CALIFORNIA CONSTRUCTION INSURANCE TRUST WELFARE BENEFIT PLAN (EIN 336296719) - 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

2001

Legal Domicile

Principal Officer

MARY KATHAWA

Phone

6192802009

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA CONSTRUCTION INSURANCE TRUST WELFARE BENEFIT PLAN, founded in 2001, is a small nonprofit in the Mutual Benefit sector that reported $628K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $743K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE HEALTH BENEFITS FOR PARTICIPANTS AND THEIR COVERED DEPENDENTS.

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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 $627,631

Investment Income $144

Other Revenue $0

TOTAL REVENUE $627,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $93,827

TOTAL EXPENSES $742,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$627,775	$827,250	-0.2%
Expenses	$742,544	$841,744	-0.1%
Net Income	$-114,769	$-14,494	+6.9%

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

Independent Members

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
DANIEL SCHALDACH	SECRETARY	2.0	Officer Director	$0	$0	$0
MARY KATHAWA	CHAIRPERSON	2.0	Officer Director	$0	$0	$0
ADAM SCHALDACH	TRUSTEE	2.0	Director	$0	$0	$0
Greg Minor	TRUSTEE	2.0	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	$627,775	$742,544	$322,152	$-114,769
2022	$827,250	$841,744	$445,749	$-14,494
2021	$889,319	$875,908	$468,646	$13,411
2020	$888,084	$902,228	$457,135	$-14,144
2019	$1,457,884	$1,469,360	$469,648	$-11,476
2018	$1,940,423	$2,003,853	$522,441	$-63,430

CALIFORNIA CONSTRUCTION INSURANCE TRUST WELFARE BENEFIT PLAN