Civic Intelligence

Labor Alliance Managed Trust Fund

EIN 94-3217575 • 501(c)9 • Pleasanton, CA

Profile

To provide hospital and health benefits to participants in a multiemployer plan.

1181 Quarry Lane Suite 400Pleasanton, CA 94566-0075

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.24x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

53rd percentile

0.08x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2025

Net Margin

49th percentile

3.5%

Higher net margin than 49% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

21%

Faster asset growth than 90% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Annualized from 2023 to 2025

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Annualized from 2023 to 2025

Assets

Up

$94,543,677

Up $11,137,578 (+13%) from 2024

Liabilities

Up

$22,522,840

Up $313,835 (+1.4%) from 2024

Net Assets

Up

$72,020,837

Up $10,823,743 (+18%) from 2024

Revenue

Up

$283,081,074

Up $27,888,307 (+11%) from 2024

Expenses

Up

$273,201,455

Up $30,386,348 (+13%) from 2024

Net Income

Down

$9,879,619

Down $2,498,041 (-20%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2011: $13,814,977Liabilities 2011: $6,739,621Net Assets 2011: $7,075,3562011Assets 2012: $15,772,814Liabilities 2012: $8,246,822Net Assets 2012: $7,525,9922012Assets 2013: $17,932,381Liabilities 2013: $8,081,222Net Assets 2013: $9,851,1592013Assets 2014: $20,325,641Liabilities 2014: $8,746,829Net Assets 2014: $11,578,8122014Assets 2015: $23,567,372Liabilities 2015: $9,546,317Net Assets 2015: $14,021,0552015Assets 2016: $26,291,821Liabilities 2016: $10,531,000Net Assets 2016: $15,760,8212016Assets 2017: $29,755,552Liabilities 2017: $12,519,595Net Assets 2017: $17,235,9572017Assets 2018: $32,474,929Liabilities 2018: $13,585,832Net Assets 2018: $18,889,0972018Assets 2019: $36,302,010Liabilities 2019: $13,257,000Net Assets 2019: $23,045,0102019Assets 2020: $40,129,128Liabilities 2020: $12,676,000Net Assets 2020: $27,453,1282020Assets 2021: $45,450,113Liabilities 2021: $13,319,000Net Assets 2021: $32,131,1132021Assets 2022: $51,349,525Liabilities 2022: $14,041,000Net Assets 2022: $37,308,5252022Assets 2023: $64,549,546Liabilities 2023: $18,456,000Net Assets 2023: $46,093,5462023Assets 2024: $83,406,099Liabilities 2024: $22,209,005Net Assets 2024: $61,197,0942024Assets 2025: $94,543,677Liabilities 2025: $22,522,840Net Assets 2025: $72,020,8372025

Highlighted filing

2025

Assets$94,543,677
Liabilities$22,522,840
Net Assets$72,020,837

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0Expenses 2011: $75,302,0032011Expenses 2012: $86,408,6062012Expenses 2013: $101,279,3302013Revenue 2014: $107,559,317Expenses 2014: $105,823,446Net Income 2014: $1,735,8712014Revenue 2015: $113,865,435Expenses 2015: $111,478,909Net Income 2015: $2,386,5262015Revenue 2016: $129,975,628Expenses 2016: $128,371,189Net Income 2016: $1,604,4392016Revenue 2017: $148,815,238Expenses 2017: $147,664,893Net Income 2017: $1,150,3452017Revenue 2018: $166,152,685Expenses 2018: $163,822,448Net Income 2018: $2,330,2372018Revenue 2019: $167,126,929Expenses 2019: $163,133,486Net Income 2019: $3,993,4432019Revenue 2020: $167,871,654Expenses 2020: $163,057,358Net Income 2020: $4,814,2962020Revenue 2021: $164,730,083Expenses 2021: $162,641,121Net Income 2021: $2,088,9622021Revenue 2022: $181,714,492Expenses 2022: $175,459,814Net Income 2022: $6,254,6782022Revenue 2023: $210,405,027Expenses 2023: $199,239,984Net Income 2023: $11,165,0432023Revenue 2024: $255,192,767Expenses 2024: $242,815,107Net Income 2024: $12,377,6602024Revenue 2025: $283,081,074Expenses 2025: $273,201,455Net Income 2025: $9,879,6192025

