CENTER FOR ECONOMIC DEMOCRACY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $3,749,595 Revenue: $199,341

CENTER FOR ECONOMIC DEMOCRACY EXPANDED THE REACH OF ITS EDUCATIONAL PROGRAMMING BY RELEASING AND PROMOTING FREE, OPEN SOURCE CURRICULUM ON ECONOMICS, POLITICS AND HISTORY, DOWNLOADED BY THOUSANDS OF USERS ACROSS THE US. CED ALSO ADVOCATED FOR AND SAW THE APPOINTMENT OF MEMBERS TO GOVERNANCE BODIES OF NEWLY CREATED OFFICE OF PARTICIPATORY BUDGETING IN BOSTON, AND THE CENTER FOR EMPLOYEE OWNERSHIP IN MASSACHUSETTS. CED ALSO MANAGED THE SOLIDARITY ECONOMY INITIATIVE FUND, WHICH DISTRIBUTED $600K TO COMMUNITY ORGANIZATIONS AND SOLIDARITY ECONOMY PROJECTS THROUGH A PARTICIPATORY GRANT-MAKING PROCESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$325,329

Total Directors

Key Employees

Highest Compensated

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