HILLSBOROUGH SCHOOLS FOUNDATION (EIN 942634550) - 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

1979

Legal Domicile

Principal Officer

ALICIA ISERO

Phone

6503446685

Tax Period

2023-07-01 to 2024-06-30

HILLSBOROUGH SCHOOLS FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 38% operating margin.

Mission

THE PRIMARY GOAL OF THE ORGANIZATION IS TO PROVIDE SUPPLEMENTARY FINANCIAL SUPPORT FOR THE PUBLIC SCHOOLS OF HILLSBOROUGH, CALIFORNIA, WHEN FUNDING FROM PUBLIC AND OTHER SOURCES IS INADEQUATE TO PROVIDE HIGH QUALITY EDUCATIONAL PROGRAMS AND OPPORTUNITIES FOR THE CHILDREN OF THE COMMUNITY. USES FOR THIS FINANCIAL SUPPORT WOULD INCLUDE, BUT NOT BE LIMITED TO, THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS, THE PURCHASE OF BOOKS, SPECIALIZED EQUIPMENT AND OTHER ACADEMIC MATERIALS, AND THE FUNDING OF PERSONNEL, SUCH AS CURRICULUM SPECIALISTS. AS PART OF ITS EFFORTS TO ACHEIVE THIS GOAL, THE FOUNDATION HAS ESTABLISHED AND MANAGES THE FRED SCHWARTZ ENDOWMENT FUND AS A SUPPLEMENTAL FINANCIAL RESOURCE FOR THE BENEFIT OF THE HILLSBOROUGH PUBLIC SCHOOLS.

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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 $4,343,197

Program Service Revenue $0

Investment Income $2,915,222

Other Revenue $325,704

TOTAL REVENUE $7,584,123

Expense Breakdown

Grants Paid $3,911,753

Salaries & Benefits $426,850

Fundraising Expenses $505,887

Program Expenses $3,911,753

Other Expenses $369,488

TOTAL EXPENSES $4,708,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,584,123	$5,343,720	+0.4%
Expenses	$4,708,091	$4,786,130	0.0%
Net Income	$2,876,032	$557,590	+4.2%

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

Volunteers

175

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

$181,476

Total Directors

$181,476

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY PANCHULA	PRESIDENT	20.00	Officer Director	$0	$0	$0
GREG LEONARD	TREASUERER	4.00	Officer Director	$0	$0	$0
LICIA DAVIDSON	SECRETARY & GOVERNANCE	2.00	Officer Director	$0	$0	$0
AMY JASMER	PAST PRESIDENT	2.00	Director	$0	$0	$0
ERIN SCHAEFER	CHAIR, ANNUAL GIVING CAMPAIGN	8.00	Officer Director	$0	$0	$0
ROMAN MARGOLIN	CO-CHAIR, AUDIT & ENDOWMENT	2.00	Officer Director	$0	$0	$0
TAL SIMON	CO-CHAIR, AUDIT & ENDOWMENT	2.00	Director	$0	$0	$0
KATIE SALMA	CO-CHAIR, COMMUNICATIONS	4.00	Director	$0	$0	$0
CHERYL DAYA	CO-CHAIR, COMMUNICATIONS	4.00	Director	$0	$0	$0
BESSIE SEYBOLD	CHAIR, COMMUNITY CAMPAIGN	2.00	Director	$0	$0	$0
JULIE KAVANAGH	CHAIR, CORPORATE OUTREACH	2.00	Director	$0	$0	$0
NISHA AHLUWALIA	CO-CHAIR, EVENTS	3.00	Director	$0	$0	$0
TING YANG	CO-CHAIR, EVENTS	3.00	Director	$0	$0	$0
MARCY DUTTON SEGRE	CHAIR, LEGACY GIVING	1.00	Director	$0	$0	$0
BONNIE FELDMAN	CHAIR, NOMINATING	2.00	Director	$0	$0	$0
MELISSA HAMILTON	CHAIR, PARENT CAMPAIGN	3.00	Director	$0	$0	$0
SARA HESTON	CHAIR, PERSONNEL	2.00	Director	$0	$0	$0
BRYAN KEANE	CHAIR, SCHOLARS' CIRCLE	2.00	Director	$0	$0	$0
STEVE JUNO	CHAIR, STRATEGIC PLANNING	2.00	Director	$0	$0	$0
LISA DUFFELL	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JAMIE HARRIS	ASSOCIATED PARENTS' GROUPS (APG) PRESIDENT	2.00	Director	$0	$0	$0
ALICIA ISERO	EXECUTIVE DIRECTOR	40.00	Officer Director	$172,813	$8,663	$181,476
GILBERT WAI	SCHOOL BOARD LIAISON	0.00	Director	$0	$0	$0
LOUANN CARLOMAGNO	SUPERINTENDENT	0.00	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
2025	No data	No data	No data	No data
2024	$7,584,123	$4,708,091	$20,620,075	$2,876,032
2023	$5,343,720	$4,786,130	$18,448,776	$557,590
2022	$5,673,314	$4,438,286	$16,936,233	$1,235,028
2021	$4,453,701	$4,044,244	$18,783,027	$409,457
2020	$4,346,326	$3,968,363	$15,035,793	$377,963
2019	$4,840,560	$4,102,511	$14,953,425	$738,049
2018	$4,586,601	$4,172,157	$14,141,239	$414,444

HILLSBOROUGH SCHOOLS FOUNDATION