CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT

EIN: 680387718 501(c)(3) Education

SACRAMENTO, CA

Total Revenue
$278,224
Total Expenses
$221,184
Total Assets
$723,350
Net Assets
$622,024
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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
1998
Legal Domicile
CA
Principal Officer
GURBAX SAHOTA
Phone
9164488252
Tax Period
2023-07-01 to 2024-06-30

CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT, founded in 1998, is a small nonprofit in the Education sector that reported $278K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $57K, a strong 21% operating margin.

Mission

DEVOTED TO CAREER TRAINING, COMMUNITY EDUCATION AND RESEARCH. BY EMPHASIZING INNOVATION AS WELL AS TESTED METHODS, WE STRIVE TO EDUCATE ECONOMIC DEVELOPERS AND COMMUNITIES ON BEST PRACTICES TO GROW HEALTHY & VIBRANT COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $25,263 Revenue: $27,050

CONDUCT ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING IDENTIFYING BEST PRACTICES, PARTNERING WITH LOCAL GOVERNMENT OFFICIALS, AND SUPPORTING AN ANNUAL ECONOMIC DEVELOPMENT CONFERENCE/TRAINING.

Program 2
Expenses: $160,994 Revenue: $10,992

THE OUTSMART DISASTER CAMPAIGN WAS DESIGNED BY CALIFORNIA'S BUSINESS CONSUMER SERVICES AND HOUSING AGENCY (BCSH) TO COMMUNICATE RISKS, PROVIDE RESOURCES, AND CALL TO ACTION BUSINESSES AND...

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THE OUTSMART DISASTER CAMPAIGN WAS DESIGNED BY CALIFORNIA'S BUSINESS CONSUMER SERVICES AND HOUSING AGENCY (BCSH) TO COMMUNICATE RISKS, PROVIDE RESOURCES, AND CALL TO ACTION BUSINESSES AND ORGANIZATIONS WITH THE GOAL OF COLLECTIVELY BECOMING MORE PREPARED TO REDUCE DAMAGES AND SPEED UP BUSINESS RECOVERY IN CALIFORNIA. WITH THE HELP OF THE STATE OF CA'S PARTNER, THE CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT (THE ACADEMY), THE GOAL OF THE CAMPAIGN IS TO ASSIST INTERESTED PARTICIPANTS IN THEIR ENDEAVOR TO BECOME RESILIENT. THE ACADEMY HAS A CONTRACT WITH THE STATE OF CA TO SERVE AS THE FISCAL AGENT AND MANAGING ENTITY FOR THE PROGRAM.

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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 $240,081
Program Service Revenue $38,042
Investment Income $101
Other Revenue $0
TOTAL REVENUE $278,224

Expense Breakdown

Grants Paid $12,982
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $186,257
Other Expenses $208,202
TOTAL EXPENSES $221,184

Year-over-Year Comparison

2023 2022 Change
Revenue $278,224 $233,292 +0.2%
Expenses $221,184 $227,374 0.0%
Net Income $57,040 $5,918 +8.6%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
$282,870
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN HAM CHAIRMAN 3.00
Officer Director
$0 $0 $0
BRUCE STENSLIE SEC/TREASURER 2.00
Officer Director
$0 $0 $0
LARRY VAUPEL DIRECTOR 1.00
Director
$0 $0 $0
AARON LAUREL DIRECTOR 1.00
Director
$0 $0 $0
ERIC ROMERO DIRECTOR 1.00
Director
$0 $0 $0
DWYANE DALMAN DIRECTOR 1.00
Director
$0 $0 $0
DAVID LYMAN DIRECTOR 1.00
Director
$0 $0 $0
MARGARET SILVEIRA DIRECTOR 1.00
Director
$0 $0 $0
CARRIE ROGERS DIRECTOR 1.00
Director
$0 $0 $0
JASON CARWFORD DIRECTOR 1.00
Director
$0 $0 $0
GURBAX SAHOTA EXECUTIVE DIRECTOR 10.00
Officer
$0 $18,780 $282,870
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
2025 No data No data No data No data
2024 $278,224 $221,184 $723,350 $57,040
2023 $233,292 $227,374 $622,295 $5,918
2022 $388,991 $380,662 $635,586 $8,329
2021 $100,508 $192,858 $570,554 $-92,350
2020 $676,180 $226,970 $657,031 $449,210
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