SOUTHERN CALIFORNIA FLOOR COVERING HEALTH AND WELFARE TRUST FUND (EIN 956096726) - 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

1953

Legal Domicile

Principal Officer

NORBERT MORENO

Phone

6262793022

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN CALIFORNIA FLOOR COVERING HEALTH AND WELFARE TRUST FUND, founded in 1953, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 20% operating margin.

Mission

PROVISION OF AFFORDABLE HEALTH INSURANCE to eligible participants on A GROUP BASIS.

🔒

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 $8,415,226

Investment Income $181,947

Other Revenue $28,647

TOTAL REVENUE $8,625,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $346,001

TOTAL EXPENSES $6,918,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,625,820	$7,303,870	+0.2%
Expenses	$6,918,279	$6,537,048	+0.1%
Net Income	$1,707,541	$766,822	+1.2%

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

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
jeffrey grimsley	management trustee	1.0	Director	$0	$0	$0
ken hurd	management trustee	1.0	Director	$0	$0	$0
jeffrey lasher	management trustee	1.0	Director	$0	$0	$0
ERIC ESPARZA	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
LUIS ROBLES	union trustee	1.0	Director	$0	$0	$0
vince ramos	union trustee	1.0	Director	$0	$0	$0
PETE ESCALERA	union trustee	1.0	Director	$0	$0	$0
matt weir	UNION 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	$8,625,820	$6,918,279	$9,604,891	$1,707,541
2023	$7,303,870	$6,537,048	$7,557,541	$766,822
2022	$5,751,886	$5,987,643	$6,291,050	$-235,757
2021	$5,544,810	$6,368,977	$7,172,659	$-824,167
2020	$5,304,193	$6,004,753	$7,435,439	$-700,560
2019	$4,805,191	$5,560,719	$7,578,768	$-755,528
2018	$4,587,207	$4,729,246	$7,616,733	$-142,039

SOUTHERN CALIFORNIA FLOOR COVERING HEALTH AND WELFARE TRUST FUND