Southern California IBEW-NECA Health Trust Fund

EIN: 956140101

Pasadena, CA

Total Revenue
$133,415,600
Total Expenses
$137,699,442
Total Assets
$118,120,442
Net Assets
$17,246,185
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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
1965
Legal Domicile
CA
Principal Officer
DARRICK SORKO-RAM
Phone
3232215861
Tax Period
2022-07-01 to 2023-06-30

Southern California IBEW-NECA Health Trust Fund, founded in 1965, is a major nonprofit that reported $133.4M in total revenue in fiscal year 2022.

Mission

THE SOUTHERN CALIFORNIA IBEW-NECA HEALTH TRUST FUND IS A MULTIEMPLOYER HEALTH BENEFIT PLAN CREATED IN 1965 FOR THE PURPOSE OF PROVIDING LIFE INSURANCE, HOSPITAL, MEDICAL, DENTAL, VISION AND PRESCRIPTION DRUG BENEFITS TO ELIGIBLE EMPLOYEES (AND THEIR DEPENDENTS) EMPLOYED BY PARTICIPATING EMPLOYERS WHO ARE SIGNATORY TO A COLLECTIVE BARGAINING AGREEMENT BETWEEN LOCAL 11 OF THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS AND THE LOS ANGELES COUNTY CHAPTER OF NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $126,878,980
Investment Income $6,424,905
Other Revenue $111,715
TOTAL REVENUE $133,415,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,588,265
TOTAL EXPENSES $137,699,442

Year-over-Year Comparison

2022 2021 Change
Revenue $133,415,600 $139,145,344 0.0%
Expenses $137,699,442 $145,340,796 -0.1%
Net Income $-4,283,842 $-6,195,452 -0.3%
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
6
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES M WILLSON MANAGEMENT TRUSTEE 4.0
Director
$0 $0 $0
ERIC CARTIER MANAGEMENT TRUSTEE 2.0
Director
$0 $0 $0
SEAN MCKENNA MANAGEMENT TRUSTEE 1.0
Director
$0 $0 $0
ERIC BROWN UNION TRUSTEE 3.0
Director
$0 $0 $0
JOEL BARTON UNION TRUSTEE 3.0
Director
$0 $0 $0
GAYLORD RUSTY ROTEN UNION TRUSTEE 3.0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $133,415,600 $137,699,442 $118,120,442 $-4,283,842
2022 $139,145,344 $145,340,796 $127,513,631 $-6,195,452
2021 $128,851,965 $132,796,334 $146,900,015 $-3,944,369
2020 $144,439,265 $149,513,285 $148,506,620 $-5,074,020
2019 $136,761,908 $130,675,952 $136,949,004 $6,085,956
2018 $113,998,534 $113,827,407 $114,895,153 $171,127
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