CARPENTER FUNDS ADMINISTRATIVE OFFICE OF NORTHERN CALIFORNIA INC (EIN 941557079) - 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

1963

Legal Domicile

Principal Officer

WILLIAM FEYLING

Phone

5106330333

Tax Period

2023-09-01 to 2024-08-31

CARPENTER FUNDS ADMINISTRATIVE OFFICE OF NORTHERN CALIFORNIA INC, founded in 1963, is a mid-sized nonprofit in the Mutual Benefit sector that reported $19.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ADMINISTRATIVE SERVICES FOR VARIOUS RELATED CARPENTER TRUST FUNDS.

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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 $0

Program Service Revenue $19,641,431

Investment Income $66,433

Other Revenue $51

TOTAL REVENUE $19,707,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,673,544

Fundraising Expenses $0

Other Expenses $6,867,690

TOTAL EXPENSES $19,541,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,707,915	$19,435,400	+0.0%
Expenses	$19,541,234	$19,435,400	+0.0%
Net Income	$166,681	$0	N/A

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

108

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
JAY BRADSHAW	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID LEE	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
LARRY NIBBI	TREASURER	1.00	Officer Director	$0	$0	$0
SEAN HEBARD	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
EDWARD GABLE- BOARD OF	DIRECTORS MEMBER (THRU MAY '24)	1.00	Director	$0	$0	$0
SCOTT SMITH	BOARD OF DIRECTORS MEMBER	1.00	Director	$0	$0	$0
JACOB ADIARTE	BOARD OF DIRECTORS MEMBER	1.00	Director	$0	$0	$0
NANCY BRINKERHOFF	BOARD OF DIRECTORS MEMBER	1.00	Director	$0	$0	$0
JOHN BELPERIO	BOARD OF DIRECTORS MEMBER	1.00	Director	$0	$0	$0
FIDEL CHAVEZ	BOARD OF DIRECTORS MEMBER	1.00	Director	$0	$0	$0
ROBERT NIBBI	BOARD OF DIRECTORS MEMBER	1.00	Director	$0	$0	$0
ROBERT ALTEN	BOARD OF DIRECTORS MEMBER	1.00	Director	$0	$0	$0
MARTIN ESPINOZA JR- BOARD OF	DIRECTORS MEMBER (AS OF MAR '24)	1.00	Director	$0	$0	$0
WILLIAM FEYLING	ADMINISTRATOR	45.00	Highest	$278,733	$77,273	$356,006
JARROD MIZUSAWA	DIRECTOR OF EMPLOYER SERVICES	45.00	Highest	$177,952	$56,439	$234,391
MARIA GONZALEZ- CONTROLLER	DIR. OF CORPORATE ACCOUNTING	45.00	Highest	$177,177	$82,347	$259,524
PAULINE HANN	DIRECTOR OF BENEFIT SERVICES	45.00	Highest	$177,952	$83,806	$261,758
RUSSELL FAIRLES- DIR OF	REGULATIONS AND INTERNAL AFFAIRS	45.00	Highest	$190,563	$77,273	$267,836

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	$19,707,915	$19,541,234	$23,308,940	$166,681
2023	$19,435,400	$19,435,400	$23,054,898	No data
2022	$18,261,845	$18,261,845	$21,392,618	No data
2021	$18,437,550	$18,437,550	$18,772,405	No data
2020	$16,580,890	$16,580,890	$18,936,724	No data
2019	$15,797,759	$15,797,759	$25,979,339	No data
2018	$15,093,316	$15,093,316	$25,443,657	No data

CARPENTER FUNDS ADMINISTRATIVE OFFICE OF NORTHERN CALIFORNIA INC