Pajaro Valley Healthcare District Project (EIN 872323474) - 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

2021

Legal Domicile

Principal Officer

June Ponce

Phone

8312546086

Tax Period

2024-01-01 to 2024-12-31

Pajaro Valley Healthcare District Project, founded in 2021, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $754K, a strong 55% operating margin.

Mission

The organization has been formed by the community and governmental leaders to raise funds to form a hospital district in the County of Santa Cruz, CA that will purchase and operate Watsonville Community Hospital from its current owner and operate the hospital as a public hospital that will serve low-income residents.

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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 $1,166,079

Program Service Revenue $0

Investment Income $3,308

Other Revenue $211,190

TOTAL REVENUE $1,380,577

Expense Breakdown

Grants Paid $250

Salaries & Benefits $0

Fundraising Expenses $195,734

Program Expenses $319,360

Other Expenses $626,457

TOTAL EXPENSES $626,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,380,577	$597,169	+1.3%
Expenses	$626,707	$111,852	+4.6%
Net Income	$753,870	$485,317	+0.6%

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

N/A

Employees

N/A

Volunteers

N/A

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
Brent Dunton	Treasurer	5.00	Officer Director	$0	$0	$0
Janet Heien	Secretary	5.00	Officer Director	$0	$0	$0
Andrea Carlos Willy	President	5.00	Officer Director	$0	$0	$0
David Claypool	Director	5.00	Director	$0	$0	$0
Matko Vranjes	Director	5.00	Director	$0	$0	$0
Kistal Salcido	Director	5.00	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	$1,380,577	$626,707	$4,285,487	$753,870
2023	$597,169	$111,852	$5,916,832	$485,317
2022	$36,819,890	$35,797,978	$7,143,059	$1,021,912
2022	$36,819,890	$35,851,370	$7,143,059	$968,520
2021	$400,019	$670,810	$1,344	$-270,791

Pajaro Valley Healthcare District Project