CALIFORNIA COUNCIL ON ECONOMIC EDU… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

DENISE GUTIERREZ

Phone

3103732483

Tax Period

2022-07-01 to 2023-06-30

CALIFORNIA COUNCIL ON ECONOMIC EDUCATION, founded in 1963, is a small nonprofit that reported $549K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Expenses of $759K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE MISSION OF THE CALIFORNIA COUNCIL ON ECONOMIC EDUCATION IS TO IMPROVE CALIFORNIA'S ECONOMIC FUTURE BY TEACHING ECONOMICS AND FINANCIAL LITERACY, ESPECIALLY IN UNDER-SERVED COMMUNITIES. CCEE PROVIDES A BROAD RANGE OF RESOURCES AND TRAINING TO K-12 GRADE TEACHERS AND STUDENTS THROUGHOUT CALIFORNIA TO ENHANCE ECONOMIC AND FINANCIAL FLUENCY FOR TEACHERS, STUDENTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $104,966

JOHN NICKOLL PROGRAMS: THE JOHN NICKOLL FAMILY FINANCIAL LITERACY EVENTS PROVIDES FINANCIAL LITERACY EDUCATION FOR LOS ANGELES UNIFIED SCHOOL DISTRICT STUDENTS, TEACHERS AND THEIR FAMILIES. STUDENTS LEARN VALUABLE LESSONS SUCH AS BUDGETING, CREDIT, BANKING BASICS, AND INVESTING. THE ONLINE AND IN-PERSON EVENTS GIVES FINANCIAL PROFESSIONALS AN OPPORTUNITY TO VOLUNTEER AND SHARE VALABLE FINANCIAL EDUCATION TO HUNDREDS OF STUDENTS AND THEIR FAMILIES. $MARTPATH IS A DIGITAL PLATFORM DESIGNED TO ASSIST TEACHERS WITH THE DIFFICULT TASK OF TEACHING ECONOMICS AND PERSONAL FINANCE TO CHILDREN IN GRADES 1ST-8TH AMID STRICT STATE STANDARDIZED TESTING REQUIREMENTS OF MATH AND ENGLISH-LANGUAGE ARTS, OFTEN DISPLACING AND DE-PRIORITIZING OTHER SUBJECT COVERAGE. TEACHERS HAVE ACCESS TO CURRICULUM THAT CAN BE TAILORED TO CLASSROOM GOALS AND FORMAT, INCLUDING TEACHERS WITH LEARNERS ACROSS THE ADVANCEMENT SPECTRUM.

Program 2

Expenses: $17,028

FAMILY FINANCIAL FUN NIGHTS (FFFN) ARE A SCHOOL-SITE PROGRAM INTENDED PRIMARILY FOR ELEMENTARY SCHOOL SITES. THESE EVENTS BRING TOGETHER YOUNG STUDENTS AND THEIR PARENTS, FAMILIES AND THE EXTENDED...

FAMILY FINANCIAL FUN NIGHTS (FFFN) ARE A SCHOOL-SITE PROGRAM INTENDED PRIMARILY FOR ELEMENTARY SCHOOL SITES. THESE EVENTS BRING TOGETHER YOUNG STUDENTS AND THEIR PARENTS, FAMILIES AND THE EXTENDED SCHOOL COMMUNITY FOR ACTIVITY-DRIVEN EXCHANGES ON FOUNDATIONAL PERSONAL FINANCE CONCEPTS SUCH AS NEEDS VS WANTS, BUDGETING, SAVING, CAREER PLANNING AND MORE. CCEE HAS WORKED WITH OUR AFFILIATE CENTERS TO PROVIDE MULTIPLE SUCH EVENTS AT SCHOOLS IN LOW-TO-MODERATE INCOME (LMI) COMMUNITIES ACROSS ORANGE AND SAN DIEGO COUNTIES WITH PLANS TO REACH MORE SCHOOLS AND COMMUNITIES OF NEED ACROSS THE STATE.

Program 3

Expenses: $41,298

STUDENT CONTESTS COMPRISE A GROWING NUMBER OF EVENTS HELD THROUGHOUT THE YEAR, INCLUDING THE PERSONAL FINANCE CHALLENGE, THE NATIONAL ECONOMICS CHALLENGE, THE FINANCIAL ADVISER'S CONTEST AND THE...

STUDENT CONTESTS COMPRISE A GROWING NUMBER OF EVENTS HELD THROUGHOUT THE YEAR, INCLUDING THE PERSONAL FINANCE CHALLENGE, THE NATIONAL ECONOMICS CHALLENGE, THE FINANCIAL ADVISER'S CONTEST AND THE STOCK MARKET GAME. THESE EVENTS REACH THOUSANDS OF STUDENTS EACH YEAR AND PROVIDE NOVEL EXPERIENCES FOR STUDENTS TO APPLY THEIR LEARNING IN NON-CLASSROOM SETTINGS, BE MENTORED BY FINANCIAL PROFESSIONALS, SPEND TIME IN REAL-WORLD APPLICATIONS OF THE MATERIAL, AND ENJOY A COMPETITIVE EXPERIENCE WITH OTHER SIMILAR STUDENTS ACROSS THE STATE. THE IN-PERSON FINALS FOR THESE CULMINATE IN AN ON-SITE EXPERIENCE, TYPICALLY HELD AT A BRANCH LOCATION OF THE FEDERAL RESERVE BANK OF SAN FRANCISCO.

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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 (2022)

Revenue Breakdown

Contributions & Grants $655,255

Program Service Revenue $0

Investment Income $33,345

Other Revenue $-139,585

TOTAL REVENUE $549,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,801

Fundraising Expenses $147,678

Program Expenses $464,208

Other Expenses $326,524

TOTAL EXPENSES $759,325

Year-over-Year Comparison

	2022	2021	Change
Revenue	$549,015	$602,521	-0.1%
Expenses	$759,325	$708,368	+0.1%
Net Income	$-210,310	$-105,847	+1.0%

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

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

$153,057

Total Directors