SOUTHERN CALIFORNIA EDISON CO VEBA (EIN 954372790) - 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

1991

Principal Officer

MARK CHILDS

Phone

6263022627

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN CALIFORNIA EDISON CO VEBA, founded in 1991, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. Expenses of $25.6M exceeded revenue, resulting in a 195% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE POST-RETIREMENT HEALTH AND WELFARE BENEFITS TO ITS MEMBERS WHO EXCLUSIVELY ARE REPRESENTED EMPLOYEES OF A COLLECTIVELY BARGAINED PLAN.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $8,680,190

Other Revenue $0

TOTAL REVENUE $8,680,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,467

Fundraising Expenses $0

Other Expenses $1,545,236

TOTAL EXPENSES $25,602,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,680,190	$-7,311,531	-2.2%
Expenses	$25,602,751	$26,168,839	0.0%
Net Income	$-16,922,561	$-33,480,370	-0.5%

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

N/A

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
N/A	TRUSTEE	6.00		$0	$122,467	$122,467

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	$8,680,190	$25,602,751	$1,342,123,284	$-16,922,561
2023	$-7,311,531	$26,168,839	$1,311,330,433	$-33,480,370
2022	$25,194,977	$18,290,193	$1,254,087,912	$6,904,784
2021	$34,105,827	$27,828,742	$1,438,081,080	$6,277,085
2020	$133,141,989	$33,593,389	$1,472,995,699	$99,548,600
2019	$72,787,296	$32,929,719	$1,369,948,150	$39,857,577
2018	$31,584,990	$30,194,082	$1,211,259,345	$1,390,908

SOUTHERN CALIFORNIA EDISON CO VEBA