Southern California Local 831-Employe Health Fund
- Assets
- $28.0m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Covina, CA
- Founding
- 04/1965
- Data as of
- 12/2021
- EIN
- 95-6047878
Organization Overview
Southern California Local 831-Employe Health Fund is located in Covina, CA. The organization was established in 1965. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern California Local 831-Employe Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Southern California Local 831-Employe Health Fund generated $12.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $11.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Muller Employer Trustee | Trustee | 1 | $0 |
Arelys Mendez Union Trustee | Trustee | 1 | $0 |
David Henderson Union Trustee | Trustee | 1 | $0 |
Steve Bigelow Union Trustee | Trustee | 1 | $0 |
Joe Steffan Employer Trustee | Trustee | 1 | $0 |
Jon Coley Union Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthem Blue Cross And Blue Shield Ppo Fees | 12/30/19 | $137,585 |
Pacific Southwest Administrators Administration Fees | 12/30/19 | $245,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,972,964 |
| Investment income | $797,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,300,272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,505,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $10,675,062 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $242,262 |
| Fees for services: Legal | $39,652 |
| Fees for services: Accounting | $124,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,840 |
| Fees for services: Other | $112,869 |
| Advertising and promotion | $0 |
| Office expenses | $37,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,528 |
| All other expenses | $0 |
| Total functional expenses | $11,317,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,033,182 |
| Savings and temporary cash investments | $1,056,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,140,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,005 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,765,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,008,880 |
| Accounts payable and accrued expenses | $42,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,589,259 |
| Total liabilities | $4,632,202 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $23,376,678 |
| Total liabilities and net assets/fund balances | $28,008,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joint Benefit Trust Dublin, CA | $57,691,300 | $62,000,712 |
Southern California Edison Co Veba Non Represented Trust Rosemead, CA | $96,435,783 | $52,296,325 |
Electrical Workers Health & Welfare Trust Fund For San<francisco San Francisco, CA | $101,740,447 | $49,849,455 |
Hawaii Carpenters Health & Welfare Trust Fund Honolulu, HI | $342,620,336 | $68,342,021 |
Teamsters Security Fund For Southern Nevada Local 14 Las Vegas, NV | $34,705,927 | $47,693,145 |
Operating Engineers Vacation- Holiday Savings Trust Pasadena, CA | $43,044,158 | $45,362,353 |
Teamster Sanitation Industry Tr Fund glendale, CA | $1,112,159 | $44,721,078 |
San Diego Electrical Health & Welfare Trust San Diego, CA | $35,021,593 | $39,529,238 |
Hawaii Laborers Health And Welfare Trust Fund Honolulu, HI | $112,765,568 | $46,612,013 |
Teamsters Health And Welfare Trust Fund Honolulu, HI | $27,503,384 | $46,365,361 |
Operating Engineers Security Fund West Covina, CA | $104,572,934 | $56,458,139 |
Ckpu-Kp Education & Training Trust Fund Oakland, CA | $33,714,091 | $35,135,589 |