CALIFORNIA FOUNDATION FOR COMMERCE… - 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

1952

Legal Domicile

Principal Officer

LOREN KAYE

Phone

9164446670

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA FOUNDATION FOR COMMERCE & EDUCATION, founded in 1952, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $586K in total revenue in fiscal year 2023. Revenue surged 153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $316K, a strong 54% operating margin.

Mission

THE ORGANIZATION CARRIES OUT ITS EXEMPT PURPOSE BY EDUCATING THE PUBLIC AND POLICYMAKERS ON PRIVATE ENTERPRISE AND A STRONG ECONOMIC BASE; IMPARTIAL AND OBJECTIVE RESEARCH AND ANALYSIS OF PUBLIC POLICY ISSUES; EDUCATION AND OUTREACH EFFORTS IN SUPPORT OF RESEARCH AND PUBLIC POLICY FINDINGS AND RECOMMENDATIONS.

Program Service Accomplishments

Program 1

Expenses: $119,641

TECHNOLOGY POLICY RESEARCH: RESEARCH AND ANALYSIS OF THE IMPACT OF ANTITRUST LEGISLATION ON THE DEVELOPMENT OF NEW TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE.

Program 2

Expenses: $111,250 Revenue: $115,000

KAISER CAPITOL IMPACT: PROVIDE SUPPORT FOR THE IMPLEMENTATION OF THE PROMISE TO CAREER CONSTRUCTION SCHOLARSHIP PROGRAM AT LOS RIOS COMMUNITY COLLEGE DISTRICT, THE PREFERRED TALENT PROVIDER THAT...

KAISER CAPITOL IMPACT: PROVIDE SUPPORT FOR THE IMPLEMENTATION OF THE PROMISE TO CAREER CONSTRUCTION SCHOLARSHIP PROGRAM AT LOS RIOS COMMUNITY COLLEGE DISTRICT, THE PREFERRED TALENT PROVIDER THAT SERVES THE HEALTH CARE CONSTRUCTION COLLABORATIVES PRIORITY POPULATIONS. THE SCHOLARSHIP HAS SUPPORTED MORE THAN 50 INDIVIDUALS SINCE ITS INCEPTION.

Program 3

Expenses: $17,469

ENVIRONMENT & PANDEMIC RESEARCH: SURVEY RESEARCH AND ANALYSIS OF PROPOSALS TO RAISE UPPER-EARNER INCOME TAXES TO SUPPORT A VARIETY OF PROGRAMS, SUCH AS ELECTRIC VEHICLE DEPLOYMENT AND PANDEMIC...

ENVIRONMENT & PANDEMIC RESEARCH: SURVEY RESEARCH AND ANALYSIS OF PROPOSALS TO RAISE UPPER-EARNER INCOME TAXES TO SUPPORT A VARIETY OF PROGRAMS, SUCH AS ELECTRIC VEHICLE DEPLOYMENT AND PANDEMIC RESEARCH AND PREPARATION.

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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 $470,500

Program Service Revenue $115,000

Investment Income $3

Other Revenue $0

TOTAL REVENUE $585,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $266,391

Other Expenses $269,318

TOTAL EXPENSES $269,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$585,503	$231,403	+1.5%
Expenses	$269,318	$219,486	+0.2%
Net Income	$316,185	$11,917	+25.5%

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

N/A

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

$1,779,432

Total Directors

$239,526

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE WASYLKIW	SECRETARY	0.50	Director	$0	$22,253	$239,526
GREGORY BIELLI	DIRECTOR	0.20	Director	$0	$0	$0
JANET LIANG	DIRECTOR	0.20	Director	$0	$0	$0
MARYAM BROWN	DIRECTOR	0.20	Director	$0	$0	$0
JOHN STOWELL	DIRECTOR	0.20	Director	$0	$0	$0
SUSAN CORRALEZ-DIAZ	DIRECTOR	0.20	Director	$0	$0	$0
JOHN BOYLE	DIRECTOR	0.20	Director	$0	$0	$0
STUART WOOLF	DIRECTOR	0.20	Director	$0	$0	$0
KAILESH KARAVADRA	DIRECTOR	0.20	Director	$0	$0	$0
SIMA PATEL	DIRECTOR	0.20	Director	$0	$0	$0
DONNA LUCAS	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER BARRERA	DIRECTOR	0.50	Officer	$0	$65,938	$957,673
LOREN KAYE	PRESIDENT	20.00	Officer	$0	$71,881	$412,658
ANA GRETEL TORTOLANI	TREASURER	0.50	Officer	$0	$45,994	$409,101

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	$585,503	$269,318	$424,452	$316,185
2022	$231,403	$219,486	$108,267	$11,917
2021	$172,370	$155,538	$96,350	$16,832
2020	$99,965	$168,198	$79,518	$-68,233

CALIFORNIA FOUNDATION FOR COMMERCE & EDUCATION