FOUNDATION FOR CALIFORNIAS TECHNOLOGY AND INNOVATION ECONOMY (EIN 822454479) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

GINA FRISBY

Phone

2134526565

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR CALIFORNIAS TECHNOLOGY AND INNOVATION ECONOMY, founded in 2017, is a micro nonprofit in the Science & Technology sector that reported $32K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $83K exceeded revenue, resulting in a 156% operating deficit.

Mission

EDUCATING CALIFORNIANS ABOUT THE VITAL ROLE TECHNOLOGY AND INNOVATION PLAYS IN THE ECONOMIC AND CIVIC SUCCESS OF OUR STATE. THROUGH EDUCATION EVENTS, RESEARCH, COMMUNICATIONS, OUTREACH AND ADVOCACY, THE ORGANIZATION WILL SHOWCASE HOW THE TECHNOLOGY AND INNOVATION SECTOR CREATES JOBS, BENEFITS THE STATE BUDGET AND PROMOTES CIVIC ENGAGEMENT.

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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 $181,300

Program Service Revenue $0

Investment Income $0

Other Revenue $-149,042

TOTAL REVENUE $32,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,385

Program Expenses $36,000

Other Expenses $82,724

TOTAL EXPENSES $82,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,258	$209,957	-0.8%
Expenses	$82,724	$105,725	-0.2%
Net Income	$-50,466	$104,232	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GILBERT WONG	PRESIDENT/DIRECTOR	1.00	Officer	$0	$0	$0
ALINA HERNANDEZ	SECRETARY/DIRECTOR	1.00	Officer	$0	$0	$0
GINA FRISBY	TREASURER/DIRECTOR	1.00	Officer	$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	No data	No data	No data	No data
2023	$32,258	$82,724	$529,161	$-50,466
2022	$209,957	$105,725	$579,627	$104,232
2021	$227,053	$83,533	$475,395	$143,520
2020	$135,320	$32,118	$331,875	$103,202
2019	$553,282	$486,054	$228,673	$67,228
2018	$88,291	$64,112	$161,445	$24,179

FOUNDATION FOR CALIFORNIAS TECHNOLOGY AND INNOVATION ECONOMY