Civic Intelligence

California'S Valued Trust

990 • Fiscal year 2014 • EIN 77-6009955

Oct 01, 2013 to Sep 30, 2014 • Filed on Mar 13, 2015

520 E Herndon AveSuite93720-2907

(559) 437-2960

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.47x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

0.11x

Higher debt load relative to revenue than 56% of similar nonprofits.

2014 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2014

Net Margin

23rd percentile

-3.8%

Higher net margin than 23% of similar nonprofits.

2014 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

73rd percentile

$231,278

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2014

Asset Growth

19th percentile

-2.0%

Faster asset growth than 19% of similar nonprofits.

2014 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$139,084,972

Down $2,812,266 (-2.0%) from 2013

Net Assets

Down

$73,305,196

Down $17,009,748 (-19%) from 2013

Liabilities

Up

$65,779,776

Up $14,197,482 (+28%) from 2013

Revenue

$584,088,020

No earlier filing loaded for comparison.

Expenses

Up

$605,997,525

Up $80,134,421 (+15%) from 2013

Net Income

-$21,909,505

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $105,960,246Liabilities 2010: $50,715,638Net Assets 2010: $55,244,6082010Assets 2011: $114,279,129Liabilities 2011: $57,044,713Net Assets 2011: $57,234,4162011Assets 2012: $114,075,587Liabilities 2012: $43,708,700Net Assets 2012: $70,366,8872012Assets 2013: $141,897,238Liabilities 2013: $51,582,294Net Assets 2013: $90,314,9442013Assets 2014: $139,084,972Liabilities 2014: $65,779,776Net Assets 2014: $73,305,1962014Assets 2015: $136,602,572Liabilities 2015: $78,394,637Net Assets 2015: $58,207,9352015Assets 2016: $133,577,786Liabilities 2016: $75,225,469Net Assets 2016: $58,352,3172016Assets 2017: $157,830,155Liabilities 2017: $73,568,200Net Assets 2017: $84,261,9552017Assets 2018: $157,635,073Liabilities 2018: $78,001,519Net Assets 2018: $79,633,5542018Assets 2019: $161,910,543Liabilities 2019: $68,453,435Net Assets 2019: $93,457,1082019Assets 2020: $207,508,043Liabilities 2020: $64,504,329Net Assets 2020: $143,003,7142020Assets 2021: $240,041,607Liabilities 2021: $77,865,346Net Assets 2021: $162,176,2612021Assets 2022: $240,185,223Liabilities 2022: $88,806,247Net Assets 2022: $151,378,9762022Assets 2023: $254,768,905Liabilities 2023: $99,309,008Net Assets 2023: $155,459,8972023Assets 2024: $236,142,276Liabilities 2024: $107,383,040Net Assets 2024: $128,759,2362024Assets 2025: $196,659,654Liabilities 2025: $113,059,122Net Assets 2025: $83,600,5322025

Highlighted filing

2014

Assets$139,084,972
Liabilities$65,779,776
Net Assets$73,305,196

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0B$500M$0-$500MExpenses 2010: $528,184,5642010Expenses 2011: $551,936,8892011Expenses 2012: $521,241,6752012Expenses 2013: $525,863,1042013Revenue 2014: $584,088,020Expenses 2014: $605,997,525Net Income 2014: -$21,909,5052014Revenue 2015: $687,528,785Expenses 2015: $692,558,146Net Income 2015: -$5,029,3612015Revenue 2016: $751,482,481Expenses 2016: $756,822,072Net Income 2016: -$5,339,5912016Revenue 2017: $802,457,397Expenses 2017: $781,429,149Net Income 2017: $21,028,2482017Revenue 2018: $825,409,131Expenses 2018: $828,662,858Net Income 2018: -$3,253,7272018Revenue 2019: $831,031,329Expenses 2019: $817,725,860Net Income 2019: $13,305,4692019Revenue 2020: $805,304,048Expenses 2020: $754,880,529Net Income 2020: $50,423,5192020Revenue 2021: $831,896,361Expenses 2021: $825,113,435Net Income 2021: $6,782,9262021Revenue 2022: $775,584,606Expenses 2022: $753,539,698Net Income 2022: $22,044,9082022Revenue 2023: $807,561,352Expenses 2023: $817,257,825Net Income 2023: -$9,696,4732023Revenue 2024: $846,775,532Expenses 2024: $898,191,185Net Income 2024: -$51,415,6532024Revenue 2025: $917,130,736Expenses 2025: $961,368,515Net Income 2025: -$44,237,7792025

