MANHATTAN BEACH EDUCATION FOUNDATION (EIN 953881166) - 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

1983

Legal Domicile

Principal Officer

MICHAEL BRUNICK

Phone

3103033342

Tax Period

2024-07-01 to 2025-06-30

MANHATTAN BEACH EDUCATION FOUNDATION, founded in 1983, is a community nonprofit in the Education sector that reported $9.2M in total revenue in fiscal year 2024.

Mission

RAISE FUNDS FOR THE PURPOSE OF SUPPORTING EDUCATION IN THE MANHATTAN BEACH UNIFIED SCHOOL DISTRICT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,307,992

Program Service Revenue $0

Investment Income $471,959

Other Revenue $-592,152

TOTAL REVENUE $9,187,799

Expense Breakdown

Grants Paid $8,392,320

Salaries & Benefits $594,788

Fundraising Expenses $594,286

Program Expenses $8,520,386

Other Expenses $390,207

TOTAL EXPENSES $9,377,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,187,799	$8,823,448	+0.0%
Expenses	$9,377,315	$8,155,311	+0.1%
Net Income	$-189,516	$668,137	-1.3%

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

100

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

$173,926

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BRUNICK	PRESIDENT	4.00	Officer Director	$0	$0	$0
RAJ MEHROTRA	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
LORELEI CHAO	TREASURER	4.00	Officer Director	$0	$0	$0
STACEY FUNDINGSLAND	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIN VANCURA	DIRECTOR	1.00	Director	$0	$0	$0
KATIE RANNE	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY QUICK	DIRECTOR	1.00	Director	$0	$0	$0
TARA RILEY	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN MUKAI	DIRECTOR	1.00	Director	$0	$0	$0
ERIN COPPOLA	DIRECTOR	1.00	Director	$0	$0	$0
JILLIAN ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
TERENCE BALAGIA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CRAM	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER DE ROOS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL DISSER	DIRECTOR	1.00	Director	$0	$0	$0
FARNAZ FLECHNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE GENDRON	DIRECTOR	1.00	Director	$0	$0	$0
GARRET GIGLIA	DIRECTOR	1.00	Director	$0	$0	$0
KATIE GUNTHER	DIRECTOR	1.00	Director	$0	$0	$0
BRETT JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
RYAN KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
ALICE KUO	DIRECTOR	1.00	Director	$0	$0	$0
ERIN LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN PADNOS	DIRECTOR	1.00	Director	$0	$0	$0
SALLY PEEL	DIRECTOR	1.00	Director	$0	$0	$0
LISA QUARELLO	DIRECTOR	1.00	Director	$0	$0	$0
NATHALIE ROSEN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
TAREK SHAER	DIRECTOR	1.00	Director	$0	$0	$0
KATE SINCLAIR	DIRECTOR	1.00	Director	$0	$0	$0
ROGER SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL UNTON	DIRECTOR	1.00	Director	$0	$0	$0
HILARY MAHAN	EXECUTIVE DIRECTOR	30.00	Officer	$173,926	$0	$173,926
DAVID BRENNAN	DIR. DEV. & PTNRSHP (THRU 10/2024)	24.00	Highest	$140,076	$0	$140,076
MARIAN GUIRGUIS	DIRECTOR OF DEVELOPMENT	24.00	Highest	$128,509	$0	$128,509

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	$9,187,799	$9,377,315	$9,779,036	$-189,516
2024	No data	No data	No data	No data
2023	$8,464,710	$7,688,659	$9,570,806	$776,051
2022	$7,912,080	$6,978,603	$8,671,487	$933,477
2021	$5,989,769	$8,214,950	$7,915,914	$-2,225,181
2020	$7,553,742	$7,006,513	$8,730,507	$547,229
2019	$7,881,034	$7,556,053	$8,966,374	$324,981
2018	$7,792,926	$7,639,419	$8,564,766	$153,507

MANHATTAN BEACH EDUCATION FOUNDATION