CALIFORNIA FINANCIAL SERVICES ASSOCIATION (EIN 950592955) - 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

1940

Legal Domicile

Principal Officer

DAVID KNIGHT

Phone

9164851554

Tax Period

2024-01-01 to 2024-12-31

CALIFORNIA FINANCIAL SERVICES ASSOCIATION, founded in 1940, is a small nonprofit that reported $332K in total revenue in fiscal year 2024. Expenses of $289K left a modest 13% surplus.

Mission

TO WORK ON BEHALF OF THE MEMBERSHIP TO KEEP THEM INFORMED AND ADVISED OF PERTINENT INDUSTRY ISSUES. ADDITIONALLY, THE ASSOCIATION REPRESENTS THE MEMBERSHIP BEFORE THE CALIFORNIA LEGISTALTURE.

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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 $317,587

Program Service Revenue $0

Investment Income $14,562

Other Revenue $0

TOTAL REVENUE $332,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $289,241

Other Expenses $289,241

TOTAL EXPENSES $289,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,149	$312,536	+0.1%
Expenses	$289,241	$330,004	-0.1%
Net Income	$42,908	$-17,468	-3.5%

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	Reportable Comp	Other Comp	Total
N/A	CHAIR	N/A	$0	$0	$0
N/A	VICE CHAIR	N/A	$0	$0	$0
N/A	SECRETARY TREASURER	N/A	$0	$0	$0
N/A	DIRECTOR	N/A	$0	$0	$0
N/A	DIRECTOR	N/A	$0	$0	$0
N/A	DIRECTOR	N/A	$0	$0	$0
N/A	DIRECTOR	N/A	$0	$0	$0
N/A	DIRECTOR	N/A	$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	$332,149	$289,241	$353,710	$42,908
2023	$312,536	$330,004	$310,802	$-17,468
2022	$340,788	$346,470	$328,270	$-5,682
2021	$237,470	$279,228	$333,959	$-41,758
2020	$243,460	$200,999	$375,708	$42,461
2019	$294,729	$350,606	$333,247	$-55,877
2018	$266,172	$287,571	$389,124	$-21,399

CALIFORNIA FINANCIAL SERVICES ASSOCIATION