Civic Intelligence

California Financial Services Association

EIN 95-0592955 • 501(c)6 • Sacramento, CA

Profile

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.

2718 Wrendale WaySacramento, CA 95821

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

6.3%

Faster revenue growth than 62% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$353,710

Up $42,908 (+14%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$353,710

Up $42,908 (+14%) from 2023

Revenue

Up

$332,149

Up $19,613 (+6.3%) from 2023

Expenses

Down

$289,241

Down $40,763 (-12%) from 2023

Net Income

Up

$42,908

Up $60,376 (+346%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $502,296Liabilities 2011: $0Net Assets 2011: $502,2962011Assets 2012: $503,142Liabilities 2012: $0Net Assets 2012: $503,1422012Assets 2013: $467,565Liabilities 2013: $0Net Assets 2013: $467,5652013Assets 2014: $475,366Liabilities 2014: $0Net Assets 2014: $475,3662014Assets 2015: $414,467Liabilities 2015: $0Net Assets 2015: $414,4672015Assets 2016: $427,286Liabilities 2016: $0Net Assets 2016: $427,2862016Assets 2017: $410,523Liabilities 2017: $0Net Assets 2017: $410,5232017Assets 2018: $389,124Liabilities 2018: $0Net Assets 2018: $389,1242018Assets 2019: $333,247Liabilities 2019: $0Net Assets 2019: $333,2472019Assets 2020: $375,708Liabilities 2020: $0Net Assets 2020: $375,7082020Assets 2021: $333,959Liabilities 2021: $0Net Assets 2021: $333,9592021Assets 2022: $328,270Liabilities 2022: $0Net Assets 2022: $328,2702022Assets 2023: $310,802Liabilities 2023: $0Net Assets 2023: $310,8022023Assets 2024: $353,710Liabilities 2024: $0Net Assets 2024: $353,7102024

Highlighted filing

2024

Assets$353,710
Liabilities$0
Net Assets$353,710

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $268,751Expenses 2011: $241,645Net Income 2011: $27,1062011Revenue 2012: $247,514Expenses 2012: $246,668Net Income 2012: $8462012Revenue 2013: $248,462Expenses 2013: $284,039Net Income 2013: -$35,5772013Revenue 2014: $280,010Expenses 2014: $272,209Net Income 2014: $7,8012014Revenue 2015: $286,090Expenses 2015: $346,989Net Income 2015: -$60,8992015Revenue 2016: $241,189Expenses 2016: $228,370Net Income 2016: $12,8192016Revenue 2017: $300,694Expenses 2017: $317,457Net Income 2017: -$16,7632017Revenue 2018: $266,172Expenses 2018: $287,571Net Income 2018: -$21,3992018Revenue 2019: $294,729Expenses 2019: $350,606Net Income 2019: -$55,8772019Revenue 2020: $243,460Expenses 2020: $200,999Net Income 2020: $42,4612020Revenue 2021: $237,470Expenses 2021: $279,228Net Income 2021: -$41,7582021Revenue 2022: $340,788Expenses 2022: $346,470Net Income 2022: -$5,6822022Revenue 2023: $312,536Expenses 2023: $330,004Net Income 2023: -$17,4682023Revenue 2024: $332,149Expenses 2024: $289,241Net Income 2024: $42,9082024

Highlighted filing

2024

Revenue$332,149
Expenses$289,241
Net Income$42,908

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.54$0.00$3.54$3.32$2.89$0.43
2023Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$3.13$3.30$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.28$0.00$3.28$3.41$3.46$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.34$0.00$3.34$2.37$2.79$0.42
2020Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$2.43$2.01$0.42
2019Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$2.95$3.51$0.56
2018Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$2.66$2.88$0.21
2017Summary only. Only limited summary data is available for this year.$4.11$0.00$4.11$3.01$3.17$0.17
2016Summary only. Only limited summary data is available for this year.$4.27$0.00$4.27$2.41$2.28$0.13
2015Summary only. Only limited summary data is available for this year.$4.14$0.00$4.14$2.86$3.47$0.61
2014Summary only. Only limited summary data is available for this year.$4.75$0.00$4.75$2.80$2.72$0.08
2013Summary only. Only limited summary data is available for this year.$4.68$0.00$4.68$2.48$2.84$0.36
2012Summary only. Only limited summary data is available for this year.$5.03$0.00$5.03$2.48$2.47$0.01
2011Summary only. Only limited summary data is available for this year.$5.02$0.00$5.02$2.69$2.42$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.1
Gross Receipts
$332,149
Mission and Program Overview

