GLENDALE, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY FOUNDATION OF THE VERDUGOS, founded in 1956, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $888K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 15% operating deficit.
BY COMBINING THE POWER OF DONORS AND CHARITABLE ORGANIZATIONS, THE COMMUNITY FOUNDATION OF THE VERDUGOS INCREASES THE RELIABILITY AND IMPACT OF NON-PROFITS BY ESTABLISHING ENDOWED FUNDS THAT SUPPORT THE IMPACT OF SELF-RELIANT ORGANIZATION THROUGH GRANTS.
DONOR RESTRICTED PASSTHOUGH FUND AND ENDOWMENT FUND GRANTS: PROVIDED AWARDS TO QUALIFIED CHARITABLE INSTITUTIONS IN ACCORDANCE WITH THE WISHES AND ADVICE OF DONORS. GRANTS ARE MADE FROM PASSTHROUGH...
DONOR RESTRICTED PASSTHOUGH FUND AND ENDOWMENT FUND GRANTS: PROVIDED AWARDS TO QUALIFIED CHARITABLE INSTITUTIONS IN ACCORDANCE WITH THE WISHES AND ADVICE OF DONORS. GRANTS ARE MADE FROM PASSTHROUGH FUNDS AND ENDOWMENT FUNDS. EACH "ADVISEMENT" MUST MEET GUIDELINES OUTLINED BY THE FOUNDATION, WHICH INCLUDES THAT THE RECIPIENT CHARITABLE INSTITUTION BE IN GOOD STANDING, AND THAT THE GRANT IS GOING TOWARD A CHARITABLE PURPOSE OR NEED. THE FOUNDATION MUST ALSO ASSURE THAT THE GRANT IS NOT INTENDED TO COVER THE COSTS OF EVENT TICKETS IN WHICH A BENEFIT MAY BE RECEIVED BY THE DONORS, ADVISORS, OR ANY RELATED PARTIES. FURTHER, THESE GRANTS CANNOT PROVIDE THE DONORS, ADVISORS, OR ANY RELATED PARTIES WITH ANY BENEFIT THAT COULD BE DEFINED AS A GRANT, LOAN, COMPENSATION, OR SIMILAR PAYMENTS. FURTHER THE FOUNDATION MUST ALSO ENSURE THAT THE GRANT DOES NOT REPRESENT THE PAYMENT OF ANY LEGALLY BINDING PLEDGE OR OTHER FINANCIAL OBLIGATION OF THE DONORS, ADVISORS, OR ANY RELATED PARTIES. EACH FUND IS TRACKED INDIVIDUALLY USING FUND ACCOUNTING BEST PRACTICES. THEREFORE, THE TWO STAFF MEMBERS SPEND CONSIDERABLE TIME MANAGING AND RECORDING TRANSACTIONS AND ACTIVITIES FROM DIFFERENT FUNDS EACH MONTH.
SCHOLARSHIPS (GRANTS): AMOUNTS ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS UPON RECEIPT OF PROOF OF ENROLLMENT OF RECIPIENT STUDENTS. AMOUNTS ARE NEVER PAID DIRECTLY TO AN INDIVIDUAL. THE...
SCHOLARSHIPS (GRANTS): AMOUNTS ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS UPON RECEIPT OF PROOF OF ENROLLMENT OF RECIPIENT STUDENTS. AMOUNTS ARE NEVER PAID DIRECTLY TO AN INDIVIDUAL. THE SCHOLARSHIP PROGRAM RUNS ALL YEAR LONG WITH ALL TWO STAFF INVOLVED IN SOME OR ALL ASPECTS OF THE ACTIVITIES. THE SCHOLARSHIP PROGRAM IS A LARGER PART OF THE FOUNDATION'S WORK AND NO FUNDRAISING ACTIVITIES TAKE PLACE AS THE PURPOSE IS TO ISSUE SCHOLARSHIPS/GRANTS FROM FUNDS THAT ARE RESTRICTED. THERE ARE COSTS ASSOCIATED WITH THIS OVERALL PROGRAM THAT ARE INCORPORATED INTO THE OPERATIONAL BUDGET FOR THE FOUNDATION.
