PITTSBURG UNIFIED SCHOOL DISTRICT … - 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

1994

Legal Domicile

Phone

9254732300

Tax Period

2023-07-01 to 2024-06-30

PITTSBURG UNIFIED SCHOOL DISTRICT FINANCING CORPORATION, founded in 1994, is a small nonprofit that reported $648K in total revenue in fiscal year 2023.

Mission

TO RENDER ASSISTANCE TO PITTSBURG UNIFIED SCHOOL DISTRICT BY PROVIDING FUNDING FOR CAPITAL IMPROVEMENTS FOR USE BY PITTSBURG USD. THE CORPORATION PROVIDES FOR THE CONTRUCTION THROUGH BONDED INDEBTEDNESS FINANCING AND SUBLEASES THE PROPERTY BACK TO PITTSBURG USD.

Program Service Accomplishments

Program 1

Expenses: $648,319 Revenue: $648,319

THE CORPORATION PROVIDES FOR THE CONSTRUCTION OF BUILDINGS, FINANCED THROUGH THE ISSURANCE OF BOND INDEBTEDNESS, AND SUBLEASES THE PROPERTIES BACK TO THE PITTSBURG USD THROUGH LEASE AGREEMENTS. THE RENTAL PROCEEDS FROM THE SUBLEASE ARE USED TO PAY PRINCIPAL AND INTEREST ON THE BONDED INDEBTEDNESS.

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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 $0

Program Service Revenue $648,319

Investment Income $0

Other Revenue $0

TOTAL REVENUE $648,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $648,319

Other Expenses $648,319

TOTAL EXPENSES $648,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$648,319	$669,829	0.0%
Expenses	$648,319	$669,829	0.0%
Net Income	$0	$0	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

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

$696,925

Total Directors

$75,389

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELIODORO MORENO	PRESIDENT/CEO	1.00	Officer Director	$0	$0	$4,200
DE'SHAWN WOOLRIDGE	VICE PRESIDENT	1.00	Director	$0	$0	$4,600
DESTINY BRISCOE	TRUSTEE	1.00	Director	$0	$29,546	$34,346
GEORGE MILLER	TRUSTEE	1.00	Director	$0	$23,043	$27,643
TAYLOR SIMS	TRUSTEE	1.00	Director	$0	$0	$4,600
JANET SCHULZE	SUPERINTENDENT/SECRETARY	1.00	Officer	$0	$68,801	$375,081
HITESH HARIA	ASSOC. SUPT./CFO	1.00	Officer	$0	$67,172	$317,644

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	$648,319	$648,319	No data	No data
2023	$669,829	$669,829	$640,000	No data
2022	$665,958	$665,958	$1,285,000	No data
2021	$671,706	$671,706	$1,910,000	No data
2020	$672,136	$672,136	$2,540,000	No data
2019	$672,186	$672,186	$3,140,000	No data
2018	$16,461,024	$16,461,024	$7,555,000	No data
2018	$15,921,854	$15,921,854	$3,725,000	No data

PITTSBURG UNIFIED SCHOOL DISTRICT FINANCING CORPORATION