CALIFORNIA RESTAURANT ASSOCIATION

EIN: 951241045

SACRAMENTO, CA

Total Revenue
$7,488,778
Total Expenses
$6,387,603
Total Assets
$19,609,904
Net Assets
$15,721,446
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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
1929
Legal Domicile
CA
Principal Officer
JOT CONDIE
Phone
9164475793
Tax Period
2024-01-01 to 2024-12-31

CALIFORNIA RESTAURANT ASSOCIATION, founded in 1929, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $6.4M left a modest 15% surplus.

Mission

THE DEFINITIVE VOICE FOR LEGISLATIVE ADVOCACY FOR THE RESTAURANT INDUSTRY IN CALIFORNIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $989,520
Program Service Revenue $2,787,784
Investment Income $1,985,545
Other Revenue $1,725,929
TOTAL REVENUE $7,488,778

Expense Breakdown

Grants Paid $88,340
Salaries & Benefits $3,229,437
Fundraising Expenses $0
Other Expenses $3,069,826
TOTAL EXPENSES $6,387,603

Year-over-Year Comparison

2024 2023 Change
Revenue $7,488,778 $5,357,020 +0.4%
Expenses $6,387,603 $6,656,182 0.0%
Net Income $1,101,175 $-1,299,162 -1.8%
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
30
Independent Members
30
Employees
32
Volunteers
35

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
5
$562,243
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE O'DONNELL CHAIR 1.50
Officer Director
$0 $0 $0
FRED GLICK VICE CHAIR 1.50
Officer Director
$0 $0 $0
RAY VILLAMAN SECOND VICE CHAIR 1.50
Officer Director
$0 $0 $0
RICHARD R FRANK IMMEDIATE PAST CHAIR 1.50
Officer Director
$0 $0 $0
RICK ALDINGER MEMBER 1.50
Director
$0 $0 $0
ANDY BAUMANN MEMBER 1.50
Director
$0 $0 $0
ROCCO BIALE MEMBER 1.50
Director
$0 $0 $0
BENJAMIN M CLEVENGER MEMBER 1.50
Director
$0 $0 $0
BOBBY COYOTE MEMBER 1.50
Director
$0 $0 $0
GREG DULAN MEMBER 1.50
Director
$0 $0 $0
MICHAEL FEINMAN MEMBER 1.50
Director
$0 $0 $0
AMANDA HO MEMBER 1.50
Director
$0 $0 $0
TOM G HOLT MEMBER 1.50
Director
$0 $0 $0
DOLORES C JACKSON MEMBER 1.50
Director
$0 $0 $0
MICHAEL MINDEL MEMBER 1.50
Director
$0 $0 $0
MICHAEL MORTON JR MEMBER 1.50
Director
$0 $0 $0
TONY PALERMO MEMBER 1.50
Director
$0 $0 $0
RICHARD PINK MEMBER 1.50
Director
$0 $0 $0
JOSEPH PITRUZZELLI MEMBER 1.50
Director
$0 $0 $0
BRANDON ROSS MEMBER 1.50
Director
$0 $0 $0
LORRAINE SALAZAR MEMBER 1.50
Director
$0 $0 $0
SUSAN SARICH MEMBER 1.50
Director
$0 $0 $0
STEVEN SARVER MEMBER 1.50
Director
$0 $0 $0
WALTER SHILD MEMBER 1.50
Director
$0 $0 $0
BENJAMIN SHAHVAR MEMBER 1.50
Director
$0 $0 $0
CHRIS SIMMS MEMBER 1.50
Director
$0 $0 $0
CHRISTY VEGA MEMBER 1.50
Director
$0 $0 $0
BRIAN WALSH MEMBER 1.50
Director
$0 $0 $0
JON WEBER MEMBER 1.50
Director
$0 $0 $0
BILL ZARUKA MEMBER 1.50
Director
$0 $0 $0
JOT CONDIE PRESIDENT + CEO 32.00
Officer
$434,656 $18,923 $562,243
MATT SUTTON SR VP GOVT AFFAIRS 40.00
Highest
$220,000 $0 $220,000
MICHELLE MODIC SR VP ADMIN/HR 40.00
Highest
$158,360 $38,866 $197,226
CHRISTOPHER DUGGAN DIRCTOR LOCAL GOV AFFAIRS 40.00
Highest
$109,000 $8,366 $117,366
JAMES WELLS CONTROLLER 40.00
Highest
$133,497 $0 $133,497
LESLIE TEAGUE VP BUS DEV 40.00
Highest
$120,000 $0 $120,000
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 $7,488,778 $6,387,603 $19,609,904 $1,101,175
2023 $5,357,020 $6,656,182 $20,842,714 $-1,299,162
2022 $6,038,099 $6,233,276 $20,924,251 $-195,177
2021 $6,835,260 $5,721,236 $23,890,484 $1,114,024
2020 $4,130,500 $6,406,889 $22,091,505 $-2,276,389
2019 $6,122,171 $6,768,110 $21,270,503 $-645,939
2018 $17,292,195 $7,276,729 $19,818,669 $10,015,466
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