SOUTH COAST AIR QUALITY MANAGEMENT… - Form 990 Financial Data

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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

PLAN SPONSOR REP - A JOHN OLVERA SC

Phone

9093962828

Tax Period

2024-01-01 to 2024-12-31

SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT VEBA TRUST, founded in 2010, is a micro nonprofit in the Mutual Benefit sector that reported $75K in total revenue in fiscal year 2024. Revenue surged 281% from the prior year, signaling strong growth momentum. Expenses of $109K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO REIMBURSE ELIGIBLE HEALTH INSURANCE PREMIUM EXPENSES FOR RETIRED EMPLOYEES.

Program Service Accomplishments

Program 1

Expenses: $108,317

REIMBURSED PREMIUM COST FOR RETIRED EMPLOYEES.

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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 $55,868

Investment Income $18,813

Other Revenue $751

TOTAL REVENUE $75,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,655

Other Expenses $338

TOTAL EXPENSES $108,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,432	$19,814	+2.8%
Expenses	$108,655	$100,655	+0.1%
Net Income	$-33,223	$-80,841	-0.6%

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
PLAN SPONSOR REP - A JOHN OLVERA SC	DEPUTY EXECU	N/A	Director	$0	$0	$0
RELIANCE TRUST COMPANY	TRUST COMPAN	N/A		$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
2025	No data	No data	No data	No data
2024	$75,432	$108,655	$580,726	$-33,223
2023	$19,814	$100,655	$613,949	$-80,841
2022	$228,947	$239,682	$694,790	$-10,735
2021	$209,812	$145,710	$705,525	$64,102
2020	$71,234	$121,815	$641,423	$-50,581

SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT VEBA TRUST