CALIFORNIA FEDERATION OF TEACHERS … - 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

1919

Legal Domicile

Principal Officer

L LACY BARNES

Phone

8188438226

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA FEDERATION OF TEACHERS AFT 8004, founded in 1919, is a mid-sized nonprofit that reported $24.7M in total revenue in fiscal year 2023. The organization ran a surplus of $5.9M, a strong 24% operating margin.

Mission

SCHOLARSHIPS ARE GIVEN TO WELL DESERVING HIGH SCHOOL STUDENTS TO ASSIST THEM IN PURSUING THEIR COLLEGE EDUCATION.

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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 $913,598

Program Service Revenue $22,586,947

Investment Income $531,163

Other Revenue $644,437

TOTAL REVENUE $24,676,145

Expense Breakdown

Grants Paid $673,440

Salaries & Benefits $6,082,417

Fundraising Expenses $0

Other Expenses $12,056,215

TOTAL EXPENSES $18,812,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,676,145	$23,791,484	+0.0%
Expenses	$18,812,072	$33,701,129	-0.4%
Net Income	$5,864,073	$-9,909,645	-1.6%

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

Governance

Voting Members

Independent Members

Employees

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

$266,124

Total Directors

$348,682

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY M FREITAS	PRESIDENT	40.0	Officer Director	$201,215	$-65,999	$135,216
LUUKIA A SMITH	SECRETARY-TREASURER - PAST	40.0	Officer Director	$130,908	$0	$130,908
GLENN GOLDSTEIN	DEPUTY EXECUTIVE DIRECTOR	40.0	Highest	$173,686	$-60,606	$113,080
SARAH A CALLAHAN	STRATEGIC CAMPAIGNS MANAGER	40.0	Highest	$184,359	$-72,661	$111,698
MARTIN MOTA	IT DIRECTOR	40.0	Highest	$171,161	$-67,232	$103,929
SANDRA WEESE	ORGANIZING DIRECTOR	40.0	Highest	$175,776	$-73,216	$102,560
TERRY ELVERUM	FIELD REPRESENTATIVE	40.0	Highest	$170,799	$-82,612	$88,187
L LACY BARNES	SECRETARY-TREASURER	40.0	Director	$39,710	$500	$40,210
CARL WILLIAMS	VICE PRESIDENT	5.0	Director	$10,400	$3,200	$13,600
STEVEN MCDOUGALL	VICE PRESIDENT - PAST	5.0	Director	$6,717	$4,698	$11,415
JUAN J RAMIREZ	EXECUTIVE VICE PRESIDENT	5.0	Director	$8,333	$0	$8,333
JENNIFER SHANOSKI	VICE PRESIDENT	5.0	Director	$2,400	$0	$2,400
LINDA SNEED	VICE PRESIDENT	5.0	Director	$2,400	$0	$2,400
JOHN GOVSKY	VICE PRESIDENT	5.0	Director	$1,200	$600	$1,800
JOANNE WADDELL	VICE PRESIDENT - PAST	5.0	Director	$1,200	$0	$1,200
LINDA CHAN	VICE PRESIDENT - PAST	5.0	Director	$1,200	$0	$1,200
MONICA CASEY	VICE PRESIDENT	5.0	Director	$0	$0	$0
GLORIA GARCIA	VICE PRESIDENT	5.0	Director	$0	$0	$0
MARY BRAVEWOMAN	VICE PRESIDENT	5.0	Director	$0	$0	$0
MIKI GORAL	VICE PRESIDENT	5.0	Director	$0	$0	$0
MATTHEW KOGAN	VICE PRESIDENT	5.0	Director	$0	$0	$0
MATTHEW MEYER	VICE PRESIDENT	5.0	Director	$0	$0	$0
JASON NEWMAN	VICE PRESIDENT	5.0	Director	$0	$0	$0
KENT WONG	VICE PRESIDENT	5.0	Director	$0	$0	$0
SUSAN SOLOMON	VICE PRESIDENT - PAST	5.0	Director	$0	$0	$0
ARCELIA O'CONNOR	VICE PRESIDENT	5.0	Director	$0	$0	$0
RAY GAER	VICE PRESIDENT	5.0	Director	$0	$0	$0
NELLY VAQUERA-BOGGS	VICE PRESIDENT	5.0	Director	$0	$0	$0
AMANKWA MCKINZIE	VICE PRESIDENT	5.0	Director	$0	$0	$0
ARLENE INOUYE	VICE PRESIDENT - PAST	5.0	Director	$0	$0	$0
BRITT DOWDY	VICE PRESIDENT - PAST	5.0	Director	$0	$0	$0
ANTHONY ARINWINE	VICE PRESIDENT	5.0	Director	$0	$0	$0
LILIA CARREON	VICE PRESIDENT	5.0	Director	$0	$0	$0
HAZEL ALONZO	VICE PRESIDENT	5.0	Director	$0	$0	$0
KATI BASSLER	VICE PRESIDENT	5.0	Director	$0	$0	$0
CASSONDRA CURIEL	VICE PRESIDENT	5.0	Director	$0	$0	$0
A JAMES MCKEEVER	VICE PRESIDENT	5.0	Director	$0	$0	$0
KATIE RODGER	VICE PRESIDENT	5.0	Director	$0	$0	$0
SEIJA ROHKEA	VICE PRESIDENT	5.0	Director	$0	$0	$0
JULIE VAN WINKLE	VICE PRESIDENT	5.0	Director	$0	$0	$0
LYNN WANG	VICE PRESIDENT	5.0	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	$24,676,145	$18,812,072	$69,787,200	$5,864,073
2022	$23,791,484	$33,701,129	$67,213,040	$-9,909,645
2021	$23,519,232	$17,541,868	$70,243,010	$5,977,364
2020	$23,796,977	$15,872,883	$62,448,681	$7,924,094
2019	$24,681,663	$14,081,987	$54,112,586	$10,599,676
2018	$23,943,906	$22,257,587	$44,286,014	$1,686,319

CALIFORNIA FEDERATION OF TEACHERS AFT 8004