CARLSBAD EDUCATIONAL FOUNDATION (EIN 953768448) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

LAURA PITTS

Phone

7609291555

Tax Period

2023-09-01 to 2024-08-31

CARLSBAD EDUCATIONAL FOUNDATION, founded in 1982, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.8M left a modest 7% surplus.

Mission

TO PROVIDE INCREASED EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS IN THE CARLSBAD UNIFIED SCHOOL DISTRICT BY DEVELOPING AND FUNDING IMPACTFUL 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 (2023)

Revenue Breakdown

Contributions & Grants $753,262

Program Service Revenue $5,310,279

Investment Income $153,481

Other Revenue $34,956

TOTAL REVENUE $6,251,978

Expense Breakdown

Grants Paid $1,253,540

Salaries & Benefits $3,628,469

Fundraising Expenses $314,495

Program Expenses $5,177,343

Other Expenses $932,871

TOTAL EXPENSES $5,814,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,251,978	$5,587,612	+0.1%
Expenses	$5,814,880	$5,076,832	+0.1%
Net Income	$437,098	$510,780	-0.1%

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

167

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

$209,548

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA PITTS	CEO	40.00	Officer	$201,166	$8,382	$209,548
TAYLOR BEVERIDGE	DIR OF PHIL	40.00		$109,247	$4,667	$113,914
IAN MCDANIEL	Chair	3.00	Officer Director	$0	$0	$0
JEN FORNAL	Vice Chair	3.00	Officer Director	$0	$0	$0
ELLIOT SPRINGER	Treasurer	3.00	Officer Director	$0	$0	$0
TERRA TEAT	Secretary	3.00	Officer Director	$0	$0	$0
KEN BREEDING	Director	2.00	Director	$0	$0	$0
DELIA CHARVEL	Director	2.00	Director	$0	$0	$0
MICHELLE DASTYCK	Director	2.00	Director	$0	$0	$0
RITA ISSA	Director	2.00	Director	$0	$0	$0
JEFF KUNTZ	Director	2.00	Director	$0	$0	$0
CLAIRE LABRECHE	Director	2.00	Director	$0	$0	$0
JACKIE MAZUR	Director	2.00	Director	$0	$0	$0
TREVOR MCGRAW	Director	2.00	Director	$0	$0	$0
PHILIP MCLELLAN	Director	2.00	Director	$0	$0	$0
DAVE PADGETT	Director	2.00	Director	$0	$0	$0
AJ RUFO	Director	2.00	Director	$0	$0	$0
STEPHANIE SAN ANTONIO	Director	2.00	Director	$0	$0	$0
AJ VAN DE VEN	Director	2.00	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	$6,251,978	$5,814,880	$5,016,582	$437,098
2023	$5,586,966	$5,076,832	$4,575,130	$510,134
2023	$5,495,189	$5,064,105	$4,575,130	$431,084
2022	$4,615,053	$4,290,296	$3,814,368	$324,757
2021	$3,750,610	$3,622,729	$3,397,938	$127,881
2020	$3,537,535	$2,652,842	$2,308,474	$884,693
2019	$3,950,561	$3,788,765	$1,706,961	$161,796

CARLSBAD EDUCATIONAL FOUNDATION