Mission

To work on behalf of the membership to keep them informed and and advised of pertinent industry issues. Additionally, the association represents the membership before the california legistalture.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$243,720$235,986▼ $7,734
Savings and Temporary Cash Investments$67,082$117,724▲ $50,642
Total Assets$310,802$353,710▲ $42,908
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$310,802$353,710▲ $42,908
Total Net Assets Fund Balance$310,802$353,710▲ $42,908
Total Liabilities and Net Assets / Fund Balance$310,802$353,710▲ $42,908
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Chair
-Vice Chair
-Director
-Secretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$317,587
Program Service Revenue
$0
Investment Income
$14,562
Other Revenue
$0
All Other Contributions
$108,034
Change in Net Assets
$42,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$289,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Lobbying$120,883$0$0$120,883
Conferences and Meetings$96,156$0$0$96,156
Fees for Services Legal$48,000$0$0$48,000
Office Expenses$8,812$0$0$8,812
Fees for Services Accounting$3,473$0$0$3,473
Insurance$3,349$0$0$3,349
Other Expenses$1,618$0$0$1,618
Total Functional Expenses$289,241$0$0$289,241
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
California Financial Services Association
EIN
95-0592955
Phone
9164851554
Address
2718 WRENDALE WAY, SACRAMENTO, CA 95821

Signing Officer

Name
David Knight
Title
Officer
Phone
9164851554
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Knight
Formed
1940
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Watson Tax CPA Inc
Address
4811 Chippendale Dr Ste 502, Sacramento, CA 95841
Preparer
Cara Watson
Phone
9169660420
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

Governing documents are available upon request. Management duties are delegated to an outside consultant who is an independent contractor.

Pt VI, Line 6

This is a membership association.

Pt VI, Line 7B

There are two decisions of the governng body subject to approval by all members. One is a by law change fixing or changing the number of directors. The second is for the annual vote of the board of directors. Meeting of the governing body are contemporaneously documemted.

Pt VI, Line 8B

Committees do not have authority to act on behalf of the governing board. They are advisory only. They do not document there meetings.

Pt VI, Line 10B

One local chapter located at: po box 8963, brea ca 92822-5963

Pt VI, Line 11B

All members of the governing body have the right to review the form 990 upon request

Pt VI, Line 19

The organization will make governing documents, financial statements and the 990 available to the public upon request. The organization does not have a conflict or interest policy.

Pt XI

ROUNDING ERROR

Raw XML Appendix299 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. MANAGEMENT DUTIES ARE DELEGATED TO AN OUTSIDE CONSULTANT WHO IS AN INDEPENDENT CONTRACTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS IS A MEMBERSHIP ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE TWO DECISIONS OF THE GOVERNNG BODY SUBJECT TO APPROVAL BY ALL MEMBERS. ONE IS A BY LAW CHANGE FIXING OR CHANGING THE NUMBER OF DIRECTORS. THE SECOND IS FOR THE ANNUAL VOTE OF THE BOARD OF DIRECTORS. MEETING OF THE GOVERNING BODY ARE CONTEMPORANEOUSLY DOCUMEMTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMMITTEES DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. THEY ARE ADVISORY ONLY. THEY DO NOT DOCUMENT THERE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ONE LOCAL CHAPTER LOCATED AT: PO BOX 8963, BREA CA 92822-5963
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL MEMBERS OF THE GOVERNING BODY HAVE THE RIGHT TO REVIEW THE FORM 990 UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION WILL MAKE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE 990 AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OR INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING ERROR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 10b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt XI
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014562
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IRS990/VotingMembersGoverningBodyCnt08
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID KNIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum09164851554
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CALIFORNIA FINANCIAL SERVICES ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0CALI
ReturnHeader/Filer/EIN0950592955
ReturnHeader/Filer/PhoneNum09164851554
ReturnHeader/Filer/USAddress/AddressLine1Txt02718 WRENDALE WAY
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871568188
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Watson Tax CPA Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04811 Chippendale Dr Ste 502
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sacramento
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095841
ReturnHeader/PreparerPersonGrp/PhoneNum09169660420
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cara Watson
ReturnHeader/ReturnTs02025-05-14T13:04:10-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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