State Association of County Retirement Systems
Nonprofit profile at a glance
- EIN
- 943048491
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Sacramento, CA, USA
- Phone
- 9167015158
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Finance, Taxation, Monetary Policy
Reported finances
- Revenue
- $2,149,028
- Expenses
- $1,934,187
- Assets
- $1,126,661
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- David Mac Donald (Past President)
- Adele Lopez Tagoloa (President)
- Jordan Kaufman (Vice President)
People named in this filing
- David Mac Donald (Past President)
- Riley Talford (Member)
- Adele Lopez Tagoloa (President)
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 mission of this organization shall be to serve the 1937 Act Retirement Systems by exchanging information, providing education and analyzing legislation.
What it reported doing in 2024
Semi-annual conferences for the benefit of members and affiliates. Education is the principle focus of these meetings, particularly education in the investment and fiduciary responsibility area.
Operating model
- Revenue model
- Earned-program. 98% 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
STRONG - 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.5%; rating input score 83
- Program expense ratio: 94.6%; rating input score 95
- 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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: 83.5% of revenue deployed · 94.6% of spending went to programs
- Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
- Programs: 5 filed program accomplishments · $1.8M in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Highest-paid contractors: 2 contractors listed · $444K reported
- Consistency: 16 of 16 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.