CORONADO SCHOOLS FOUNDATION

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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

1981

Legal Domicile

Principal Officer

ASHLEE DEGREE

Phone

6194378059

Tax Period

2023-07-01 to 2024-06-30

CORONADO SCHOOLS FOUNDATION, founded in 1981, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 227% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 52% operating margin.

Mission

THROUGH COMMUNITY INVOLVEMENT AND SUPPORT, CORONADO SCHOOLS FOUNDATION RAISES AND MANAGES FUNDS TO PROVIDE EXCEPTIONAL LEARNING EXPERIENCES FOR ALL CORONADO UNIFIED SCHOOL DISTRICT STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,100,473 Revenue: $69,646

THE PRIMARY PURPOSE OF SCHOOL SITE PROGRAM GRANTS WITHIN THE CORONADO UNIFIED SCHOOL DISTRICT (CUSD) IS TO ENRICH THE QUALITY OF THE CURRICULUM AND PROVIDE EXCEPTIONAL LEARNING EXPERIENCES FOR ALL...

THE PRIMARY PURPOSE OF SCHOOL SITE PROGRAM GRANTS WITHIN THE CORONADO UNIFIED SCHOOL DISTRICT (CUSD) IS TO ENRICH THE QUALITY OF THE CURRICULUM AND PROVIDE EXCEPTIONAL LEARNING EXPERIENCES FOR ALL CUSD STUDENTS. THESE PRIORITIES ARE IDENTIFIED BY THE SITE STRATEGIC PLANS OF EACH CUSD CAMPUS WHICH HAVE BEEN APPROVED BY THE RESPECTIVE STRATEGIC PLANNING COMMITTEES, CONSISTING OF TEACHERS, STUDENTS, PARENTS, ADMINISTRATORS, AND COMMUNITY MEMBERS, AS WELL AS THE CUSD GOVERNING BOARD. THESE GRANTS FUND TWO PATHWAYS: STEM - SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS AND ART - FOCUS ON VISUAL, PERFORMING AND DIGITAL ARTS.

Program 2

Expenses: $4,970

DISTRICT PROGRAM FUNDING INLUDES TELETHON EVENT SUPPORT TO CORONADO MIDDLE AND HIGH SCHOOLS. CORONADO SCHOOLS FOUNDATION ENVISIONS A PUBLIC SCHOOLS COMMUNITY THAT PROVIDES STUDENTS AN OPPORTUNITY TO...

Program 3

Expenses: $60,598

SCHOLARSHIPS FOR MULTIPLE GRADUATING CORONADO HIGH SCHOOL SENIORS FROM PRIVATE DONORS AS WELL AS ENDOWED SCHOLARSHIPS WITHIN CORONADO SCHOOLS FOUNDATION FIDELITY INVESTMENT ACCOUNTS. THE CORONADO...

SCHOLARSHIPS FOR MULTIPLE GRADUATING CORONADO HIGH SCHOOL SENIORS FROM PRIVATE DONORS AS WELL AS ENDOWED SCHOLARSHIPS WITHIN CORONADO SCHOOLS FOUNDATION FIDELITY INVESTMENT ACCOUNTS. THE CORONADO HIGH SCHOOL SENIOR AWARDS COMMITTEE MEMBERS MAKE THE DETERMINATION AS TO THE RECIPIENT(S) OF EACH AWARD BASED ON CRITERIA ESTABLISHED BY THE DONOR.

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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 $2,295,221

Program Service Revenue $69,646

Investment Income $508,460

Other Revenue $51,638

TOTAL REVENUE $2,924,965

Expense Breakdown

Grants Paid $945,215

Salaries & Benefits $296,132

Fundraising Expenses $120,178

Program Expenses $1,166,041

Other Expenses $173,159

TOTAL EXPENSES $1,414,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,924,965	$893,466	+2.3%
Expenses	$1,414,506	$1,294,319	+0.1%
Net Income	$1,510,459	$-400,853	-4.8%

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

125

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

$139,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE MCBRIDE	CHAIR	3.00	Officer Director	$0	$0	$0
KATY BENNETT LITTLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATIE HART	SECRETARY	1.00	Officer Director	$0	$0	$0
PAIGE SHUMAN	TREASURER	2.00	Officer Director	$0	$0	$0
SEAN CLANCY	BOARD MEMBER	1.00	Director	$0	$0	$0
PILIALOHA ESTALL	BOARD MEMBER	0.00	Director	$0	$0	$0
HEIDI IVERSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK KATO	BOARD MEMBER	1.00	Director	$0	$0	$0
ANA BERNAL ESPONDA	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE FALAAR	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ MERRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT MOLENAAR	BOARD MEMBER	1.00	Director	$0	$0	$0
CONDRA MULLINS	BOARD MEMBER	0.00	Director	$0	$0	$0
CARLOS ROJO	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVE WERTH	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHELLE GILMORE	CEO & PRESIDENT	40.00	Officer	$139,598	$0	$139,598

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	$2,924,965	$1,414,506	$11,376,695	$1,510,459
2023	$893,466	$1,294,319	$9,078,590	$-400,853
2022	$1,393,270	$1,362,159	$8,664,308	$31,111
2021	$1,255,692	$1,178,303	$9,879,544	$77,389
2020	$1,047,486	$1,164,214	$8,516,933	$-116,728
2019	$2,563,442	$1,267,755	$8,828,898	$1,295,687