California Manufacturers and Techn… - Form 990 Financial Data

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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

1918

Legal Domicile

Principal Officer

Lance Hastings

Phone

9164983310

Tax Period

2023-01-01 to 2023-12-31

California Manufacturers and Technology Association, founded in 1918, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

The California Manufacturers & Technology Association works to improve and enhance a strong business climate for Californias 30,000 manufacturing, processing and technology-based companies. Since 1918, CMTA has worked with the state government to develop balanced laws, effective regulations and sound public policies to stimulate economic growth and create new jobs while safeguarding the states environmental resources. CMTA represents 400 businesses from the entire manufacturing community an economic sector that generates more than $300 billion every year and employs more than 1.3 million Californians.

Program Service Accomplishments

Program 1

Government Relations: The organization leverages its members, internal staff, external consultants, and other experts to review, analyze and advocate on critical industry issues. These issues range from legislative, regulatory, and commercial initiatives that impact the manufacturing sector and the business climate in California.

Program 2

RESTRICTED FUNDS: THE ORGANIZATION MAINTAINS A NUMBER OF RESTRICTEDFUNDS INCLUDING:1.) ENERGY FUND: FOR PROFESSIONAL SERVICES RENDERED IN CONNECTION WITH UTILITY RATE NEGOTIATIONS2.) ECONOMIC...

RESTRICTED FUNDS: THE ORGANIZATION MAINTAINS A NUMBER OF RESTRICTEDFUNDS INCLUDING:1.) ENERGY FUND: FOR PROFESSIONAL SERVICES RENDERED IN CONNECTION WITH UTILITY RATE NEGOTIATIONS2.) ECONOMIC FEASIBILITY: FOR REGULATORY MATTERS RELATED TO ENSURING EFFECTIVE COST/BENEFIT ANALYSIS IS COMPLETED ON RULES AND REGULATIONS3.) RELEVANCE IN EDUCATION AND LEARNING FUND: PROVIDE A MORE WELL-ROUNDED EDUCATION FOR STUDENTS THROUGH RIGOROUS ACADEMIC AND VOCATIONAL AND TECHNICAL COURSES4.) NERA: FOR CONSULTING SERVICES5.) WILDFIRE: FOR MATTERS RELATED TO WILDFIRE IMPACTS ON ENERGY/ELECTRICITY6.) INDUSTRY ENERGY PROJECT: FOR A COLLABORATIVE PAN-INDUSTRY EFFORT TO FOCUS PUBLIC POLICY ATTENTION ON MATTERS RELATING TO AFFORDABILITY AND RELIABILITY OF ENERGY IN CALIFORNIA7.) CAP/TRADE 2020: FOR A COLLABORATIVE EFFORT TO RAISE AWARENESS ON AIR QUALITY ISSUES IN CALIFORNIA8.) GET REAL: FOR MATTERS RELATING TO A COALITION OF BUSINESSESS WORKING TO PROMOTE CAREER TECHNICAL EDUCTION IN SCHOOLS IN CALIFORNIA

Program 3

Meetings: The Organization sponsors and conducts numerous meetings, conferences and seminars which covered issues of interest to approximately 800 members during the year.

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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 $153,856

Program Service Revenue $2,318,746

Investment Income $-7,239

Other Revenue $591,276

TOTAL REVENUE $3,056,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,399,912

Fundraising Expenses $0

Other Expenses $2,154,990

TOTAL EXPENSES $3,554,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,056,639	$2,821,676	+0.1%
Expenses	$3,554,902	$3,155,380	+0.1%
Net Income	$-498,263	$-333,704	+0.5%

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

Volunteers

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

$447,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lance Hastings	President & CEO	35.00	Officer	$415,649	$31,913	$447,562
Ananda Rochita	VP Communications	35.00		$138,563	$18,959	$157,522
Robert Spiegel	VP Govt. Relations	35.00		$137,214	$17,991	$155,205
Joe Ahn	Treasurer	1.00	Officer Director	$0	$0	$0
Chris Belle	Director	1.00	Director	$0	$0	$0
Neil Beup	Director	1.00	Director	$0	$0	$0
Betsy Brien	Director	1.00	Director	$0	$0	$0
Crystal Clark	Director	1.00	Director	$0	$0	$0
Larry Kast	Director	1.00	Director	$0	$0	$0
Cheyanne Cook	Director	1.00	Director	$0	$0	$0
Steve Coppinger	Director	1.00	Director	$0	$0	$0
Calli Daly	Director	1.00	Director	$0	$0	$0
Kellie Duhr	Director	1.00	Director	$0	$0	$0
Jennifer Fitzgerald	Director	1.00	Director	$0	$0	$0
Scott Folwarkow	Director	1.00	Director	$0	$0	$0
Ross Good	Director	1.00	Director	$0	$0	$0
Fielding Greaves	Director	1.00	Director	$0	$0	$0
Adrian Guerrero	Director	1.00	Director	$0	$0	$0
Erin Guerrero	Director	1.00	Director	$0	$0	$0
James Halloran	Director	1.00	Director	$0	$0	$0
Patrick Hayes	Director	1.00	Director	$0	$0	$0
Brett Hershman	Director	1.00	Director	$0	$0	$0
Pamela Kan	Director	1.00	Director	$0	$0	$0
Donna Kaylor	Director	1.00	Director	$0	$0	$0
Stephen Konig	Chairman	1.00	Officer Director	$0	$0	$0
Nancy Krystal	Director	1.00	Director	$0	$0	$0
Thomas Lawson	Director	1.00	Director	$0	$0	$0
Tyler Lee	Director	1.00	Director	$0	$0	$0
Cynthia Leon	Director	1.00	Director	$0	$0	$0
Steve Lesher	Director	1.00	Director	$0	$0	$0
Eric McAfee	Director	1.00	Director	$0	$0	$0
Ermelinda Moretti	Director	1.00	Director	$0	$0	$0
Hans Neidig	Director	1.00	Director	$0	$0	$0
Sara O'Neill-Bouton	Director	1.00	Director	$0	$0	$0
Michelle Orrock	Director	1.00	Director	$0	$0	$0
Margo Parks	Secretary	1.00	Officer Director	$0	$0	$0
Maria Pignataro	Director	1.00	Director	$0	$0	$0
Curtis Raulinaitis	Director	1.00	Director	$0	$0	$0
Tiffany Roberts	Director	1.00	Director	$0	$0	$0
Allison Rose	Director	1.00	Director	$0	$0	$0
Tina Self	Director	1.00	Director	$0	$0	$0
Brian Sernulka	Director	1.00	Director	$0	$0	$0
Stephenie Shah	Director	1.00	Director	$0	$0	$0
Caroline Silveira	Director	1.00	Director	$0	$0	$0
Scott Starr	Director	1.00	Director	$0	$0	$0
Mark Taylor	Director	1.00	Director	$0	$0	$0
Amy Zajac	Director	1.00	Director	$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	No data	No data	No data	No data
2023	$3,056,639	$3,554,902	$5,823,514	$-498,263
2022	$2,821,676	$3,155,380	$7,033,067	$-333,704
2021	$3,345,036	$3,048,892	$2,873,192	$296,144
2020	$3,251,158	$3,077,959	$2,305,910	$173,199
2019	$3,202,888	$3,094,732	$1,912,082	$108,156
2018	$3,074,008	$3,594,172	$1,722,400	$-520,164

California Manufacturers and Technology Association