SOUTHERN CALIFORNIA GAS COMPANY VEBA RETIREE MEDICAL TRUST (EIN 133886236) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

DENNIS ONDERICK

Phone

6196962250

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN CALIFORNIA GAS COMPANY VEBA RETIREE MEDICAL TRUST, founded in 1992, is a micro nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue fell 147% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE MEDICAL, DENTAL, AND LIFE INSURANCE BENEFITS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,073,129

Investment Income $-12,969,952

Other Revenue $58,870

TOTAL REVENUE $-4,837,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,764

Fundraising Expenses $0

Program Expenses $30,811,206

Other Expenses $1,643,866

TOTAL EXPENSES $32,489,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-4,837,953	$10,242,498	-1.5%
Expenses	$32,489,836	$33,152,380	0.0%
Net Income	$-37,327,789	$-22,909,882	+0.6%

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		$0	$0	$0

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	$-4,837,953	$32,489,836	$541,911,884	$-37,327,789
2023	$10,242,498	$33,152,380	$548,983,094	$-22,909,882
2022	$4,765,199	$31,964,393	$520,393,559	$-27,199,194
2021	$28,980,873	$31,000,113	$697,804,805	$-2,019,240
2020	$44,533,165	$32,038,065	$703,213,141	$12,495,100
2019	$125,030,169	$34,632,289	$629,222,463	$90,397,880
2018	$81,328,321	$31,924,395	$543,716,098	$49,403,926

SOUTHERN CALIFORNIA GAS COMPANY VEBA RETIREE MEDICAL TRUST