California Association of Port Authorities

What it reported doing in 2024

The California association of port authorities (capa) is comprised of the eleven publicly-owned commercial seaports in the state. Home to three of the largest ports in the nation, California is also blessed with eight smaller ports situated along the coast from humboldt to san diego, and along inland waterways in west sacramento and stockton.combined, the port of long beach and the port of los angeles make up the largest port complex in the united states; the port of oakland is the 5th busiest port in the country. Some of our ports are departments of their host cities, governed by harbor commissions; while others are special districts comprised of multiple jurisdictions; still others are governed by directly-elected harbor commissions.the three large container ports of long beach, los angeles, and oakland handle more than 90% of the cargo entering and leaving California by water. Our eight smaller ports focus on general bulk cargo, fresh produce and other agricultural products, automobiles, aggregate, steel, liquid bulk and project cargo.in addition to facilitating international trade, California's ports provide world-class passenger cruise line services, restaurant and hotel services, entertainment, shopping, recreational boating and fishing, and tourist attractions. Ports also manage commercial fishing facilities and recreational harbors and marinas.port authorities serve as landlords, maintaining and improving properties they lease to companies that perform terminal operations. Most ports in California are tideland trust ports, managing property on behalf of all californians through trust agreements with the state lands commission. All of California's ports are enterprise districts; they do not rely on tax revenue, but rather operate on business-generated funds through public-private partnerships.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 5.6%; rating input score 51; 51st percentile among comparable filings
• Total-asset coverage ratio: 0.66; rating input score 30; 30th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 45; 45th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 2.5% per year; rating input score 100; 28th percentile among comparable filings
• Asset growth: 2.2% per year; rating input score 100; 26th percentile among comparable filings