MENDOCINO COUNTY PUBLIC FACILITIES… - 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

1983

Legal Domicile

Principal Officer

Darcie Antle

Phone

7072346860

Tax Period

2023-07-01 to 2024-06-30

MENDOCINO COUNTY PUBLIC FACILITIES CORPORATION, founded in 1983, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 69% operating margin.

Mission

Provide financial assistance to the Mendocino County Board of Supervisors by financing the acquisition and or construction of County buildings and equipment

Program Service Accomplishments

Program 1

Expenses: $1,006,494 Revenue: $3,207,850

Interest on debt service, revenue from Government for debt service payments

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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 $2,656,494

Program Service Revenue $0

Investment Income $551,356

Other Revenue $0

TOTAL REVENUE $3,207,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,006,494

Other Expenses $1,006,494

TOTAL EXPENSES $1,006,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,207,850	$2,503,682	+0.3%
Expenses	$1,006,494	$1,168,039	-0.1%
Net Income	$2,201,356	$1,335,643	+0.6%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Glenn McGourty	Supervisor	Director	$0	$0	$0
Maureen Mulheren	Supervisor	Director	$0	$0	$0
John Haschak	Supervisor	Director	$0	$0	$0
Dan Gjerde	Supervisor	Director	$0	$0	$0
Ted Williams	Supervisor	Director	$0	$0	$0
Chamise Cubbison	Auditor-Controller	Director	$0	$0	$0
Darcie Antle	Chief Executive Officer	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
2024	$3,207,850	$1,006,494	$48,024,167	$2,201,356
2023	$2,503,682	$1,168,039	$47,472,811	$1,335,643
2022	$1,869,148	$589,373	$38,712,168	$1,279,775
2021	$1,864,827	$635,498	$38,712,393	$1,229,329

MENDOCINO COUNTY PUBLIC FACILITIES CORPORATION