STEINBERG INSTITUTE

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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

2017

Legal Domicile

Principal Officer

KAREN LARSEN

Phone

9165534167

Tax Period

2023-01-01 to 2023-12-31

STEINBERG INSTITUTE, founded in 2017, is a community nonprofit in the Mental Health sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 488% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 49% operating margin.

Mission

OUR MISSION: TRANSFORMING CALIFORNIA'S MENTAL HEALTH AND SUBSTANCE USE CARE SYSTEMS THROUGH EDUCATION, ADVOCACY, ACCOUNTABILITY, AND INSPIRED LEADERSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,272,373

SINCE OUR FOUNDING IN 2015, THE INSTITUTE HAS HELPED ENACT SWEEPING IMPROVEMENTS IN CALIFORNIA MENTAL HEALTH POLICY, INCLUDING SECURING SIGNIFICANT FUNDING TO PROVIDE PERMANENT SUPPORTIVE HOUSING AND CARE FOR INDIVIDUALS LIVING WITH MENTAL HEALTH AND SUBSTANCE USE CONDITIONS WHO ARE EXPERIENCING HOMELESSNESS, PEER CERTIFICATION, PARITY IN INSURANCE COVERAGE FOR BEHAVIORAL HEALTH CONDITIONS THAT IS COMMENSURATE WITH PHYSICAL HEALTH COVERAGE, AND THE LAUNCHING OF 988. OUR VISION IS THAT CALIFORNIA SETS THE STANDARDS FOR THE NATION IN PREVENTION, TREATMENT, AND RECOVERY, WHERE ALL PEOPLE RECEIVE QUALITY CARE AND SUPPORT WHEN, WHERE, AND FOR AS LONG AS THEY NEED IT.

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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 $3,402,039

Program Service Revenue $0

Investment Income $4,687

Other Revenue $0

TOTAL REVENUE $3,406,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,179,940

Fundraising Expenses $10,693

Program Expenses $1,272,373

Other Expenses $541,765

TOTAL EXPENSES $1,732,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,406,726	$579,075	+4.9%
Expenses	$1,732,398	$1,526,615	+0.1%
Net Income	$1,674,328	$-947,540	-2.8%

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

$471,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL STEINBERG	FOUNDER	3.00	Officer Director	$0	$0	$0
TINA THOMAS	CHAIR	2.00	Officer Director	$0	$0	$0
ANNA BAKAR	SECRETARY	1.00	Officer Director	$0	$0	$0
AZIZZA DAVIS GOINES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE GRAVES	TREASURER	1.00	Officer Director	$0	$0	$0
KEN ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BEIER	DIRECTOR	1.00	Director	$0	$0	$0
TOM INSEL	DIRECTOR	1.00	Director	$0	$0	$0
KERI THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BOYD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
RICH LIEB	DIRECTOR	1.00	Director	$0	$0	$0
JUAN ACOSTA	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LARSEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$255,000	$18,728	$273,728
MARGARET MERRITT	CHIEF OPERATING OFFICER	40.00	Officer	$175,677	$21,999	$197,676
JASON W SHOULTZ	DIRECTOR OF STRATEGIC PARTNERSHIPS	40.00	Highest	$144,400	$19,571	$163,971
TARA GAMBOA-EASTMAN	DIRECTOR OF GOVERNMENT AFFAIRS	40.00	Highest	$134,900	$11,575	$146,475
COREY HASHIDA	SENIOR RESEARCH ASSOCIATE	40.00	Highest	$118,750	$8,607	$127,357

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	$3,406,726	$1,732,398	$2,375,329	$1,674,328
2023	$3,406,726	$1,732,398	$2,375,329	$1,674,328
2022	$579,075	$1,526,615	$760,738	$-947,540
2021	$584,465	$1,133,728	$1,539,695	$-549,263
2020	$2,099,601	$824,002	$2,058,145	$1,275,599
2019	$1,030,515	$797,853	$780,552	$232,662
2018	$254,887	$683,995	$522,555	$-429,108