Santa Monica City Employees Coalition Benefit Trust

EIN: 306001608 Mutual Benefit

Los Angeles, CA

Total Revenue
$8,135,288
Total Expenses
$3,367,571
Total Assets
$103,229,615
Net Assets
$102,894,248
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Principal Officer
LILI GASPAR
Phone
5624635000
Tax Period
2024-01-01 to 2024-12-31

Santa Monica City Employees Coalition Benefit Trust, founded in 2001, is a community nonprofit in the Mutual Benefit sector that reported $8.1M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 59% operating margin.

Mission

THE SANTA MONICA CITY EMPLOYEES COALITION BENEFIT TRUST WAS ESTABLISHED BY AGREEMENT BETWEEN THE SANTA MONICA EMPLOYEES COALITION AND THE CITY OF SANTA MONICA FOR THE PURPOSE OF FUNDING A RETIREE HEALTH INSURANCE PLAN FOR ELIGIBLE PARTICIPANTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,529,420
Investment Income $4,605,868
Other Revenue $0
TOTAL REVENUE $8,135,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $485,631
TOTAL EXPENSES $3,367,571

Year-over-Year Comparison

2024 2023 Change
Revenue $8,135,288 $6,352,093 +0.3%
Expenses $3,367,571 $2,981,998 +0.1%
Net Income $4,767,717 $3,370,095 +0.4%
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

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Governance

Voting Members
10
Independent Members
3
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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lyn Beckett Cacciatore trustee 1.0
Director
$0 $0 $0
Stephen Jones trustee 1.0
Director
$0 $0 $0
Carl Olson trustee 1.0
Director
$0 $0 $0
maryann yurkonis trustee 1.0
Director
$0 $0 $0
Carlos Rubio trustee 1.0
Director
$0 $0 $0
Hakhamanesh Mortezaie TRUSTEE 1.0
Director
$0 $0 $0
Araceli Esparza Trustee 1.0
Director
$0 $0 $0
Bradley Michaud Trustee 1.0
Director
$0 $0 $0
Steve Gomez Trustee 1.0
Director
$0 $0 $0
YVETTE PIERRE 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 $8,135,288 $3,367,571 $103,229,615 $4,767,717
2023 $6,352,093 $2,981,998 $94,075,899 $3,370,095
2022 $7,514,035 $3,268,695 $82,153,490 $4,245,340
2021 $6,155,178 $2,858,574 $94,223,434 $3,296,604
2020 $4,955,779 $2,546,181 $82,099,452 $2,409,598
2019 $6,487,343 $2,195,279 $73,236,077 $4,292,064
2018 $8,986,390 $2,142,021 $62,355,774 $6,844,369
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