CALIFORNIA WATER SERVICE CO VEBA FOR COL BARG BEN (EIN 680675310) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

MICHELLE MORTENSEN

Phone

4083678200

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA WATER SERVICE CO VEBA FOR COL BARG BEN, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $2.6M left a modest 12% surplus.

Mission

THE VEBA IS USED TO PAY FOR THE COST OF POST-RETIREMENT MEDICAL, DENTAL AND VISION BENEFITS TO MEMBERS AND THEIR QUALIFIED DEPENDENTS OF A COLLECTIVE BARGAINING UNIT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,319,905

Investment Income $1,589,974

Other Revenue $0

TOTAL REVENUE $2,909,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,183

TOTAL EXPENSES $2,573,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,909,879	$5,455,570	-0.5%
Expenses	$2,573,092	$2,086,274	+0.2%
Net Income	$336,787	$3,369,296	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
SHAWN BUNTING	VP, GENERAL COUNSEL TRUSTE	1.00	Officer Director	$0	$0	$0
MICHELLE MORTENSEN	VP, CORPORATE SECRETARY TR	1.00	Officer Director	$0	$0	$0
GREG MILLEMAN	VP, RATES & REGULATORY AFF	1.00	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.00		$6,833	$0	$6,833

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	$2,909,879	$2,573,092	$52,575,971	$336,787
2022	$5,455,570	$2,086,274	$47,331,236	$3,369,296
2021	$3,895,421	$950,000	$56,277,531	$2,945,421
2020	$1,347,996	$700,000	$48,975,351	$647,996

CALIFORNIA WATER SERVICE CO VEBA FOR COL BARG BEN