SEIU LOCAL 105 HEALTH AND WELFARE TRUST FUND (EIN 271372825) - 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

2009

Legal Domicile

Principal Officer

james veldkamp

Phone

8007321121

Tax Period

2023-01-01 to 2023-12-31

SEIU LOCAL 105 HEALTH AND WELFARE TRUST FUND, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $4.9M in total revenue in fiscal year 2023.

Mission

TO PROVIDE MEDICAL AND PRESCRIPTION BENEFITS TO PARTICIPANTS ON WHOSE BEHALF EMPLOYERS CONTRIBUTE TO THE PLAN IN ACCORDANCE WITH THEIR COLLECTIVE BARGAINING AGREEMENT.

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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 $4,951,158

Investment Income $-3,764

Other Revenue $0

TOTAL REVENUE $4,947,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $180,428

TOTAL EXPENSES $5,326,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,947,394	$4,884,500	+0.0%
Expenses	$5,326,216	$5,741,961	-0.1%
Net Income	$-378,822	$-857,461	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES VELDKAMP	TRUSTEE, CHAIR	1.0	Director	$0	$0	$0
TROY COKER	TRUSTEE	1.0	Director	$0	$0	$0
LUIS PONCE	TRUSTEE, SECRETARY	1.0	Director	$0	$0	$0
PEDRO CARRILLO	TRUSTEE	1.0	Director	$0	$0	$0
STEVE LARSON	ALTERNATE TRUSTEE	1.0	Director	$0	$0	$0
JASON CAMP	TRUSTEE	1.0	Director	$0	$0	$0
STEPHANIE FELIX-SOWY	TRUSTEE	1.0	Director	$0	$0	$0
JC VEGA	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
2024	No data	No data	No data	No data
2023	$4,947,394	$5,326,216	$919,306	$-378,822
2022	$4,884,500	$5,741,961	$1,273,910	$-857,461
2021	$5,181,805	$5,779,208	$2,225,307	$-597,403
2020	$5,012,525	$5,386,142	$2,846,099	$-373,617
2019	$4,898,697	$4,885,425	$3,148,245	$13,272
2018	$4,545,698	$4,250,324	$3,055,752	$295,374

SEIU LOCAL 105 HEALTH AND WELFARE TRUST FUND