PICO California

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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

2021

Legal Domicile

Principal Officer

Joseph Mckellar

Phone

9164477959

Tax Period

2023-01-01 to 2023-12-31

PICO California, founded in 2021, is a community nonprofit in the Public & Societal Benefit sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 125% operating deficit.

Mission

Our vision is a Moral Economy for California which includes structural campaigns that result in significant material improvements for the most vulnerable Californians: making affordable and dignified housing a human right, reducing the number of people incarcerated and increasing job and housing opportunities for those returning home, creating conditions for low-income workers to thrive in family-sustaining jobs, funding schools and communities more than law enforcement and prisons, ensuring inclusion of all immigrants and refugees, and creating a government that is effective in caring for all Californias.

Program Service Accomplishments

Program 1

Expenses: $4,446,389 Revenue: $167,665

In total in 2023, at PICO California we:- Conducted 80 research actions with 48 legislators- Organized 11 local public actions with 1,449 attendees- Made 6,053 total calls to legislators- Contacted 14,098 voters- Facilitated 155 local organizing teams- Reached 667,126 unique viewers and created 2,680,354 impressions with our communications materials- Video views: 82,390- New Social Media followers: 2,046- New email and text signups: 12,144- Grassroots financial contributions: 275- Press coverage: Ten mainstream media outletsWe estimate that our Home is Sacred policy priorities passed into law will benefit over two million Californians by closing common eviction loopholes, increasing the supply of affordable housing, and preventing evictions due to nuisance ordinances.

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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 $2,672,161

Program Service Revenue $167,665

Investment Income $160,589

Other Revenue $0

TOTAL REVENUE $3,000,415

Expense Breakdown

Grants Paid $2,184,688

Salaries & Benefits $2,221,071

Fundraising Expenses $552,831

Program Expenses $4,446,389

Other Expenses $2,330,892

TOTAL EXPENSES $6,736,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,000,415	$20,918,281	-0.9%
Expenses	$6,736,651	$4,895,196	+0.4%
Net Income	$-3,736,236	$16,023,085	-1.2%

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

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

$874,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Mckellar	Executive Dir.	40.00	Officer	$182,858	$35,891	$218,749
Stephanie Gut	formation dir.	40.00	Officer	$152,647	$26,932	$179,579
Eddie Carmona	Campaign dir.	40.00	Officer	$152,752	$18,541	$171,293
Anthony Gamblin	COO	40.00	Officer	$132,638	$23,272	$155,910
Calvin Abbasi	Communications Dir	40.00		$110,509	$37,310	$147,819
Jeremy Ziskind	Sr. Fund Dev. Mgr	40.00		$107,526	$31,470	$138,996
Alia Zaki Ludwig	Chief org. of.	40.00	Officer	$75,364	$24,061	$99,425
Sabrina Ward	Dir. of People	40.00	Officer	$42,490	$7,249	$49,739
Joy Johnson	Board Chair	2.00	Officer Director	$0	$0	$0
Gloria Morales-Palos	Secretary	2.00	Officer Director	$0	$0	$0
Benjamin Ross	Treasurer	2.00	Officer 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	No data	No data	No data	No data
2023	$3,000,415	$6,736,651	$17,451,577	$-3,736,236
2022	$20,918,281	$4,895,196	$21,514,791	$16,023,085
2021	$1,838,108	$16,532	$1,838,001	$1,821,576