SEIU-USWW AND SAN DIEGO COUNTY EMPLOYERS TRUST FUND (EIN 680496395) - 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

2002

Legal Domicile

Principal Officer

THOMAS MAGNUSSEN

Phone

6262793003

Tax Period

2024-01-01 to 2024-12-31

SEIU-USWW AND SAN DIEGO COUNTY EMPLOYERS TRUST FUND, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 16% operating margin.

Mission

THE PLAN PROVIDES GROUP MEDICAL AND LIFE INSURANCE, AND RELATED BENEFITS FOR ALL ELIGIBLE EMPLOYEES OF THE SAN DIEGO CHAPTER OF THE SERVICE EMPLOYEES INTERNATIONAL UNION AND EMPLOYERS.

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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 $7,170,884

Investment Income $404,064

Other Revenue $0

TOTAL REVENUE $7,574,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,360,859

Other Expenses $289,137

TOTAL EXPENSES $6,360,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,574,948	$6,290,814	+0.2%
Expenses	$6,360,859	$7,186,397	-0.1%
Net Income	$1,214,089	$-895,583	-2.4%

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
PHIL COLLINS	TRUSTEE	2.00	Director	$0	$0	$0
TOM MAGNUSSEN	TRUSTEE	2.00	Director	$0	$0	$0
CARLOS MURRIETA	TRUSTEE	2.00	Director	$0	$0	$0
GENOVEVA AGUILAR	TRUSTEE	2.00	Director	$0	$0	$0
DAVID HUERTA	TRUSTEE	2.00	Director	$0	$0	$0
MARK SHARWOOD	TRUSTEE	2.00	Director	$0	$0	$0
LARRY SMITH	TRUSTEE	2.00	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	$7,574,948	$6,360,859	$12,057,460	$1,214,089
2023	$6,290,814	$7,186,397	$10,717,371	$-895,583
2022	$5,915,538	$6,132,884	$10,844,957	$-217,346
2021	$6,382,373	$5,356,856	$12,135,934	$1,025,517
2020	$5,390,052	$5,117,364	$11,320,371	$272,688
2019	$5,454,978	$4,596,635	$10,797,970	$858,343
2018	$5,159,796	$4,852,437	$9,874,404	$307,359

SEIU-USWW AND SAN DIEGO COUNTY EMPLOYERS TRUST FUND