Napa County Public Improvement Cor… - 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

1987

Legal Domicile

Principal Officer

Tracy A Schulze

Phone

7072534551

Tax Period

2022-07-01 to 2023-06-30

Napa County Public Improvement Corporation, founded in 1987, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $380K, a strong 20% operating margin.

Mission

THE PURPOSE OF THE NAPA COUNTY IMPROVEMENT CORPORATION IS TO ACT AS A FINANCING AGENT FOR THE COUNTY'S CONSTRUCTION PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $1,535,916

The expenses shown are the interest, administrative fees, and depreciation related to the County's 2014 Certificates of Participation (COP). The 2014 COP issued on April 1, 2014 financed the...

The expenses shown are the interest, administrative fees, and depreciation related to the County's 2014 Certificates of Participation (COP). The 2014 COP issued on April 1, 2014 financed the acquisition of land and improvement of capital facilities for the County. Please note: Principal payment related to the 2014 COP was $1,765,000 and depreciation was $735,637.23 for the year.

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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 $1,915,470

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $1,915,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,535,916

Other Expenses $1,535,916

TOTAL EXPENSES $1,535,916

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,915,487	$6,750,206	-0.7%
Expenses	$1,535,916	$1,855,992	-0.2%
Net Income	$379,571	$4,894,214	-0.9%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Belia Ramos	President	0.30	Officer	$0	$0	$0
JOelle Gallagher	Vice President	0.30	Officer	$0	$0	$0
Tracy A Schulze	TREASURER	0.30	Officer	$0	$0	$0
Neha Hoskins	SECRETARY	0.30	Officer	$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	No data	No data	No data	No data
2023	$1,915,487	$1,535,916	$34,620,589	$379,571
2022	$6,750,206	$1,855,992	$36,006,018	$4,894,214
2021	$4,258,776	$1,996,147	$38,111,804	$2,262,629
2020	$4,248,817	$3,664,258	$39,499,175	$584,559
2019	$4,242,157	$1,938,365	$42,399,616	$2,303,792

Napa County Public Improvement Corporation