CALIFORNIA TEACHERS ASSOCIATION ECONOMIC BENEFITS TRUST

EIN: 946665695

BURLINGAME, CA

Total Revenue
$799,917
Total Expenses
$7,150,922
Total Assets
$178,060,504
Net Assets
$177,723,787
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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
CA
Principal Officer
ERIKA JONES
Phone
6506971400
Tax Period
2023-09-01 to 2024-08-31

CALIFORNIA TEACHERS ASSOCIATION ECONOMIC BENEFITS TRUST, founded in 1994, is a small nonprofit that reported $800K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $7.2M exceeded revenue, resulting in a 794% operating deficit.

Mission

PROVIDE PERMISSABLE BENEFITS VIA A VEBA TRUST TO CTA MEMBERS AND BENEFICIARIES.

Program Service Accomplishments

Program 1
Expenses: $7,150,922 Revenue: $799,917

THE TRUST PROVIDES DEATH AND DISMEMBERMENT, AS WELL AS HEALTH AND WELFARE BENEFITS TO MEMBERS. THE TRUST ALSO PRODUCES AND DISSEMINATES INFORMATION TO MEMBERS ON VARIOUS CTA ENDORSED PROGRAMS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $368,309
Investment Income $4,392,658
Other Revenue $-3,961,050
TOTAL REVENUE $799,917

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,150,922
Other Expenses $2,247,411
TOTAL EXPENSES $7,150,922

Year-over-Year Comparison

2023 2022 Change
Revenue $799,917 $12,905,200 -0.9%
Expenses $7,150,922 $4,435,932 +0.6%
Net Income $-6,351,005 $8,469,268 -1.7%
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

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Governance

Voting Members
4
Independent Members
N/A
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
3
$875,048
Total Directors
0
$0
Key Employees
2
$984,596
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID B GOLDBERG TRUSTEE 1.00
Officer
$0 $131,851 $360,764
LESLIE LITTMAN TRUSTEE 1.00
Officer
$0 $119,485 $330,215
ERIKA JONES TRUSTEE 1.00
Officer
$0 $63,523 $184,069
WALTER J BOYD TRUSTEE (TO 3/3/24) 1.00
Key Emp
$0 $228,925 $535,816
JEFFERY GOOD TRUSTEE (FROM 3/4/24) 1.00
Key Emp
$0 $195,429 $448,780
ERNEST T BOYD FORMER TRUSTEE (TO 6/25/23) 0.00
$0 $123,689 $328,773
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 $799,917 $7,150,922 $178,060,504 $-6,351,005
2023 $12,905,200 $4,435,932 $172,415,262 $8,469,268
2022 $14,476,704 $3,062,694 $163,082,622 $11,414,010
2022 $14,476,704 $3,062,694 $163,082,622 $11,414,010
2021 $17,454,519 $2,909,504 $165,814,137 $14,545,015
2021 $17,454,519 $2,909,504 $165,814,137 $14,545,015
2020 $14,072,297 $2,719,926 $141,305,465 $11,352,371
2018 $12,869,573 $3,309,683 $117,140,005 $9,559,890
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