CENTRAL CITY EAST ASSOCIATION

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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

1985

Legal Domicile

Principal Officer

M ESTELA LOPEZ

Phone

2132288484

Tax Period

2023-01-01 to 2023-12-31

CENTRAL CITY EAST ASSOCIATION, founded in 1985, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Expenses of $3.4M left a modest 5% surplus.

Mission

THE CENTRAL CITY EAST ASSOCIATION (CCEA) IS A NOT-FOR-PROFIT BUSINESS ORGANIZATION REPRESENTING COMMERCIAL PROPERTY OWNERS IN THE EASTERN PORTION OF DOWNTOWN LOS ANGELES. CCEA ALSO ADMINISTERS THE DOWNTOWN INDUSTRIAL BUSINESS IMPROVEMENT DISTRICT. BIDS ARE FUNDED BY ASSESSMENTS ON PROPERTY TAXES AND PROVIDE SERVICES SUCH AS PRIVATE SECURITY PATROLS, SIDEWALK MAINTENANCE, STRATEGIC ECONOMIC DEVELOPMENT SUPPORT AND ADVOCACY. THESE ACTIVITIES ARE SUPPLEMENTAL TO GOVERNMENT SERVICES AND ADDRESS NEEDS THAT EXTEND BEYOND WHAT MUNICIPAL GOVERNMENT CAN PROVIDE.

Program Service Accomplishments

Program 1

TO PROVIDE ADDITIONAL SECURITY TO THE NEIGHBORHOOD TO SUPPORT POLICE AND PROPERTY OWNER CRIME PREVENTION EFFORTS.

Program 2

TO IMPROVE THE APPEARANCE OF THE DISTRICT BY PROVIDING MAINTENANCE SERVICES TO INCREASE THE FREQUENCY OF LITTER, DEBRIS, AND GRAFFITI REMOVAL.

Program 3

TO INITIATE PROGRAMS TO SPUR LOCAL BUSINESS INVESTMENT, KEEP STAKEHOLDERS INFORMED OF BUSINESS-RELATED LEGISLATION, AND PROMOTE THE DISTRICT VIA WEBSITE AND NEWSLETTERS.

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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 $126,821

Program Service Revenue $3,354,651

Investment Income $56,875

Other Revenue $0

TOTAL REVENUE $3,538,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,060

Fundraising Expenses $0

Other Expenses $2,924,094

TOTAL EXPENSES $3,353,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,538,347	$3,322,062	+0.1%
Expenses	$3,353,154	$3,025,183	+0.1%
Net Income	$185,193	$296,879	-0.4%

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

$301,406

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SHINBANE	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
DREW BAUER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SERGIO MORENO	SECRETARY	1.00	Officer Director	$0	$0	$0
DILIP BHAVNANI	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
MATT KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
JENNI HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
LARRY RAUCH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TANSEY	DIRECTOR	1.00	Director	$0	$0	$0
ESTELA LOPEZ	EXECUTIVE DIRECTOR	40.00	Officer	$284,755	$16,651	$301,406

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	$3,538,347	$3,353,154	$1,157,760	$185,193
2022	$3,322,062	$3,025,183	$761,962	$296,879
2021	$2,356,415	$2,728,211	$443,328	$-371,796
2020	$2,262,991	$2,475,308	$794,367	$-212,317
2019	$2,213,759	$2,446,548	$995,300	$-232,789
2018	$2,221,720	$2,042,397	$1,311,518	$179,323