Highlighted filing

2025

Revenue$283,081,074
Expenses$273,201,455
Net Income$9,879,619

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$94.5$22.5$72.0$283$273$9.88
2024Detailed filing. Detailed filing data is available for this year.$83.4$22.2$61.2$255$243$12.4
2023Detailed filing. Detailed filing data is available for this year.$64.5$18.5$46.1$210$199$11.2
2022Detailed filing. Detailed filing data is available for this year.$51.3$14.0$37.3$182$175$6.25
2021Detailed filing. Detailed filing data is available for this year.$45.5$13.3$32.1$165$163$2.09
2020Detailed filing. Detailed filing data is available for this year.$40.1$12.7$27.5$168$163$4.81
2019Detailed filing. Detailed filing data is available for this year.$36.3$13.3$23.0$167$163$3.99
2018Detailed filing. Detailed filing data is available for this year.$32.5$13.6$18.9$166$164$2.33
2017Detailed filing. Detailed filing data is available for this year.$29.8$12.5$17.2$149$148$1.15
2016Detailed filing. Detailed filing data is available for this year.$26.3$10.5$15.8$130$128$1.60
2015Detailed filing. Detailed filing data is available for this year.$23.6$9.55$14.0$114$111$2.39
2014Detailed filing. Detailed filing data is available for this year.$20.3$8.75$11.6$108$106$1.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$8.08$9.85$101
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$8.25$7.53$86.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$6.74$7.08$75.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Jan 30, 2026
Return Version
2024v5.2
Gross Receipts
$312,500,902
Mission and Program Overview

Mission

To provide hospital and health benefits to participants.

To provide hospital and medical benefits to participants in a multiemployer plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$61,197,094$72,020,837▲ $10,823,743
Investments in Publicly Traded Securities$57,452,033$69,070,084▲ $11,618,051
Accounts Receivable$21,361,002$23,384,490▲ $2,023,488
Savings and Temporary Cash Investments$2,395,898$0▼ $2,395,898
Cash and Non-Interest-Bearing Accounts$2,197,166$2,089,103▼ $108,063
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 Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$83,406,099$94,543,677▲ $11,137,578
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$22,186,499$22,498,000▲ $311,501
Accounts Payable and Accrued Expenses$22,506$24,840▲ $2,334
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$22,209,005$22,522,840▲ $313,835
Net Assets / Fund Balance
Total Net Assets Fund Balance$61,197,094$72,020,837▲ $10,823,743
Total Liabilities and Net Assets / Fund Balance$83,406,099$94,543,677▲ $11,137,578
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carlos BarnettTrustee
Chuck MartinTrustee
Eric JimenezTrustee
Larry ValentiTrustee
Lyle McVicarTrustee
Robert FrancinTrustee
Victor MinerosTrustee
frank SEVILLAtrustee
see sCHEDULE O FOR COMPENSATIONPaid by Related Organizations

Highest Paid Contractors

ContractorServicesLocationCompensation
Dmc Insurance Administrators INCThird-party Adm1181 Quarry Lane, Pleasanton, CA 94566$4,631,323
SimpletherapyAdministrationPO BOX 25220, Fresno, CA 93729$428,696
Withumsmithbrown PCAccounting Fees6101 BOLLINGER ROAD STE 400, San Ramon, CA 94583$367,036
NwpsConsulting300 E JOPPA RD 601, Towson, MD 21286$139,871
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$280,216,541
Investment Income
$2,864,533
Other Revenue
$0
Change in Net Assets
$9,879,619

Audited Revenue Reconciliation

Revenue per Audited Statements
$282,964,822
Revenue Not Reported on Financial Statements
$116,252
Revenue Not Reported on Form 990
$944,124
Total Revenue per Audited Statements
$283,908,946
Total Revenue per Form 990
$283,081,074
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,359,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$266,841,524
Fees for Services Management---$4,833,879
Fees for Services Other---$659,644
Fees for Services Accounting---$347,133
Conferences and Meetings---$173,426
Office Expenses---$144,162
Fees for Service Investment Mgmnt Fees---$116,252
Fees for Services Legal---$80,693
Insurance---$4,742
Total Functional Expenses$0$0$0$273,201,455

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$273,201,455
Expenses per Audited Statements$272,773,702
Total Expenses per Audited Statements$272,773,702
Expenses Not Reported on Financial Statements$427,753
Other Expense Adjustments$311,501
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
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
Benefit Obligations$22,498,000
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

The governing body has appointed management duties to a third-party administrator.

