SAN MATEO ELECTRICAL WORKERS HEALTH PLAN (EIN 946077924) - 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

1953

Legal Domicile

Principal Officer

WILLIAM KUHR

Phone

4082884400

Tax Period

2024-06-01 to 2025-05-31

SAN MATEO ELECTRICAL WORKERS HEALTH PLAN, founded in 1953, is a mid-sized nonprofit that reported $34.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $39.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE HEALTH BENEFITS TO PARTICIPANTS

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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 $30,222,773

Investment Income $3,760,656

Other Revenue $873,469

TOTAL REVENUE $34,856,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,314,089

Other Expenses $1,390,014

TOTAL EXPENSES $39,704,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,856,898	$40,826,078	-0.1%
Expenses	$39,704,103	$41,144,473	0.0%
Net Income	$-4,847,205	$-318,395	+14.2%

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
DAN PASINI	TRUSTEE	5.00	Director	$0	$0	$0
ABE TALAKAI	TRUSTEE	5.00	Director	$0	$0	$0
BRIAN IWASHITA	TRUSTEE	5.00	Director	$0	$0	$0
DAVID CHAD	TRUSTEE	5.00	Director	$0	$0	$0
TIM LYNCH	TRUSTEE	5.00	Director	$0	$0	$0
SCOTT WEIN	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM KUHR	TRUSTEE, CHAIRMAN	5.00	Director	$0	$0	$0
DAVE MAURO	TRUSTEE	5.00	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
2025	$34,856,898	$39,704,103	$82,827,251	$-4,847,205
2024	$40,826,078	$41,144,473	$87,447,062	$-318,395
2023	$36,184,177	$33,602,685	$82,350,444	$2,581,492
2022	$35,188,346	$32,463,166	$80,228,048	$2,725,180
2021	$41,792,920	$34,155,626	$84,908,173	$7,637,294
2020	$38,882,568	$29,568,952	$75,757,056	$9,313,616
2019	$42,778,482	$26,587,368	$64,830,897	$16,191,114
2018	$34,678,140	$25,664,353	$46,251,047	$9,013,787

SAN MATEO ELECTRICAL WORKERS HEALTH PLAN