CALIFORNIA STATE FIREFIGHTERS' EMPLOYEE WELFARE BENEFITS CORPORATION (EIN 680258703) - 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

1991

Legal Domicile

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

TO ESTABLISH AND MAINTAIN VARIOUS DISABILITY AND LIFE INSURANCE PROGRAMS FOR THE BENEFIT OF MEMBERS OF THE CALIFORNIA STATE FIREFIGHTERS' ASSOCIATION.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$7,700

Total Directors

$11,300

Key Employees

Highest Compensated

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

CALIFORNIA STATE FIREFIGHTERS' EMPLOYEE WELFARE BENEFITS CORPORATION