ETC FOUNDATION (EIN 814028230) - 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

2016

Legal Domicile

Principal Officer

PAULA BRUICE

Phone

8059662440

Tax Period

2023-09-01 to 2024-08-31

ETC FOUNDATION, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $299K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $416K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO MANAGE AND GROW AN ENDOWMENT FOR THE BENEFIT OF THE ENSEMBLE THEATRE COMPANY OF SANTA BARBARA.

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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 $0

Program Service Revenue $0

Investment Income $298,621

Other Revenue $0

TOTAL REVENUE $298,621

Expense Breakdown

Grants Paid $376,926

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $376,926

Other Expenses $39,433

TOTAL EXPENSES $416,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,621	$176,203	+0.7%
Expenses	$416,359	$309,381	+0.3%
Net Income	$-117,738	$-133,178	-0.1%

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
SIMON WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE THARAKAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA REICH	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN VAN ABEL	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER O JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA Y BRUICE	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
FRANK MCGINNITY	BOARD MEMBER	1.00	Director	$0	$0	$0
JONAH STOWE	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT TURBIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JON KECHEJIAN	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
2024	$298,621	$416,359	$4,898,119	$-117,738
2023	$176,203	$309,381	$4,868,373	$-133,178
2022	$455,705	$45,966	$4,896,355	$409,739
2021	$475,556	$45,739	$5,832,731	$429,817
2020	$246,900	$28,811	$4,184,321	$218,089
2019	$146,445	$159,203	$3,389,835	$-12,758

ETC FOUNDATION