Highlighted filing

2014

Revenue$584,088,020
Expenses$605,997,525
Net Income-$21,909,505
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Mar 13, 2015
Return Version
2013v4.0
Gross Receipts
$584,131,194
Mission and Program Overview

Mission

To provide health and welfare benefits for eligible employees, retirees and their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$90,314,944$73,305,196▼ $17,009,748
Investments Other Securities$58,480,114$65,562,074▲ $7,081,960
Investments in Publicly Traded Securities$59,262,827$61,336,038▲ $2,073,211
Cash and Non-Interest-Bearing Accounts$13,346,490$0▼ $13,346,490
Accounts Receivable$8,111,676$9,239,618▲ $1,127,942
Land, Buildings, and Equipment, Net$2,555,476$2,762,742▲ $207,266
Prepaid Expenses and Deferred Charges$140,655$184,500▲ $43,845
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$141,897,238$139,084,972▼ $2,812,266
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$42,885,877$49,268,690▲ $6,382,813
Accounts Payable and Accrued Expenses$807,290$9,074,392▲ $8,267,102
Deferred Revenue$7,889,127$7,436,694▼ $452,433
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$51,582,294$65,779,776▲ $14,197,482
Net Assets / Fund Balance
Total Net Assets Fund Balance$90,314,944$73,305,196▼ $17,009,748
Total Liabilities and Net Assets / Fund Balance$141,897,238$139,084,972▼ $2,812,266

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$835,683$1,369,818$2,205,501
Buildings$915,059$632,551$1,547,610
Land$1,012,000-$1,012,000
Other Securities$1,355,331--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Valerie CornuelleExecutive DirectorFT$198,837$32,441$231,278
Robert PowersDirector of Financial ServicesFT$115,735$26,230$141,965
Anthony ParreiraTrustee--$227$227
Elaine CashTrustee--$227$227
Elizabeth ZuluetaTrustee--$227$227
John PestorichTrustee--$227$227
Larry YeghoianTrustee--$227$227
Nancy SmithTrustee--$227$227
Sue EusticeTrustee--$227$227
Keith PaceTrustee--$189$189
Debra ColeTrustee--$114$114
Lee CoelhoTrustee--$113$113
Michael ParksTrustee--$38$38

Board Members and Trustees

NameTitle
Carole Anne LuckenbachTrustee
chuck kingTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Anthem Blue Crossclaims admin service-$14,240,337
Delta DentalClaims admin service-$3,486,080
health compclaims admin service-$1,012,947
Vision Service Planclaims admin service-$864,869
MercerActuarial Service-$457,173
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$581,733,100
Investment Income
$2,332,174
Other Revenue
$22,746
Change in Net Assets
$-21,909,505

Audited Revenue Reconciliation

Revenue per Audited Statements
$580,283,294
Revenue Not Reported on Financial Statements
$3,804,726
Revenue Not Reported on Form 990
$4,899,757
Other Revenue Adjustments
$3,646,266
Total Revenue per Audited Statements
$585,183,051
Total Revenue per Form 990
$584,088,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,714,328
Salaries, Compensation, and Employee Benefits$3,713,604
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$573,569,593
Fees for Services Other---$23,365,961
Other Expenses---$3,534,077
Other Salaries and Wages---$2,133,660
Other Employee Benefits---$858,080
Office Expenses---$530,028
Comp Disqual Persons---$384,257
Fees for Services Legal---$251,122
Depreciation Depletion---$217,004
Payroll Taxes---$195,786
Conferences and Meetings---$163,631
Fees for Service Investment Mgmnt Fees---$158,460
Pension Plan Contributions---$141,821
Travel---$138,003
Advertising---$101,316
Fees for Services Accounting---$94,191
Insurance---$84,486
Occupancy---$49,931
Information Technology---$26,118
Total Functional Expenses$0$0$0$605,997,525

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$605,997,525
Expenses per Audited Statements$599,831,814
Total Expenses per Audited Statements$596,185,548
Expenses Not Reported on Financial Statements$6,165,711
Other Expense Adjustments$6,007,251
Expenses Not Reported on Form 990$-3,646,266
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Not Paid$46,938,079
Postretirement Benefit Cost$2,123,700
Obligations for Benefit of Others$206,911
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11B:

