CENTER FOR ECONOMIC DEMOCRACY INC

EIN: 473589804 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$4,944,735
Total Expenses
$4,536,716
Total Assets
$16,276,551
Net Assets
$11,730,597
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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
MA
Principal Officer
AARON TANAKA
Phone
8778295500
Tax Period
2023-01-01 to 2023-12-31

CENTER FOR ECONOMIC DEMOCRACY INC, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $4.9M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $4.5M left a modest 8% surplus.

Mission

THE CENTER FOR ECONOMIC DEMOCRACY [C.E.D.] IS A U.S. SOCIAL MOVEMENT BUILDING ORGANIZATION, GROWING CAPACITY IN OUR COMMUNITIES TO TRANSFORM AMERICAN CAPITALISM INTO A MORE JUST, SUSTAINABLE AND DEMOCRATIC ECONOMY.

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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 $4,723,979
Program Service Revenue $199,341
Investment Income $21,415
Other Revenue $0
TOTAL REVENUE $4,944,735

Expense Breakdown

Grants Paid $481,745
Salaries & Benefits $2,791,773
Fundraising Expenses $83,416
Program Expenses $3,749,595
Other Expenses $1,263,198
TOTAL EXPENSES $4,536,716

Year-over-Year Comparison

2023 2022 Change
Revenue $4,944,735 $7,517,905 -0.3%
Expenses $4,536,716 $3,002,532 +0.5%
Net Income $408,019 $4,515,373 -0.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
38
Volunteers
480

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
5
$325,329
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KHALIDA SMALLS DIRECTOR 2.00
Director
$0 $0 $0
FARHAD EBRAHIMI DIRECTOR 2.00
Director
$0 $0 $0
TIFFANY BROWN DIRECTOR 2.00
Director
$0 $0 $0
SARAH JIMENEZ TREASURER 2.00
Officer Director
$0 $0 $0
PENN LOH PRESIDENT 2.00
Officer Director
$0 $0 $0
MARIA CHRISTINA BLANCO BOARD CLERK/OPERATION MANA 42.00
Officer
$60,150 $13,892 $74,042
AARON TANAKA EXECUTIVE DIRECTOR 40.00
Officer
$115,108 $10,517 $125,625
MARTIN FAMILIA SR. DIRECTOR OF FINANCE & HR 40.00
Officer
$115,144 $10,518 $125,662
YICHEN FENG MANAGING DIRECTOR, CAPITAL STRATEGIES 40.00
Highest
$130,671 $9,380 $140,051
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 $4,944,735 $4,536,716 $16,276,551 $408,019
2022 $7,517,905 $3,002,532 $15,917,380 $4,515,373
2021 $3,979,312 $2,734,017 $11,558,653 $1,245,295
2020 $6,158,264 $3,394,024 $9,063,197 $2,764,240
2019 $3,287,837 $1,419,174 $4,228,535 $1,868,663
2018 $1,179,179 $593,966 $957,029 $585,213
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