LABORERS HEALTH & WELFARE TRUST FO… - 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

1954

Legal Domicile

Principal Officer

ROBERT GLAZA

Phone

6262793000

Tax Period

2023-01-01 to 2023-12-31

LABORERS HEALTH & WELFARE TRUST FOR SOUTHERN CALIFORNIA % ROBERT GLAZA, founded in 1954, is a major nonprofit that reported $355.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $327.3M left a modest 8% surplus.

Mission

PROVISION OF AFFORDABLE AND COMPREHENSIVE HEALTH INSURANCE. ADMINISTRATION OF HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

PROVISION OF AFFORDABLE AND COMPREHENSIVE HEALTH INSURANCE. ADMINISTRATION OF HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS.

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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 $350,685,171

Investment Income $4,342,459

Other Revenue $0

TOTAL REVENUE $355,027,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15,925,538

TOTAL EXPENSES $327,319,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,027,630	$322,388,410	+0.1%
Expenses	$327,319,737	$344,881,191	-0.1%
Net Income	$27,707,893	$-22,492,781	-2.2%

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

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

$3,693,957

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE MONCADA	MANAGEMENT TRUSTEE	4.00	Director	$0	$0	$0
JOHN COOPER	MANAGEMENT TRUSTEE	4.00	Director	$0	$0	$0
JEROME DI PADOVA	MANAGEMENT TRUSTEE	4.00	Director	$0	$0	$0
BILL BOYD	MANAGEMENT TRUSTEE	4.00	Director	$0	$0	$0
GARRETT FRANCIS	MANAGEMENT TRUSTEE	4.00	Director	$0	$0	$0
TONY NARANJO	MANAGEMENT TRUSTEE	4.00	Director	$0	$0	$0
DAN NGO	MANAGEMENT TRUSTEE	4.00	Director	$0	$0	$0
DEREK RADOS	MANAGEMENT TRUSTEE	4.00	Director	$0	$0	$0
ALEX ARTIAGA	UNION TRUSTEE	4.00	Director	$0	$94,478	$300,295
MICHAEL DEA	UNION TRUSTEE	4.00	Director	$0	$130,554	$445,379
ADRIAN ESPARZA	UNION TRUSTEE	4.00	Director	$0	$107,240	$382,923
VAL MACEDO	UNION TRUSTEE	4.00	Director	$0	$115,106	$412,032
ANTHONY MIRELES	UNION TRUSTEE	4.00	Director	$0	$75,874	$228,334
JON P PRECIADO	UNION TRUSTEE	4.00	Director	$0	$160,886	$589,366
HERTZ RAMIREZ	UNION TRUSTEE	4.00	Director	$0	$93,728	$284,628
SERGIO RASCON	UNION TRUSTEE	4.00	Director	$0	$163,853	$601,070
PETER SANTILLAN	UNION TRUSTEE	4.00	Director	$0	$129,540	$449,930

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	$355,027,630	$327,319,737	$218,590,628	$27,707,893
2022	$322,388,410	$344,881,191	$191,102,147	$-22,492,781
2021	$292,271,920	$301,840,545	$199,874,546	$-9,568,625
2020	$290,702,179	$270,849,605	$205,718,766	$19,852,574
2019	$252,136,589	$266,187,068	$180,290,382	$-14,050,479
2018	$230,808,233	$239,690,137	$170,574,647	$-8,881,904

LABORERS HEALTH & WELFARE TRUST FOR SOUTHERN CALIFORNIA % ROBERT GLAZA