AUXILIARIES MULTIPLE EMPLOYER VEBA

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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

2010

Legal Domicile

Principal Officer

DENA FLOREZ

Phone

3102123344

Tax Period

2024-07-01 to 2025-06-30

AUXILIARIES MULTIPLE EMPLOYER VEBA, founded in 2010, is a community nonprofit in the Mutual Benefit sector that reported $7.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $6.8M, a strong 88% operating margin.

Mission

TO ASSIST PARTICIPATING CALIFORNIA STATE UNIVERSITY SYSTEM AUXILIARIES WITH THE ESTABLISHMENT AND MAINTENANCE OF THE TRUST FOR INVESTMENT OF FUNDS TO BE USED FOR THE PROVISION OF RETIREE HEALTH AND WELFARE BENEFITS TO PARTICIPATING EMPLOYEES.

Program Service Accomplishments

Program 1

THE CSU AUXILIARIES MULTIPLE EMPLOYER VEBA TRUST ASSISTS PARTICIPATING CALIFORNIA STATE UNIVERSITY SYSTEM AUXILIARIES WITH THE ESTABLISHMENT AND MAINTENANCE OF THE TRUST FOR INVESTMENT OF FUNDS TO BE USED FOR THE PROVISION OF RETIREE HEALTH AND WELFARE BENEFITS TO PARTICIPATING EMPLOYEES. AT JUNE 30, 2025, 24 EMPLOYERS HAD ELECTED TO PARTICIPATE IN 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 $1,951,670

Investment Income $5,807,209

Other Revenue $0

TOTAL REVENUE $7,758,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $501,899

TOTAL EXPENSES $923,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,758,879	$8,547,356	-0.1%
Expenses	$923,036	$1,195,822	-0.2%
Net Income	$6,835,843	$7,351,534	-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

$303,517

Total Directors

$1,405,057

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIONEL LAWRENCE	TRUSTEE	0.10	Director	$0	$27,617	$157,078
TARIQ MARJI	TRUSTEE	0.10	Director	$0	$23,905	$216,505
TERRI STEVENS	TRUSTEE	0.10	Director	$0	$16,953	$181,852
JOSEPH ILLUMINATE	TRUSTEE	0.10	Director	$0	$30,728	$165,031
JIM WESTBROOK	TRUSTEE	0.10	Director	$0	$36,166	$174,741
CECILIA ORTIZ	BOARD CHAIR (TO 03/2025)	0.10	Officer Director	$0	$38,000	$177,750
DENA FLOREZ	BOARD CHAIR (FROM 03/2025)	0.10	Officer Director	$0	$5,876	$125,767
HEATHER ZACKER	TRUSTEE	0.10	Director	$0	$58,042	$206,333

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	$7,758,879	$923,036	$124,802,553	$6,835,843
2024	$8,547,356	$1,195,822	$127,546,794	$7,351,534
2023	$7,845,970	$655,748	$96,503,921	$7,190,222
2022	$7,545,455	$1,427,328	$85,593,825	$6,118,127
2021	$10,399,464	$3,010,935	$104,136,477	$7,388,529
2020	$8,704,282	$649,779	$80,827,992	$8,054,503
2019	$9,911,752	$358,012	$72,889,860	$9,553,740
2018	$7,307,165	$910,935	$63,008,334	$6,396,230