New Majority

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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

1999

Legal Domicile

Principal Officer

Jason D Kaune

Phone

4153896800

Tax Period

2024-01-01 to 2024-12-31

New Majority, founded in 1999, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 10% surplus.

Mission

New Majority promotes a fiscally responsible philosophy in government and an inclusive mainstream approach towards politics.

Program Service Accomplishments

Program 1

Expenses: $547,756

Member activities, communications, speakers, visits with opinion leaders.

Program 2

Expenses: $412,013

Research and program development on issues, including public education on policy priorities of the organization. Issues supported in 2023 include: worker rights, Hispanic community leadership and...

Research and program development on issues, including public education on policy priorities of the organization. Issues supported in 2023 include: worker rights, Hispanic community leadership and scholarship, youth activities and protecting California business to support a thriving business climate.

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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 $1,439,532

Program Service Revenue $0

Investment Income $4,040

Other Revenue $0

TOTAL REVENUE $1,443,572

Expense Breakdown

Grants Paid $123,500

Salaries & Benefits $72,116

Fundraising Expenses $0

Program Expenses $959,769

Other Expenses $1,110,638

TOTAL EXPENSES $1,306,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,443,572	$1,400,222	+0.0%
Expenses	$1,306,254	$1,464,786	-0.1%
Net Income	$137,318	$-64,564	-3.1%

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
Howard Hakes	Chairman	1.00	Officer Director	$0	$0	$0
Jim Hunter	Director	1.00	Director	$0	$0	$0
John Baumgartner	Director	1.00	Director	$0	$0	$0
Larry Higby	Director	1.00	Director	$0	$0	$0
Jerry Marcil	Director	1.00	Director	$0	$0	$0
Steve Craig	Director	1.00	Director	$0	$0	$0
Lucy Rawlins	Director	1.00	Director	$0	$0	$0
Greg Lansing	Director	1.00	Director	$0	$0	$0
David Krajanowski	Director	1.00	Director	$0	$0	$0
Sandy Kahn	Secretary & Dir	1.00	Officer Director	$0	$0	$0
Thomas E Tucker	Director	1.00	Director	$0	$0	$0
Bob Olson	Director	1.00	Director	$0	$0	$0
Jason D Kaune	Treasurer	2.00	Officer	$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	$1,443,572	$1,306,254	$439,592	$137,318
2023	$1,400,222	$1,464,786	$302,274	$-64,564
2022	$1,333,750	$1,362,187	$366,837	$-28,437
2021	$1,265,856	$1,318,503	$395,274	$-52,647
2020	$2,643,009	$2,459,245	$447,921	$183,764