California Tax Education Council I… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

Fernando E Angell III CRTP

Phone

8778502832

Tax Period

2023-07-01 to 2024-06-30

California Tax Education Council Inc, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 7% surplus.

Mission

The California Tax Education Council (CTEC) will continue to establish professional tax education standards, approve tax education providers who comply with these standards and facilitate tax preparer compliance for the benefit of California taxpayers.

Program Service Accomplishments

Program 1

Expenses: $578,405

The organization has a number of other activities necessary to facilitate its primary goals. These other activities include, among others, review and approval of tax curriculum providers, issuance of certifications, background checks, hearings and appeals, and periodic reporting to the California legislature under a Sunset provision of the California Business and Professional Code, Chapter 14, Tax Preparers, Sections 22250-22259.

Program 2

Expenses: $433,606

The organization conducts a wide variety of far reaching public awareness programs to inform the public of the requirements for unlicensed tax preparers practicing in California, warn of the...

The organization conducts a wide variety of far reaching public awareness programs to inform the public of the requirements for unlicensed tax preparers practicing in California, warn of the potential issues of having tax returns prepared by unlicensed preparers, and educate the public on other matters of concern covered under the organization's mission.These programs are delivered in mutiple languages and in multiple formats such as social media advertisements, blog posts, radio, podcast and brochure.

Program 3

Expenses: $337,719

The organization issues certificates to tax preparers meeting minimum education requirements established by legislation.For the period and tax year ended June 30, 2024, the organization certified...

The organization issues certificates to tax preparers meeting minimum education requirements established by legislation.For the period and tax year ended June 30, 2024, the organization certified 38,553 individuals.

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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 $0

Program Service Revenue $2,002,070

Investment Income $37,305

Other Revenue $2,250

TOTAL REVENUE $2,041,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,648,878

Other Expenses $1,903,113

TOTAL EXPENSES $1,903,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,041,625	$1,707,869	+0.2%
Expenses	$1,903,113	$1,971,617	0.0%
Net Income	$138,512	$-263,748	-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
Susie L DiMaggio EA	Director	3.00	Director	$0	$0	$0
Michael Carr CRTP	Director	3.00	Director	$0	$0	$0
Karen De Vaney CRTP	Director	3.00	Director	$0	$0	$0
Yvette Rupp CRTP	Director	3.00	Director	$0	$0	$0
Aaron Chambers CRTP	Director	3.00	Director	$0	$0	$0
C Lester Crawford CRTP PFP	Director-Chair	3.00	Officer Director	$0	$0	$0
Ray Davis	Secretary	3.00	Officer Director	$0	$0	$0
Fernando E Angell III CRTP	Treasurer	3.00	Officer Director	$0	$0	$0
Jodi Runyan-Schechter CRTP	Director	3.00	Director	$0	$0	$0
Kaya Klotzek EA	Director	3.00	Director	$0	$0	$0
Robert Ovalle	Director	3.00	Director	$0	$0	$0
Lee Reams Sr BSME EA	Director	3.00	Director	$0	$0	$0
Tom O'Saben EA	Director	3.00	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
2025	No data	No data	No data	No data
2024	$2,041,625	$1,903,113	$1,134,962	$138,512
2023	$1,707,869	$1,971,617	$998,688	$-263,748
2022	$1,678,497	$1,657,576	$1,242,611	$20,921
2021	$1,675,383	$1,605,828	$1,310,148	$69,555
2020	$1,755,907	$2,050,785	$1,165,978	$-294,878
2019	$1,762,984	$1,795,687	$1,474,524	$-32,703

California Tax Education Council Inc