MILPITAS CHARITY BINGO INC (EIN 821210238) - 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

2017

Legal Domicile

Principal Officer

LOREN VACCAREZZA

Phone

4087085222

Tax Period

2023-01-01 to 2023-12-31

MILPITAS CHARITY BINGO INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO IMPROVE OUR COMMUNITY'S FAMILIES, NEIGHBORHOODS, AND BUSINESSES.

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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 $147,585

Program Service Revenue $0

Investment Income $20,002

Other Revenue $2,183,011

TOTAL REVENUE $2,350,598

Expense Breakdown

Grants Paid $2,643,669

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,967,331

Other Expenses $539,473

TOTAL EXPENSES $3,183,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,350,598	$2,904,271	-0.2%
Expenses	$3,183,142	$2,319,708	+0.4%
Net Income	$-832,544	$584,563	-2.4%

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

450

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
LOREN VACCAREZZA	PRESIDENT	20.00	Officer Director	$0	$0	$0
CLIFF WILLIAMS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTOPER RILEY	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFFREY CORTESE	TREASURER	5.00	Officer Director	$0	$0	$0
MARK DETAR	DIRECTOR	5.00	Director	$0	$0	$0
OFREJ STEVE GOBIN	HEAD OF SECURITY	40.00	Highest	$222,773	$44,575	$267,348
JOSE NAVARRO	ASSISTANT HEAD OF SECURITY	40.00	Highest	$158,428	$32,295	$190,723
EDWARD RIVAS	SECURITY	40.00	Highest	$107,594	$33,807	$141,401

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	$2,350,598	$3,183,142	$2,291,262	$-832,544
2022	$2,904,271	$2,319,708	$2,928,593	$584,563
2021	$2,853,560	$846,934	$2,206,850	$2,006,626
2021	$2,957,356	$843,548	$2,229,587	$2,113,808
2020	$1,167,139	$448,376	$787,997	$718,763
2019	$32,663	$215,081	$425,657	$-182,418

MILPITAS CHARITY BINGO INC