SCPMG VEBA TRUST FOR COLLECTIVELY … - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

STATE STREET CORPORATION

Phone

6264053288

Tax Period

2023-01-01 to 2023-12-31

SCPMG VEBA TRUST FOR COLLECTIVELY BARGAINED RETIREES, founded in 2005, is a small nonprofit in the Mutual Benefit sector that reported $249K in total revenue in fiscal year 2023. Revenue surged 315% from the prior year, signaling strong growth momentum. Expenses of $993K exceeded revenue, resulting in a 299% operating deficit.

Mission

THE SCPMG VEBA TRUST FOR COLLECTIVELY BARGAINED RETIREES IS A TRUST SOLELY FOR THE INVESTMENT OF FUNDS TO SATISFY THE SCPMG OBLIGATION TO PROVIDE POST RETIREMENT BENEFITS TO EMPLOYEES OF SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUP PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.

Program Service Accomplishments

Program 1

THE PLAN PROVIDES POST RETIREMENT BENEFITS TO EMPLOYEES OF THE SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUP PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS.

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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 $0

Program Service Revenue $0

Investment Income $248,669

Other Revenue $0

TOTAL REVENUE $248,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,418

Fundraising Expenses $0

Other Expenses $965,863

TOTAL EXPENSES $993,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,669	$59,890	+3.2%
Expenses	$993,281	$989,579	+0.0%
Net Income	$-744,612	$-929,689	-0.2%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$27,419	$0	$27,419

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	$248,669	$993,281	$357,188,396	$-744,612
2022	$59,890	$989,579	$333,312,557	$-929,689
2021	$3,183,593	$1,203,055	$402,696,441	$1,980,538
2020	$15,373,015	$1,437,158	$354,772,608	$13,935,857

SCPMG VEBA TRUST FOR COLLECTIVELY BARGAINED RETIREES