Fact Foundation

Nonprofit profile at a glance

EIN
951696706
IRS 990 coverage
2009–2020
Forms available
Form 990 2020, Form 990-T 2020
Location
Glendale, CA, USA
Phone
8182544100
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Teachers Retirement Fund Association

Reported finances

Revenue
$351,797
Expenses
$278,993
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Keith Church (President/CEO)

Highest reported compensation

  • Eduardo Salvador (CFO): $545,591 total reported compensation
  • Keith Church (President/CEO): $204,540 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the organization is to raise funds to support housing, health care and other services for the residents of villa gardens and vista del monte retirement communities. In addition to programs of assistance to residents who experience financial hardship, the foundation also raises and distributes funds for the purchase of equipment to improve the resident's quality of life, the renovation and replacement of existing capital assets and employee scholarships. The foundation also administers disaster assistance funds contributed by California teachers. These funds are used to provide grants to California teachers in accordance with guidelines received from the California teacher's association

What it reported doing in 2020

The foundation raises and distributes funds for the residents of villa gardens and vista del monte retirement communities. Assistance is provided to residents who experience financial hardship and for the purchase of equipment to improve the residents' quality of life.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 71
  • Accountability: 91
  • Sustainability: 33
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.9%; rating input score 94
  • Program expense ratio: 49.8%; rating input score 50
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20.7%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 268.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -3.3% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: 8.7% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: -1.9% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 93.9% of revenue deployed · 49.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $139K in reported program spending
  • Leadership: top reported pay $546K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.