FORM 990, PART VI, SECTION A, LINE 8B:

There are no committees with authority to act on behalf of the governing body.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is distributed to the board of trustees for review prior to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

The board of trustees is subject to the fiduciary responsibility provisions of the employee retirement income security act of 1974 (erisa), as amended, including the conflict-of-interest provisions of erisa section 406. Annually, at the board of trustees meeting, the trustees are required to disclose if there are any conflicts of interest. If a conflicting interest exists, the person with the conflict is excluded from the discussion and approval of such transaction.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict-of-interest policy and financial statements available to the public upon request.

FORM 990, PART VII, SECTION A, LINE 1A:

Trustees are not compensated by the trust. Compensation paid to trustees employed by other related organizations is reported on the form 990 filed with the internal revenue service by the related tax-exempt organization. If you would like additional information, please contact the third-party administrator, dmc insurance administrators, inc.

Filing and Contact Details

Filer

Filer Name
Labor Alliance Managed Trust Fund
EIN
94-3217575
In Care Of
% DMC INSURANCE ADMIN INC
Phone
9254263553
Address
1181 Quarry Lane Suite 400, Pleasanton, CA 94566-0075

Signing Officer

Name
Larry Valenti
Title
Trustee
Phone
9254263553
Signed
2026-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Valenti
Formed
1995
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Withumsmithbrownpc
Address
6101 BOLLINGER CANYON RD STE 400, SAN RAMON, CA 94583
Preparer
Jessica R Roster
Phone
9252779100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of trustees assumes responsibility for oversight of the audit and selection of an independent auditor. There has been no change in this process from the prior year.

Financial Statement Notes

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Change in benefit obligations

PART X, LINE 2:

The Plan's administrator has analyzed the tax positions taken by the Plan and has concluded that, as of March 31, 2025 and 2024, there are no uncertain positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by the taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 490 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/PersonNm0Carlos Barnett
IRS990/Form990PartVIISectionAGrp/PersonNm1Larry Valenti
IRS990/Form990PartVIISectionAGrp/PersonNm2Chuck Martin
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert Francin
IRS990/Form990PartVIISectionAGrp/PersonNm4frank SEVILLA
IRS990/Form990PartVIISectionAGrp/PersonNm5VICTOR MINEROS
IRS990/Form990PartVIISectionAGrp/PersonNm6Lyle McVicar
IRS990/Form990PartVIISectionAGrp/PersonNm7Eric Jimenez
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IRS990/Form990PartVIISectionAGrp/TitleTxt8PAID BY RELATED ORGANIZATIONS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN BENEFIT OBLIGATIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Plan's administrator has analyzed the tax positions taken by the Plan and has concluded that, as of March 31, 2025 and 2024, there are no uncertain positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by the taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY HAS APPOINTED MANAGEMENT DUTIES TO A THIRD-PARTY ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA), AS AMENDED, INCLUDING THE CONFLICT-OF-INTEREST PROVISIONS OF ERISA SECTION 406. ANNUALLY, AT THE BOARD OF TRUSTEES MEETING, THE TRUSTEES ARE REQUIRED TO DISCLOSE IF THERE ARE ANY CONFLICTS OF INTEREST. IF A CONFLICTING INTEREST EXISTS, THE PERSON WITH THE CONFLICT IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRUSTEES ARE NOT COMPENSATED BY THE TRUST. COMPENSATION PAID TO TRUSTEES EMPLOYED BY OTHER RELATED ORGANIZATIONS IS REPORTED ON THE FORM 990 FILED WITH THE INTERNAL REVENUE SERVICE BY THE RELATED TAX-EXEMPT ORGANIZATION. IF YOU WOULD LIKE ADDITIONAL INFORMATION, PLEASE CONTACT THE THIRD-PARTY ADMINISTRATOR, DMC INSURANCE ADMINISTRATORS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR. THERE HAS BEEN NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A, LINE 1A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
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