CALIFORNIA CANNABIS INDUSTRY ASSOC… - 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

2013

Legal Domicile

Principal Officer

CAREN WOODSEN

Phone

8056890257

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA CANNABIS INDUSTRY ASSOCIATION, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $466K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $398K left a modest 15% surplus.

Mission

TO PROMOTE THE GROWTH OF A RESPONSIBLE AND LEGITIMATE CANNABIS INDUSTRY AND WORK FOR A FAVORABLE SOCIAL, ECONOMIC, AND LEGAL ENVIRONMENT FOR OUR INDUSTRY IN THE STATE OF CALIFORNIA

Program Service Accomplishments

Program 1

POLITICAL ADVOCACY: THE CALIFORNIA CANNABIS INDUSTRY ASSOCIATION WORKS WITH ELECTED OFFICIALS AND STAKEHOLDERS TO BE A RESOURCE OF INFORMATION FOR THE CANNABIS INDUSTRY. THE ASSOCIATION PROMOTES THE GROWTH OF A RESPONSIBLE AND LEGITIMATE CANNABIS INDUSTRY AND WORKS FOR A FAVORABLE SOCIAL, ECONOMIC, AND LEGAL ENVIRONMENT FOR THE INDUSTRY IN THE STATE OF CALIFORNIA. CCIA PUBLICLY ADVOCATES FOR THE UNIQUE NEEDS OF THE EMERGING CANNABIS INDUSTRY AND DEFENDS AGAINST THREATS TO THE LEGAL MARKET FOR CANNABIS-RELATED PRODUCTS.

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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 $465,782

Program Service Revenue $0

Investment Income $63

Other Revenue $35

TOTAL REVENUE $465,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,177

Fundraising Expenses $0

Other Expenses $288,078

TOTAL EXPENSES $398,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$465,880	$560,063	-0.2%
Expenses	$398,255	$600,889	-0.3%
Net Income	$67,625	$-40,826	-2.7%

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

$59,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA EPSTEIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
EDWARD FRANCO	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
CAREN WOODSEN	SECRETARY	0.50	Officer Director	$0	$0	$0
AUTUMN SHELTON	TREASURER	0.50	Officer Director	$0	$0	$0
NICOLE PHILLIS	DIRECTOR	0.50	Director	$0	$0	$0
LAURA FOGELMAN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAELA SWEATT	DIRECTOR	0.50	Director	$0	$0	$0
JOSH WURZER	DIRECTOR	0.50	Director	$0	$0	$0
YVETTE MCDOWELL	DIRECTOR	0.50	Director	$0	$0	$0
TIFFANY DEVITT	DIRECTOR	0.50	Director	$0	$0	$0
JOCELYN SHELTRAW	DIRECTOR	0.50	Director	$0	$0	$0
SABRINA NOAH	DIRECTOR	0.50	Director	$0	$0	$0
TIM MORLAND	DIRECTOR	0.50	Director	$0	$0	$0
CONRAD GREGORY	DIRECTOR	0.50	Director	$0	$0	$0
DARIUS KEMP	DIRECTOR	0.50	Director	$0	$0	$0
LINDSAY ROBINSON	EXECUTIVE DIRECTOR	40.00	Officer	$53,400	$6,562	$59,962

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	No data	No data	No data	No data
2023	$465,880	$398,255	$136,957	$67,625
2022	$560,063	$600,889	$33,472	$-40,826
2021	$677,156	$684,026	$59,303	$-6,870
2020	$701,081	$728,930	$53,914	$-27,849
2019	$1,139,905	$1,095,479	$95,063	$44,426
2018	$999,318	$1,007,437	$49,217	$-8,119

CALIFORNIA CANNABIS INDUSTRY ASSOCIATION