CERES INC (EIN 223053747) - 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

1990

Legal Domicile

Principal Officer

MINDY LUBBER

Phone

6172470700

Tax Period

2023-11-01 to 2024-10-31

CERES INC, founded in 1990, is a mid-sized nonprofit in the Environment sector that reported $40.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

CERES IS A NONPROFIT ADVOCACY ORGANIZATION WORKING TO ACCELERATE THE TRANSITION TO A CLEANER, MORE JUST, AND RESILIENT WORLD. THROUGH EDUCATION AND RESEARCH, WE MAKE THE BUSINESS CASE FOR ACTION ON THE MOST PRESSING SUSTAINABILITY CHALLENGES FACING OUR ECONOMY TODAY: CLIMATE CHANGE, WATER SCARCITY AND POLLUTION, AND NATURE AND BIODIVERSITY LOSS. WITH DATA-DRIVEN RESEARCH AND EXPERT ANALYSIS, WE INSPIRE INVESTORS AND COMPANIES TO ACT ON THESE GLOBAL CHALLENGES AND ADVOCATE FOR MARKET AND POLICY SOLUTIONS.

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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 $36,311,498

Program Service Revenue $4,357,398

Investment Income $283,830

Other Revenue $-32,276

TOTAL REVENUE $40,920,450

Expense Breakdown

Grants Paid $8,983,926

Salaries & Benefits $27,776,886

Fundraising Expenses $2,939,940

Program Expenses $36,811,214

Other Expenses $7,472,408

TOTAL EXPENSES $44,254,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,920,450	$43,487,488	-0.1%
Expenses	$44,254,220	$41,602,787	+0.1%
Net Income	$-3,333,770	$1,884,701	-2.8%

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

285

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

$1,705,492

Total Directors

$352,687

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGES BENJAMIN	DIRECTOR (UNTIL OCT. 2024)	5.00	Director	$0	$0	$0
LOREN BLACKFORD	DIRECTOR	5.00	Director	$0	$0	$0
BILL DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
TONY DAVIS	CO-CHAIR	5.00	Officer Director	$0	$0	$0
THOMAS DINAPOLI	DIRECTOR	5.00	Director	$0	$0	$0
VERONICA EADY	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL FRERICHS	DIRECTOR	5.00	Director	$0	$0	$0
MARCIE FROST	DIRECTOR	5.00	Director	$0	$0	$0
MICHEL GELOBTER	DIRECTOR (UNTIL OCT. 2024)	5.00	Director	$0	$0	$0
CHRIS GOOLGASIAN	DIRECTOR	5.00	Director	$0	$0	$0
RALPH IZZO	DIRECTOR	5.00	Director	$0	$0	$0
KIRSTY JENKINSON	DIRECTOR	5.00	Director	$0	$0	$0
BRAD LANDER	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT LITTERMAN	DIRECTOR	5.00	Director	$0	$0	$0
BERTRAND MILLOT	DIRECTOR	5.00	Director	$0	$0	$0
JACQUELINE PATTERSON	DIRECTOR	5.00	Director	$0	$0	$0
JANET RANGANATHAN	CO-CHAIR	5.00	Officer Director	$0	$0	$0
PETER ROSENBLUM	DIRECTOR (UNTIL OCT. 2024)	5.00	Director	$0	$0	$0
BARNEY SCHAUBLE	CHAIR (UNTIL JUNE 2024)	5.00	Officer Director	$0	$0	$0
ALICIA SEIGER	SECRETARY	5.00	Officer Director	$0	$0	$0
ANNE SIMPSON	DIRECTOR	5.00	Director	$0	$0	$0
DEBBIE SIMPSON	DIRECTOR	5.00	Director	$0	$0	$0
VIEN TRUONG	DIRECTOR	5.00	Director	$0	$0	$0
ION YADIGAROGLU	DIRECTOR	5.00	Director	$0	$0	$0
BETTY YEE	TREASURER	5.00	Officer Director	$0	$0	$0
MINDY LUBBER	CEO AND PRESIDENT	40.00	Officer Director	$311,427	$41,260	$352,687
SUSAN SAYERS	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$288,120	$41,852	$329,972
DAWN MARTIN UNTIL AUG 2024	EXEC. VP & CHIEF PROGRAM OFFICER	40.00	Officer	$255,415	$25,089	$280,504
SUSAN BOYER	CHIEF FINAN. & ADMIN. OFFICER	40.00	Officer	$252,762	$43,764	$296,526
DONNA DANIELS	CHIEF PEOPLE & DIVERSITY OFFICER	40.00	Officer	$216,420	$22,499	$238,919
MICHAEL BOUDETT	GENERAL COUNSEL	40.00	Officer	$198,392	$8,492	$206,884
STEVEN ROTHSTEIN	MANAGING DIRECTOR	40.00	Highest	$235,895	$36,844	$272,739
DAVID ZIV-KREGER	VP, FOUNDATION DEVELOPMENT	40.00	Highest	$215,795	$38,892	$254,687
ANNE KELLY	VP, GOVERNMENT RELATIONS	40.00	Highest	$214,649	$9,275	$223,924
KIRSTEN SPALDING	VP, INVESTOR NETWORK	40.00	Highest	$202,771	$50,761	$253,532
LESLIE CORDES	VP, PROGRAMS	40.00	Highest	$200,759	$10,899	$211,658

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	$40,920,450	$44,254,220	$39,036,636	$-3,333,770
2023	$43,487,488	$41,602,787	$43,309,140	$1,884,701
2022	$31,657,448	$36,447,020	$41,047,029	$-4,789,572
2021	$44,457,965	$26,847,267	$45,325,366	$17,610,698
2020	$24,614,571	$21,716,189	$29,352,442	$2,898,382
2019	$20,910,907	$18,499,663	$23,270,128	$2,411,244
2018	$20,312,659	$16,823,121	$20,690,578	$3,489,538

CERES INC