LUTHER BURBANK CORPORATION FOUNDAT… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

LAURA TARANTINO

Phone

7075239876

Tax Period

2023-01-01 to 2023-12-31

Mission

LUTHER BURBANK CORPORATION FOUNDATION (THE "FOUNDATION") IS A GRANT-MAKING, OPERATING PUBLIC CHARITY. THE BOARD OF DIRECTORS AND THE OFFICERS OF THE FOUNDATION DONATE MUCH OF THE NET INCOME EARNED BY THE FOUNDATION AND THE PRINCIPAL THEREOF AS THEY DEEM APPROPRIATE TO QUALIFY AS AN INTERNAL REVENUE CODE ("CODE") SECTION 501(C)(3) CHARITABLE ORGANIZATION. THE FOUNDATION'S ACTIVITIES PRIMARILY CONSIST OF MAKING GRANTS IN THREE HIGH PRIORITY AREAS: SOCIAL AND HUMAN SERVICES, COMMUNITY DEVELOPMENT AND EDUCATION TO FOSTER AND PROMOTE FINANCIAL ASSISTANCE INCLUDING OUTREACH AND EDUCATION TO THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $379,854

SOCIAL AND HUMAN SERVICES -THE FOUNDATION PROVIDES GRANT REQUESTS TO INDIVIDUALS AND TO SOCIAL AND HUMAN SERVICE ORGANIZATIONS WITHIN LOW-AND MODERATE-INCOME ("LMI") COMMUNITIES TO:- PROVIDE BASIC...

SOCIAL AND HUMAN SERVICES -THE FOUNDATION PROVIDES GRANT REQUESTS TO INDIVIDUALS AND TO SOCIAL AND HUMAN SERVICE ORGANIZATIONS WITHIN LOW-AND MODERATE-INCOME ("LMI") COMMUNITIES TO:- PROVIDE BASIC NEEDS ASSISTANCE- ENSURE ACCESS TO HEALTH AND MENTAL HEALTH PROGRAMS- PROMOTE CHILD AND YOUTH SERVICES

Program 2

Expenses: $245,855

COMMUNITY DEVELOPMENT - THE FOUNDATION PROVIDES GRANT REQUESTS THAT SUPPORT THE IMPROVEMENT OF LMI COMMUNITIES THOUGH PROGRAMS THAT:- CREATE AND SUSTAIN HOUSING - DESIGNATED AS AFFORDABLE AND/OR...

COMMUNITY DEVELOPMENT - THE FOUNDATION PROVIDES GRANT REQUESTS THAT SUPPORT THE IMPROVEMENT OF LMI COMMUNITIES THOUGH PROGRAMS THAT:- CREATE AND SUSTAIN HOUSING - DESIGNATED AS AFFORDABLE AND/OR DEEMED IN FEDERAL DISASTER AREAS- PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING FINANCING FOR SMALL BUSINESS OR FARMS- PROVIDE JOB TRAINING AND WORKFORCE DEVELOPMENT

Program 3

Expenses: $112,855

EDUCATION - THE FOUNDATION PROVIDES GRANT REQUESTS TO SUPPORT ORGANIZATIONS THAT:- PROMOTE ACADEMIC ACHIEVEMENT FOR LMI STUDENTS WITH A PRIORITY EMPHASIS ON K-12- PROVIDE TRAINING FOR TEACHERS AND...

EDUCATION - THE FOUNDATION PROVIDES GRANT REQUESTS TO SUPPORT ORGANIZATIONS THAT:- PROMOTE ACADEMIC ACHIEVEMENT FOR LMI STUDENTS WITH A PRIORITY EMPHASIS ON K-12- PROVIDE TRAINING FOR TEACHERS AND ADMINISTRATORS WORKING WITH LMI STUDENTS- ENCOURAGE ACCESS TO TECHNICAL, POST-SECONDARY EDUCATION OPPORTUNITIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $738,564

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $738,564

Other Expenses $20,901

TOTAL EXPENSES $759,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$283,861	-1.0%
Expenses	$759,465	$247,523	+2.1%
Net Income	N/A	$36,338	N/A

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
VICTOR S TRIONE	DIRECTOR	1.00	Director	$0	$0	$0
SIMONE LAGOMARSINO	PRESIDENT AND CEO	0.20	Officer Director	$0	$0	$0
LAURA TARANTINO	TREASURER/CEO	0.20	Officer Director	$0	$0	$0
GREG SMITH	SECRETARY	0.20	Officer Director	$0	$0	$0
TAMMY MAHONEY	DIRECTOR	3.00	Director	$0	$0	$0
KRISTEN WILBUR	DIRECTOR	1.00	Director	$0	$0	$0
TRINITY KENT	DIRECTOR	1.00	Director	$0	$0	$0
MONA GAIL BAKER	DIRECTOR	1.00	Director	$0	$0	$0
LOIS BAXTER	DIRECTOR (THROUGH JUNE 2023)	0.10	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
2023	No data	$759,465	No data	No data
2022	$283,861	$247,523	$759,465	$36,338
2021	$428,012	$311,300	$723,127	$116,712
2020	$423,307	$260,143	$606,415	$163,164
2019	$510,574	$402,648	$443,251	$107,926
2018	$781,953	$485,743	$335,325	$296,210

LUTHER BURBANK CORPORATION FOUNDATION