National Center for Employee Ownership

EIN: 521210536 501(c)(3)

Covina, CA

Total Revenue
$5,275,433
Total Expenses
$4,940,094
Total Assets
$4,341,477
Net Assets
$2,297,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CA
Principal Officer
Loren Rodgers
Phone
5102081318
Tax Period
2024-01-01 to 2024-12-31

National Center for Employee Ownership, founded in 1981, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $4.9M left a modest 6% surplus.

Mission

The NCEO is a self-sustaining nonprofit organization that provides practical resources and objective, reliable information about employee ownership to businesses, employees, and the public.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,717,190
Program Service Revenue $3,249,628
Investment Income $166,177
Other Revenue $142,438
TOTAL REVENUE $5,275,433

Expense Breakdown

Grants Paid $15,267
Salaries & Benefits $2,572,871
Fundraising Expenses $34,118
Program Expenses $3,082,334
Other Expenses $2,351,956
TOTAL EXPENSES $4,940,094

Year-over-Year Comparison

2024 2023 Change
Revenue $5,275,433 $4,442,185 +0.2%
Expenses $4,940,094 $4,225,396 +0.2%
Net Income $335,339 $216,789 +0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
17
Employees
23
Volunteers
20

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
3
$351,735
Total Directors
20
$297,283
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Loren Rodgers Exec Dir/Sectry 40.00
Officer
$175,294 $18,685 $193,979
Scott Rodrick Board/Staff 40.00
Director
$150,213 $21,299 $171,512
Nancy Wiefek Research Director 40.00
$148,316 $17,814 $166,130
Michelle Cronin Dir. of Fin/Op. 40.00
Officer
$134,238 $23,518 $157,756
Lindsay Isaac Education Director 40.00
$115,503 $11,839 $127,342
Ramona Brooks Membership Dir. 40.00
$113,989 $10,509 $124,498
Megan Bonwell Event Manager 40.00
$110,163 $9,604 $119,767
Elizabeta Shifrin Research Proj Mgr 40.00
$110,051 $3,192 $113,243
Timothy Garbinsky Staff Apptd Dir 40.00
Director
$97,536 $2,936 $100,472
Corey Rosen Exec Committee 40.00
Director
$24,529 $770 $25,299
Jennifer Briggs Chair 2.00
Officer Director
$0 $0 $0
Susan Kildahl Board Member 1.00
Director
$0 $0 $0
Donald Romine Board Member 1.00
Director
$0 $0 $0
Dan Markowitz Board Member 1.00
Director
$0 $0 $0
Richard Armstron Board Member 1.00
Director
$0 $0 $0
Lori Atone Board Member 1.00
Director
$0 $0 $0
Ted Becker Board Member 1.00
Director
$0 $0 $0
Haydee Caldero Board Member 1.00
Director
$0 $0 $0
Daniel Goldstein Board Member 1.00
Director
$0 $0 $0
Howard Kaplan Board Member 1.00
Director
$0 $0 $0
Todd Leverette Board Member 1.00
Director
$0 $0 $0
Linshuang Lu Board Member 1.00
Director
$0 $0 $0
Mike Mallaro Board Member 1.00
Director
$0 $0 $0
Scott Miller Board Member 1.00
Director
$0 $0 $0
Hugh Reynolds Board Member 1.00
Director
$0 $0 $0
Kerry Siggins Board Member 1.00
Director
$0 $0 $0
Victor Aspengren Board Member 2.00
Director
$0 $0 $0
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 $5,275,433 $4,940,094 $4,341,477 $335,339
2023 $4,442,185 $4,225,396 $3,555,868 $216,789
2022 $3,999,060 $3,731,685 $2,969,675 $267,375
2021 $3,448,060 $2,668,265 $2,735,195 $779,795
2020 $2,470,099 $2,320,329 $2,188,298 $149,770
2019 $3,229,927 $3,242,768 $1,691,680 $-12,841
2018 $2,979,919 $2,914,232 $1,404,271 $65,687
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