Los Angeles County Fire Fighters Local 1014 Health and Welfare Plan

EIN: 953846186

El Monte, CA

Total Revenue
$141,839,683
Total Expenses
$105,755,136
Total Assets
$416,678,201
Net Assets
$393,241,421
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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
1978
Legal Domicile
CA
Principal Officer
Tony Carcioppolo
Phone
3106391014
Tax Period
2023-07-01 to 2024-06-30

Los Angeles County Fire Fighters Local 1014 Health and Welfare Plan, founded in 1978, is a major nonprofit that reported $141.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $36.1M, a strong 25% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $129,147,735
Investment Income $12,646,854
Other Revenue $45,094
TOTAL REVENUE $141,839,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,846,503
Fundraising Expenses $0
Other Expenses $7,792,795
TOTAL EXPENSES $105,755,136

Year-over-Year Comparison

2023 2022 Change
Revenue $141,839,683 $130,666,375 +0.1%
Expenses $105,755,136 $96,852,911 +0.1%
Net Income $36,084,547 $33,813,464 +0.1%
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

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Governance

Voting Members
7
Independent Members
3
Employees
32
Volunteers
7

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
2
$11,000
Total Directors
9
$26,750
Key Employees
1
$236,687
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGINALD A CYRUS ADMINISTRATIVE MANAGER 40.0
Key Emp
$194,840 $41,847 $236,687
XAVIER CAMPOS CHAIRMAN 2.0
Officer Director
$5,750 $0 $5,750
DAVID MORSE TRUSTEE 2.0
Director
$5,500 $0 $5,500
DONALD LASSIG SECRETARY 2.0
Officer Director
$5,250 $0 $5,250
JOHN BISHOP TRUSTEE - TERM. 11/31/2023 2.0
Director
$5,250 $0 $5,250
GERARDO SILVA TRUSTEE - Term. 4/11/2024 2.0
Director
$5,000 $0 $5,000
DAVID GILLOTTE TRUSTEE 2.0
Director
$0 $0 $0
JASON CERVANTES TRUSTEE 2.0
Director
$0 $0 $0
CHRIS READE TRUSTEE - EFF. 08/28/2023 2.0
Director
$0 $0 $0
Tony Carcioppolo Trustee - Eff. 4/11/2024 2.0
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 No data No data No data No data
2024 $141,839,683 $105,755,136 $416,678,201 $36,084,547
2023 $130,666,375 $96,852,911 $363,177,822 $33,813,464
2022 $148,578,882 $95,526,744 $325,333,067 $53,052,138
2021 $115,023,931 $89,613,777 $309,492,833 $25,410,154
2020 $108,483,281 $93,004,197 $226,935,669 $15,479,084
2019 $101,115,889 $85,281,694 $213,828,057 $15,834,195
2018 $93,476,677 $76,424,873 $192,763,605 $17,051,804
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