LAKE ELSINORE SCHOOLS FINANCING CO… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

JULIE EDMUNDS

Phone

9512537095

Tax Period

2020-07-01 to 2021-06-30

LAKE ELSINORE SCHOOLS FINANCING CORPORATION, founded in 1996, is a micro nonprofit in the Unknown sector that reported $2 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 2059500% operating deficit.

Mission

TO ACQUIRE FINANCE AND CONSTRUCT EDUCATIONAL FACILITIES FOR THE LAKE ELISNORE UNIFIED SCHOOL DISTRICT

Program Service Accomplishments

Program 1

Expenses: $41,192

THE ORGANIZATION ASSISTS THE LAKE ELSINORE UNIFIED SCHOOL DISTRICT IN ACQUIRING,FINANCING AND CONSTRUCTING OF EDUCATIONAL FACILITIES

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $2

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,192

Other Expenses $41,192

TOTAL EXPENSES $41,192

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2	$33,828,700	-1.0%
Expenses	$41,192	$46,395,406	-1.0%
Net Income	$-41,190	$-12,566,706	-1.0%

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

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

$551,034

Total Directors

$119,458

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DOUG KIMBERLY	CEO/SECRETARY	1.00	Officer	$0	$21,744	$314,703
CHRIS MCDONALD	MEMBER	1.00	Director	$0	$19,204	$26,536
JUAN SAUCEDO	MEMBER	1.00	Director	$0	$19,204	$26,032
STAN CRIPPEN	MEMBER	1.00	Director	$0	$583	$9,427
ARLEEN SANCHEZ	CBO/TREASURER	1.00	Officer	$0	$1,995	$178,868
SUSAN E SCOTT	PRESIDENT	1.00	Officer Director	$0	$21,744	$29,490
HEIDI MATTHIES DODD	VICE PRESIDENT	1.00	Officer Director	$0	$21,001	$27,973

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
2021	$2	$41,192	$3	$-41,190
2020	$33,828,700	$46,395,406	$41,193	$-12,566,706
2019	$3,273,517	$3,373,897	$12,607,899	$-100,380
2018	$894,220	$1,636,897	$12,708,279	$-742,677

LAKE ELSINORE SCHOOLS FINANCING CORPORATION