THE CENTER FOR ECONOMIC RESEARCH AND SOCIAL CHANGE INC (EIN 364400754) - 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

2000

Legal Domicile

Principal Officer

JULIE FAIN

Phone

7735837884

Tax Period

2023-09-01 to 2024-08-31

THE CENTER FOR ECONOMIC RESEARCH AND SOCIAL CHANGE INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.7M, a strong 18% operating margin.

Mission

Provide educational materials, information, and instruction on issues related to labor, civil, women's rights and other issues of social inequality and economic justice. The mission is carried out through a variety of means, including magazine, book, web-based publishing, and sponsorship of public meetings, seminars, and conferences.

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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 $5,532,277

Program Service Revenue $843,148

Investment Income $381,096

Other Revenue $2,488,195

TOTAL REVENUE $9,244,716

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $2,751,585

Fundraising Expenses $98,706

Program Expenses $7,038,239

Other Expenses $3,819,179

TOTAL EXPENSES $7,570,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,244,716	$9,689,434	0.0%
Expenses	$7,570,764	$5,537,264	+0.4%
Net Income	$1,673,952	$4,152,170	-0.6%

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

$73,196

Total Directors

$73,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE FAIN	President	40.00	Officer Director	$72,670	$526	$73,196
WILLIAM AYERS	Director	2.00	Director	$769	$0	$769
BRIAN JONES	Director	2.00	Director	$0	$0	$0
KEEANGA-YAMAHTTA TAYLOR	Director	2.00	Director	$0	$0	$0

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	$9,244,716	$7,570,764	$18,378,817	$1,673,952
2024	$8,530,329	$7,608,906	$17,427,716	$921,423
2023	$9,706,276	$5,177,863	$17,062,740	$4,528,413
2023	$9,689,434	$5,537,264	$16,671,229	$4,152,170
2022	$6,157,737	$4,213,462	$12,558,296	$1,944,275
2022	$6,156,937	$4,385,108	$12,325,637	$1,771,829
2021	$6,102,602	$4,455,031	$10,561,395	$1,647,571

THE CENTER FOR ECONOMIC RESEARCH AND SOCIAL CHANGE INC