GENERAL EMPLOYEES TRUST FUND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

MARK SHARWOOD

Phone

6505707300

Tax Period

2024-02-01 to 2025-01-31

GENERAL EMPLOYEES TRUST FUND, founded in 1973, is a major nonprofit that reported $222.6M in total revenue in fiscal year 2024. Expenses of $198.8M left a modest 11% surplus.

Mission

MULTIEMPLOYER WELFARE BENEFIT PLAN PROVIDING HEALTH COVERAGE TO PARTICIPANTS ON WHOSE BEHALF EMPLOYERS CONTRIBUTE TO THE PLAN.

Program Service Accomplishments

Program 1

Multiemployer welfare benefit plan providing health coverage to participants on whose behalf employers contribute to the plan.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $217,816,307

Investment Income $4,783,007

Other Revenue $1,590

TOTAL REVENUE $222,600,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,750

Fundraising Expenses $0

Other Expenses $4,548,484

TOTAL EXPENSES $198,848,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,600,904	$211,180,388	+0.1%
Expenses	$198,848,272	$194,607,677	+0.0%
Net Income	$23,752,632	$16,572,711	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$208,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE SOLIS	UNION TRUSTEE	1.0	Director	$89,000	$0	$89,000
GEORGE HERNANDEZ	EMPLOYER TRUSTEE	2.0	Director	$30,500	$0	$30,500
JIM BEARD	EMPLOYER TRUSTEE	1.5	Director	$30,500	$0	$30,500
TIMOTHY BREKKE	EMPLOYER TRUSTEE	1.5	Director	$30,500	$0	$30,500
RAY NANN	EMPLOYER TRUSTEE (ALT.)	1.5	Director	$28,250	$0	$28,250
DAVID HUERTA	UNION TRUSTEE (ALT.)	1.0	Director	$0	$0	$0
MARK SHARWOOD	UNION TRUSTEE	2.0	Director	$0	$0	$0
CHRISTOPHER BOUVIER	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
PAUL EMPERADOR	EMPLOYER TRUSTEE (ALT.)	1.0	Director	$0	$0	$0
OLGA MIRANDA	UNION TRUSTEE	1.0	Director	$0	$0	$0
SAMUEL KEHINDE	UNION TRUSTEE	1.0	Director	$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
2025	$222,600,904	$198,848,272	$203,494,861	$23,752,632
2024	$211,180,388	$194,607,677	$178,763,125	$16,572,711
2023	$196,341,580	$183,402,430	$161,012,277	$12,939,150
2022	$181,675,367	$177,162,149	$148,431,218	$4,513,218
2021	$154,975,723	$161,849,575	$135,766,631	$-6,873,852
2020	$164,949,306	$151,052,229	$140,454,669	$13,897,077
2019	$151,982,758	$137,010,970	$119,139,910	$14,971,788