CALIFORNIA STATE FIREFIGHTERS' EMPLOYEE WELFARE BENEFITS CORPORATION

EIN: 680258703

CARMICHAEL, CA

Total Revenue
$1,567,710
Total Expenses
$1,741,793
Total Assets
$5,387,530
Net Assets
$5,376,040
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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
1991
Legal Domicile
CA
Principal Officer
KURT CHUN
Phone
9164469880
Tax Period
2023-01-01 to 2023-12-31

CALIFORNIA STATE FIREFIGHTERS' EMPLOYEE WELFARE BENEFITS CORPORATION, founded in 1991, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE CALIFORNIA STATE FIREFIGHTERS' EMPLOYEE WELFARE BENEFITS CORPORATION (THE CORPORATION) WAS CREATED FOR THE PURPOSE OF ESTABLISHING AND MAINTAINING VARIOUS DISABILITY AND LIFE INSURANCE PROGRAMS FOR THE BENEFIT OF MEMBERS OF THE CALIFORNIA STATE FIREFIGHTERS' ASSOCIATION.

Program Service Accomplishments

Program 1

THE ORGANIZATION IS A VOLUNTARY BENEFICIAL ASSOCIATION PROVIDING INSURANCE BENEFITS TO PARTICIPANTS FOR LONGTERM DISABILITY, LIFE, AND ACCIDENTAL DEATH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $720,637
Program Service Revenue $761,536
Investment Income $74,963
Other Revenue $10,574
TOTAL REVENUE $1,567,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,300
Fundraising Expenses $0
Other Expenses $1,000,089
TOTAL EXPENSES $1,741,793

Year-over-Year Comparison

2023 2022 Change
Revenue $1,567,710 $1,139,040 +0.4%
Expenses $1,741,793 $898,719 +0.9%
Net Income $-174,083 $240,321 -1.7%
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
5
Independent Members
5
Employees
N/A
Volunteers
1

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
3
$7,700
Total Directors
6
$11,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT CHIN PRESIDENT 2.00
Officer Director
$2,700 $0 $2,700
JUSTIN WHITE VICE PRESIDENT 2.00
Officer Director
$1,400 $0 $1,400
JOHN HA BOARD MEMBER 2.00
Director
$1,800 $0 $1,800
VERN LOSH BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE WILSON BOARD MEMBER 2.00
Director
$1,800 $0 $1,800
ROBERT HAMILTON LEFT 102023 PRESIDENT 2.00
Officer Director
$3,600 $0 $3,600
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 $1,567,710 $1,741,793 $5,387,530 $-174,083
2023 No data No data No data No data
2022 $1,139,040 $898,719 $5,111,339 $240,321
2021 $1,002,698 $1,000,183 $5,634,032 $2,515
2020 $695,151 $1,177,705 $5,097,845 $-482,554
2019 $1,036,384 $1,019,244 $5,237,697 $17,140
2018 $1,303,896 $1,088,915 $4,657,098 $214,981
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