2023 Governors Inaugural Fund

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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

2022

Legal Domicile

Principal Officer

Jim DeBoo

Phone

9162855733

Tax Period

2023-01-01 to 2023-12-31

2023 Governors Inaugural Fund, founded in 2022, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 299% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 33% operating margin.

Mission

Support the 2023 inauguration event of CA Governor Gavin Newsom.

Program Service Accomplishments

Program 1

Expenses: $1,209,692 Revenue: $0

Organize and conduct inauguration event for the election of Gavin Newsom as Governor of California.

Program 2

Expenses: $1,000,000 Revenue: $0

Grant made to the California State Protocol Foundation. THE MISSION OF THE CALIFORNIA STATE PROTOCOL FOUNDATION IS TO LESSEN THE BURDEN ON CALIFORNIA TAXPAYERS BY RELIEVING THE STATE OF CALIFORNIA OF...

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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 $3,372,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,372,000

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,209,692

Other Expenses $1,253,488

TOTAL EXPENSES $2,253,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,372,000	$845,000	+3.0%
Expenses	$2,253,488	$774,506	+1.9%
Net Income	$1,118,512	$70,494	+14.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Brokaw	CFOSecretary	5.00	Officer	$0	$0	$0
Jim Deboo	CEO	5.00	Officer	$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	$3,372,000	$2,253,488	$1,189,006	$1,118,512
2022	$845,000	$774,506	$70,494	$70,494
2022	$845,000	$774,506	$70,494	$70,494