SAN DIEGO TRANSIT IBEW #465 SECURITY FUND HEALTH AND WELFARE PLAN (EIN 237444436) - 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

1970

Legal Domicile

Principal Officer

JEFF STUMBO

Phone

6195574517

Tax Period

2022-01-01 to 2022-12-31

SAN DIEGO TRANSIT IBEW #465 SECURITY FUND HEALTH AND WELFARE PLAN, founded in 1970, is a small nonprofit that reported $768K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 228% operating deficit.

Mission

TO PROVIDE HEALTH 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $760,316

Investment Income $8,125

Other Revenue $0

TOTAL REVENUE $768,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $82,435

TOTAL EXPENSES $2,517,185

Year-over-Year Comparison

	2022	2021	Change
Revenue	$768,441	$2,514,285	-0.7%
Expenses	$2,517,185	$2,496,047	+0.0%
Net Income	$-1,748,744	$18,238	-96.9%

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

N/A

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

$479,759

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY BYRD	TRUSTEE	1.00	Director	$0	$0	$0
JEFF STUMBO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRENDAN SHANNON	TRUSTEE	1.00	Director	$0	$0	$0
BREE WILCOX	TRUSTEE	1.00	Director	$0	$0	$0
RAUL DIAZ	TRUSTEE	1.00	Director	$0	$0	$223,802
SERGIO COTA	TRUSTEE	1.00	Director	$0	$0	$0
NATE FAIRMAN	TRUSTEE	1.00	Director	$0	$0	$255,957

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
2022	$768,441	$2,517,185	No data	$-1,748,744
2021	$2,514,285	$2,496,047	$2,442,263	$18,238
2020	$2,568,426	$2,475,659	$2,349,845	$92,767
2019	$2,522,798	$2,416,970	$2,221,317	$105,828
2018	$2,430,563	$2,272,529	$1,994,297	$158,034

SAN DIEGO TRANSIT IBEW #465 SECURITY FUND HEALTH AND WELFARE PLAN