UNRESTRICTED AND BOARD DESIGNATED GRANTS: PROVIDING AWARDS TO CHARITABLE ORGANIZATIONS (UPON THEIR SUBMISSION OF AN APPLICATION TO ONE COMPETITIVE GRANTMAKING CYCLE ANNUALLY). THERE ARE TWO STAFF...
UNRESTRICTED AND BOARD DESIGNATED GRANTS: PROVIDING AWARDS TO CHARITABLE ORGANIZATIONS (UPON THEIR SUBMISSION OF AN APPLICATION TO ONE COMPETITIVE GRANTMAKING CYCLE ANNUALLY). THERE ARE TWO STAFF MEMBERS EMPLOYED TO ASSIST WITH THE FOUNDATION'S ANNUAL OPERATIONS. GRANTS ARE MADE FOR THE PHYSICAL, SOCIAL, MENTAL, AND EDUCATIONAL WELL-BEING OF RESIDENTS RESIDING IN BURBANK, GLENDALE AND THE FOOTHILL COMMUNITIES OF LA CANADA, LA CRESCENTA, MONTROSE, AND VERDUGO CITY INCLUDING COMMUNITIES SURROUNDING THIS AREA. GRANTS ARE MADE TO AREA NONPROFITS FOR PROGRAMS AND SERVICES RANGING FROM HEALTHCARE NEEDS AND SOCIAL SERVICES, TO THE ARTS, EDUCATION, CIVIC NEEDS, AND ENVIRONMENTAL AND ANIMAL WELFARE SERVICES. BECAUSE OF THE COMPLEXITY OF TRACKING EXPENSES SPENT IN THE ISSUANCE OF GRANTS (AND IN THE REQUESTING OF FOLLOW-UP REPORTS FROM NONPROFITS RECEIVING GRANTS) AND IN TRACKING EXPENSES SPENT IN THE CULTIVATION OF DONORS WISHING TO IMPLEMENT A DONOR ADVISED FUND, TRACKING SPECIFIC ACTIVITIES TO EACH GRANT OR DONOR RELATION WOULD BE IMPRACTICAL. THE FOUNDATION DOES NOT DO ANNUAL CAMPAIGNS OR GALAS OR OTHER FUNDRAISING ACTIVITIES THAT MANY NONPROFITS TAKE PART IN BUT, RATHER, RELIES MORE ON BUILDING ONE-ON -ONE RELATIONSHIPS WITH DONORS AND PROSPECTIVE DONORS THROUGH PLANNED GIVING AND BEQUEST EFFORTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $887,533 | $2,024,256 | -0.6% |
| Expenses | $1,022,355 | $937,693 | +0.1% |
| Net Income | $-134,822 | $1,086,563 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EDNA KARINSKI | CEO | 50.00 |
|
$109,100 | $10,500 | $119,600 |
| LISA KOONTZ | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| SHELDON ESKIN | Chairman | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| ADEL LUZURIAGA | CFO | 0.00 |
Officer
Director
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$0 | $0 | $0 |
| PETER BAGHDASSARIAN | Secretary | 0.00 |
Officer
Director
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$0 | $0 | $0 |
| DELYNN RUSSELL | Director | 0.00 |
Director
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$0 | $0 | $0 |
| MARY BEDROSIAN-VALENCIA | Director | 0.00 |
Director
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$0 | $0 | $0 |
| MICHAEL W DEAKTOR | Director | 0.00 |
Director
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$0 | $0 | $0 |
| JUDITH DELLINGER | Director | 0.00 |
Director
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$0 | $0 | $0 |
| NANCY GUILLEN | Director | 0.00 |
Director
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$0 | $0 | $0 |
| SEOK JO | Director | 0.00 |
Director
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$0 | $0 | $0 |
| MANNY MASHHOUD | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY MCQUAY | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $887,533 | $1,022,355 | $14,058,295 | $-134,822 |
| 2022 | $2,024,256 | $937,693 | $12,922,942 | $1,086,563 |
| 2021 | $1,380,190 | $1,000,819 | $13,856,761 | $379,371 |
| 2020 | $932,686 | $1,069,708 | $12,977,106 | $-137,022 |
| 2019 | $1,077,792 | $1,265,780 | $12,405,653 | $-187,988 |
| 2018 | $1,189,535 | $1,116,717 | $11,080,369 | $72,818 |
Compare COMMUNITY FOUNDATION OF THE VERDUGOS with other nonprofits in California and across the country.