CALIFORNIA TEACHERS ASSOCIATION ECONOMIC BENEFITS TRUST (EIN 946665695) - 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

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

THE CALIFORNIA TEACHERS ASSOCIATION ECONOMIC BENEFITS TRUST WAS FORMED FOR THE PURPOSE OF PROVIDING MEMBERS WITH ONE OR MORE BENEFITS UNDER SECTION 501(C)(9) OF THE IRC.

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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 (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

Governance

Voting Members

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

$875,048

Total Directors

Key Employees

$984,596

Highest Compensated

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

CALIFORNIA TEACHERS ASSOCIATION ECONOMIC BENEFITS TRUST