SANTA MONICA UNITE HERE HEALTH BENEFIT PLAN (EIN 956035138) - 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

1960

Legal Domicile

Principal Officer

LANCE PHILLIPS

Phone

5624635000

Tax Period

2023-01-01 to 2023-12-31

SANTA MONICA UNITE HERE HEALTH BENEFIT PLAN, founded in 1960, is a major nonprofit that reported $169.6M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46.7M, a strong 28% operating margin.

Mission

A MULTIEMPLOYER HEALTH BENEFIT PLAN CREATED FOR THE PURPOSES OF PROVIDING HOSPITAL, MEDICAL, SURGICAL, VISION, DENTAL, PRESCRIPTION DRUG, LIFE INSURANCE AND ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) BENEFITS FOR ELIGIBLE ACTIVE EMPLOYEES AND THEIR DEPENDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $164,380,635

Investment Income $4,703,074

Other Revenue $516,851

TOTAL REVENUE $169,600,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,329,780

TOTAL EXPENSES $122,928,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,600,560	$136,534,171	+0.2%
Expenses	$122,928,325	$102,664,172	+0.2%
Net Income	$46,672,235	$33,869,999	+0.4%

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

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
TERI SERRANO	TRUSTEE	1.0	Director	$0	$0	$0
YOHANYS LAMAS CASTRO	TRUSTEE	1.0	Director	$0	$0	$0
TOM WALSH GARCIA	TRUSTEE	1.0	Director	$0	$0	$0
AUSTIN LYNCH	TRUSTEE	1.0	Director	$0	$0	$0
Kurt Petersen	Trustee	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	No data	No data	No data	No data
2023	$169,600,560	$122,928,325	$176,082,213	$46,672,235
2022	$136,534,171	$102,664,172	$117,823,584	$33,869,999
2021	$108,535,750	$95,918,186	$90,475,217	$12,617,564
2020	$50,495,530	$78,040,490	$80,485,088	$-27,544,960
2019	$69,597,554	$57,350,622	$94,606,072	$12,246,932
2018	$60,773,735	$49,476,592	$73,337,170	$11,297,143

SANTA MONICA UNITE HERE HEALTH BENEFIT PLAN