San Diego USD-SDEA Joint Employee Welfare Benefits Trust (EIN 336281020) - 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

1999

Legal Domicile

Principal Officer

Ron Reese

Phone

6192780021

Tax Period

2024-01-01 to 2024-12-31

San Diego USD-SDEA Joint Employee Welfare Benefits Trust, founded in 1999, is a community nonprofit in the Mutual Benefit sector that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $1.5M, a strong 39% operating margin.

Mission

To provide health and welfare benefit premium credits to the Trust's beneficiaries.

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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 $3,469,806

Investment Income $330,218

Other Revenue $0

TOTAL REVENUE $3,800,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $106,271

TOTAL EXPENSES $2,324,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,800,024	$4,003,564	-0.1%
Expenses	$2,324,294	$2,155,452	+0.1%
Net Income	$1,475,730	$1,848,112	-0.2%

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

$169,684

Total Directors

$723,058

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Fournier	Trustee (until Aug. 2024)	0.50	Director	$0	$0	$0
Morgan Thornberry	Trustee	0.50	Director	$0	$0	$147,108
Alicia Rolfe	Co-Chair	0.50	Officer Director	$0	$0	$169,684
Ron Reese	Co-Chair	0.50	Officer Director	$0	$0	$0
Nguyen Phan	Trustee	0.50	Director	$0	$0	$133,406
Curtis Walker	Trustee (as of Sept. 2024)	0.50	Director	$0	$0	$123,059
Nancy Lara	Trustee (unitl Mar. 2024)	0.50	Director	$0	$0	$0
Dana Cherony	Trustee (as of Aug. 2024)	0.50	Director	$0	$0	$149,801

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	$3,800,024	$2,324,294	$11,448,324	$1,475,730
2023	$4,003,564	$2,155,452	$9,769,777	$1,848,112
2022	$3,140,132	$2,449,885	$7,598,575	$690,247
2021	$3,467,099	$2,747,960	$7,453,500	$719,139
2020	$2,972,634	$2,659,034	$6,525,641	$313,600
2019	$3,012,297	$3,197,565	$5,943,751	$-185,268
2018	$2,919,512	$3,751,864	$5,808,293	$-832,352

San Diego USD-SDEA Joint Employee Welfare Benefits Trust