THE LOS ANGELES COALITION FOR THE ECONOMY & JOBS

EIN: 464589086 501(c)(3)

LOS ANGELES, CA

Total Revenue
$252,500
Total Expenses
$323,132
Total Assets
$18,044
Net Assets
$18,044
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
SEAN BURTON
Phone
3105668700
Tax Period
2023-01-01 to 2023-12-31

THE LOS ANGELES COALITION FOR THE ECONOMY & JOBS, founded in 2014, is a small nonprofit that reported $252K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $323K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE LOS ANGELES COALITION FOR THE ECONOMY & JOBS (THE COALITION) IS AN INDEPENDENT, BIPARTISAN MEMBERSHIP ORGANIZATION, ESTABLISHED IN 2009 (OPERATED UNDER A FISCAL SPONSORSHIP FOR THE FIRST FEW YEARS OF EXISTENCE), TO BRING TOGETHER LEADERS FROM THE REGION'S BUSINESS, LABOR, ACADEMIC, AND NONPROFIT COMMUNITIES TO ADVANCE SOUND POLICY INITIATIVES THAT WILL HELP TO RESPONSIBLY GROW THE ECONOMY AND CREATED QUALIFY JOBS THROUGHOUT THE LOS ANGELES (L.A.) REGION. L.A'S HISTORY HAS SHOWN THAT IN KEY MOMENTS THE REGION'S LEADERS HAVE COME TOGETHER TO ENSURE THAT L.A. IS THE TOP REGION TO INVEST IN, DEVELOP SKILLED AND CONFIDENT ENTREPRENEURS AND DRIVE CREATIVE AND INNOVATIVE IDEAS THROUGH AN EDUCATION WORKFORCE. THE COALITION FOCUSES THEIR EFFORTS ON THE FOLLOWING INITIATIVES TO SPUR ECONOMIC GROWTH AND JOB CREATION IN THE REGION: 1) WORLD CLASS TRANSPORTATION SYSTEM: FACILITATE THE MOVEMENT OF PEOPLE, GOODS, SERVICES AND INFORMATION 2) WORLD CLASS ECONOMY: POSITION L.A. AS A COMPETITIVE LOCATION THAT PRODUCES PROSPERITY FOR BUSINESSES, ENTREPRENEURS AND CITIZENS 3) WORLD CLASS CITY: FOSTER A HIGH AND RISING QUALITY OF LIFE STANDARD

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $252,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $252,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $280,549
Fundraising Expenses $28,816
Program Expenses $229,471
Other Expenses $42,583
TOTAL EXPENSES $323,132

Year-over-Year Comparison

2023 2022 Change
Revenue $252,500 $332,500 -0.2%
Expenses $323,132 $409,643 -0.2%
Net Income $-70,632 $-77,143 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
35

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
4
$266,477
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL GOLDSMITH DIRECTOR, CHAIRMAN 0.25
Director
$0 $0 $0
GARY J FREEDMAN DIRECTOR, TREASURER 1.00
Officer Director
$0 $0 $0
ELISE BUIK DIRECTOR 0.25
Director
$0 $0 $0
ART GASTELUM DIRECTOR 0.25
Director
$0 $0 $0
MEL LEVINE DIRECTOR 0.10
Director
$0 $0 $0
RICHARD KATZ DIRECTOR 0.25
Director
$0 $0 $0
SEAN BURTON DIRECTOR, CO-CHAIR 0.50
Officer Director
$0 $0 $0
KEVIN DEMOFF DIRECTOR, CO-CHAIR 0.50
Officer Director
$0 $0 $0
MIGUEL SANTANA DIRECTOR 0.25
Director
$0 $0 $0
ANDREW MCDONALD DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL H KELLY SEE SCH O 50.00
Officer
$265,645 $832 $266,477
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
2023 $252,500 $323,132 $18,044 $-70,632
2022 $332,500 $409,643 $88,676 $-77,143
2021 $390,000 $476,381 $165,819 $-86,381
2020 $459,100 $489,720 $252,200 $-30,620
2019 $495,000 $617,897 $282,820 $-122,897
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