SEIU LOCAL 2015 LONG-TERM CARE WORKERS HEALTH TRUST (EIN 204570305) - 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

2006

Legal Domicile

Principal Officer

DAVID WERLIN

Phone

8776985829

Tax Period

2024-06-01 to 2025-05-31

SEIU LOCAL 2015 LONG-TERM CARE WORKERS HEALTH TRUST, founded in 2006, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.5M in total revenue in fiscal year 2024. Expenses of $12.0M left a modest 4% surplus.

Mission

THE TRUST WAS ESTABLISHED TO MAINTAIN THE LONG TERM CARE WORKERS HEALTH PLAN. THE PLAN WAS CREATED FOR THE EXCLUSIVE BENEFIT OF ELIGIBLE LONG TERM CARE WORKERS. THE PLAN PROVIDES HEALTH BENEFITS (MEDICAL, DENTAL, AND VISION) TO PARTICIPATING EMPLOYEES IN THE IN-HOME SUPPORTIVE SERVICES INDUSTRY OF CALIFORNIA, WHOSE EMPLOYERS ARE REQUIRED, BY CONTRACT, TO PAY CONTRIBUTIONS TO THE TRUST.

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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 $11,898,869

Investment Income $585,299

Other Revenue $28

TOTAL REVENUE $12,484,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $247,062

TOTAL EXPENSES $11,991,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,484,196	$11,698,960	+0.1%
Expenses	$11,991,802	$11,127,636	+0.1%
Net Income	$492,394	$571,324	-0.1%

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

N/A

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

$966,074

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CSEKEY TOM	(FORMER) TRUSTEE	1.00	Director	$0	$45,285	$233,975
WERLIN DAVID	TRUSTEE	1.00	Director	$0	$54,477	$261,660
XIQUIN MARIA	TRUSTEE	1.00	Director	$0	$48,421	$237,128
VARGAS DEBORAH	TRUSTEE	1.00	Director	$0	$49,506	$233,311

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
2025	$12,484,196	$11,991,802	$15,383,515	$492,394
2024	$11,698,960	$11,127,636	$14,385,535	$571,324
2023	$11,203,637	$10,760,408	$13,320,395	$443,229
2022	$10,449,440	$9,511,740	$13,464,655	$937,700
2021	$9,546,191	$9,123,155	$14,114,996	$423,036
2018	$8,642,844	$8,791,884	$9,238,548	$-149,040

SEIU LOCAL 2015 LONG-TERM CARE WORKERS HEALTH TRUST