CORTE MADERA LARKSPUR SCHOOL FOUND… - 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

1980

Legal Domicile

Principal Officer

SARA RYBA

Phone

4159277273

Tax Period

2022-07-01 to 2023-06-30

CORTE MADERA LARKSPUR SCHOOL FOUNDATION, founded in 1980, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE FINANCIAL AID AND SUPPORT BY WAY OF GIFTS, GRANTS, OR LOANS FOR SELECTED PROGRAMS TO BE PROVIDED BY SCHOOL DISTRICTS OR OTHER PUBLIC OR PRIVATE ORGANIZATIONS OR GROUPS WHICH FURTHER EDUCATIONAL AND RELATED NEEDS OF MINORS AND ADULTS.

Program Service Accomplishments

Program 1

Expenses: $1,247,628 Revenue: $66

THE LARKSPUR-CORTE MADERA SCHOOLS FOUNDATION (SPARK) RAISES MONEY TO SUPPORT PROGRAMS THAT ARE AT RISK DUE TO ONGOING BUDGET CUTS. SPARK RAISES $1.5M ANNUALLY FOR OUR APPROXIMATELY 1,200 STUDENTS AND PROVIDES ACCESS FOR EVERY STUDENT TO PROGRAMS INCLUDING MUSIC, ART, SCIENCE, TECHNOLOGY/ENGINEERING AND WELLNESS/COUNSELING AT ALL THREE SCHOOLS PLUS SPANISH AND LEADERSHIP AT HALL MIDDLE SCHOOL. FUNDS ARE USED TO PAY FOR SALARIES AND BENEFITS FOR 14 TEACHERS AND STAFF AS WELL AS MATERIALS AND SUPPLIES FOR 12 SPARK FUNDED PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,426,291

Program Service Revenue $0

Investment Income $68

Other Revenue $-56,017

TOTAL REVENUE $1,370,342

Expense Breakdown

Grants Paid $1,242,061

Salaries & Benefits $244,879

Fundraising Expenses $62,138

Program Expenses $1,247,628

Other Expenses $22,788

TOTAL EXPENSES $1,509,728

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,370,342	$1,614,741	-0.2%
Expenses	$1,509,728	$1,231,981	+0.2%
Net Income	$-139,386	$382,760	-1.4%

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

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
BEN ROBERTS	TREASURER	2.00	Officer Director	$0	$0	$0
KATIE SETTERBY	SECRETARY	1.00	Officer Director	$0	$0	$0
JAIME HEAPS	DIRECTOR	2.00	Director	$0	$0	$0
JANELLE MEYER	DIRECTOR	2.00	Director	$0	$0	$0
ELLIE STRASSER	DIRECTOR	2.00	Director	$0	$0	$0
KRISTINA WILSON	DIRECTOR	2.00	Director	$0	$0	$0
JULIE HOUTKOOPER	DIRECTOR	3.00	Director	$0	$0	$0
KATY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JENN SIMON	ANNUAL GIVING CO-CHAIR	2.00	Director	$0	$0	$0
KIMBERLY TRIPP	ANNUAL GIVING CO-CHAIR	2.00	Director	$0	$0	$0
JON WEINBERG	AD HOC	1.00	Director	$0	$0	$0
SARA RYBA	EXECUTIVE DIRECTOR	40.00	Highest	$111,344	$0	$111,344

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	No data	No data	No data	No data
2023	$1,370,342	$1,509,728	$783,241	$-139,386
2022	$1,579,221	$1,231,978	$922,035	$347,243
2022	$1,614,741	$1,231,981	$921,047	$382,760
2022	$1,579,221	$1,231,978	$922,035	$347,243
2021	$1,399,437	$1,412,826	$574,792	$-13,389
2021	$1,399,437	$1,412,826	$574,792	$-13,389
2021	$1,397,707	$1,413,331	$573,807	$-15,624
2020	$1,493,756	$1,652,712	$588,181	$-158,956
2019	$1,365,208	$1,889,492	$747,137	$-524,284
2018	$1,310,598	$1,362,770	$1,271,421	$-52,172

CORTE MADERA LARKSPUR SCHOOL FOUNDATION