CORPORATION FOR EDUCATION NETWORK INITIATIVES IN CALIFORNIA (EIN 943289022) - 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

1997

Legal Domicile

Principal Officer

BILL PAIK

Phone

7142203400

Tax Period

2024-07-01 to 2025-06-30

CORPORATION FOR EDUCATION NETWORK INITIATIVES IN CALIFORNIA, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $74.3M in total revenue in fiscal year 2024.

Mission

TO ESTABLISH A NETWORK INFRASTRUCTURE FOR THE RESEARCH AND EDUCATION COMMUNITY TO ADVANCE LEARNING AND INNOVATION.

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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 $49,761,499

Program Service Revenue $23,392,793

Investment Income $1,182,900

Other Revenue $-52,974

TOTAL REVENUE $74,284,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,213,379

Fundraising Expenses $0

Program Expenses $66,916,031

Other Expenses $56,297,141

TOTAL EXPENSES $74,510,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,284,218	$75,192,522	0.0%
Expenses	$74,510,520	$75,952,635	0.0%
Net Income	$-226,302	$-760,113	-0.7%

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

127

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

$1,154,449

Total Directors

$658,727

Key Employees

$749,412

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS FOX	PRESIDENT/CEO	40.00	Officer Director	$588,804	$69,923	$658,727
KENDRA ARD	BOARD MEMBER	1.50	Director	$0	$0	$0
MIDHAT ASGHAR	BOARD MEMBER	1.50	Director	$0	$0	$0
JOE BENGFORT	BOARD MEMBER	1.50	Director	$0	$0	$0
JIN CHANG	BOARD MEMBER	1.50	Director	$0	$0	$0
JOSH CHISOM	BOARD MEMBER	1.50	Director	$0	$0	$0
ED CLARK	BOARD MEMBER	1.50	Director	$0	$0	$0
SYLVIE COSGROVE	BOARD MEMBER	1.50	Director	$0	$0	$0
JOHN HETTS	BOARD MEMBER	1.50	Director	$0	$0	$0
RON JOHNSON	BOARD MEMBER	1.50	Director	$0	$0	$0
TERRY LOFTUS	BOARD MEMBER	1.50	Director	$0	$0	$0
KRISTINA MATTIS	BOARD MEMBER	1.50	Director	$0	$0	$0
MARLA MEEHL	BOARD MEMBER	1.50	Director	$0	$0	$0
RON RAMESH	BOARD MEMBER	1.50	Director	$0	$0	$0
NANCY SCHRAM	BOARD MEMBER	1.50	Director	$0	$0	$0
LARRY SMARR	BOARD MEMBER	1.50	Director	$0	$0	$0
SAM SUDHAKAR	BOARD MEMBER	1.50	Director	$0	$0	$0
VAN WILLIAMS	BOARD MEMBER	1.50	Director	$0	$0	$0
BILL PAIK	TREASURER & CHIEF FINANCIAL OFFICER	40.00	Officer	$268,845	$30,687	$299,532
KAO SAEFONG	CHIEF OF STAFF & CORPORATE SECRETARY	40.00	Officer	$160,839	$35,351	$196,190
TIEN NGUYEN	EXECUTIVE VP & CIO	40.00	Key Emp	$364,985	$45,033	$410,018
RAUL RINCON	SENIOR VP OF STRATEGIC INITIATIVES	40.00	Key Emp	$300,705	$38,689	$339,394
SHERILYN EVANS	SR ADVISOR, ACCESS & EQUITY	40.00	Highest	$290,158	$69,923	$360,081
ROBERT KWON	VP OF ENGINEERING	40.00	Highest	$252,419	$30,489	$282,908
DENNIS CAGAMPAN	DIRECTOR OF ENGINEERING	40.00	Highest	$195,714	$31,188	$226,902
PHILIP ROMERO	MANAGER, INFO SECURITY	40.00	Highest	$198,169	$30,499	$228,668
STANLEY HAN	ASSOCIATE VICE PRESIDENT OF ENGAGEMENT	40.00	Highest	$184,301	$50,346	$234,647

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	$74,284,218	$74,510,520	$109,525,584	$-226,302
2024	$75,192,522	$75,952,635	$116,751,493	$-760,113
2023	$84,545,122	$78,169,067	$106,946,470	$6,376,055
2022	$82,120,794	$71,827,326	$101,771,752	$10,293,468
2021	$65,989,362	$69,743,837	$84,912,543	$-3,754,475
2020	$68,656,120	$74,668,036	$89,088,355	$-6,011,916
2019	$67,590,924	$77,092,043	$99,484,567	$-9,501,119
2018	$74,619,145	$79,202,564	$109,128,893	$-4,583,419

CORPORATION FOR EDUCATION NETWORK INITIATIVES IN CALIFORNIA