISO FOUNDATION, founded in 2005, is a small nonprofit that reported $550K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $296K, a strong 54% operating margin.

Mission

PROVIDES EDUCATIONAL OPPORTUNITIES AND PROGRAMS TO THE ALVISO COMMUNITY INCLUDING STUDENT SCHOLARSHIPS, SUMMER EDUCATIONAL PROGRAMS FOR STUDENTS, A READING PROGRAM AT THE ALVISO LIBRARY, FREE SUMMER SWIM LESSONS FOR ALVISO CHILDREN, AS WELL AS, FREE SWIM FOR THEIR FAMILIES, AND OUR ANNUAL CHRISTMAS PROGRAM FOR ALVISO STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $135,485

SVAF SCHOLARSHIP PROGRAM GRANTED SCHOLARSHIPS TO 30 STUDENTS IN 2024 (RANGED FROM $1,500 TO $4,500 EACH). FUNDS PAID FOR: TUITION, BOOKS, FEES, AND OTHER RELATED EDUCATIONAL EXPENSES. GRANTS ARE PAID IN TWO INSTALLMENTS, WITH THE INITIAL PAYMENT AT THE BEGINNING OF THE SCHOOL YEAR AND THE SECOND PAYMENT MID-YEAR AFTER REVIEWING STUDENT PROGRESS AND GRADES. APPLICANTS FOR A GRANT MUST COMPLETE AN APPLICATION, OBTAIN TWO REFERENCE LETTERS, COMPLETE AN ESSAY ON THEIR EDUCATIONAL GOALS AND BE INTERVIEWED BY THE SVAF BOARD OR A BOARD MEMBER SELECTED BY THE BOARD. THE SELECTED PERSON MAKES THE FINAL DECISION FOR GRANTING A SCHOLARSHIP. THE PROGRAM DOES NOT SEEK STUDENTS WITH THE HIGHEST GRADES AND ACHIEVEMENTS, RATHER PROVIDES SCHOLARSHIP GRANTS FOR STUDENTS LOOKING FOR THE OPPORTUNITY TO IMPROVE THEMSELVES.

Program 2

Expenses: $80,000

GRANT TO GEORGE MAYNE ELEMENTARY - TO PROVIDE FUNDING FOR SCHOOL EQUIPMENT AND ACTIVITIES THAT MAY NOT BE AVAILABLE DUE TO FINANCIAL SHORTFALL. TO PROVIDE A BETTER EDUCATION ENVIRONMENT AND...

GRANT TO GEORGE MAYNE ELEMENTARY - TO PROVIDE FUNDING FOR SCHOOL EQUIPMENT AND ACTIVITIES THAT MAY NOT BE AVAILABLE DUE TO FINANCIAL SHORTFALL. TO PROVIDE A BETTER EDUCATION ENVIRONMENT AND EXPERIENCE FOR STUDENTS.

Program 3

Expenses: $20,000

GRANT TO GEORGE MAYNE ELEMENTARY PTA - TO PROVIDE FUNDING FOR SCHOOL PTA FOR SCHOOL EVENTS THAT MAY NOT BE AVAILABLE DUE TO FINANCIAL SHORTFALL. TO PROVIDE A BETTER EDUCATION EXPERIENCE FOR STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $495,960

Program Service Revenue $0

Investment Income $0

Other Revenue $54,176

TOTAL REVENUE $550,136

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $253,950

Other Expenses $153,950

TOTAL EXPENSES $253,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,136	$263,163	+1.1%
Expenses	$253,950	$148,591	+0.7%
Net Income	$296,186	$114,572	+1.6%

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
RICHARD SANTOS	Chairman	10.00	Officer Director	$0	$0	$0
MICHAEL J GROSS	BOARD MEMBER	10.00	Director	$0	$0	$0
JUDY SANTIAGO	FOUNDER	20.00	Director	$0	$0	$0
MARK WAGNER	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
ROLANE SANTOS	Secretary	2.00	Officer Director	$0	$0	$0
JIM REVEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALBERT ESTRADA	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
2025	No data	No data	No data	No data
2024	$550,136	$253,950	$1,474,987	$296,186
2023	$263,163	$148,591	$1,178,801	$114,572
2022	$273,164	$164,321	$1,064,229	$108,843
2021	$199,306	$128,498	$955,386	$70,808
2020	$490,246	$143,164	$884,578	$347,082