ECONOMIC JUSTICE FUND

EIN: 823512608 501(c)(3) Public & Societal Benefit

Sacramento, CA

Total Revenue
$1,182,496
Total Expenses
$539,854
Total Assets
$1,376,524
Net Assets
$1,127,507
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
Scott Berman
Phone
9167584020
Tax Period
2024-01-01 to 2024-12-31

ECONOMIC JUSTICE FUND, founded in 2017, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $643K, a strong 54% operating margin.

Mission

The Economic Justice Fund is a mission-driven Community Development Financial Institution dedicated to empowering low-income individuals, families, and entrepreneurs to achieve their dreams. We provide affordable financing solutions through innovative financial products, character-based lending, credit-building services, and an unwavering commitment to our mission. Our vision is a financial system that provides equal access to financing and opportunity for all Americans.

Program Service Accomplishments

Program 1
Expenses: $452,546 Revenue: $83,220

Through innovative financial products, character-based lending, and a deep commitment to its mission, EJF originated nearly 200 loans in 2024, of which more than 70% went directly to low-income...

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Through innovative financial products, character-based lending, and a deep commitment to its mission, EJF originated nearly 200 loans in 2024, of which more than 70% went directly to low-income borrowers. In 2024, EJF's three main lending initiatives and programs listed below resulted in high-impact loans that enable borrowers who do not have access to affordable financing to pay an emergency expense, pay off a predatory loan, begin entrepreneurship, and build stronger credit histories. Equitable Opportunity Loan - Provides a safe and affordable alternative to payday and predatory small-dollar loans. The Equitable Opportunity Loan offers access to financing for low-income borrowers who urgently need loans but cannot access financing from traditional lenders. Credit-Building Initiative - Empowers borrowers to establish a positive credit history as EJF reports borrower loan data to Experian, TransUnion, and Equifax. The Credit-Building Initiative offers fair and affordable loans with credit education and coaching on financial planning and budgeting. Lifeline Pandemic Recovery Initiative - Provides loans to low-income borrowers struggling to recover from the economic consequences of the pandemic and the lack of access to fair and affordable financing. Lifeline loans empower individuals and entrepreneurs to escape predatory or high-interest-rate loans and regain financial stability.

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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 $1,099,276
Program Service Revenue $83,220
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,182,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $179,070
Fundraising Expenses $19,907
Program Expenses $452,546
Other Expenses $360,784
TOTAL EXPENSES $539,854

Year-over-Year Comparison

2024 2023 Change
Revenue $1,182,496 $528,166 +1.2%
Expenses $539,854 $179,973 +2.0%
Net Income $642,642 $348,193 +0.8%
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
5
Independent Members
5
Employees
1
Volunteers
5

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
4
$151,710
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Berman CEO 40
Officer
$136,395 $15,315 $151,710
Ruth Jaure President 1
Officer Director
$0 $0 $0
Olivia Rebanal Secretary 1
Officer Director
$0 $0 $0
Scott Sporte Treasurer 1
Officer Director
$0 $0 $0
Donna Gambrell Director 1
Director
$0 $0 $0
Abigail Suarez Director 1
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
2025 No data No data No data No data
2024 $1,182,496 $539,854 $1,376,524 $642,642
2023 $528,166 $179,973 $737,573 $348,193
2021 $172,014 $95,451 $399,809 $76,563
2019 $274,000 $133,673 $198,256 $140,327
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