SOUTHERN CALIFORNIA PIPE TRADES HE… - Form 990 Financial Data

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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

1951

Legal Domicile

Principal Officer

RODNEY COBOS

Phone

2133856161

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN CALIFORNIA PIPE TRADES HEALTH AND WELFARE FUND, founded in 1951, is a major nonprofit in the Mutual Benefit sector that reported $190.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND VACATION BENEFITS TO ELIGIBLE ACTIVE MEMBERS AND THEIR BENEFICIARIES IN COMPLIANCE WITH THE TRUST AGREEMENT.

Program Service Accomplishments

Program 1

PROVIDED BENEFIT PAYMENTS FOR MEDICAL, HOSPITALIZATION, DENTAL, PRESCRIPTION DRUG, DISABILITY, ACCIDENTAL DEATH AND VACATION BENEFITS TO APPROXIMATELY 10,750 ACTIVE PARTICIPANTS AND THEIR...

PROVIDED BENEFIT PAYMENTS FOR MEDICAL, HOSPITALIZATION, DENTAL, PRESCRIPTION DRUG, DISABILITY, ACCIDENTAL DEATH AND VACATION BENEFITS TO APPROXIMATELY 10,750 ACTIVE PARTICIPANTS AND THEIR BENEFICIARIES.

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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 $169,274,876

Investment Income $20,616,372

Other Revenue $215,850

TOTAL REVENUE $190,107,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,857,668

TOTAL EXPENSES $185,314,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,107,098	$175,420,666	+0.1%
Expenses	$185,314,159	$162,206,220	+0.1%
Net Income	$4,792,939	$13,214,446	-0.6%

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

N/A

Employees

460

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

$524,783

Total Directors

$2,763,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY COBOS	CO-CHAIR - UNION	2.00	Officer Director	$0	$49,874	$338,289
BEN CLAYTON	TRUSTEE - UNION	2.00	Director	$0	$45,928	$262,138
JEREMY DIAZ	TRUSTEE - UNION	2.00	Director	$0	$45,928	$254,720
RICARDO PEREZ	TRUSTEE - UNION	2.00	Director	$0	$46,601	$225,875
WILLIAM STEINER	TRUSTEE - UNION	2.00	Director	$0	$42,703	$221,621
DAVID BALDWIN	TRUSTEE - UNION	2.00	Director	$0	$42,431	$214,425
JOSEPH RAYMOND	TRUSTEE - UNION	2.00	Director	$0	$42,431	$214,425
STEVEN GOMEZ	TRUSTEE - UNION	2.00	Director	$0	$42,431	$210,939
STEVE BERINGER	TRUSTEE - UNION	2.00	Director	$0	$38,094	$196,768
ROBERT JAMES	TRUSTEE - UNION	2.00	Director	$0	$43,036	$188,622
MICHAEL SHANE BOSTON	TRUSTEE - UNION/SECRETARY	2.00	Officer Director	$0	$38,934	$186,494
GREG LEWIS	TRUSTEE - UNION	2.00	Director	$0	$39,066	$186,266
SASHA STEVENS	TRUSTEE - UNION (PART YEAR)	2.00	Director	$0	$12,799	$63,126
MICHAEL LOPEZ	TRUSTEE - UNION (PART YEAR)	2.00	Director	$0	$0	$0
ROBERT FELIX	CHAIR	2.00	Officer Director	$0	$0	$0
BRYAN SUTTLES	TRUSTEE	2.00	Director	$0	$0	$0
CHIP MARTIN	TRUSTEE - CO-SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT BAKER	TRUSTEE	2.00	Director	$0	$0	$0
JASON GORDON	TRUSTEE	2.00	Director	$0	$0	$0
JOHN MODJESKI	TRUSTEE	2.00	Director	$0	$0	$0
STEVE VALOT	TRUSTEE	2.00	Director	$0	$0	$0
LARRY VERNE	TRUSTEE	2.00	Director	$0	$0	$0
ADAM KAPLAN	TRUSTEE (PART YEAR)	2.00	Director	$0	$0	$0
JEFF HACHEY	TRUSTEE (PART YEAR)	2.00	Director	$0	$0	$0
JIM KRANZ	TRUSTEE (PART YEAR)	2.00	Director	$0	$0	$0
PIP ZAIDE	TRUSTEE (PART YEAR)	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	$190,107,098	$185,314,159	$423,228,699	$4,792,939
2023	$175,420,666	$162,206,220	$395,451,441	$13,214,446
2022	$158,823,315	$175,372,108	$350,555,940	$-16,548,793
2021	$152,193,163	$125,625,090	$359,692,501	$26,568,073
2020	$120,173,337	$119,720,967	$340,749,581	$452,370
2019	$116,368,587	$90,843,684	$292,838,682	$25,524,903
2018	$107,379,850	$74,530,643	$245,660,372	$32,849,207
2017	$89,309,045	$78,128,566	$220,291,438	$11,180,479
2016	$75,278,627	$72,223,891	$201,532,752	$3,054,736

SOUTHERN CALIFORNIA PIPE TRADES HEALTH AND WELFARE FUND