California Association of Public Retirement Systems
Nonprofit profile at a glance
- EIN
- 680080352
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- San Francisco, CA, USA
- Phone
- 4157644860
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $741,070
- Expenses
- $732,919
- Assets
- $678,312
- Liabilities
- $149,088
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DAVE NELSEN (President)
People named in this filing
- GREGG RADEMACHER (Secretary)
- JULIE WYNE (1ST VICE PRESID)
- DEBBY CHERNEY (2ND VICE PRES)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The California association of public retirement systems is a nonprofit corporation which is dedicated to advancing the quality of professional management and administration of California public retirement systems by providing a forum for exchange of ideas and information on issues affecting administrators and trustees of California retirement systems.
What it reported doing in 2024
Provide a statewide information network and educational forum for California public retirement systems
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.2%; rating input score 78
- Program expense ratio: 79%; rating input score 79
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- 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: 1.1%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 78.2% of revenue deployed · 79% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $579K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Highest-paid contractors: 1 contractor listed · $153K reported
- Consistency: 17 of 17 current checks pass
- Schedules: 1 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 39/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.