A copy of the form 990 was provided to the PLAN's governing body prior to the form 990 being filed. the form 990 was reviewed by the PLAN's audit committee and the director of FINANCIAL SERVICES before it was filed. Part VI, Section B, Line 12C: At least annually, directors and other fiduciaries are asked to disclose any relationships or interests that could give rise to a conflict. If there is a conflict of interest, the conflicting interest is fully disclosed and documented in writing. The director or fiduciary with the conflict of interest is excluded from the discussion and approval of such transactions; the board determines if the transaction is in the best interest of the PLAN, and the terms of the transaction are fair with respect to terms available through arms-length transactions in the marketplace. Part VI, Section B, Line 15: Compensation for the executive director was approved by the board of trustees in 2013. Part VI, Section C, Line 19: The PLAN makes its governing documents, conflict of interest policy and financial statements available to the public upon request. PART VII, SECTION A, COLUMN E: Any trustees' compensation and/or benefits from the related tax-exempt organizations are available at the Trust Office. Part XII, Line 2C: The audit committee assumes responsibility for oversight of both the audit and the selection of the Certified Public Accountants that audit the Plan's financial statements. The full board annually approves the audit and any change to the Certified Public Accountants.

Filing and Contact Details

Filer

EIN
77-6009955
In Care Of
% ROBERT POWERS
Phone
5594372960

Signing Officer

Name
Valerie Cornuelle
Title
executive director
Phone
5594372960
Signed
2015-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Cornuelle
Formed
1984
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
7
Employees
33
Volunteers
0

Preparer

Preparer
Miller Kaplan Arase Llp
Phone
5594372960
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The plan has adopted guidance on accounting for uncertainty in income taxes issued by the financial accounting standards board. The plan administrator believes that the plan has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. The plan administrator believes the plan is no longer subject to income tax examinations for years prior to 2010.

PART XI, LINE 4B:

STOP-LOSS reimbursements $3,646,266 PART XII, LINE 2D: STOP-LOSS reimbursements ($3,646,266) PART XII, LINE 4B: CHANGE IN BENEFIT OBLIGATIONS $6,007,251

Raw XML AppendixShowing 400 of 542 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm2Carole Anne Luckenbach
IRS990/Form990PartVIISectionAGrp/PersonNm3Elizabeth Zulueta
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IRS990/Form990PartVIISectionAGrp/PersonNm7John Pestorich
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IRS990/Form990PartVIISectionAGrp/PersonNm12Keith Pace
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IRS990/Form990PartVIISectionAGrp/PersonNm14Robert Powers
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Dir. of Financial Services
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt090314944
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0835683
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01369818
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02205501
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt06165711
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt04899757
IRS990ScheduleD/OtherExpensesIncludedAmt0-3646266
IRS990ScheduleD/OtherExpensesNotIncludedAmt06007251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046938079
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12123700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2206911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOT PAID
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1POSTRETIREMENT BENEFIT COST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OBLIGATIONS FOR BENEFIT OF OTHERS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$197$113$83.6$917$961$44.2
2024Detailed filing. Detailed filing data is available for this year.$236$107$129$847$898$51.4
2023Detailed filing. Detailed filing data is available for this year.$255$99.3$155$808$817$9.70
2022Detailed filing. Detailed filing data is available for this year.$240$88.8$151$776$754$22.0
2021Detailed filing. Detailed filing data is available for this year.$240$77.9$162$832$825$6.78
2020Detailed filing. Detailed filing data is available for this year.$208$64.5$143$805$755$50.4
2019Detailed filing. Detailed filing data is available for this year.$162$68.5$93.5$831$818$13.3
2018Detailed filing. Detailed filing data is available for this year.$158$78.0$79.6$825$829$3.25
2017Detailed filing. Detailed filing data is available for this year.$158$73.6$84.3$802$781$21.0
2016Detailed filing. Detailed filing data is available for this year.$134$75.2$58.4$751$757$5.34
2015Detailed filing. Detailed filing data is available for this year.$137$78.4$58.2$688$693$5.03
2014Detailed filing. Detailed filing data is available for this year.$139$65.8$73.3$584$606$21.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$51.6$90.3$526
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$43.7$70.4$521
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$57.0$57.2$552
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$50.7$55.2$528