CAL POLY CORPORATION VEBA TRUST

EIN: 467470544 Mutual Benefit

SAN LUIS OBISPO, CA

Total Revenue
$1,105,368
Total Expenses
$1,488,596
Total Assets
$26,247,713
Net Assets
$26,233,725
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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
2014
Legal Domicile
CA
Principal Officer
DAN BANFIELD
Phone
8057565031
Tax Period
2022-07-01 to 2023-06-30

CAL POLY CORPORATION VEBA TRUST, founded in 2014, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 35% operating deficit.

Mission

PAYING CERTAIN OTHER POST-EMPLOYMENT BENEFITS FOR ELIGIBLE RETIREES AND THEIR 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $335,744
Investment Income $769,624
Other Revenue $0
TOTAL REVENUE $1,105,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,075
Fundraising Expenses $0
Other Expenses $67,698
TOTAL EXPENSES $1,488,596

Year-over-Year Comparison

2022 2021 Change
Revenue $1,105,368 $1,332,458 -0.2%
Expenses $1,488,596 $1,469,037 +0.0%
Net Income $-383,228 $-136,579 +1.8%
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
6
Independent Members
N/A
Employees
N/A
Volunteers
8

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
2
$360,381
Total Directors
8
$993,280
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN BANFIELD CHIEF ADMINISTRATOR 1.00
Officer Director
$0 $31,737 $232,112
JOE ALVES SECRETARY 1.00
Officer Director
$0 $28,407 $128,269
JODI BLOCK PART YR-0822 CPC BENEFITS COMMITTEE MBR 1.00
Director
$0 $13,090 $101,717
UMUT BROWN CPC BENEFITS COMMITTEE MBR 1.00
Director
$0 $29,022 $136,522
TIFFANY KRAMLICH CPC BENEFITS COMMITTEE MBR 1.00
Director
$0 $5,946 $43,498
RUSSELL MONTEATH CPC BENEFITS COMMITTEE MBR 1.00
Director
$0 $10,894 $127,699
JULIA PEREZ CPC BENEFITS COMMITTEE MBR 1.00
Director
$0 $25,961 $102,661
JENNIFER WHARTON PART YR-0822 CPC BENEFITS COMMITTEE MBR 1.00
Director
$0 $20,554 $120,802
N/A TRUSTEE, NONVOTING 1.00
$5,075 $0 $5,075
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,105,368 $1,488,596 $26,247,713 $-383,228
2022 $1,332,458 $1,469,037 $25,988,991 $-136,579
2021 $1,683,490 $1,519,942 $30,636,887 $163,548
2020 $1,569,536 $1,577,173 $25,667,490 $-7,637
2019 $2,484,354 $1,593,282 $26,212,099 $891,072
2018 $1,261,751 $1,484,621 $25,665,764 $-222,870
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