SOUTHERN CALIFORNIA DISTRICT COUNCIL OF LABORERS MIKE QUEVEDO SR SCHOLARSHIP FUND

EIN: 954715996 501(c)(3) Education

COVINA, CA

Total Revenue
$907,788
Total Expenses
$899,285
Total Assets
$473,251
Net Assets
$473,251
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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
1999
Legal Domicile
CA
Principal Officer
JON P PRECIADO
Phone
6263506900
Tax Period
2024-01-01 to 2024-12-31

SOUTHERN CALIFORNIA DISTRICT COUNCIL OF LABORERS MIKE QUEVEDO SR SCHOLARSHIP FUND, founded in 1999, is a small nonprofit in the Education sector that reported $908K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROVIDE SCHOLARSHIPS TO CHILDREN OF PARENTS OR GUARDIANS WHO ARE ACTIVE OR RETIRED MEMBERS OF AFFILIATED LOCAL UNIONS.

Program Service Accomplishments

Program 1
Expenses: $676,712

PROVIDED SCHOLARSHIPS TO CHILDREN OF PARENTS OR GUARDIANS WHO ARE ACTIVE OR RETIRED MEMBERS OF AFFILIATED LOCAL UNIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $902,267
Program Service Revenue $0
Investment Income $5,521
Other Revenue $0
TOTAL REVENUE $907,788

Expense Breakdown

Grants Paid $676,712
Salaries & Benefits $0
Fundraising Expenses $217,163
Program Expenses $676,712
Other Expenses $222,573
TOTAL EXPENSES $899,285

Year-over-Year Comparison

2024 2023 Change
Revenue $907,788 $780,554 +0.2%
Expenses $899,285 $889,709 +0.0%
Net Income $8,503 $-109,155 -1.1%
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
5
Independent Members
3
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
3
$1,097,723
Total Directors
5
$1,097,723
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON P PRECIADO CHAIRMAN/PRESIDENT 1.0
Officer Director
$0 $170,173 $624,931
PEDRO SANTILLAN SECRETARY 1.0
Officer Director
$0 $135,972 $472,792
ERNIE J ORDONEZ COMMITTEE MEMBER 1.0
Director
$0 $0 $0
BOB GLAZA TREASURER 1.0
Officer Director
$0 $0 $0
joe cruz COMMITTEE MEMBER 1.0
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
2024 $907,788 $899,285 $473,251 $8,503
2023 $780,554 $889,709 $464,748 $-109,155
2022 $750,818 $781,768 $573,903 $-30,950
2021 $809,441 $489,641 $604,853 $319,800
2020 $294,258 $385,395 $285,053 $-91,137
2019 $534,385 $668,312 $376,190 $-133,927
2018 $509,442 $349,491 $510,117 $159,951
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