REGIONAL ADMINISTRATIVE FACILITY C… - 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

SEAN BROOKS

Phone

5104646114

Tax Period

2017-07-01 to 2018-06-30

REGIONAL ADMINISTRATIVE FACILITY CORP, founded in 1983, is a micro nonprofit that reported $130K in total revenue in fiscal year 2017. Revenue fell 123% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THE REGIONAL ADMINISTRATIVE FACILITY CORP (RAFC) IS TO EXERCISE A CUSTODIAL RESPONSIBILITY ON BEHALF OF THE OWNER/OCCUPANTS TO DISCHARGE OPERATIONAL OBLIGATIONS. THE FUNCTION OF RAFC IS TO ADMINISTER, OPERATE, PRESERVE AND CONTROL COMMON AREAS UNDER A CONDOMINIUM PLAN ESTABLISHED BY THE FOLLOWING THREE OWNER/OCCUPANTS OF THE PROJECT:1) SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT (BART)2) THE METROPOLITAN TRANSPORTATION COMMISSION (MTC)3) THE ASSOCIATION OF BAY AREA GOVERNMENTS (ABAG)UNDER THE ABOVE PLAN, RAFC EXERCISES A CUSTODIAL RESPONSIBILITY ON BAHALF OF THE OWNER/OCCUPANTS TO DISCHARGE OPERATIONAL OBLIGATIONS AND TO ASSESS SUFFICIENT AMOUNTS TO MEET ALL REQUIRED EXPENDITURES OF THE COMMON AREAS. AS OF 6/22/17, BART IS THE SOLE OWNER/OCCUPANT.

Program Service Accomplishments

Program 1

PROGRAM SERVICE EXPENSES ARE FOR PROVIDING GOVERNMENT AGENCIES WITH A SERVICE AND FACILITY THAT BENEFIT GOVERNMENT AGENCIES DIRECTLY. RAFC EXERCISES A CUSTODIAL RESPONSIBILITY ON BEHALF OF THE...

PROGRAM SERVICE EXPENSES ARE FOR PROVIDING GOVERNMENT AGENCIES WITH A SERVICE AND FACILITY THAT BENEFIT GOVERNMENT AGENCIES DIRECTLY. RAFC EXERCISES A CUSTODIAL RESPONSIBILITY ON BEHALF OF THE GOVERNMENT AGENCY OWNER/OCCUPANTS SUCH AS THE SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT (BART), THE METROPOLITAN TRANSPORTAION COMMISSION (MTC) AND THE ASSOCIATION OF BAY AREA GOVERNMENTS (ABAG). SEE RESPONSE TO LINE 3 ABOVE FOR CURRENT FISCAL YEAR CHANGES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $52,706

Other Revenue $-183,061

TOTAL REVENUE $-130,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2017	2016	Change
Revenue	$-130,355	$562,006	-1.2%
Expenses	N/A	$1,357,892	-1.0%
Net Income	N/A	$-795,886	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

N/A

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
SEAN BROOKS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT MITROFF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY STEEVES	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE TEIXEIRA	TREASURER	1.00	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
2018	$-130,355	No data	$1,640,452	No data

REGIONAL ADMINISTRATIVE FACILITY CORP