PUBLIC POLICY INSTITUTE OF CALIFORNIA (EIN 943207299) - 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

1994

Legal Domicile

Principal Officer

TANI CANTIL-SAKAUYE

Phone

4152914400

Tax Period

2024-07-01 to 2025-06-30

PUBLIC POLICY INSTITUTE OF CALIFORNIA, founded in 1994, is a mid-sized nonprofit that reported $36.4M in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.2M, a strong 34% operating margin.

Mission

INFORM AND IMPROVE PUBLIC POLICY IN CALIFORNIA THROUGH INDEPENDENT, OBJECTIVE, NONPARTISAN RESEARCH

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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 $4,629,877

Program Service Revenue $0

Investment Income $34,148,388

Other Revenue $-2,366,156

TOTAL REVENUE $36,412,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,498,720

Fundraising Expenses $834,881

Program Expenses $18,126,292

Other Expenses $7,700,944

TOTAL EXPENSES $24,199,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,412,109	$19,371,773	+0.9%
Expenses	$24,199,664	$23,588,820	+0.0%
Net Income	$12,212,445	$-4,217,047	-3.9%

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

107

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

$1,536,974

Total Directors

$626,583

Key Employees

$1,992,148

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANI CANTIL-SAKAUYE	PRESIDENT AND CEO	40.00	Officer Director	$544,470	$82,113	$626,583
CHET HEWITT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RUSTY AREIAS	DIRECTOR	1.00	Director	$0	$0	$0
OPHELIA BASGAL	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA CELEDON	DIRECTOR (THRU 3/25)	1.00	Director	$0	$0	$0
JOHN CHIANG	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE CHOI	DIRECTOR	1.00	Director	$0	$0	$0
A MARISA CHUN	DIRECTOR	1.00	Director	$0	$0	$0
ANA J MATOSANTOS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MENDEZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN A MERKSAMER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
LEON E PANETTA	DIRECTOR	1.00	Director	$0	$0	$0
DAVE PUGLIA	DIRECTOR	1.00	Director	$0	$0	$0
CASSANDRA WALKER PYE	DIRECTOR	1.00	Director	$0	$0	$0
HELEN IRIS TORRES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TRAVERSI	DIRECTOR	1.00	Director	$0	$0	$0
GADDI H VASQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE HENRY BRYSON	DIRECTOR (THRU 9/24)	1.00	Director	$0	$0	$0
GERALD L PARKSKY	DIRECTOR (THRU 9/24)	1.00	Director	$0	$0	$0
KIM POLESE	DIRECTOR (THRU 9/24)	1.00	Director	$0	$0	$0
DOUGLAS MOORE	CHIEF FINANCIAL OFFICER	40.00	Officer	$120,483	$43,332	$163,815
DEBORAH GONZALEZ	SECRETARY	40.00	Officer	$251,484	$26,949	$278,433
MARTIN HOSHINO	CHIEF OPERATIONS OFFICER	40.00	Officer	$440,898	$27,245	$468,143
ABIGAIL COOK	VP OF COMMS/CHIEF STRATEGY OFFICER	40.00	Key Emp	$313,234	$77,789	$391,023
SANDRA RUIZ	VP OF PEOPLE AND CULTURE	40.00	Key Emp	$263,128	$63,324	$326,452
CAROLINE DANIELSON	VP OF RESEARCH	40.00	Key Emp	$266,381	$44,276	$310,657
SARAH BOHN	VP & DIR OF EPC & SENIOR FELLOW	40.00	Key Emp	$325,724	$51,404	$377,128
LETITIA GRENIER	DIR OF WATER POLICY CENTER & SENIOR FELLOW	40.00	Key Emp	$270,845	$63,654	$334,499
OLGA RODRIGUEZ	DIR PPIC HIGHER ED CENTER & SENIOR FELLOW	40.00	Key Emp	$225,216	$27,173	$252,389
ELLEN ELIZABETH HANAK VALLETTA	SENIOR FELLOW II (THRU 1/17/25)	40.00	Highest	$328,677	$28,466	$357,143
HANS JOHNSON	SENIOR FELLOW II	40.00	Highest	$305,331	$58,655	$363,986
MAGNUS LOFSTROM	POLICY DIRECTOR & SENIOR FELLOW 1	40.00	Highest	$226,029	$50,123	$276,152
ERIC MCGHEE	POLICY DIRECTOR & SENIOR FELLOW 1	40.00	Highest	$223,540	$64,950	$288,490
LYNETTE UBOIS	DIRECTOR OF CONTENT STRATEGY	40.00	Highest	$218,674	$64,529	$283,203

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	$36,412,109	$24,199,664	$371,918,499	$12,212,445
2024	$19,371,773	$23,588,820	$370,980,032	$-4,217,047
2023	$22,365,775	$22,464,442	$353,065,421	$-98,667
2022	$34,836,055	$20,015,014	$340,951,909	$14,821,041
2021	$13,641,260	$18,831,587	$379,445,881	$-5,190,327
2020	$34,354,768	$18,678,895	$303,509,988	$15,675,873

PUBLIC POLICY INSTITUTE OF CALIFORNIA