Southern California Gas Co Veba Retiree Life Insurance Trust I
Overview
Mission
Provide life insurance benefits to retirees and eligible dependents of the corporation who are eligible for retiree life insurance up to $50,000 of the death benefits covered by the plan.
What it reported doing in 2014
Disbursements to or for members
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.
Nonprofit profile at a glance
- EIN
- 133886237
- IRS 990 coverage
- 2014–2014
- Forms available
- Form 990 2014
- Headquarters
- San Diego, CA, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Non-Government)
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports that some governance safeguards are missing and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Accountability: 70
- Sustainability: 6
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 29
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -648.5%; rating input score 5; 5th percentile among comparable filings
- Operating reserve ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 1 of 1 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $394K in reported program spending
- Leadership: top reported pay $4 · 1 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.