Whittier City School District Financing Corporation

Nonprofit profile at a glance

EIN
911876078
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Whittier, CA, USA
Phone
5627893000
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$718,603
Expenses
$697,435
Assets
$9,780,173
Liabilities
$8,025,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • LINDA SMALL (PRESIDENT)
  • JENNIFER DE BACA SANDOVAL (VICE PRESIDENT)

Highest reported compensation

  • RAQUEL GASPORRA (ASST. SUPT. BUSINESS SERVI): $270,276 total reported compensation
  • CONNIE CONTRERAS (ADMIN. ASSISTANT): $121,983 total reported compensation
  • LINDA SMALL (PRESIDENT): $24,318 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Render financial assistance to the whittier city school district.

What it reported doing in 2024

The financing corporation primary purpose is to render financial assistance to the whittier city school district by financing, refinancing, aquiring, construction, improving, leasing and selling buildings, building improvements, equipment and other public improvements, lands, and any other real estate or personal property for the benefit of the district and any persons residing therein.the financing corporation currently holds a lease receivable and related debt for the 2015 issuance of certificates of participation (cops). The cops are issued pursuant to a trust agreement between the financing corporation and the school district.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 60
  • Accountability: 77
  • Sustainability: 52
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.3%; rating input score 87
  • Program expense ratio: 92.8%; rating input score 93
  • 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.9%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 14.02; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.82; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 19.2%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -19.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 1.8% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: -4.8% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 87.3% of revenue deployed · 92.8% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $647K in reported program spending
  • Leadership: top reported pay $270K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.