CALIFORNIA ASSOCIATION FOR LOCAL ECONOMIC DEVELOPMENT (EIN 942645503) - 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

1980

Legal Domicile

Principal Officer

GURBAX SAHOTA

Phone

9164488252

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA ASSOCIATION FOR LOCAL ECONOMIC DEVELOPMENT, founded in 1980, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024.

Mission

DEDICATED TO ADVANCING ITS MEMBERS ABILITY TO ACHIEVE EXCELLENCE IN DELIVERING ECONOMIC GROWTH

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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 (2024)

Revenue Breakdown

Contributions & Grants $380,164

Program Service Revenue $987,462

Investment Income $34,212

Other Revenue $24,724

TOTAL REVENUE $1,426,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $822,618

Fundraising Expenses $0

Other Expenses $689,968

TOTAL EXPENSES $1,512,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,426,562	$1,484,889	0.0%
Expenses	$1,512,586	$1,342,020	+0.1%
Net Income	$-86,024	$142,869	-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

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

$287,166

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GURBAX SAHOTA	PRESIDENT & CEO	35.00	Officer	$268,379	$18,787	$287,166
MICHELLE STEPHENS	PROGRAM DIRECTOR	40.00	Highest	$137,020	$5,481	$142,501
JENNIFER MCLAIN HIRAMOTO	CHAIR ELECT	5.00	Officer Director	$0	$0	$0
LARRY VAUPEL	VICE CHAIR PAST CHAIR	3.00	Officer Director	$0	$0	$0
ERIC ROMERO	TREASURER	3.00	Officer Director	$0	$0	$0
DAVID WHITE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
STEPHEN BAITER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
AARON LAUREL	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHELLE GELLER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DWAYNE DALMAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ADAIR	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN HULL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BURRIS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY HAUSSLER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH METZ	DIRECTOR	1.00	Director	$0	$0	$0
PJ GAGAJENA	DIRECTOR	1.00	Director	$0	$0	$0
STEWART KNOX	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL DEMATTEO LEVAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WASHAM	DIRECTOR	1.00	Director	$0	$0	$0
RAFAEL YAQUIAN	DIRECTOR	1.00	Director	$0	$0	$0
AMALIA CUNNINGHAM	DIRECTOR	1.00	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	$1,426,562	$1,512,586	$1,021,649	$-86,024
2024	$1,484,889	$1,342,020	$1,264,777	$142,869
2023	$1,510,614	$1,405,445	$966,839	$105,169
2022	$1,726,386	$1,195,479	$2,662,356	$530,907
2021	$1,980,951	$924,131	$5,045,199	$1,056,820
2020	$4,133,078	$985,556	$4,192,693	$3,147,522
2019	$1,013,606	$1,008,315	$3,900,407	$5,291
2018	$1,031,125	$912,371	$3,686,936	$118,754

CALIFORNIA ASSOCIATION FOR LOCAL ECONOMIC DEVELOPMENT